Terraform Hit with $4.5 Billion Penalty: A Landmark Crypto Fraud Case
Category: Crypto Total Views: 88By : Editor Updated: 06-14-2024
Terraform Labs and Do Kwon Found Liable for Fraud
A jury trial concluded Terraform Labs and its founder, Do Kwon, guilty of fraud. The case exposed the breadth of the fraudulent activities and concerned crypto asset securities. An April nine-day trial ended with the jury's verdict. The defendants' lies about using the Terraform blockchain and the stability of their cryptocurrency asset, UST, were demonstrated by the evidence presented. When UST depegged from the US dollar,... Read More
Trump's Push for U.S. Bitcoin Mining Sparks Market Rally
Category: Crypto Total Views: 55By : Editor Updated: 06-13-2024
Bitcoin Mining Executives Meet with Former President Trump
Leading bitcoin mining executives met with former President Donald Trump late on Tuesday. Joining CleanSpark were CEO Zach Bradford, head of public policy Brian Morgenstern, CEO Jason Les of Riot Platforms, and CFO Salman Khan of Marathon Digital. Multiple online articles highlighted the meeting. It was mostly concerned with the prospects for bitcoin mining in the US. Trump declared his intention to have the last bitcoins ... Read More
Layer 2 Solutions: Scaling Ethereum for Mass Adoption
Category: Crypto Total Views: 241By : Editor Updated: 06-09-2024
Introduction to Layer 2 Solutions for Ethereum
Scaling Ethereum to meet the needs of mass adoption requires Layer 2 solutions. Building on Ethereum's primary blockchain, or Layer 1, these technologies enable more transactions at faster speeds and reduced costs. Through the offloading of a large portion of transaction processing to these secondary layers, Ethereum can boost throughput while preserving its security and decentralization. The range of layer 2 solutions includes ma... Read More
Crypto Day Trading: Is It Worth the Effort?
Category: Crypto Total Views: 364By : Editor Updated: 06-05-2024
Amid the breakneck pace of the digital money world, day trading has become a standout strategy among traders who want to take advantage of the highly volatile nature of the market. What this means is that cryptocurrencies are bought and sold within the same day, often within small price movements. The question still lingers - is crypto day trading worth the effort? This post will delve into the intricacies, risks, potential rewards in the business of daily transactions involving digital asset... Read More
Exploring the Role of DAO Foundation in Blockchain Ecosystems
Category: Crypto Total Views: 70By : Editor Updated: 06-04-2024
A Decentralized Autonomous Organization (DAO) Foundation is a rare entity that operates on blockchain technology. It uses smart contracts to govern the rules and regulations.
Unlike a traditional organization, the DAO Foundation follows a critical functionality that rules out centralized processes while relying on its members to initiate collective decision-making. These foundations work as a backbone to many for... Read More