Vitalik Buterin Reveals Key Fix for Celebrity-backed Meme Coins
Ethereum co-founder Vitalik Buterin reveals essential features of successful celebrity crypto projects amid debate over Iggy Azalea’s MOTHER, a recently released meme coin. Vitalik Buterin, the co-founder of Ethereum, has expressed his concerns regarding the recent influx of celebrity-backed meme currencies, emphasizing the necessity of more significant projects in the crypto sector. In the wake of […]
Binance Applauds BNB Price Hitting $700 With ATH
Binance hailed the recent spike in BNB price, as the crypto exchange’s native token surpassed the $700 mark today. The Binance Coin (BNB) price has reached an all-time high by surging past the $700 mark. The occurrence of this milestone coincides with an increase in network usage and a surge in on-chain activity. Moreover, Binance, the […]
FTX Settles with IRS Over $24B Tax Bill
FTX has settled with the IRS for $200 million instead of $24 billion, clearing a significant hurdle in its bankruptcy. As per the documents submitted to the Bankruptcy Court for the District of Delaware, FTX has agreed to settle $200 million worth of priority claims against the Internal Revenue Service (IRS). This sum is payable […]
Polygon Labs Acquires ZK builder Toposware for Unified Web3
Ethereum ecosystem contributor Polygon Labs increased its zero-knowledge investment to $1 billion by acquiring the startup Toposware. The company that created the MATIC ecosystem, Polygon Labs, has expanded its toolkit for zero-knowledge (ZK) development to include the $30 million blockchain builder Toposware. A cryptographic technique known as “zero-knowledge” enables blockchains to validate transactions while keeping […]
Ripple’s Fintech Partner Nium Cuts Valuation by 30%
Nium, a cross-border payments company, has raised $50 million in a fresh investment round, representing a 30% decrease from its prior valuation. In its most recent $50 million Series E fundraising round, funded by an unknown Southeast Asian sovereign wealth fund, Nium, a payment partner of Ripple, reduced its valuation by thirty percent. A blog […]