SafeMoon, a decentralized finance (DeFi) protocol, has released an official statement in response to the recent litigation by the United States Securities and Exchange Commission (SEC). The protocol has expressed its intent to seek a resolution regarding the charges brought against its executives. While SafeMoon takes these issues extremely seriously, the platform’s focus remains on
The U.S. Department of the Treasury, along with its Office of Foreign Assets Control (OFAC), recently imposed sanctions on a Russian businesswoman named Ekaterina Zhdanova. These sanctions were put in place due to her involvement in facilitating money laundering and fund movement for Russian elites using various methods, including virtual currency. Zhdanova utilized virtual currency
The meme coin market has experienced a resurgence in recent times, with Sponge token leading the way with its new staking mechanism. This article explores the potential of Sponge token and its attractive proposition for investors, as well as the impact of its staking rewards on the price chart. Sponge token has gained significant traction
Ripple, the blockchain technology company, has announced that its native cryptocurrency XRP has received approval under the Dubai Financial Services Authority’s (DFSA) virtual assets regime. This approval allows virtual asset firms licensed within the Dubai International Financial Centre (DIFC) area to utilize XRP. The news comes after the DFSA previously approved Bitcoin, Ethereum, Litecoin, and
The Solana price has experienced a dramatic surge recently, propelled by a spike in volatility. This bullish momentum has left some market participants astounded, while others have seized the opportunity to capitalize on the price action. As of now, SOL is trading at $40, showing sideways movement in the last 24 hours. Over the past
Polygon (MATIC), a Layer 2 (L2) blockchain network, has witnessed impressive growth in the third quarter of 2023. This article analyzes the platform’s remarkable achievements, including the significant increase in non-fungible token (NFT) sales, successful network upgrades, and the activation of a new token. During Q3 2023, Polygon experienced a staggering 131% quarter-on-quarter increase in
The Render Network, a prominent 3D content rendering platform, has recently made a significant move from the Ethereum blockchain to Solana. This strategic relocation aims to leverage Solana’s high throughput and lower transaction costs. In a recent blog post by the Render Foundation, they announced the successful implementation of an upgrade to their core infrastructure
In its recently released shareholder letter for the third quarter of 2023, leading cryptocurrency exchange Coinbase reported a decline in total revenue and net revenue compared to the previous quarter. While this may raise concerns, a deeper analysis of the company’s financials and strategic initiatives reveals both strengths and areas for improvement. Coinbase reported a
Worldcoin (WLD) has experienced a significant tumble of -6.2%, as traders hastily exit the iris biometric-linked decentralized identity token. This has left some investors questioning whether Worldcoin is headed towards zero. However, amidst this downside price action, there are signs of growing success for the controversial project. The Worldcoin crypto wallet, for example, now boasts
The crypto market is bracing itself for an influx of token unlocks in November, which will have significant implications for the market as a whole. Projects such as Aptos, Avalanche, and Hashflow are leading the way in terms of token releases, with a combined value of over $320 million. These releases will undoubtedly affect the
