The DeFi Education Fund and the Blockchain Association have taken a stand against the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT) by submitting an amicus brief. This brief raised alarm bells about the significant privacy and security concerns posed by the CAT, particularly for participants in the digital asset market. The CAT, which
Pi Network is a cryptocurrency project that was introduced in 2019 with the goal of allowing users to mine and earn digital assets on their mobile devices. Unlike traditional mining methods that consume a large amount of electricity, Pi Network aims to be energy-efficient by utilizing the Stellar Consensus Protocol (SCP) as its consensus algorithm,
Cardano (ADA) investors have been closely watching the recent price surge of the crypto token, which has seen a gain of over 14% in the last seven days. However, on-chain data indicates that this price surge could lead to significant selling pressure from investors who recently entered the market. Data from the on-chain analytics platform
The Federal Bureau of Investigation (FBI) has recently made headlines by leveraging Non-Fungible Tokens (NFTs) as a means to return $1.14 million to victims of the CluCoin fraud. This groundbreaking approach marks the first time that law enforcement agencies have utilized NFTs in reaching out to victims of financial crimes. Through the use of NFTs,
Ethereum has been facing significant selling pressure, struggling to recover from the weakness experienced in early August. Despite sporadic moments of strength post the sell-off on August 5, Ethereum’s prices are still hovering below the $2,800 mark. The daily chart shows some bullish resilience, with buyers managing to withstand the selling pressure and keeping prices
The Bitcoin market is known for its extreme volatility, with the price of the cryptocurrency fluctuating wildly from month to month. Investors and analysts often look at historical data to try to predict the future performance of Bitcoin, but even with years of data available, it remains a challenging task. As August comes to a
Bitcoin, the leading cryptocurrency, has had quite the rollercoaster ride over the past week. After a significant drop in price, bitcoin rebounded and surged to a weekly high of nearly $62,000. This sudden increase was accompanied by gains in other major altcoins such as TRX, TON, LINK, UNI, and MATIC. The volatility of bitcoin is
The Indian government is gearing up to implement extensive regulations for the cryptocurrency sector, as reported by local media on August 22. It has been revealed that the first course of action will involve releasing a consultation paper in the next few weeks to seek feedback from key stakeholders. This move underscores the government’s dedication
Base, the Ethereum Layer 2 network incubated by Coinbase, has been making significant strides in the Layer 2 network landscape. Recent data from IntoTheBlock has revealed that Base now has nearly 40% more daily active addresses compared to its competitors Arbitrum and Optimism. This growth signifies Base’s increasing dominance in the Layer 2 space and
Coinbase, the popular cryptocurrency exchange, has made an announcement that is set to have a significant impact on the Ethereum layer-2 network Polygon. The exchange revealed its plans to support the planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). This move signifies Coinbase’s commitment to staying at the forefront of
