A tokenized billion-dollar cockfighting event known as COCKFIGHTS has recently gained significant attention in the crypto market. In just a week since its launch, COCKFIGHTS has experienced a staggering 20,000% increase in value, reaching a record high of $0.2051. However, amidst this meteoric rise, concerns have been raised by experts regarding the project’s legitimacy. Many
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Elon Musk has once again made waves in the cryptocurrency market with his latest move. After rebranding Twitter as ‘X.com’, Musk’s actions have had an unexpected effect on the crypto world. In a quick and unexpected launch, the ‘X’ meme token was introduced at 4 am yesterday. Initially, the token saw a modest 500% growth
Binance France recently released its audited financial records, covering a period of 14 months from November 2021 to December 2022. The records revealed that the exchange experienced a loss of €4 million during this timeframe. The expenses incurred by Binance France amounted to a total of €14 million, which encompassed staff payroll, marketing, administrative costs,
Charlie Shrem, the founder of the now-defunct Bitcoin exchange Bitshrem, has transitioned from his troubled past to become a voice for regulatory compliance in the cryptocurrency industry. After being imprisoned eight years ago for crypto violations, Shrem has emerged as a general partner at Druid Ventures, an early-stage crypto venture capital firm that offers growth
Crypto exchange KuCoin has denied rumors of an alleged layoff plan, according to an email statement sent to CryptoSlate on July 25. The denial comes after a report by Wu Blockchain, which cited three unnamed internal employees claiming that KuCoin was planning to lay off 30% of its workforce. The report attributed the exchange’s decision
Binance Labs, the venture capital arm of cryptocurrency exchange Binance, has recently invested $10 million in Radiant Capital, a platform that provides liquidity and borrowing services for cross-chain assets. The funding will support the development of new technologies and products by Radiant, specifically focused on oracle support, collateral expansion, Ethereum mainnet deployment, cross-chain liquidations, and
Solana, a major layer-1 blockchain, has experienced a challenging two years of price action, with a significant drop of -90% since its previous all-time high in November 2021. Despite a promising start to 2023, where Solana saw a +147% increase due to its integration with Neon EVM, the recent rejection at $32.00 on July 14th
Vaulting platform Americana, in collaboration with the popular OpenSea NFT marketplace, has introduced its concierge vaulting service, allowing collectors to securely store, showcase, and sell both physical and digital assets. Recently, on July 21, Americana announced the public launch of its vaulting platform. According to the platform’s website, applications are now being accepted, and users
The decision by Nasdaq to shelve its plans for a crypto custody service has caused other US firms to reassess their own strategies in the crypto space. Citigroup, a major investment bank, is now reviewing its partnership with Swiss crypto custody software provider Metaco, following the news from Nasdaq. Additionally, State Street, a prominent US
According to Jesse Pollak, the protocols lead at Coinbase, the number of crypto and blockchain users could reach a staggering 8 billion over the next ten years. Speaking at the EthCC conference in Paris, Pollak acknowledged that while there has been rapid growth in crypto adoption in recent years, there is still a vast untapped