TL;DR Meme coin DADDY saw a 500% increase after endorsements from Andrew Tate. It is surrounded by controversy over insider holdings. MOTHER, launched by Iggy Azalea, rose 700% in 30 days despite criticism from Ethereum co-founder Vitalik Buterin. DADDY on the Move Despite the recent market correction, the cryptocurrency sector has rallied substantially since the…
TLDR Paxos, a stablecoin issuer, has laid off 65 employees, representing about 20% of its workforce. The layoffs come as Paxos focuses on launching and scaling new regulated tokens, particularly in the areas of tokenization and stablecoins. Paxos lost a significant source of revenue when it stopped issuing the Binance-branded BUSD stablecoin due to regulatory…
PRESS RELEASE. Road Town, BVI, June 13, 2024 – In a significant move for cryptocurrency and mobile technology enthusiasts, LBank Exchange, a premier global digital asset trading platform, has announced the listing of Aethir (ATH) on June 12, 2024. Users of LBank Exchange can brace themselves for the ATH/USDT trading pair, which has gone live…
The U.S. Federal Reserve has decided to keep the benchmark federal rate at 5.25% to 5.50%. This stance essentially indicated that there would be very minimal rate decreases going forward. Federal Reserve Chairman Jerome Powell said that there has been a slight drop in inflation and that the rates will remain steady to ensure economic…
TLDR Supra, a Layer-1 blockchain, launches the “Super dApp Showdown” competition with a $100M Ecosystem Fund. Season One of the competition starts in August 2024, with judges from Supra, Google Cloud, Republic Crypto, Hashkey Capital, and the TV show Killer Whales. Developers can build “Super dApps” on Supra’s L1 network and compete for investments from…
Ripple, a leading enterprise in blockchain and crypto solutions, and Archax, the UK’s first regulated digital asset exchange, have announced an extension to their existing collaboration on June 13, 2024. This partnership aims to bring hundreds of millions of dollars of tokenized real-world assets onto the XRP Ledger over the next year, positioning the XRPL…
TL;DR Bitcoin peaked at $72,000 last Friday, dropped below $70,000 quickly, and fell to $66,000 ahead of the CPI announcement and the Federal Reserve’s rate decision. Shiba Inu’s burn rate increased by 2,800%, but its price is down over 15% weekly. While XRP dropped 7% to $0.48, analysts predict a rise to $1 or $1.50…
Bitcoin went on a real rollercoaster in the past few days in anticipation of the US CPI numbers and the subsequent FOMC meeting. The altcoins went on a similar ride, but now that the dust has settled, TON has emerged as today’s top performer, followed by FET and KAS. BTC’s Volatile Ride The primary cryptocurrency…
With U.K. opinion polls indicating a strong performance by the Labour Party in the July 4 elections, crypto executives and lobbyists are reportedly focusing their attention on party leader Keir Starmer. The crypto industry has also prioritized two other pro-tech Labour Party leaders in its ongoing effort to influence the U.K. government’s policy on digital…
TLDR ARPA Network, a decentralized cryptographic system designed to perform BLS threshold signature tasks, has launched an EigenLayer-secured AVS (Actively Validated Services). The integration with EigenLayer allows ARPA Network to enhance its security, availability, and scalability by leveraging shared security and the Dual Staking mechanism. ARPA Network’s Randcast product provides reliable random number generation across…