Author Archive: Jeremy Parkinson

Solana Rallies Following 18-Hour Outage

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

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”

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

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?

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?

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

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

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, […]
Shiba Inu Primed to Run Following Coinbase Pro Listing

Shiba Inu Primed to Run Following Coinbase Pro Listing

Key Takeaways Shiba Inu surged by more than 47% within hours after Coinbase Pro revealed it would add support for the project. If SHIB continues to benefit from the so-called “Coinbase effect,” it could be poised for further gains. Prices could aim for $0.00000911 if buying pressure accelerates. This news was brought to you by […]
Ex-CFTC Officer Becomes Partner At a16z Crypto

Ex-CFTC Officer Becomes Partner At a16z Crypto

Brian Quintenz, a former CFTC commissioner has joined the crypto investment team at Andreessen Horowitz (a16z) as an advisory partner. A16z Crypto Hires New Advisor Andreessen Horowitz (a16z) has announced a new advisory partner for its crypto investment team–Brian Quintenz, a former Commissioner for the Commodity Futures Trading Commission (CFTC). The CFTC is one of the […]