Smart contracts have been a revolutionary force in the blockchain industry because they have enabled the creation of decentralized finance protocols, nonfungible tokens and a new form of carrying out transactions without the need for an intermediary. Cardano is one of the many projects that has been gaining momentum throughout […]

Jay Clayton, the former chair of the United States Securities and Exchange Commission, has accepted an advisory role with blockchain infrastructure provider Fireblocks — marking a significant addition to a company that only recently achieved unicorn status. In joining Fireblocks’ advisory board, Clayton acknowledged that he shares the company’s view […]

Brian Quintenz, who has served as one of the commissioners with the Commodity Futures Trading Commission, or CFTC, reportedly plans to leave the agency on Aug. 31. According to a Thursday report from the Wall Street Journal, Quintenz is expected to announce his move into the private sector after leaving […]

Tether Holdings Ltd, the issuer of the largest stablecoin, Tether (USDT), reported that its total market capitalization had crossed $64 billion for the first time in history. The company called the event a “milestone,” adding that it is another indication of the cryptocurrency market’s “continued trust and confidence” in its […]

A Bitcoin (BTC) mining indicator that has preceded several major BTC price rallies is flashing again. Blockchain analytics platform Glassnode spotted a golden cross between the 30-day and 60-day moving averages of Bitcoin’s hash ribbon. In theory, such a crossover indicates that the price momentum is switching from negative to […]

Mike Novogratz’s crypto investment firm Galaxy Digital Holdings has posted a second-quarter loss of $175.8 million. The figure provides a stark contrast to the firm’s first-quarter report that booked $860 million in comprehensive net profit earlier this year. Galaxy Digital posted its financial results as of June 30 on Monday, […]

The rise of decentralized finance, or DeFi, could be paving the way toward a fully decentralized financial ecosystem. Yet, given the innovative nature of DeFi, the sector remains in constant development and is therefore prone to a number of vulnerabilities. Unsurprisingly, one of the biggest challenges currently facing the DeFi […]

The Untold Festival, scheduled to be held in Romania next month, has partnered with the Elrond network to allow concert goers to pay for their tickets in cryptocurrency. In a Tuesday announcement, Untold said that tickets for its 2021 festival could be purchased using Elrond eGold (EGLD). The festival reported […]

Jay Graber, a former software engineer for Zcash and blockchain firm Skuchain, will be leading the anticipated decentralized social media initiative first announced by Twitter in 2019. In a Twitter announcement on Monday, Graber said that they would be in charge of the Bluesky project after working closely with “a […]

Solana blockchain’s native asset, SOL, soared to a new record high on Monday. The SOL/USD exchange rate rose by 26.12% to $65.467 on the Binance exchange after traders assessed a flurry of infrastructural developments in the Solana ecosystem, including a recent $70-million crowdfund to support its blockchain-powered decentralized exchange, Mango […]