Crypto news

Federally approved digital asset securities platform Prometheum has filed a defamation lawsuit against crypto commentator Matthew Blumberg. The dispute stems from a November 6 post on X, where the critic accused the firm of operating “an illegal unregistered commodities exchange” and engaging in shady dealings with the U.S. Securities and Exchange Commission (SEC). Free Speech or Defamation? Prometheum’s complaint, filed in the New York Supreme Court, argues that Blumberg’s...

TL;DR Binance expanded support for Simon’s Cat (CAT) by including it in multiple trading programs. The token reacted to the news with a rapid price increase. The Binance-Fueled Pump The world’s biggest cryptocurrency exchange recently added further support for the meme coin launched on the BNB chain – Simon’s Cat (CAT). First, it included it in its HODLer Airdrops Portal. The program rewards BNB holders with token distributions based on historical snapshots of their...

The TRON blockchain has achieved a remarkable feat, processing $587.2 billion in USDT transfers during November 2024. This all-time high (ATH) reflects significant growth compared to $424.4 billion in September and $489.3 billion in October. TRON’s Stablecoin Boom The figure, captured by CryptoQuant analyst Maartunn, is noteworthy, considering in July 2019, the network only managed to move about $73.8 million in USDT. However, its share has increased steadily since then,...

Kingstown, St. Vincent and the Grenadines, December 17th, 2024, Chainwire MINGO, a digital wallet built on the Hedera Hashgraph network, introduces an NFT-based Programmable Digital Ticketing (PDT) system to innovate the ticketing industry. By addressing critical issues such as fraud, scalping, and resale inefficiencies, MINGO delivers a secure and transparent solution trusted by leading names in sports and entertainment. MINGO’s native token $MINGO is set to go live on Coinstore on...

[PRESS RELEASE – New York, New York, December 17th, 2024] Shardeum reaches another key milestone on its roadmap to Mainnet Shardeum, an autoscaling layer-1 blockchain ecosystem, announces the launch of Stage 4 of its Incentivized Testnet (ITN), which commenced today, Tuesday, December 17th, 2024. ITN Stage 4 will continue to test for any vulnerabilities and network issues, fully solidifying the network code ahead of Mainnet. This announcement follows the successful completion...

The Avalanche Foundation has launched its most significant network upgrade to date, Avalanche9000, introducing the Etna upgrade to its mainnet. It marks a fundamental shift in the Avalanche ecosystem by simplifying the process of launching Layer 1 blockchains, removing the complexities of the previous Subnet model. AVAX’s price remained largely unfazed despite the major overhaul. Avalanche9000: The Network Overhaul According to the official website, Etna replaces the existing...

Lido, the prominent liquid staking protocol, has announced the discontinuation of its liquid staking protocol on Polygon, marking the end of its operations over the coming months. Following extensive discussions on the DAO forum and a community vote, LDO token holders officially approved the decision to phase out Lido on Polygon. The process is set to begin shortly. Lido’s Exit from Polygon Initially launched in 2021 through a proposal by Shard Labs, Lido on Polygon faced...

[PRESS RELEASE – USA, USA, December 17th, 2024] Saga, the Layer 1 blockchain protocol to launch Layer 1s, today announced its Mainnet 2.0, setting the stage for a fundamental transformation in how the blockchain industry approaches liquidity. The growing number of independent blockchains has created unprecedented challenges for liquidity management and cross-chain operations. This major upgrade lays the foundation for the Q1 2025 launch of Saga’s Liquidity Integration Layer...

Dubai, United Arab Emirates, December 17th, 2024, Chainwire Promeet, a platform designed to empower creators to monetize content, has successfully raised $3.1M in pre-seed funding. The investment will be used to accelerate product development and solidify Promeet’s position as a leading platform for content monetization. By combining videos, photos, meetings, and live streamings—with a blockchain-based transactional layer into a single platform, Promeet offers creators the ability to easily...

Tortola, British Virgin Islands, December 17th, 2024, Chainwire According to the prediction of Ransu Salovaara, CEO of TokenBuilder and a crypto veteran since 2014, the next twelve months will be pivotal in boosting transparency for token launches and integrating AI technology into new crypto projects. Salovaara, who helped raise token sales for major names in the industry, believes 2025 will be dominated by two major trends: Fair Token Offerings (FTOs) — A push for more reasonable...