Yuga Labs, a company behind the major nonfungible token (NFT) project, Bored Ape Yacht Club (BAYC), has completed restructuring amid the ongoing challenges in the industry. Yuga Labs CEO Daniel Alegre took to X (formerly Twitter) on Oct. 17...
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Binance.US has halted direct US dollar withdrawals from the platform. This change follows a series of regulatory actions by the US Securities and Exchange Commission (SEC). As a result, Binance.US’ users are now required to convert their US dollar...
Renowned crypto analyst Josh Olszewicz recently spotlighted an extremely bullish technical pattern for Solana (SOL) price, suggesting a potential significant uptrend for the cryptocurrency against the US dollar (SOL/USD). Olszewicz shared his analysis on X (formerly Twitter), commenting, “SOL...
In a note, David Lo, head of financial products at Bybit, wrote that on-chain activity shows bitcoin holdings by long-term investors are reaching record levels, while Ethereum’s gas usage is dropping significantly, leading to faster ether inflation. Bitcoin has...
Understanding Reed’s Law The concept of network effects is extended by Reed’s Law, which was developed by Harvard professor David P. Reed in 1999 and emphasizes the importance of communities and subgroups within a network. Reed’s Law states that...
The rise of stablecoins has been nothing short of revolutionary. These digital currencies, which are frequently pegged to traditional assets such as the US dollar, have promised to transform the way corporations conduct international trade. But the big question...
XRP has struggled to regain bullish price momentum this month, with the crypto going on six days of red candle close last week. The XRP community appears to be feeling the effects of this lack of momentum, as speculations...
BOND Token Soars After BarnBridge Votes to ‘Comply’ With SEC Source link
Top Stories This Week Caroline Ellison wanted to step down but feared a bank run on FTX Caroline Ellison, former CEO of Alameda Research, testified for over 10 hours this week at Sam Bankman-Fried’s trial, offering deeper details on...
BlockFi’s CEO Zac Prince testified today (Friday) in the ongoing case against Sam Bankman-Fried (SBF), highlighting a billion-dollar loss incurred by his crypto lending firm in connection with Alameda Research and FTX. According to a report by Coindesk, BlockFi’s...