Austin Federa, the Communications Chief at Solana Labs, has announced that several developers are working together to address the network’s issue with congestion. Solana Burdened with Extreme Congestion Solana, represented by SOL, is a widely-used blockchain network that applies Proof-of-Stake (PoS) as its consensus mechanism to enable smart contracts. Solana’s primary goal is to address … Read more
In Queensland, Australia’s second largest state, the Crime and Corruption Commission (CCC) has proposed amending the existing crypto asset legislation. The CCC has discovered weaknesses in the current law that enable misuse of digital currencies such as Bitcoin (BTC), and they are seeking greater authority to seize these assets during investigations. Reformation of CPCA Law … Read more
WOO X, a leading crypto futures and spot trading platform, recently announced the introduction of three new Index Perpetual Contracts: the GMCI 30, GMCI L2, and GMCI Memes Indices. These contracts were collaboratively created with Wintermute and GMCI, marking a pioneering step as the first centralized exchanges to incorporate Level 2 (L2) and Memes indices. … Read more
Taiwanese authorities have indicted David Pan, the founder of Taiwan’s digital assets trading platform ACE Exchange, for his alleged involvement in a crypto-related fraud case. The defendant, along with six other suspects, is currently facing charges of money laundering and other crimes stemming from losses of 340 million New Taiwan dollars valued at around $10.6 … Read more
CryptoQuant’s analysis team has shared new insights: the upcoming 2024 Bitcoin halving seems to have less impact on Bitcoin‘s price than previously assumed. The halving, which typically brings bullish market trends, now appears to be a lesser factor influencing BTC‘s surge in value. Bitcoin Halving Effects On Prices Is Fading According to a study published … Read more
At the SuiBasecamp event in Paris, the rapidly expanding SUI blockchain network, boasting over $646 million in Total Value Locked (TVL), unveiled several exciting new offerings. With the support of esteemed developers from Mysten Labs behind it, Sui aims to challenge Ethereum (ETH) as the leading smart contract platform in the not-too-distant future. The Sui … Read more
Charles Edwards, the creator of Capriole Investments, has generated notable buzz and discussion among cryptocurrency enthusiasts. He’s labeled Ethena (ENA) as “the next Luna,” but with an essential distinction: its economic foundation is considered robust and enduring. Edwards clarified, “The investment is fully backed and the return fluctuates with market conditions. In contrast, Luna didn’t … Read more
Dog WIF experienced significant price fluctuations this week. On Tuesday night, its value increased by almost 10%. However, the upward trend did not last, and by Wednesday, Dog WIF had dropped approximately 14% in value. Dogwifhat’s Aggressive Rise And Sudden Dip The journey on the rollercoaster started off with an exciting explosion of activity. Dogwifhat, … Read more
The Ministry of Commerce and Consumer Affairs in New Zealand is suggesting several steps to encourage the development and acceptance of cryptocurrencies, fostering their growth within the country. Andriew Bayly, heading the ministry, expresses worry that New Zealand’s passive stance toward the growing economy might cause us to overlook potential benefits. Proposed Measures for Crypto … Read more
Recently, Fantom, Ethereum‘s rival in the Layer-1 scene, has gained attention with its native token, FTM, experiencing a significant price increase and surpassing $1. The trading volume for Fantom’s token has skyrocketed by 100% to reach $613 million daily. Additionally, FTM has seen a weekly growth of 15%. The price of Fantom (FTM) has risen … Read more