MakerDAO, the decentralized autonomous organization that governs the Dai (DAI) stablecoin, has passed a new proposed “constitution” intended to formalize governance processes and help prevent hostile actors from taking over the protocol, according to the official forum page for the proposal. According to the proposal’s text, a constitution is needed […]

The United States Commodity Futures Trading Commission (CFTC) has filed suit against Binance and CEO Changpeng “CZ” Zhao for trading violations, according to a Bloomberg report. The suit was filed in the U.S. District Court for the Northern District of Illinois. According to the CFTC, Binance failed to meet its […]

Polygon has released its open-source zkEVM Ethereum scaling technology to the mainnet, promising reduced transaction costs and increased throughput of smart contract deployments. Polygon’s zkEVM is a zero-knowledge rollup (ZK-rollups) scaling solution equivalent to the Ethereum Virtual Machine. ZK-rollups increase throughput on Ethereum’s blockchain by batching computations and state storage […]

In July 2022, Polygon Labs, zkSync and Scroll ZKP launched a race to build the best zero-knowledge Ethereum Virtual Machine (zkEVM). After $1 billion in funding, two external audits, and an internal audit of 26 researchers, today is the day – March 27, 2023 – when the Polygon zkEVM will […]

Dogecoin (DOGE), the world’s largest meme cryptocurrency, is set to receive a significant upgrade to make the popular blockchain more interoperable and user-friendly. Recently, Michi Lumin, a Dogecoin core developer, tweeted about the upgrade, saying that “lib-dogecoin 0.1.2” had been released. He then noted that “this is a big one”, […]

The Bitcoin Network Value to Metcalfe (NVM) ratio has hit a high of 0.75 recently. Here’s what this tells us about the current BTC market. Bitcoin NVM Ratio Has Been Riding An Uptrend Recently As pointed out by an analyst in a CryptoQuant post, the NVM ratio is currently at […]

On Sunday, March 19, the 167-year history of banking giant Credit Suisse ended with a takeover by the largest Swiss bank, UBS. Under pressure from the Swiss government, UBS took over its ailing competitor for 3 billion Swiss francs ($3.25 billion) — less than half the $8 billion market value […]

Recently, the market for cryptos has witnessed a notable shift in price movements as they surged from critical support levels. The crypto market cap has been experiencing a slight relief lately, with the aim to regain its $1.2 trillion resistance level. This positive trend has resulted in a bullish outlook, […]

Attorney John Deaton, who has been closely monitoring the SEC’s lawsuit against Ripple, recently shared his thoughts on Twitter regarding the ongoing case and its potential impact on XRP. Deaton, the Managing Partner of the Deaton Law Firm, is also the founder of CryptoLaw, a website focusing on US legal […]

Steve Hanke, a professor of Applied Economics at Johns Hopkins University, is the latest scholar to trash Bitcoin. Bitcoin Has No Fundamental Value, Says Professor In a tweet on March 26, Hanke said Bitcoin is not a currency but a speculative asset whose fundamental value is zero. He appeared to […]