Solana again clocks record-breaking fee revenue
Solana generated some $8.7 million in economic value from network activity, up from just under $8 million one day prior, according to Blockworks Research.
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US SEC’s Hester Peirce: Certain Tokens Need a Safe Harbor
U.S. Securities and Exchange Commission (SEC) commissioner Hester Peirce expressed interest in building a non-exclusive safe harbor for token offerings. The news was reported by Singaporean blockchain business consulting firm Jenga BCG in a press release published on Aug. 5.Per the document, Pierce made her remarks during the Convergence Forum held at the Singapore University…
Former Binance Head of Trading Joins CoinFlex As Chief Strategy Officer
Leslie Tam, former head of trading at major cryptocurrency exchange Binance, has joined cryptocurrency derivatives exchange CoinFlex as its new chief strategy officer.On Dec. 16, the Block reported that former Binance executive Leslie Tam is looking to expand his professional horizons at cryptocurrency exchange CoinFlex, where he will explore new possibilities for the company to…
Bank to Basics: USC Project Seeks to Disrupt Traditional Wholesale Banking
On June 3, the Utility Settlement Coin (USC) project, one of the most ambitious crypto-based initiatives in mainstream finance, announced that it had taken the next step in its progression: the creation of a new company called Fnality International and the completion of a 50 million British pound ($63.2 million) Series A financing round.The momentum…
Tesla reports record $1B income for Q2 despite $23M impairment loss on BTC
Tesla’s latest earnings report showed that the firm conducted no digital asset purchases or sales in Q2, but reported an impairment loss of $23 million on its BTC holdings. 848 Total views 21 Total shares Electric vehicle and clean energy firm, Tesla, has reported $1.14 billion in net income for the second quarter. The firm’s…
Crypto Class Action Asks to Use Social Media to Wrangle Flighty ICO Issuer
Plaintiffs in a class-action lawsuit against Status and its 2017 initial coin offering of the Status Network Token (SNT) are asking the judge to authorize official document delivery, or serving, via alternative channels like Twitter and emails.In court documents obtained by Cointelegraph and filed on Aug. 3, the judge is presented with a ready-to-sign motion…
Why is Ethereum (ETH) price down today?
Ethereum price is down today as macroeconomic and crypto-specific factors put a dent in investors’ optimism.
Hacker returns stolen funds to Tender.fi, gets $97K bounty reward
The bounty, which was offered via an on-chain message, was about $97,000, or 6% of the exploit amount. 265 Total views 13 Total shares Own this piece of history Collect this article as an NFTThe hacker behind the exploit of the decentralized finance lending platform Tender.fi has returned the stolen funds for a $97,000 bounty…
Bitcoin Bollinger Bands echo move that ended in 40% January gains
Bitcoin (BTC) is lining up a burst of volatility that could rival its 40% January gains, on-chain data suggests.In the latest edition of its weekly newsletter, The Week On-Chain, analytics firm Glassnode revealed the tightest Bollinger Bands since the start of 2023.BTC price due “strong moves” — but direction unknownBTC price has acted in a…