Blockchain

TL;DR CryptoPawCoin (CPRC) plummeted by approximately 90% in 24 hours, despite the broader crypto market’s bullish trend. The newly-launched token spiked by nearly 700% in mid-October, but faced skepticism due to its low market cap and absence from CoinMarketCap. CPRC claims to merge blockchain with animal welfare, aiming to support animal-related organizations. The recent price drop raises concerns about a potential “rug pull” scam. Despite the ongoing bullish condition of...

The chilling winds of crypto winter continue to sting projects, prompting several of them to take a hard look at downsizing or ceasing operations entirely. A decentralized content-sharing and publishing platform – LBRY – is the latest one to succumb to the market condition. The company behind the LBRY blockchain said that “there is no escaping this.” LBRY Shuts Shop In a somber announcement, LBRY weighed in on losing judgment to the federal government and said it has debts to...

Google Cloud has partnered with MultiversX to enhance their presence in the Web 3.0 space. This collaboration aims to streamline large-scale data-centric blockchain projects and enable developers to access critical data effectively. Google Cloud and blockchain infrastructure company MultiversX (formerly Elrond) have joined forces to enhance their presence in the Web 3.0 space. Google Cloud has integrated MultiversX into its platform, offering support for Web 3.0 projects. Thus, users will...

Many people across the globe are surfing the internet to understand the implications of the Bitcoin spot ETF approval and how they can maximize the benefits.  The buzz around the potential introduction of Bitcoin (BTC) into the mainstream financial sector through exchange-traded funds (ETFs) has gained the interest of everyday investors. According to insights from Google Trends, there has been an increased surge in searches related to the “spot Bitcoin ETF” for a five-year window, with the...

According to the Binance report, the crypto market saw declines across the board in Q3, as fundraising and developer activities tanked. Binance has called the third quarter of 2023 “a challenging quarter” for crypto. In its Q3 “Market Pulse” report, Binance highlighted a few drawbacks the crypto industry faced, adding insights and shedding light on the general state of the industry. The report revealed declines in the industry across several points. For instance, Binance notes that the...

LBRY announced that all of its executives, staff members, and board directors had resigned. According to LBRY’s statement, the company will now focus on addressing any remaining legal obligations before completely ceasing operations. Cryptocurrency firm LBRY has announced that it will cease operations and shut down following a legal battle with the Securities and Exchange Commission (SEC). LBRY was sued by the SEC in 2021 for allegedly conducting an unregistered securities offering by...

[PRESS RELEASE – Melbourne, Australia, October 19th, 2023] The cryptocurrency market is rapidly evolving, and at the forefront of this revolution is Hommiestoken, a project that’s set to redefine the landscape of blockchain-based utility. Hommiestoken is on a mission to empower the middle class worldwide with a comprehensive multi-utility dapp system. As the launch date approaches (scheduled for the end of November), it’s worth taking a closer look at what makes Hommiestoken...

Coinbase is looking to expand its footprint in Europe amid more crypto-friendly MiCA laws that will allow it to operate in all 27 EU states under a single license. In a major move, crypto exchange Coinbase Glonal Inc (NASDAQ: COIN) has decided that it will select Ireland as its regulatory hub in the entire EU region. Currently, Coinbase already has its presence in Ireland holding an office in Dublin since 2018. As of now, Ireland employs nearly 100 people in Ireland. Coinbase has applied...

Through Taproot Assets, Lightning Labs is bringing stablecoins to Bitcoin and Bitcoinizing traditional assets including the dollar. Bitcoin layer-2 infrastructure firm Lightning Labs has officially launched the mainnet of Taproot Assets, a protocol that supports the issuance of stablecoins and real-world assets on the Bitcoin and Lightning networks. According to an official announcement, the mainnet release will support functionality on the Bitcoin blockchain, with support for Lightning...

It was disclosed that FTX customers’ money was spent on business investments, political and charity donations, and real estate. Beleaguered cryptocurrency exchange FTX spent customer’s deposits for business investments, political contributions, charitable donations, real estate, and the buyback of shares from competitor exchange Binance. During a hearing on Wednesday at the ongoing Sam Bankman-Fried (SBF) trial, professor Peter Easton, an accounting officer hired by the US Department of...