Blockchain Technology

The Commodity Futures Trading Commission (CFTC) has issued an order against Uniswap Labs (CRYPTO: UNI), settling charges related to illegal offerings of digital asset derivatives trading. The agency fined the Delaware-based company, operating out of New York, $175,000. Uniswap also received a...

The once-booming non-fungible token (NFT) market is facing an unprecedented crisis, with a shocking 96% of NFTs now considered “dead.” This digital extinction event comes as nearly half of NFT holders grapple with significant financial losses, casting a long shadow over the future of...

The Securities and Exchange Commission (SEC) on Wednesday issued a Wells notice to NFT marketplace OpenSea, indicating the regulatory body’s intent to sue the company, alleging that certain NFTs traded on its platform should be classified as securities. What Happened: Expressing his shock...

Liquidators for the defunct cryptocurrency hedge fund Three Arrows Capital are pursuing a claim of at least $1.3 billion against TerraForm Labs Pte., the bankrupt digital assets company co-founded by Do Kwon. The claim arises from significant losses Three Arrows suffered following the 2022...

In a harrowing incident, four men have been arrested in Kyiv, Ukraine, for allegedly kidnapping, robbing and murdering a 29-year-old foreigner. What Happened: The case, reported by the Main Directorate of the National Police (GUNP) in Kyiv on Monday, highlights the potential dangers faced by...

Blockchain technology has moved beyond its peak in the innovation hype cycle, marking a significant shift over the past two to three years, according to a new report. Global Uncertainties Shaping Innovation The past five years have been anything but normal, marked by the global COVID-19 pandemic...

Decentralized crypto exchange PancakeSwap (CRYPTO: CAKE) on Friday revealed plans to distribute 2,452,128 ZK tokens to its community through an airdrop. The announcement comes as the platform celebrates milestones on the ZKsync network (CRYPTO: ZK). At current prices, the value of the airdrop is $...

Joana Cotar, a member of the German Bundestag, criticized the government's decision to sell off Bitcoin (CRYPTO: BTC) holdings. In a letter to key government officials — Saxon State Premier Michael Kretschmer, Federal Finance Minister Christian Lindner, and Chancellor Olaf Scholz — Cotar outlines...

U.S. SEC chair Gary Gensler highlighted on Tuesday the smooth progress of Ethereum ETF filings, indicating that the final decision lies with asset managers to make full disclosures for the registration statements to go effective. Speaking at the Bloomberg Invest Summit, he said, “I don’...

In the early hours of Asian trading, Curve's (CRYPTO: CRV) token experienced a 30% drop, spurred by the automatic liquidation of some loan positions linked to the protocol’s founder, Michael Egorov. What Happened: This liquidation triggered a wave of selling activity, significantly impacting...

Roy Hui, CEO & Co-founder of LightLink, sees both similarities and stark differences between the early days of the internet and the current evolution of blockchain technology. In an interview with Benzinga, Hui acknowledged the shared initial excitement and bubbles that accompany...

Public blockchains, the technology underpinning cryptocurrencies like Bitcoin (CRYPTO: BTC), may not be mature enough to handle the demands of large financial transactions, according to a high-ranking executive at JPMorgan Chase & Co (NYSE:JPM). What Happened: Umar Farooq, CEO of JPMorgan...

Payments giant Block (NYSE:SQ) announced the company is no longer just designing cutting-edge mining chips, but also venturing into developing a complete Bitcoin (CRYPTO: BTC) mining system. What Happened: In a post on Tuesday, the firm revealed the completion of a new three-nanometer Bitcoin...

BlackRock (NYSE:BLK), the world’s largest asset manager with $10 trillion in assets under mangement, has been steadily building a multifaceted crypto strategy. What Happened: Token Terminal, a research firm specializing in digital assets, has analyzed BlackRock’s approach to digital...

In an initiative aimed at revolutionizing the Web3 landscape in the Gulf region, stc Bahrain has joined forces with Core Chain, a Layer-1 blockchain network powered by Bitcoin (CRYPTO: BTC). This partnership, announced on Thursday, is set to significantly enhance the utility of the BTC ecosystem...