Author Archive: Jeremy Parkinson
What Is Terra? The Blockchain for Stablecoins Explained
Key Takeaways Terra is a Layer 1 blockchain and a payments-focused financial ecosystem powered by scalable algorithmic stablecoins. Its native token, LUNA, is the world’s 11th largest cryptocurrency, with a market capitalization of $15.6 billion. Its UST stablecoin has risen to become the fifth largest stablecoin on the market in less than a year. Terra […]
OpenSea Employee Found Insider NFT Trading
Key Takeaways Nate Chastain, Head of Product at OpenSea, has come under fire for insider trading of NFTs promoted by the platform. On-chain data suggests that Chastain used insider information to trade NFTs when they were promoted and return the profits to his public wallet. OpenSea has published a blog post that appears to confirm […]
Solana Rallies Following 18-Hour Outage
Key Takeaways Solana crashed due to a denial of service yesterday. The network is now processing blocks, but some applications in the ecosystem have not yet recovered. SOL could target $207.50 as optimism returns. The Solana Foundation reported a denial of service attack that took the blockchain down for 18 hours yesterday. Now that the […]
Solana Hit By “Intermittent Instability” Again, Arbitrum Suffers Outage
Key Takeaways Solana is experiencing “intermittent instability” for the second time in 12 days. Arbitrum also suffered a temporary outage today. Arbitrum resolved its issues after 48 minutes, while Solana’s problem appears to have endured for several hours. The Solana Foundation reported that the high-throughput blockchain was experiencing “intermittent instability” earlier today. Meanwhile, the Ethereum […]
Litecoin Creator Charlie Lee on Fake Walmart News: “This Time, We Really Screwed Up”
Key Takeaways Charlie Lee appeared on Bloomberg this afternoon to discuss a fake press release that suggested Walmart would use Litecoin. Lee denied that the Litecoin Foundation was involved in the incident and said that neither he nor the project profited from it. However, he did take responsibility for the Litecoin Foundation’s accidental role in […]
How Wyoming Became a Crypto Hub
Key Takeaways Wyoming has passed several laws that have laid the foundations for the cryptocurrency industry to flourish. The state offers tax exemptions and a welcoming regulatory climate for crypto holders and businesses. It also launched a pioneering banking charter for the sector and legally recognizes DAOs. Wyoming is fast becoming the beacon for crypto […]
What Is Going Live on Cardano After Alonzo Launches?
Key Takeaways Cardano is due to launch its Alonzo hardfork on Sep. 12, but there are questions over how the ecosystem will look once smart contracts launch. According to various sources, functional Plutus dApps such as decentralized exchanges will not be ready to go live immediately after Alonzo launches. Several projects on Cardano say that […]
Why Are NFTs Valuable?
Key Takeaways NFTs have become the status symbol of the crypto rich, with sought-after pieces selling for millions of dollars. Trading volumes and floor prices for NFTs have soared in recent months. Tokenized digital art and fine art share some similarities in the way they are valued. As NFTs sell for millions of dollars, many […]
SEC Charges Crypto Startup Rivetz With Illegal ICO Sale
Key Takeaways Digital key management company Rivetz has been charged by the SEC with operating an illegal securities offering. The defunct company ran an initial coin offering in 2017 that raised $18 million from U.S. investors and the public. Rivetz failed to deliver on its promises, while its founder spent the funds raised on personal […]
Mastercard Buys CipherTrace to Boost Crypto Monitoring
This news was brought to you by Phemex, our preferred Derivatives Partner. Mastercard has acquired CipherTrace to detect fraud, expand its crypto strategy, and drive innovation. Mastercard To Leverage CipherTrace’s Data Analytics Mastercard, one of the world’s largest card payments companies, has announced a new crypto acquisition. The firm has bought crypto analytics company CipherTrace, […]
