The Ethereum Foundation has faced criticism after researcher Justin Drake announced his new adviser role with EigenFoundation, which offers substantial token incentives. In a detailed post on social media recently, Drake revealed his compensation involves a significant number...
Many analysts and enthusiasts have predicted that Bitcoin will soon go on a bullish run, even though its price appears to be experiencing a setback. On May 16, Bitcoin’s price stabilized around $66,000, a 7.5% increase from the...
Bitcoin blockchain bridge XLink is set to resume operations after a $10 million security breach forced it to shut down. In a recent announcement, the project's team urged users to check that their wallets have revoked access to...
The Turkish ruling party, the AK Party, has reportedly submitted a draft bill to parliament in a bid to update the laws governing the country's cryptocurrency market. According to Reuters, the bill aligns with international standards and emphasizes...
Chinese authorities have uncovered a massive illegal underground banking network valued at $1.9 billion allegedly using cryptocurrencies in its operations to evade scrutiny after a two-year investigation, according to local reports. Authorities have arrested 193 suspects nationwide in...
ShibaSwap, a DEX linked to the Shiba Inu ecosystem, has successfully migrated to the Shibarium blockchain, a move expected to enhance its users' trading experience. According to a press release from the developers, this transition brings a host...
Ethereum Layer-2 blockchain Eclipse is undergoing a leadership change following the departure of its founder and CEO, Neel Somani, amid allegations of "sexual misconduct". Eclipse Labs announced on May 16, 2024, that Vijay Chetty would immediately assume the...
Humanity Protocol, a decentralized identity solution based on blockchain technology, has achieved unicorn status following a successful seed funding round, elevating its valuation to $1 billion. The project raised $30 million in the funding round, and according to...
Popular commentator BitQuant has predicted that Bitcoin's price could surge to as high as $95,000 "in just one move." According to BitQuant, Bitcoin's ascent to that price level is inevitable; the only uncertainty is how long it will...
In a surprising development, an anonymous core contributor to the Solana exchange's Cypher Protocol has confessed to embezzling and gambling away about $260,000 worth of the project's cryptocurrencies. The contributor, known only as "hoak," publicly confirmed the allegations...
