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Alameda Research, a once-prominent company in the crypto trading industry, faced a devastating loss of nearly $200 million due to lax security practices within the organization. Aditya Baradwaj, a former engineer at Alameda, shed light on the company’s disregard for crucial risk management protocols in favor of rapid expansion. The consequences were dire, with account
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The Open Network Foundation (TON Foundation) recently made an exciting announcement of its participation in a Guinness World Records-approved competition. This competition aims to establish the TON blockchain as the “world’s fastest blockchain.” Scheduled for October 31, 2023, at 15:00 UTC, the public network performance test will rigorously assess the blockchain network’s reliability, scalability, and
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The world of cryptocurrencies is an ever-evolving landscape, with various contenders vying for the top spot. Among these, Bitcoin has managed to maintain its position as the most appealing cryptocurrency according to a recent research study conducted by K33. This article delves into the reasons behind Bitcoin’s dominance and the potential underperformance of Ethereum in
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The Open Network (TON) Foundation, in partnership with Alibaba Cloud, announced its plans to conduct a performance testing event for the TON blockchain on October 31, 2023. This event aims to establish the TON blockchain as the world’s fastest blockchain recognized by the Guinness World Records. The TON blockchain has experienced significant growth, witnessing a
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The Federal Open Market Committee (FOMC) recently convened to discuss the current economic landscape, and while they affirmed their commitment to higher interest rates, the meeting shed light on multiple concerns facing the economy. This article delves deeper into the key points discussed during the meeting and analyzes the potential implications for monetary policy moving
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Tezos (XTZ) has experienced significant volatility in the past 48 hours, with both substantial gains and losses. The price action has remained around the 20-day moving average (20DMA), leading investors to question whether it is too late to buy Tezos. Yesterday, the coin saw an impressive 15.8% increase, followed by a 10.72% drop overnight. Despite
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The U.S. Securities and Exchange Commission (SEC) is currently engaged in a legal battle with Coinbase, a prominent cryptocurrency exchange. While the SEC maintains that Coinbase violated securities law, the North American Securities Administrators Association (NASAA) has come forward in support of the SEC’s actions. NASAA acknowledges that cryptocurrencies themselves are not inherently fraudulent but