Author: Lora

The price of WAVES experienced a sharp decline, falling from $2.35 to $1.80, following an announcement by cryptocurrency exchange Binance that it would no longer support the token. Waves, a blockchain network created by Ukrainian-born entrepreneur Sasha Ivanov, is facing significant pressure after Binance cited the token’s failure to meet its “high levels of standard and industry requirements” as the reason for its delisting. In the same blog post, Binance announced it would also cease trading on all spot and margin pairs for OmiseGO (OMG), Wrapped NXM (WNXM), and NEM (XEM) on June 17 at 03:00 UTC. This announcement led…

Solana validators are set to see a significant increase in their rewards following the passage of a recent governance proposal, which grants them 100% of priority fees from network transactions. The proposal was approved with a 77% majority vote late Monday, according to data from the Solana governance system. Validators play a crucial role in blockchain networks by running software to validate transactions and ensure network security. Understanding Solana’s Priority Fees In Solana, priority fees are additional charges users can pay to expedite the processing of their transactions. Previously, half of these fees were eliminated, with the remaining half going…

The crypto realm is a bustling marketplace filled with exciting opportunities. But for many, it feels like stepping into a maze – confusing, overwhelming, and sometimes even a bit scary. Despite its colossal market cap, the market hides dangers. Scams, bad actors, and the fear of losing your funds are just some of the dangers that await even the most cautious users. And finding the right info? It’s like looking for a needle in a haystack. The most frustrating part? Fees. Ever tried to swap or bridge your tokens, only to be bombarded with constant fluctuating rates? We Get It. …

A Russian court has sentenced Liliya Nurieva, an executive of the notorious Finiko crypto scam, to three years in prison. This verdict marks a significant moment in what is considered the largest crypto fraud in post-Soviet history. According to Izvestia, Nurieva, the former head of networks at Finiko, received a four-and-a-half-year sentence from the Vakhitovsky Court in Kazan on May 17. However, the court accounted for her time spent in pre-trial custody, effectively reducing her prison term. Reduced Sentence and Appeal Plans Prosecutors had initially sought a six-and-a-half-year sentence, while Nurieva faced up to 10 years before trial. She managed…

The Securities Commission Malaysia (SC), the country’s regulatory authority, has granted approval for the trading of the Worldcoin (WLD) token on digital asset exchanges recognized by the SC. This approval was announced by Malaysia-based digital business solutions provider Cuscapi, stating that its associate company MX Global received the authorization on May 9 to facilitate trading of the WLD token. In March 2022, MX Global had secured an unspecified equity investment from cryptocurrency exchange Binance. The WLD token now joins the list of permitted digital assets for trading in the country, becoming the 14th token to receive such approval. Notable tokens…

Franklin Templeton CEO Jenny Johnson, overseeing the $1.6 trillion asset management firm, expressed her enduring enthusiasm for blockchain technology and envisioned a future where exchange-traded funds (ETFs) and mutual funds would operate on the blockchain. In an interview with Bloomberg anchor David Westin, Johnson, a prominent figure in finance and the granddaughter of Franklin Templeton founder Rupert Harris Johnson, shared insights into the potential of blockchain innovation. Johnson revealed that a substantial portion of Franklin Templeton’s business, approximately $900 billion of the total $1.6 trillion in assets, is stored in mutual funds, with an additional $78 billion in private credit.…

Ripple CEO Brad Garlinghouse has voiced his belief that the United States government is actively pursuing stablecoin issuer Tether, signaling potential turbulence ahead for the cryptocurrency markets. Speaking on a recent episode of the World Class podcast on May 10, Garlinghouse asserted that it’s “clear” the U.S. government is targeting Tether, though he refrained from speculating on the specific actions the authorities might take. He described Tether’s situation as “interesting to watch” and emphasized its significance within the crypto ecosystem. “Tether is a vital part of the ecosystem,” Garlinghouse noted, expressing uncertainty about the potential repercussions of regulatory action against…

Robinhood, a leading trading platform, witnessed a remarkable surge in crypto trading volumes during the first quarter, jumping by 224% to reach $36 billion. This surge significantly contributed to the company’s transaction-based revenue, which soared by 59% year-over-year to $329 million. Notably, revenue from crypto-related activities alone experienced a substantial 232% increase, reaching $126 million, according to Robinhood’s recent report. The platform’s robust performance in crypto trading aligns with the impressive first-quarter results reported by other publicly traded crypto peers like Coinbase, reflecting the positive momentum in the crypto market. In addition to the surge in trading volumes, Robinhood revealed…

A recent report highlights that only 150,000 of the estimated 5 million French cryptocurrency holders have properly declared their assets, prompting government action. According to Clubic, a French IT magazine, the Ministry of Public Action and Accounts, alongside other national tax authorities, are gearing up to address this significant discrepancy in asset declaration. The European Central Bank estimates suggest that approximately 5 million people in France own cryptocurrencies, including Bitcoin. However, tax officials believe that there is widespread under-reporting of these assets among the populace. In response, the French government is in the process of introducing stringent new legislation aimed…

During the XRP Las Vegas conference held on May 3-4, Ripple’s Chief Technology Officer, David Schwartz, provided insights into the company’s upcoming developments, including the highly anticipated launch of a USD-backed XRP stablecoin. Schwartz disclosed details about Ripple’s integrations, including enhancements to the XRP Ledger such as automated market makers (AMM), a lending protocol, and the introduction of a Ripple stablecoin powered by AI. Schwartz announced that further information regarding Ripple’s stablecoin project will be unveiled at the XRPL Apex event scheduled for next month in Amsterdam. The proposed stablecoin by Ripple is designed to be fully backed by US…