The Ethereum network has hit a significant milestone by reaching 1 million validators, with 26% of its total supply staked, highlighting the strong commitment to its proof-of-stake (PoS) consensus mechanism. However, this surge has prompted concerns from the community about potential issues related to decentralization and network congestion.
Sam Bankman-Fried, the former billionaire co-founder of the failed crypto exchange FTX, has been sentenced to 25 years in prison for defrauding customers and investors, marking a dramatic downfall for the once-celebrated “Crypto King.”
The cryptocurrency community is abuzz with excitement as the prospect of Elon Musk’s X platform rolling out payments this year gains momentum, fueling hopes for the integration of digital currencies like Dogecoin (DOGE) into the social media giant’s ecosystem.
Kelp, a stability-focused cryptocurrency initiative, introduces a unique blend of technology, on-chain data, AI, and monetary theory to offer a stabilized digital currency, aiming to address the challenges of volatility and regulatory compliance that hinder mass adoption of cryptocurrencies.
Three leading blockchain-based artificial intelligence projects, namely Fetch.ai, SingularityNET, and Ocean Protocol, have seen significant price surges following reports of discussions around merging their respective crypto tokens to develop a decentralized AI platform.
Cardano’s ecosystem has seen a notable outflow of ADA held by large-scale investors, despite the cryptocurrency’s positive technical outlook and recent breakout above its 21-day Exponential Moving Average (EMA).
A group of Republican lawmakers has formally requested the SEC Chair Gary Gensler to provide clear guidance on the regulatory stance regarding the custody of Ethereum (ETH) by Special Purpose Broker-Dealers (SPBD).
Circle has partnered with Solana to introduce its cross-chain transfer protocol (CCTP) to the Solana blockchain ecosystem. This integration will enable secure and native swapping of USDC tokens between Solana and other blockchain networks like Ethereum, Avalanche, and Cosmos.
The Philippine Securities and Exchange Commission (SEC) has obtained approval from the National Telecommunications Commission (NTC) to block access to Binance’s website and associated services nationwide, citing the exchange’s unlicensed operations in the country.
The U.S. Securities and Exchange Commission (SEC) has reportedly asked a federal judge to impose a staggering $2 billion in fines and penalties against Ripple Labs, a move that has been described as an attempt to “punish and intimidate” the blockchain firm and the wider crypto industry.
