Solana Labs Co-founder, Anatoly Yakovenko, defended the Solana network’s accessibility during a Twitter debate from 1st to 2nd October 2023, responding to criticisms regarding the cost of running nodes. Yakovenko contrasted Solana with Ethereum, advocating for negligible costs in state creation to promote true decentralization, despite rebuttals highlighting Solana’s high node operation costs favoring corporations. […]
SBF’s Legal Team Moves to Halt Ukrainian Witness Testimony
The post SBF’s Legal Team Moves to Halt Ukrainian Witness Testimony appeared first on Coinpedia Fintech News Attorneys for Sam Bankman-Fried (SBF), the embattled crypto exchange founder, are challenging the Department of Justice’s decision to allow a Ukrainian customer to offer remote testimony at the trial. They argue that such a move could unfairly sway […]
Crypto Venture Funding Flatlines as Bear Market Deepens
Venture capital funding for crypto and web3 startups continues to dry up as the bear market blues deepen. September’s VC funding report is out, and it comes as no surprise that figures are little changed from the previous month. On October 2, industry analyst WuBlockchain released its September crypto venture capital funding report. Citing RootData […]
Bitcoin Miner Bitfarms Mines 411 BTC in September 2023
Bitfarms, a Canadian Bitcoin mining firm, mined 411 BTC in September 2023, marking a 7.3% increase from the previous month. The company sold 362 BTC, generating $9.5 million in revenue. Bitfarms has been expanding its operations, including fully energizing its Argentina facility at Rio Cuarto to 51 MW, and increasing its total operating capacity to […]
Memeinator raises over $500k less than a week after presale launch
Key takeaways The Memeinator presale launched a few days ago, and the team has raised more than $500k so far. The token’s price will increase to $0.0118 in the next presale round. Memeinator’s presale is now finally live and has attracted interest from investors. The project has already raised considerable amounts over the last few […]
Celsius seeks court approval to start repaying customers by year-end
The embattled crypto lender is seeking final court approval for a restructuring plan that will start repaying creditors before the end of 2023.
Investment insights: Is Cardano underperforming in 2023?
As we assess the potential of investments for 2023, we must examine whether Cardano (ADA) has achieved the expectations of its patrons and the wider crypto markets. To gauge if ADA has been successful, we shall analyze recent developments, partnerships, and the most influential factors driving its current state as of 2023. This combination of […]
Ethereum Price Trims Gains But Here’s Why ETH Could Start Fresh Rally
Ethereum price corrected gains from the $1,750 zone against the US dollar. ETH is holding the key $1,620 support and might start a fresh rally. Ethereum is correcting gains from the $1,755 high. The price is trading below $1,700 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line […]
Class-Action Lawsuit Targets Binance and CZ for Market Manipulation That Affected FTX
The post Class-Action Lawsuit Targets Binance and CZ for Market Manipulation That Affected FTX appeared first on Coinpedia Fintech News Binance, the leading crypto exchange, and its top executive, Changpeng Zhao, known widely as CZ, face mounting legal pressures. A California resident, Nir Lahav, brought a class-action lawsuit, alleging market manipulation strategies targeting former rival […]
Hong Kong could be a ‘tailwind’ for lagging crypto activity in Asia: Chainalysis
Recent crypto advancements in Hong Kong could provide a “potential tailwind” to lift crypto activity in the East Asian region, which has mainly suffered from a China-wide ban on trading activities since 2019. Cryptocurrency value received in East Asia amounted to just 8.8% of the world between July 2022 and June 2023, according to an […]