In a recent interview on the Thinking Crypto podcast, Charles Hoskinson, the founder of Cardano, revealed the disappointing truth behind the rumored partnership with tech mogul Elon Musk. Despite numerous attempts to reach out to Musk’s companies, including offering free work to combat issues with bots on the platform formerly known as Twitter, Hoskinson expressed
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The IOTA Foundation’s Web3 Identification Solution has been selected for the European Blockchain Sandbox program, marking a significant milestone in the evolution of Know-Your-Customer (KYC) processes and privacy in the Web3 space. This decision underscores the importance of addressing regulatory concerns surrounding KYC and privacy, especially as decentralized finance (DeFi) continues to attract regulatory scrutiny.
Blockchain analytics platform Bubblemaps recently made headlines by alleging insider trading activity in meme coin projects associated with prominent figures like Andrew Tate and Iggy Azalea. These allegations have sparked a discussion within the crypto community about the ethics of such practices and their impact on the market. Bubblemaps detailed the alleged insider trading activities
Recently, several major retail companies in South Korea, including Lotte and Hyundai, have made the decision to bow out of the non-fungible token (NFT) market. This move comes as a response to a noticeable slowdown in the NFT industry, prompting these companies to redirect their focus and resources back towards their core business operations. Lotte
The European Banking Authority (EBA) recently released comprehensive guidelines focusing on recovery plans for issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs) under the Markets in Crypto-Assets (MiCA) regulation. This new framework is crucial for maintaining compliance with regulatory standards and ensuring the stability of the crypto-asset market in the EU. The guidelines introduced
Despite the recent decline in the price of Ethereum (ETH) to around $3,500, analysts are optimistic about the potential for the cryptocurrency to reach new all-time highs. Wolf and Jelle, two prominent users, have presented compelling arguments for a bullish path ahead for ETH. Wolf’s price chart shows a favorable trend since the beginning of
As the cryptocurrency market continues to see bullish expectations, one particular crypto analyst, known as @Av_Sebastian on X (formerly Twitter), predicts that the Cardano price could potentially rise to $2. This optimism is attributed to the highly anticipated Chang upgrade scheduled for the Cardano network. The crypto analyst has expressed confidence that the ADA price
Recently, Terraform Labs found itself in a legal battle with the Securities and Exchange Commission (SEC), culminating in a $4.47 billion settlement related to fraudulent activities surrounding the defunct Terra blockchain. The SEC sought approval from US District Judge Jed Rakoff for a “proposed final consent judgment” involving Terraform and its co-founder, Do Kwon. The
In a recent statement, Terraform Labs CEO Chris Amani revealed that Terra will transition into a community-led project as the company prepares to wind down operations in the wake of a $4.5 billion SEC settlement. Amani emphasized the need for the community to “take over ownership of the chain” moving forward. He expressed confidence that
Gamee, a hypercasual gaming ecosystem, made a critical move when it transferred its GMEE token from Telegram to Ethereum following the $15 million hack on Polygon in early 2024. This strategic decision played a significant role in the recent surge of activity within the Gamee network. Apart from the migration to Ethereum, the integration of