On Friday, Ethereum’s Beacon chain encountered yet another bout of transaction finality challenges, reminiscent of the glitch experienced on May 11, 2023. For over an hour, the blockchain stopped the process of finalizing blocks. However, Superphiz, an Ethereum developer, emphasized that despite this setback, “No transactions were halted” and the incident had “zero impact on chain activity.” Developers Insist Ethereum’s…
The creditors will receive a monetary equivalent of the value of their lost crypto assets as of April 15, 2019. Source: https://cointelegraph.com/app/public/index.php/news/quadrigacx-creditors-set-to-receive-13-of-their-claims-as-an-interim-dividend
Bitcoin traders line up “safe” support levels, but order book data makes one observer uneasy about the future. Source: https://cointelegraph.com/app/public/index.php/news/btc-price-bounces-at-25-8k-lows-amid-warning-over-low-whale-interest
Jump Trading and its CEO Kanav Kariya are accused of violating United States regulations and unjust enrichment in the lawsuit. Source: https://cointelegraph.com/app/public/index.php/news/jump-trading-faces-lawsuit-over-alleged-1-3b-profit-from-terrausd
Fan token platform Socios, which is owned by the blockchain startup Chiliz, is branching out from its primary sports focus to incorporate entertainment IP—and use its existing connections with sports teams to market an upcoming film at major soccer stadiums. Ahead of the upcoming release of the animated film “Spider-Man: Across the Spider-Verse,” Socios has integrated Spider-Man-themed trivia and games…
Illustration by Mitchell Preffer for Decrypt.Despite a small midweek growth spurt on news that the U.S. Department of Labor’s inflation readings were lower than expected, Bitcoin (BTC) and Ethereum (ETH) entered the weekend with moderate losses over the last seven days. Bitcoin is down 7.9% and trades for $26,817. Even the news that the Principality of Liechtenstein will soon accept…
A lawsuit filed in a district court in Illinois details Jump Trading’s alleged involvement with Terra Labs in manipulating the price of algorithmic stablecoin TerraUSD (UST). According to court documents from May 9, the firm purchased millions of UST tokens in 2021 hoping to manipulate its value to reach $1. Plaintiff Taewoo Kim is accusing Jump and its CEO Kanav…
Despite several U.S. dollar-pegged digital tokens experiencing notable redemptions in recent months, the largest stablecoin by market valuation, tether, is on the verge of achieving its highest-ever market capitalization. With a current value of $82.84 billion, tether is a mere $433 million shy of reaching its all-time high (ATH) set on May 8, 2022. Stablecoin Tether on Brink of Record…
The latest hype around Bitcoin (BTC) Ordinals and BRC-20 tokens is unsustainable and will fade away in a matter of months, according to JAN3 CEO Samson Mow. “These guys are basically paying massive amounts of fees that go directly to Bitcoin miners, and there is no way this can be sustained,” Mow said in an exclusive interview with Cointelegraph. “They…
EY, the global accounting and professional services organization, released a long-awaited update on Friday for the creditors of Quadriga CX. The Canadian cryptocurrency exchange, which had sought bankruptcy protection in 2019 with liabilities of C$215.7 million and assets totaling around C$28 million, had left its creditors in a state of uncertainty. In the latest notice from EY, it was revealed…
