Terraform Labs expects FTX Trading Ltd. to receive subpoenas in connection with an ongoing court case from the SEC, which sued Terraform and its former CEO in February for alleged fraud that led to the Terra/Luna token collapse. Terraform Labs, the firm behind the 2022 Terra/Luna crash, is asking the US Bankruptcy Court to serve […]
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Ethereum network revenue plummeted in Q2 2023, due to a shrinking DeFi market. Ethereum’s average daily active addresses decreased by 6%, and its inflation rate decreased by 213%, from 0.71% to -0.8%. Ethereum co-founder Vitalik Buterin proposed a method to simplify cryptocurrency wallets. Ethereum network revenue fell 33.3% year-on-year during Q2 2023. Bankless disclosed the […]
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The complaint was filed in early June this year in the Southern District of New York and says that Musk took various steps to violate financial laws in the US. Last year, a lawsuit was filed against South African businessman and billionaire Elon Musk. The lawsuit alleges that Musk took steps to manipulate the price […]
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Litecoin whales show strong LTC hoarding, as the halving event approaches. Litecoin (LTC) whales have shown an unwavering dedication to the hoarding of this cryptocurrency, especially as the highly anticipated halving event approaches. The halving may be favorable to Litecoin, as the block rewards for miners will be halved. This means that the production rate […]
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Ethereum grew in terms of market cap dominance despite volatility in the sector. Interest in betting increased and traders became bullish. Ethereum is a decentralized open-source Blockchain system that includes its own cryptocurrency, Ether. ETH functions as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts. Throughout the […]
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