Base sees record 106 TPS as total value locked crosses $10B
Base is one of two Ethereum layer 2s with a TVL above $10 billion, making considerable ground since launching in August last year.
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Bitcoin, Ether, and NFTs will ‘never become legal tender’ in India, says Finance Secretary
"You can buy gold, diamond, crypto, but that will have not have the value authorization by government," said T.V. Somanathan. 132 Total views 23 Total shares T.V. Somanathan, the finance secretary for the Indian government, is reportedly pushing back against the narrative cryptocurrencies will be widely accepted in the country — by dismissing the possibility…

Block.One Slapped With $24M Fine — Cost of Doing Business?
On Sept. 30, the United States Securities and Exchange Commission (SEC) announced that it had reached a civil settlement with EOS parent company Block.One following an investigation into violations of the SEC’s security offering regulations. The decision has sparked a new conversation around blockchain, and whether the sector’s apparent flaunting of regulations is brashness or simply…

Exoduses and Ex-Communications: Blowing Off Steemit with Andrew Levine
“Steemitans and Twitterers, after four beautiful years, I have sold Steemit to @justinsuntron. AMA tomorrow at 9am PT.”Ned Scott, ex-CEO of Steemit, is not the first crypto founder to sell to Justin Sun. He likely won’t be the last. But his now-deleted tweet rivals the most controversial blockchain announcements of recent years.“I have to say…

IRS tax bill will swipe creditors of any ‘meaningful recovery,' says FTX
FTX Trading said the firm “never earned anything anywhere near the amount” that would justify a $24 billion tax bill. A proposed $24 billion tax bill from the United State IRS will likely suck up any “meaningful recovery” that was meant for victims of FTX, according to the bankrupt crypto exchange. The United States tax authority

Investor Sues Bitstamp and Gatehub Over Millions in Missing Coins
Gatehub and Bitstamp are facing lawsuits from a Canadian investor over $4.9 million in alleged losses resulting from misleading info. 264 Total views 12 Total shares Canadian cryptocurrency investor, Salim Satir, has filed a lawsuit against cryptocurrency exchanges, Gatehub and Bitstamp, with the High Court of Justice of England and Wales over $4.9 in purported…

Bitcoin price and energy use for mining highly correlated: UN Report
A recent study conducted by the United Nations (UN) suggested a direct correlation between the price of Bitcoin (BTC) and the energy needed for mining operations.The UN scientists evaluated the activities of 76 Bitcoin mining nations during the 2020–2021 period and found that the global Bitcoin mining network consumed 173.42 Terawatt hours of electricity. During

IBM Reveals Stellar-Based ‘Near Real-Time’ Blockchain Payment Network
IBM has brought its Blockchain World Wire (BWW) payment network out of beta this week, according to a ?? post on IBM’s website.BWW, which uses digital currency on Stellar’s blockchain to facilitate international settlements between banks in “near real-time,” is the latest step forward for IBM and Stellar, which have been eyeing blockchain payment options…

XRP price tags 10-month high — Can a 35% pullback be avoided?
A U.S. regulator called Bitcoin, Ether, and Litecoin commodities in its court filing against Binance. It did not mention XRP anywhere. 759 Total views 1 Total shares Own this piece of history Collect this article as an NFTXRP (XRP) outperformed its top-ranking crypto rivals over the past 24 hours while reaching the highest price in…