The Open Network (TON) Foundation, in collaboration with Alibaba Cloud, has made an exciting announcement. They plan to set up 256 servers for a performance testing event on October 31, 2023, with the aim of officially establishing the TON blockchain as the world’s fastest blockchain to earn accreditation from the Guinness World Records. This article
The Federal Open Market Committee (FOMC), during its September meeting, reaffirmed its dedication to raising interest rates. Despite this commitment, the FOMC acknowledged the complexities of the current economic environment. Inflation remains a significant concern, with many participants expressing discontent with the current levels. The committee’s efforts to combat post-pandemic inflationary pressures through aggressive rate
The U.S. Securities and Exchange Commission (SEC) has recently found an ally in the North American Securities Administrators Association (NASAA) in the ongoing legal battle against Coinbase. NASAA, a nonprofit association of securities regulators, has backed the SEC’s actions against the cryptocurrency exchange, emphasizing the prevalence of fraudsters in the industry. In this article, we
Tezos (XTZ) has been on a roller coaster ride in the past 48 hours, experiencing significant volatility and alternating between being a top gainer and a top loser in the market. However, with price action currently hovering around the 20-day moving average (20DMA), many investors are wondering if it is still a good time to
In recent days, the SBF trial has sent shockwaves through the crypto industry as testimonies revealed startling revelations about Alameda Research and its CEO, Caroline Ellison. The trial has exposed a web of fraudulent activities, financial distress, and dubious transactions that have left both investors and industry experts questioning the integrity of the company. This
With tens of thousands of altcoins in circulation, it can be overwhelming for crypto investors to identify the next potential gem that could deliver significant returns. The sheer volume of options makes it easy for investors to miss out on promising altcoins that are not on their radar. Recognizing this challenge, a Santiment analyst has
Circle, the stablecoin issuer, has recently announced its plans to mint USD Coin (USDC) directly on the Polygon network, a popular Ethereum layer-2 scaling solution. This move brings numerous benefits for users and developers, eliminating costs and delays associated with third-party bridging. In this article, we will explore the significance of this integration and its
In recent times, Tether (USDT) has witnessed a notable influx into exchanges, and this trend carries potential positive implications for Bitcoin. Data from the on-chain analytics firm Santiment reveals that the supply of USDT on exchanges has reached a value of $9.99 billion. This metric, known as “supply on exchanges,” measures the total amount of
The Financial Conduct Authority (FCA) in the United Kingdom has placed restrictions on Rebuildingsociety.com, Binance’s local partner, regarding the approval of financial promotion content from unauthorized individuals. The FCA has instructed Rebuildingsociety.com to revoke any prior approvals granted to unlicensed entities and to notify its clients that it cannot endorse content from unauthorized individuals or
Polygon (MATIC) has experienced a -6% drop in price recently, reflecting a broader market de-risking triggered by the conflict between Israel and Hamas. This decline has raised concerns among investors, leading to speculations about whether Polygon is heading towards zero. In this article, we will analyze MATIC’s recent performance and evaluate its potential for recovery
