2022-01-10
Factors to Maintain Altcoin and Solana's Bullish Performances
As mentioned during the previous several days, certain cryptocurrency investors are once more interested in Solana (SOL). The altcoin's market capitalization increased 37% last week. However, a meme altcoin was mostly responsible for that growth.
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Ethereum 2.0 Layer 2 Projects Killer?
One of the biggest hopes for the future of the cryptocurrency sector is the introduction of Ethereum 2.0. Its promise, made many years ago, is to work hard to increase the network efficiency of the most popular altcoin on the market, which will have an impact on transaction fees and processing times.
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Important Details to Know About Polygon (MATIC) and Uniswap (UNI) Partnership
As stated in 2022, Polygon (MATIC) has formed numerous alliances with industries outside of the cryptocurrency business, which have aided in the expansion of the Layer 2 ecosystem. The long list includes businesses like Starbucks, Nubank, and Mastercard.
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Logan Paul Had Change of Heart and Apologizes to Coffeezilla After Backlash From NFT Project
Paul declared that Coffeezilla and him are not at war.
Unexpectedly, Logan Paul removed the reaction video he had made in response to Coffeezilla's, in which he had accused the latter of disseminating false information and even threatened to sue Logan Paul.
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Two Yuga Labs Executives Were Fired Over Ryder Ripps Litigation Controversy
Yuga Labs, the creator of the well-known NFT project Bored Ape Yacht Club, and NFT artist Ryder Ripps are still engaged in legal conflict.
A federal court in California ordered the deposition of Wylie Aronow and Greg Solano, two of Yuga Labs' founders, because they are not apex witnesses.
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Huobi Korea Intends to Sever Ties With Huobi Global
The cryptocurrency exchange Huobi Korea, which is situated in Korea, intends to separate from Huobi Global and launch its own company, according to a report in Korean media News1.
Huobi Korea, a domestic cryptocurrency exchange, plans to set up its connections with Huobi Global, its parent company. By changing its name to Huobi and acquiring shares, it is pursuing a strategy to strengthen its local footprint.
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In 9 Months, FTX spent $40M on Catering, Flights, and Hotels
FTX spent a lot on opulent housing, travel, and dining in the nine months before to declaring bankruptcy in November 2022.
FTX spent $40 million on hotel, travel, and food between January and September of 2022, according to documents filed with the court. Later, alleging "liquidity concerns," the company declared bankruptcy in November of that same year.
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Federal Prosecutors Want That FTX Victims Confirm Their Accounts
To learn more about their legal rights and to share their experiences, victims of the now-defunct cryptocurrency exchange FTX and its founder Sam Bankman-Fried are being urged to get in touch by US authorities.
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From a $400M FTX Loan, BlockFi CEO is Now Cashing Out About $10M
Last year, the CEO of BlockFi withdrew more than $10 million from the platform to pay taxes, while FTX made payments totaling almost $15 million to particular insider accounts as part of a confidential settlement.
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Eisenberg, Mango Swindler, Being Investigated by SEC, According to CFTC Commissioner
Avraham Eisenberg, a self-described Mango Markets exploiter, is also being looked at by the US Securities and Exchange Commission for his part in the extraction of $110 million from the decentralized system.
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Op-Ed: In Case of Dollar Collapse, What Happens to Tether and Stablecoins?
What would happen if the dollar were to crash, hypothetically? How would fiat-backed stablecoins fare?
Private cryptocurrencies have become the newest form of money during the past ten years. This is especially true for stablecoins, which Harvard Business Review referred to as "a private kind of money" and which provide a useful substitute for fiat issued by the government.
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What You Should Know About Cardano's Key Ecosystem Metric's 30% Increase in 2023
Since the start of the year, Cardano's total value locked (TVL) has climbed by 30%. By the conclusion of the first 10 days of January 2023, it had increased from less than $50 million at the beginning of the year to $64.7 million.
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Core Scientific Under Investigation for Securities Fraud That Allowed Stock Prices Drop Freely
Core Scientific, a bitcoin mining company, is still having legal and financial issues despite filing for bankruptcy. Investigations are being conducted into a claim of "securities fraud" by the company.
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Thanks for reading,
J.K.
