Judge approves delaying forfeiture of donations from FTX-funded PACs
Former FTX CEO Sam Bankman-Fried reportedly donated roughly $40 million directly to political candidates and PACs in 2022 before the collapse of his crypto exchange.
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Tron Officially Releases Sidechain Scaling Solution Sun Network
Blockchain-based decentralized application platform (DApps) Tron (TRX) has announced the release of a sidechain scaling solution, the Sun Network, in a blog post published on Aug. 11.Tron has released the V1.0 code for the Sun Network, which is a scaling solution designed to enhance and ensure a supposedly unlimited scaling capacity of the Tron mainnet.…
Solana Labs raises $314M via private token sale as ecosystem support expands
Andreessen Horowitz and Polychain Capital led the raise, with additional contributions from Alameda Research, Blockchange Ventures, CMS Holdings, Coinfund, CoinShares, Collab Currency, Memetic Capital and many others. 3727 Total views 7 Total shares Cryptocurrency venture capital funds have poured hundreds of millions of dollars into Solana Labs to support further development and execution of decentralized…
a16z exec: Stablecoin regulatory clarity needed to avoid ‘FTX-level issue’
Chris Dixon is bullish on stablecoins but says Europe is currently leading the United States in protecting consumers and investors.
Ethereum can reach $500 for the first time since 2018 — Here’s how
As the price of Ethereum’s native digital currency Ether (ETH) has had record-high transaction fees recently, the price of ETH also showed an increased amount of volatility. A new high was hit at $495 at the end of August, after which the price took the elevator down and dropped with more than thirty percent to $308. This…
Samson Mow: Bitmain S17/T17 Antminer Has High Failure Rate
The Blockstream CSO announced that Bitcoin miners are reporting technical issues with the Bitmain rigs resulting in 20-30% failure rates. 1263 Total views 38 Total shares Cryptocurrency miners relying on the Bitmain S17 and T17 Antminer have said that the rigs have failure rates between 20-30% where they would normally be roughly 5%.According to an…
Ethereum and Altcoins to Turn Bullish as Bitcoin Price Wavers?
The most recent Bitcoin price drop caused many altcoins to drop heavily, but can one say that they are doing poorly or is it only their USD pairs which are affected? Since a temporary bottom was found at the start of September, altcoins have steadily gained value in their BTC pairings. Take the following, for…
SEC proposes tougher rules as part of its crypto custody crackdown
A five-member panel of the United States Securities Exchange Commission (SEC) has voted 4-1 in favor of a proposal that may make it more difficult for cryptocurrency firms to serve as digital asset custodians in the future.The proposal, which is yet to be officially approved by the SEC, recommends amendments to the “2009 Custody Rule” will…
Wallstreetbets and GameStop saga set for Hollywood treatment in new film
A major Hollywood studio has won the rights to turn the r/Wallstreetbets saga into a movie — less than a week after the GameStop short squeeze. 2482 Total views 11 Total shares The r/Wallstreetbets saga which saw a group of Redditors join forces to extract billions from Wall Street hedge funds is set to be…