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Founder of TechCrunch Claims SEC Lawsuit Against Ripple Excludes Non-Wealthy Traders
Founder of news portal TechCrunch and venture capital firm CrunchFund Michael Arrington said that by suing Ripple, the US SEC is trying to make trading available only to the rich. Michael Arrington said this during a podcast with cryptocurrency Influencer Layah Heilpern. ...
Creditors of QuadrigaCX Crypto Exchange to Receive Interim Dividend, Ernst&Young Reports
Audit firm Ernst&Young (EY) said that creditors affected by the collapse of crypto exchange QuadrigaCX will receive an interim dividend of 13% of the assets due. QuadrigaCX owes C$303.1 million (about $222.3 million) to 17,648 creditors, including Canada Post and the ...
Ethereum Foundation Releases Software Update to Address Network Failures
The Ethereum Foundation developers have released a software update for Prysm and Teku clients to prevent further network failures. Large-scale outages occurred May 11 and 12, when the Ethereum network experienced block finalization problems twice in a 24-hour period. T ...
Ethereum Network Faces Temporary Disruption, Raises Concerns About Transaction Security
Efirium's core network experienced a massive disruption that prevented transactions from being finalized for 25 minutes. Blocks were created and transactions were performed, but could be changed. Because the transaction finalizatio ...
Ethereum Blockchain Faces Major Failure, Network Stops Completing Blocks
On Friday, May 12 the Ethereum blockchain experienced a serious failure - the network stopped completing blocks. The failure lasted more than an hour and the reason is still unclear, the developers said. Transactions confirmation f ...
Crypto Analyst Warns Against Emotional Investing in Meme Tokens
Popular cryptoanalyst warned Twitter audiences against overly emotional investing in meme tokens, which could eventually devalue. Benjamin Cowen believes there are too many illiquid and simply fraudulent meme tokens on the market: "The people who create these meme- ...
European Banking Authority Calls for Central Bank Ban on Large Stablecoins
European Banking Authority (EBA) believes that central banks should impose a ban on large steblecoins if they pose a threat to the monetary policy of specific countries. It was stated by the chairman of EBA José Manuel Campa, speaking at a symposium on central banks and dig ...
Understanding the Aptos Project Staking (APT) Mechanism in Modern Blockchain Technology
Modern Tier 1 blockchain may have increased throughput compared to earlier cryptocurrencies. Let's take a closer look at how Aptos Project Steaking (APT) works. Steaking In a distributed data registry, such as blockchain, the mechanism for perfo ...
Compliance with OFAC Regulations Drops to 27% for Ethereum Transactions
According to analytics site Mevwatch.info, the percentage of Etherium blocks whose transactions comply with the Office of Foreign Assets Control (OFAC) has dropped to 27%. Transaction compliance is ensured by an open-source software module called MEV Boost. The module ...
Ripple CEO and Venture Capitalist Disagree on XRP’s Security Status
The CEO of Ripple argued with a prominent venture capitalist and entrepreneur about whether XRP can be considered a security. Brad Garlinghouse says the company has already spent about $200 million on litigation costs during its years-long fight with the U.S. Securitie ...