The Cardano network is on the brink of a significant upgrade with the upcoming Chang hard fork, which is set to be deployed in the next few days. This update will bring about new features and mark the blockchain’s full transition into a community-run network. Originally scheduled for August 27, the Chang hard fork was
Crypto
Maker, a pioneer in the world of DeFi lending protocols on Ethereum, has undergone a major transformation, rebranding itself as “Sky” in conjunction with significant upgrades to its decentralized stablecoin system. The stablecoin DAI has been renamed to USDS, while the governance token MKR has been swapped out for SKY. This rebranding marks a new
The former CEO of Heartland Tri-State Bank (HTSB), Shan Hanes, has been sentenced to 293 months in federal prison for embezzling a staggering $47.1 million in a cryptocurrency fraud scheme. This scheme, known as “pig butchering,” involved luring unsuspecting investors into fraudulent digital asset investments through unauthorized wire transfers. The embezzlement scam led to the
Following Pavel Durov’s controversial arrest in France, a wave of support from celebrities and well-known public figures has flooded in. Notable names such as Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson have all spoken out in defense of the Telegram CEO. The news of Durov’s arrest had a ripple effect on the
In recent weeks, Bitcoin ETFs have been experiencing a significant uptrend, with more than $500 million flowing into the largest US-based products. Despite a challenging start earlier in the month that saw over $550 million being withdrawn in just three days, the market has shown signs of recovery. In the past week alone, these financial
The US Securities and Exchange Commission has responded to Hex founder Richard Heart’s motion to dismiss its $1 billion securities fraud lawsuit by asserting its jurisdiction over the case. According to the SEC’s opposition brief filed in a New York federal court, Heart’s attempt to dismiss the lawsuit fails to address the well-supported allegations in
The Federal Reserve has been a key player in influencing the current economic landscape, particularly when it comes to interest rates. Chairman Powell recently announced the possibility of impending rate cuts during his speech in Jackson Hole, Wyoming. This decision has left markets speculating about the future direction of interest rate policies. According to Powell,
Shibarium, a layer-2 blockchain solution integrated into the Ethereum network, has made significant strides in the past year. With over 418 million transactions processed to date, it has emerged as a pivotal player in the development of the Shiba Inu ecosystem. The primary focus of Shibarium lies in reducing transaction costs, enhancing speed, and boosting
The dynamics of the American political landscape are shifting, as evidenced by a report from Coinbase suggesting that young, pro-crypto voters could play a crucial role in the outcome of the 2024 US presidential elections. With Gen Z and Millennials now accounting for 40% of the electorate, candidates who embrace crypto and financial innovation are
Bitcoin, the leading cryptocurrency, experienced a significant surge in price, reaching $65,000 after a period of trading sideways. This sudden increase of $5,000 within a day can be attributed to various factors, including the actions of the US Federal Reserve. The relationship between Bitcoin’s price and the economic policies of the Federal Reserve has been
