In a recent AMA session on X, Cardano founder Charles Hoskinson shared his thoughts on the US Securities and Exchange Commission’s (SEC) alleged preferential treatment of Ethereum. Hoskinson highlighted the Himman emails and other revelations as evidence of unequal application of regulations by the SEC. According to him, there was no corruption involved but rather
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
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
U.S. Senators Elizabeth Warren and Angus S. King, Jr. are pushing for urgent action on the implementation of recently proposed tax reporting rules for cryptocurrency brokers by the U.S. Department of the Treasury and the Internal Revenue Service (IRS). The senators have raised concerns over the two-year delay in enforcing the rules, which is estimated
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
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
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
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
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
The fifth day of the SBF trial brought to light astonishing revelations as Caroline Ellison, the CEO of Alameda Research, testified about the fraudulent practices orchestrated under the direction of Sam Bankman-Fried (SBF). Ellison confessed that she was instructed by SBF to divert billions of dollars from FTX’s customer funds, which were then used for