Tag Archives: social

The Securities and Exchange Commission alleged that some of the largest altcoins, such as ADA, MATIC, and SOL, are unregistered securities. Most assets slumped in value shortly after the allegations went out. Now, though, the organizations between the blockchains and the tokens have published official statements to refute the SEC’s claims. Polygon Responds MATIC traded at $0.9 last week, just a few days before the SEC went after Binance and Coinbase, alleging in the lawsuits...

Arbitrum has managed to rake in a significant market share as demand for Ethereum rollups soars. According to data shared by CoinShares, Arbitrum remains the top destination for capital flows away from Ethereum, among other protocols as well as layer 2s. As of May-end, the network attracted capital worth $4 billion. Closely following Arbitrum is Polygon raking in capital worth $3 billion, followed by Optimism with $983 million, and dYdX with $342 million, the stats revealed....

Albeit in a more modest fashion than the alts, bitcoin slumped hard yesterday by almost a grand before experiencing more volatility throughout the day. Most alternative coins, though, plummeted hard by double digits. The past 24 hours have been more positive as ADA, SOL, SHIB, and many others have managed to bounce off. Alts’ Rollercoaster It’s safe to say that the recent allegations made by the US Securities and Exchange Commission that many cryptocurrencies could actually...

The altcoin market is under fire. Major cryptocurrencies like Solana (SOL), Polygon (MATIC), Cardano (ADA), and many others – are plummeting in value. The heatmap below is pretty indicative of the troubles that the market is going through. It also reveals that investors are anything but confident right now. Source: Coin360While it’s anyone’s guess why exactly that might be, two things happened in the past few days that might provide some sort of an explanation. SEC Names 13...

John Forsyth, a Missouri emergency room doctor, crypto advocate, and co-founder of crypto project Onfo (ONFO), was recently found dead in northwest Arkansas after being reported missing for over a week. The 49-year-old man was last heard from on May 21 through text messages with his fiancée. Authorities told the deceased’s brother Richard Forsyth that John’s corpse was found on Tuesday. ONFO Coin Co-Creator Mysteriously Found Dead The Forsyth brothers created the ONFO coin in...

Meme coins have had a long-lasting impact on the cryptocurrency market as they’ve been cemented into the crypto culture and become an inseparable part of the industry. It all seemingly started with the pioneer Dogecoin (DOGE) back in 2013 when Jackson Palmer and Billy Marcus launched the protocol, giving birth to a subsection of crypto that would be amongst the most explosive ones. PEPE coin seems to be the latest considerable iteration of the meme coin trend, and it also...

The non-custodial decentralized crypto wallet Atomic Wallet – with a reported user base of over five million customers – said some of its users complained about having their digital assets drained. Later reports suggested that numerous users had six figures worth of crypto wiped out, while the largest victim lost nearly $3 million worth of Tether (USDT). The team behind the wallet took it to Twitter yesterday to inform that some users complained about having their accounts...

Bitcoin has remained stuck during the weekend amid the lower trading volumes but still stands above $27,000. The altcoins are also quiet on a daily scale, but several – such as LDO, INJ, and QNT, have produced massive weekly gains. BTC Flat at $27K It was less than a week ago, on Monday when the primary cryptocurrency initiated a massive leg-up that resulted in tapping a three-week high at $28,500. This came after the initial deal reached by the US government in regard to the...

This year, Ethereum’s network officially transitioned to a Proof-of-Stake consensus algorithm, leaving Proof-of-Work forever behind. One of the multiple implications The Merge has had on the protocol is that there are no longer Ethereum miners. Validators secure the network now, and the path to becoming one is supposed to be tremendously simplified – deposit 32 ETH to the staking contract and run the appropriate software. But it turns out that there’s quite a queue for...

Artificial intelligence (AI) continues to be a booming topic amongst tech aficionados and beyond. We’ve had our fair share of articles where we talk to ChatGPT – arguably the most popular AI-based chatbot – on various topics. These include: The list goes on. For this one, we decided to have another conversation but this time on a more general topic. We asked ChatGPT: how will AI impact our lives by 2030? 6 Ways AI Will Impact Our Lives by 2030 ChatGPT didn’t shy away with an...