Coinbase to Face Shareholder Lawsuit Over SEC Risks
A New Jersey judge accepted a case against Coinbase for depicting a potential regulatory takedown. U.S. District Judge Brian Martinotti decided late on September 5, ruling that Coinbase stockholders could file a lawsuit against the cryptocurrency exchange for misrepresenting its position about the Securities and Exchange Commission’s filing of a civil complaint. The class action […]
Top Japanese Banks Test Cross-Border Stablecoin Transfers
MUFG Bank, Mizuho Financial Group, and SMBC, three of the largest financial institutions in Japan, plan to test cross-border stablecoin payments by utilizing SWIFT’s API. As part of “Project Pax,” a collaborative effort between Progmat and Datachain, three of the biggest financial institutions in Japan, Mitsubishi UFJ Financial Group, Mizuho Financial Group, and Sumitomo Mitsui […]
API3 Launches Oracle Solutions for Better DeFi Efficiency
A new wave of technologies, introduced by API3, aims to improve the speed, efficiency, and sustainability of decentralized finance. API3 enhances the DeFi infrastructure to guarantee developers’ greater performance and long-term growth. It is releasing its most recent technology, intended to enhance how DeFi protocols obtain real-world data, as per a press release. API3 is […]
Sonic SVM Plans $12.8M HyperGrid Node Sale on Solana
According to Sonic SVM, the HyperFuse Nodes are now available for purchase, making this the first node sale in the Solana ecosystem. These nodes will be essential to the multi-SVM network’s expansion and security, enabling operators to confirm state transitions and boost the ecosystem’s effectiveness, according to a press release. In order to build additional […]
Sub $50K Bitcoin correction Looms as Whales Plan to Sell
Bitcoin may face further negative pressure in the run-up to the September 18 US interest rate cut, but will it fall below $50,000 this weekend? A Bitcoin correction below the crucial $50,000 mark could happen as early as this weekend, potentially increasing downward pressure in September, which is historically a bearish month for the cryptocurrency. […]