Turbulence in Meme Coin Market: Bonk, Pepe, and Brett Lead Losses
In a volatile turn of events, meme coins Bonk, Pepe, and Brett have emerged as some of the biggest losers in the cryptocurrency market over the past day. Data from CoinGecko indicates that these tokens have experienced significant declines, outpacing the general downturn observed across the broader meme coin sector. Bonk (BONK), originating from the […]
SEC Clears Stacks and Hiro Systems After Lengthy Investigation
The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Stacks, a Bitcoin scaling network, and its original developer Hiro Systems. This closure, confirmed through a recent filing, marks the end of a scrutiny that began in 2021, even though Stacks contributors (formerly known as Blockstack) had claimed their token sale was SEC-qualified […]
DeFi Security Alert: Compound and Celer Websites Compromised
Compound and Celer Network, two prominent players in the decentralized finance (DeFi) and blockchain interoperability sectors, have recently suffered significant security breaches. The websites of both protocols were compromised, redirecting visitors to malicious pages designed to drain funds from connected wallets. The issue first came to light through a warning by pseudonymous on-chain sleuth ZachXBT […]
MicroStrategy’s Bold Move: 10-for-1 Stock Split Announced
MicroStrategy, a renowned player in both Bitcoin software development and enterprise analytics, has made headlines with its announcement of a 10-for-1 stock split for its class A and class B common stock. This strategic decision was revealed on Thursday, aimed at making the company’s rapidly appreciating stock more accessible to a broader audience of investors […]
Crypto.com Drama: Employee Charged in $47K Extortion Plot
Jose Luis Alonso Melchor was recently arraigned in a Malta court, facing allegations of threatening to disclose sensitive information unless he received €44,000 ($47,666) in compensation following his termination from the Singapore-based crypto exchange Crypto.com. Melchor, who held a position granting access to confidential data, allegedly violated an attachment order and unlawfully accessed company information. […]
Can Bitcoin Miners Lead the AI Revolution?
Research firm Bernstein has presented a compelling case for Bitcoin mining firms to transition into building AI data centers. These mining companies could derive up to a third of their future enterprise value from the AI sector. The report anticipates that 30%-35% of their 2025 estimated enterprise value (EV) will come from the AI vertical, […]
Telegram’s Blockchain Leap: TON Partners with Polygon
The Open Network (TON), closely linked to the well-known messaging platform Telegram, is set to unveil its first layer-2 scaling network through a collaboration with Polygon Labs. This strategic partnership is designed to connect TON with the Ethereum ecosystem, utilizing Polygon’s Chain Development Kit (CDK) and AggLayer interoperability protocol to support Ethereum Virtual Machine (EVM) […]
Justin Sun Unveils Gas-Free Stablecoin Transfers on Tron
Justin Sun, the innovative mind behind the Tron blockchain, has announced a groundbreaking development that could revolutionize how stablecoins operate on blockchain networks. In a recent flurry of posts on the social media platform X, Sun revealed that his team is crafting a new technology to enable gas-free transfers of stablecoins. According to Sun, this […]
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