Maker, a prominent DeFi lending protocol on Ethereum, has made waves in the cryptocurrency space by rebranding itself to “Sky.” Along with this rebranding, the decentralized stablecoin formerly known as DAI has been renamed to USDS, and the MKR governance token has been transformed into SKY. This strategic move aims to position Sky as an
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The recent actions taken by the US Securities and Exchange Commission (SEC) against crypto lending firm Abra have sent shockwaves through the industry. Settled charges were filed against Abra for its failure to register its crypto asset lending product, Abra Earn, as well as against Plutus Lending LLC, the owner of Abra, for operating as
Sony Blockchain Solutions Labs, a subsidiary of the Sony Group, has recently partnered with Startale Labs to introduce an innovative blockchain platform called Soneium. The primary goal of this collaboration is to bridge the gap between Web3 and Web2, aiming to make blockchain technology more accessible and user-friendly for individuals. This initiative seeks to provide
Meta’s recent cancellation of their next-generation mixed-reality headset has sent shockwaves through the tech community. The decision, made after a product review meeting led by CEO Mark Zuckerberg, has raised questions about the company’s strategic direction. The high costs associated with advanced OLED display technology were cited as a primary reason for the cancellation. This
The US government has recently responded to former FTX executive Ryan Salame’s attempt to void his guilty plea, claiming it was based on false promises from prosecutors regarding their investigation into his partner Michelle Bond. Salame, who was sentenced to 90 months in prison after admitting to campaign finance violations and operating an unlicensed money-transmitting
In recent years, France has emerged as a hotspot for crypto businesses, attracting major players such as Binance and Crypto.com to set up their European headquarters in Paris. The country’s favorable tax rates, access to a talented workforce, and innovative environment in the Web3 space have contributed to its appeal as a crypto hub. Moreover,
In the midst of Pavel Durov’s controversial arrest in France over the weekend, a wave of support has emerged from various high-profile celebrities and public figures. Notably, individuals such as Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson have all voiced their support for Durov during this challenging time. The repercussions of Durov’s
Recently, crypto analyst @XForceGlobal shared a video chart analysis focusing on Cardano (ADA), a cryptocurrency that some are currently overlooking as a “dinosaur coin.” In the analysis, XForceGlobal provided an in-depth examination of Cardano’s current position within the Elliott Wave cycle, suggesting that ADA is on the brink of entering a strong upward phase known
Cardano (ADA) enthusiasts are buzzing with excitement as the Chang hard fork draws near. The native token of the Cardano ecosystem has seen a remarkable surge of over 52% in key metrics, adding fuel to the anticipation. Intersect, a vital organization within the Cardano community, recently took to X (formerly Twitter) on August 20 to
The US Securities and Exchange Commission is pushing back against Hex founder Richard Heart’s efforts to have its $1 billion securities fraud lawsuit dismissed, asserting its jurisdiction over the case. In response to Heart’s motion to dismiss, the SEC argues that his claims fail to address the substantial allegations in the complaint and disregard important
