In a notable development within the cryptocurrency landscape, FTX’s bankruptcy administrators have garnered significant attention with their recent sale of a considerable portion of Solana (SOL) tokens at a considerable markdown. This transaction, featuring prominent industry players like Galaxy Trading…
Terraform Labs and Founder Do Kwon Face Fraud Verdict in SEC Case
In a significant verdict delivered by a Manhattan jury, Singapore-based Terraform Labs and its founder, Do Kwon, have been found liable on civil fraud charges. The jury’s decision, in agreement with the U.S. Securities and Exchange Commission (SEC), validates the…
Cryptocurrency Debate Insights from Goldman Sachs and Beyond
In recent years, the rise of cryptocurrency has sparked intense debate and speculation within the financial industry. While some experts embrace digital currencies as a investment asset class, others, like Sharmin Mossavar-Rahmani, the chief investment officer of Goldman Sachs’ Wealth…
Staked Solana Worth $24M Locked on Lido Due to Contract Error
In recent developments, it has come to light that as much as $24 million worth of tokenized staked Solana (stSOL) has inadvertently been locked on Lido’s liquid-staking platform. This unfortunate occurrence stems from a faulty smart contract, which has caused…
Sei Foundation launches $10 million fund to support NFT and social project creators
The Sei Foundation, a non-profit organization dedicated to fostering the growth of the Sei ecosystem, has recently launched an exciting initiative known as the Sei Creator Fund. This fund, valued at an impressive $10 million, aims to provide grants for…
Solareum Closes Doors Following $523K Exploit Impacting Solana Wallet Holders
Solareum, a Telegram trading app for Solana-based tokens, recently reported an issue that impacted a number of Solana users. Due to this issue, around $523,000 in SOL was lost from user wallets. This article will cover the circumstances of Solareum’s…
Sui Unites DAG and Blockchain for Swift Secure Transactions Without the Hyperbole
In the field of distributed ledger technology, Sui stands out because it brings together the features of a directed acyclic graph (DAG) and a blockchain. This combination allows Sui to process transactions very quickly while also keeping the data secure.…
ARK 21Shares Bitcoin ETF Sees Historic Daily Outflow Surpassing Grayscale With $87 Million Withdrawn
Cathie Wood’s ARK 21Shares Bitcoin exchange-traded fund (ETF) experienced a historic daily outflow of over $87 million on April 2. This marked the first time that the fund witnessed a larger daily outflow than Grayscale’s Bitcoin Trust (GBTC) since the…
Project Agora aims to revolutionize payments through tokenization and global central bank collaboration
The Bank for International Settlements (BIS) and seven central banks, including the Federal Reserve Bank of New York, are embarking on an innovative project to leverage tokenization for improving the efficiency and reliability of international payments. They are collaborating with…
Lithuania Steps Up Crypto Regulation as It Prepares for Licensing Shift
Over the past decade, Lithuania has emerged as a prominent hub for financial-technology startups, particularly in the field of cryptocurrencies. However, the country is now poised to undergo a significant transformation as it prepares to award licenses to crypto companies…