The Cardano network is on the brink of a major upgrade that will solidify its transition into a community-run ecosystem. The Chang hard fork, originally scheduled for August 27, has been delayed to September 1, 2024, to allow crypto exchanges like Binance time to prepare for the rollout. Cardano’s development is divided into five eras:
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OpenSea CEO Devin Finzer recently announced that the company had received a Wells Notice from the US Securities and Exchange Commission (SEC) due to concerns that the NFTs on their platform may be classified as securities. This announcement has sparked controversy within the cryptocurrency community, as it signifies a potential crackdown on digital assets by
The US Securities and Exchange Commission has been cracking down on various cryptocurrency platforms, with the latest target being the popular NFT platform OpenSea. The CEO of OpenSea, Devin Finzer, took to social media to express his disappointment in receiving a Wells Notice from the SEC. This notice suggests that the non-fungible tokens available on
WazirX, a popular crypto platform, is currently facing the aftermath of a $234 million hack that occurred in July. As a result, the platform has entered into an initial 30-day moratorium, awaiting a decision by Singapore’s High Court on whether to grant an extension. This move comes after rival platform CoinSwitch announced its intention to
Cardano, along with its native token ADA, faced significant challenges in the second quarter of 2024. The cryptocurrency market experienced a downturn, leading to a decline in key performance indicators for Cardano. The report by Messari highlighted various metrics that showcased the struggles of Cardano during this period. ADA’s price plummeted by 39.7% to $0.39,
In a groundbreaking move within the blockchain gaming industry, Gameplay Galaxy has successfully secured $11.17 million in a seed extension round. This significant funding round has not only elevated the company’s total valuation to $71 million but has also brought its total funding to an impressive $24 million. Co-led by Blockchain Capital and Merit Circle,
The Maker protocol, a pioneering DeFi lending platform on Ethereum, has unveiled a major rebranding to “Sky” in conjunction with significant upgrades to its decentralized stablecoin ecosystem. Along with this rebranding, the stablecoin DAI has been transformed into USDS, while the governance token MKR has transitioned to SKY. This move aims to mark a new
Meta’s recent decision to cancel the development of its next-generation mixed-reality headset has sent shockwaves through the tech community. The once highly anticipated device, hailed as a direct competitor to Apple’s Vision Pro, was abruptly thrown under the bus during a product review meeting led by CEO Mark Zuckerberg and other executives. The high costs
Sony Blockchain Solutions Labs, in collaboration with Startale labs, has unveiled their latest project – a blockchain platform named Soneium. The primary objective behind Soneium is to bridge the gap between Web3 and Web2, making blockchain technology more user-friendly and accessible to the masses. This initiative aims to provide a solution that is not only
Ryan Salame, a former FTX executive, is currently entangled in a legal battle with the US government over his guilty plea. He claims that his plea was based on false promises from prosecutors regarding their investigation into his partner Michelle Bond. However, the US Attorney’s Office has vehemently opposed Salame’s allegations, calling them “demonstrably false”