On November 21st, Sui Network, a prominent Layer 1 blockchain platform, faced a significant operational setback when it encountered an unprecedented failure in block production. The incident, which caused the network to halt completely for approximately two hours, sparked concerns among users and investors alike. Once the system was restored, transactions resumed, but the disturbance
Crypto
The Celsius Network, a financial service blockchain company, has found itself embroiled in a challenging insolvency case that has garnered significant attention across the financial and legal sectors. As cryptocurrency continues to reshape traditional banking and finance landscapes, Celsius’s recent bankruptcy highlights the complexities inherent in handling digital assets. Faced with issues of fraudulent transfers
The cryptocurrency market has seen impressive growth, attracting millions of investors, especially during bullish periods. While this rise elicits enthusiasm and investment opportunities, it also invites a darker element: scams. No cryptocurrency is immune, with the Shiba Inu (SHIB) token being particularly targeted due to its large and active community. Recently, warnings have emerged about
The cryptocurrency landscape is abuzz with discussions surrounding the newly introduced BFUSD by Binance, a leading exchange that has managed to consistently remain at the forefront of the digital asset industry. Even before its official launch, BFUSD has generated significant speculation, particularly due to its enticing annual percentage yield (APY) of 19.55%. This high yield
In a significant development for the cryptocurrency sector, Coinbase CEO Brian Armstrong is poised to engage in a pivotal private meeting with President-elect Donald Trump. This meeting, reportedly facilitated by Trump’s transition team, signals potential shifts in key personnel appointments that could profoundly influence the future regulatory landscape of the crypto industry. As the new
Heather Morgan, better known by her distinct rap persona “Razzlekhan,” has recently been sentenced to 18 months in prison for her involvement in a high-profile cryptocurrency crime. Her conviction stems from a conspiracy to launder funds stolen during the infamous Bitfinex hack that occurred in 2016. The original theft, encompassing nearly 120,000 Bitcoin, was valued
The crypto landscape is ever-evolving, and recent discussions between Charles Hoskinson, the founder of Cardano, and Ripple’s CEO, Brad Garlinghouse, have ignited speculation of a potential partnership between the two blockchain giants. This dialogue marks a significant shift in relationships within the crypto community, especially considering the historical tensions that have existed between the supporters
As the cryptocurrency market dances between volatility and exuberant rally phases, Bonk has emerged as a fresh player in the world of memecoins. Recently, Bonk’s price found some stability, settling at $0.000049 after reaching an all-time high of $0.000055. Investors are buzzing with excitement, reflecting on the meteoric rise of their investments: Shawn.eth, a prominent
In a bold strategic maneuver aimed at enhancing its presence in the cryptocurrency market, Metaplanet, a Tokyo-listed company, has resolved to issue debt to fund its burgeoning Bitcoin portfolio. At a Board of Directors meeting on November 18, 2023, it was announced that the firm plans to sell ordinary bonds worth 1.75 billion yen, a
Solana, a leading blockchain platform known for its speed and scalability, has recently achieved a significant landmark in its decentralized exchange (DEX) ecosystem. For the first time, monthly trading volume has topped $70 billion, marking an exciting development in the world of decentralized finance (DeFi). This surge in trading activity is not coincidental; it reflects
