Author: Ava Patel

Article written by Ava Patel

Certo Announces Launch of its Testnet: Pioneering the Future of p2p lending and Stablecoins

April 16, 2024 2 mins read

Zurich, Switzerland, April 16th, 2024 Certo is excited to announce the official launch of its highly anticipated testnet, marking a significant milestone in the development of its groundbreaking p2p lending project. Designed to revolutionize digital transactions by offering unparalleled security, transparency, and stability of funds collateralized by Real-World Assets (RWAs), Certo’s testnet is now open for community participation and feedback. Setting New Standards for Digital Currency The testnet phase is crucial

Worldcoin’s World (WLD) App hits 10 million users, boosting global crypto engagement

April 12, 2024 1 min read

The Worldcoin World App’s native wallet has amassed a user base of 10 million since its inception in May 2023. The application provides fundamental self-custodial services and is universally compatible with World ID. As of November 2023, the app has been downloaded 4 million times and is currently used by people in more than 160 countries. Additionally, it handles over 70 million transactions. The application functions as a highly secure

Mantle (MNT) hits an all-time high, signaling strong momentum in the crypto market

April 9, 2024 1 min read

Mantle (MNT) has reached a record high of over $1.50, placing it in the 28th position in the worldwide crypto market. The company’s groundbreaking rewards station, which enables customers to securely store their Mantle crypto in a vault, has generated significant interest among investors and experts. Analysts predict that Mantle has the potential to become the next very successful altcoin, with a projected growth of 100 times its current value,

The US SEC opens comment period on Ethereum ETFs by Grayscale, Fidelity, and Bitwise

April 4, 2024 1 min read

The US SEC is now taking comments on Grayscale, Fidelity, and Bitwise’s Ethereum ETF proposals, which want to be listed on the Cboe BZX and NYSE Arca markets. The agency had already approved Ethereum futures ETFs, which established a precedent for spot market-based ETFs. Grayscale and NYSE Arca contend that the strong link between the spot and futures markets for Ethereum reduces fraud risk. They question the SEC’s reasoning for

Tether buys 8,889 BTC, boosting its reserves to 75,354 BTC, now worth $5.26B

April 1, 2024 1 min read

Tether has augmented its Bitcoin holdings by acquiring an extra 8,889 bitcoins, which are now worth at $627 million. This acquisition has resulted in a total reserve of 75,354 BTC for Tether. The initiative started in September 2022 with the objective of expanding Tether’s portfolio to include assets other than conventional ones such as cash and Treasury bonds. CEO Paolo Ardoino clarifies that Tether is allocating a portion of its

KuCoin announces $10M airdrop to users amidst facing serious legal charges

March 31, 2024 1 min read

KuCoin crypto exchange has initiated a $10 million airdrop campaign for its customers amidst legal issues related to suspected illicit activities and money laundering. The U.S. Department of Justice accused the exchange and its owners, Chun Gan and Ke Tang, of engaging in an unlicensed money transfer company and breaching laws related to preventing money laundering. The Commodity Futures Trading Commission (CFTC) has accused KuCoin of engaging in unlawful commodity

SEC faces lawsuit challenging its crypto airdrop rules, seeking clearer industry guidelines

March 27, 2024 1 min read

The US Securities and Exchange Commission (SEC) is being sued in order to get clarification on the legal classification of bitcoin airdrops. The action, filed by the DeFi Education Fund (DEF) and Texas-based clothing company Beba Collection, challenges the Securities and Exchange Commission’s (SEC) ambiguous regulatory position on cryptocurrencies. Specifically, it questions the categorization of crypto airdrops as securities. The central issue in the action is to the SEC’s management

EU sets new crypto rules to boost transparency and safety for investors

March 26, 2024 1 min read

The European Securities and Markets Authority (ESMA) has finalized its first set of rules for suppliers of services related to crypto assets in accordance with the Market in Crypto Assets (MiCA) legislation. The objective of the EU’s action is to enhance transparency, guarantee the security of investors, and provide clear guidelines for laws across the EU. The study provides a comprehensive overview of the prerequisites that crypto firms must meet

MicroStrategy now holds 1% of Bitcoin after adding $623M in BTC

March 20, 2024 1 min read

MicroStrategy’s Bitcoin holdings have grown to 214,246 after the company purchased 9,245 BTC for $623 million. The company purchased Bitcoin at an average price of $67,382 apiece, with the acquisition being financed by convertible notes and additional cash. Following the US SEC’s approval of eleven Spot Bitcoin exchange-traded futures (ETFs) in 2024, the value of Bitcoin surged to over $73,500, setting a new record. Additionally, MicroStrategy now own over 214,000

Coinbase removes meme coin page targeting Senator Elizabeth Warren

March 14, 2024 1 min read

Coinbase exchange removed a page offering guidance on buying a meme coin named “Elizabeth Whoren” after US Senator Elizabeth Warren, known for her critical stance on crypto. This event highlights the clash between some crypto supporters and regulators. Senator Warren has openly criticized the crypto world, urging for tighter control to address its risks. As a result, some individuals within the crypto community developed meme coin tokens primarily for satirical

The Dencun upgrade, the biggest Ethereum update ever is now live on the Ethereum mainnet

March 13, 2024 1 min read

The Dencun upgrade, the biggest Ethereum update, has been enabled on the Ethereum mainnet. The upgrade uses EIP-4844, also known as Proto-Danksharding, to build a dedicated data channel on Ethereum for layer-2 data, drastically lowering transaction costs on rollups. In addition, Dencun also releases nine Ethereum Improvement Proposals (EIPs), tying it for the most upgrades released in a single hard fork. Following Dencun, the Ethereum foundation team stated that most

Shiba Inu surges by over 62% as burn rate increased by over 22,000% in just 24 hours

March 10, 2024 1 min read

Shiba Inu (SHIB) meme coin has seen a huge spike in price and burn rate, resulting in a devoted group known as the Shiba Army. The jump is linked to over 22,432% increase in the burn rate over 24 hours, which sent 14 billion SHIB tokens to a “dead wallet,” essentially removing them from circulation. Furthermore, this drop in supply is seen as a trigger for long-term price rise, following