Blockchain

Terraform Labs (TFL) and its founder, Do Kwon, are under pressure to pay $5.3 billion in cumulative damages for fraud related to their now-defunct Terra blockchain. In a filing dated April 19, the U.S. Securities and Exchange Commission (SEC) requested that Kwon and his company be ordered to pay ~$4.2 billion in disgorgement and ~$546 million in pre-judgment interest after losing its lawsuit against the regulator on all counts earlier this month. The Largest Crypto Fine...

CoinspeakerEthereum L2 Metis Launches Sequencer Mining Metis is establishing a 20% Mining Rewards Rate (MRR) for the first year, as a way to incentivize participation in sequencer mining. Ethereum L2 Metis Launches Sequencer Mining

CoinspeakerTelegram-based Blogger Sells Username on Fragment Platform for Over $80K in TON The Telegram social network has quickly evolved into a vibrant Web3 ecosystem with more than $150M in TVL. Telegram-based Blogger Sells Username on Fragment Platform for Over $80K in TON

According to many experts, the crypto market is about to witness a surge in activities and investors. The aftermath of the bitcoin halving will be interesting, and investors will be there for it. Before the Bitcoin halving, there was much speculation about the fate of altcoins after the halving, knowing how much the Bitcoin price controls the crypto market dynamics. All that uncertainty and speculation has been put to bed now. Gradually, altcoins are beginning to...

Bitcoin halving concerns triggered the 11th consecutive week of outflows from the blockchain equities. According to data compiled by CoinShares, blockchain equities experienced $9 million in withdrawals as investors worried about halving the impact on mining companies because it can affect their profitability and, subsequently, the value of their investments in those firms. The latest halving saw the mining reward slash to 3.125 BTC. If mining becomes less profitable as a...

CoinspeakerCelo Developer cLabs Proposes Ethereum Layer 2 Chain Development Using OP Stack The deployment of the Celo Layer 2 testnet is planned for later in the summer. This will come after another round of community voting. Celo Developer cLabs Proposes Ethereum Layer 2 Chain Development Using OP Stack

Bitcoin layer 2 solution tokens have demonstrated superior performance to BTC following the highly anticipated halving of the mining reward on the blockchain. Since the event, these tokens have surged by 5% to 20%, outpacing the top crypto by market cap. Stacks (STX) Takes Center Stage According to CoinGecko data, the market cap for Bitcoin layer 2 solutions is $4.3 billion, marking a 5.6% increase in the past 24 hours. Meanwhile, the trading volume is $184 million. Stacks...

CoinspeakerShiba Inu Layer 2 Platform Shibarium Faces Technical Outage, SHIB Price Unaffected Shiba Inu developer stated that some network issues among validators led to a temporary outage and the platform is once again functioning normally. Shiba Inu Layer 2 Platform Shibarium Faces Technical Outage, SHIB Price Unaffected

CoinspeakerRobert F. Kennedy Jr. Makes Radical Proposal: Vows to Put US Budget on Blockchain The proposed system aims to curb corruption and prevent the misappropriation of funds by granting the public direct access to every budget item. Robert F. Kennedy Jr. Makes Radical Proposal: Vows to Put US Budget on Blockchain

[PRESS RELEASE – Grand Cayman, Cayman Islands, April 22nd, 2024] Alibaba Cloud, AngelHack and dWallet are among the latest supporters for the global event. Sui, the Layer 1 blockchain that offers industry-leading performance and infinite horizontal scaling, has seen funding for Sui Overflow, the first-ever global virtual hackathon focused on creating exciting products on Sui, double in recent weeks with enthusiastic supporters contributing funds. Initially set at $500k, after...