DOT ranks 8th on the list of blockchains by development activity (weekly commits). DOT’s price action has turned bullish, but the trend may change soon. Polkadot (DOT) It has long been known for its strong development activity. However, data seems to suggest that this trend may soon change. Could this recent slowdown in development have an impact on the token’s recent rally? Polkadot development activity halted Coin98 Analytics recently shared: tweet We reveal the top blockchains in terms of weekly development activity. It was surprising that DOT did not make it to the top 5 on the list. According to…
Author: Crypto Flexs
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The Cardano (ADA) price has recovered $0.38 for the first time since August 2, following an 18% gain over the past seven days.. What’s interesting is that this price increase coincides with a disclosure that may force ADA holders to sell some of their holdings. Cardano Holders Prepare to “Sell News” On Friday, August 23, Cardano founder Charles Hoskinson announced on X that the long-anticipated Chang hard fork had been postponed. According to Hoskinson, the development was necessary because some layer 1 centralized exchanges, including Binance, were not ready for the upgrade. “Binance and a few others seem to need…
According to a report from the reputable French news site TF1, Telegram founder and CEO Pavel Durov has been arrested in France and detained by agents of the French National Anti-Fraud Agency. Durov was reportedly arrested after traveling from Azerbaijan to Paris’ Le Bourget Airport with a woman and a bodyguard. The airport only serves private jets. According to reports, Durov was the subject of a search warrant by OFMIN, France’s investigative agency for combating child sexual exploitation, following a preliminary investigation. The news article noted that billionaire Durov rarely travels to Europe, possibly in an attempt to avoid being…
James Ding 23 Aug 2024 08:20 BitMEX launches SUNDOGUSDT perpetual swaps, offering traders up to 50x leverage on the new listing. Leading cryptocurrency trading platform BitMEX has announced the listing of SUNDOGUSDT, a new perpetual swap trading pair available with up to 50x leverage (see BitMEX blog). Details about the new list SUNDOGUSDT perpetual swaps began trading today at 04:00 UTC. Traders on BitMEX now have access to this new tool that allows for significant leverage, amplifying potential returns. However, this comes with increased risk. Transaction Specifications The SUNDOGUSDT pair offers up to 50x…
Top Stories of The Week Partner of ex-FTX exec hit with campaign finance charges United States authorities have charged Michelle Bond, the partner of former FTX Digital Markets co-CEO Ryan Salame, with violations of campaign finance law. In an indictment unsealed on Aug. 22 in the U.S. District Court for the Southern District of New York, U.S. Attorney Damian Williams alleged Bond and an unnamed co-conspirator illegally funded her run for the U.S. House of Representatives in 2022. Prosecutors charged Bond with conspiracy to cause unlawful campaign contributions, causing and accepting excessive campaign contributions, causing and receiving an unlawful corporate…
Top Stories of The Week Partner of ex-FTX exec hit with campaign finance charges United States authorities have charged Michelle Bond, the partner of former FTX Digital Markets co-CEO Ryan Salame, with violations of campaign finance law. In an indictment unsealed on Aug. 22 in the U.S. District Court for the Southern District of New York, U.S. Attorney Damian Williams alleged Bond and an unnamed co-conspirator illegally funded her run for the U.S. House of Representatives in 2022. Prosecutors charged Bond with conspiracy to cause unlawful campaign contributions, causing and accepting excessive campaign contributions, causing and receiving an unlawful corporate…
Recent documents filed in connection with FTX’s bankruptcy filing detail how the U.S. trustee overseeing the case and a group of creditors are opposing the bankrupt cryptocurrency exchange’s revised reorganization plan.The U.S. bankruptcy trustee outlined 10 flaws in the revised reorganization plan that FTX’s estate said a significant number of creditors approved. Most notably, it included a broad statutory exemption for many people involved in the bankruptcy, unequal repayment of creditors based on size, and the bankruptcy estate’s refusal to waive costs related to a data breach the service provider suffered last year. “Estate experts have sought millions of dollars…
Polygon’s Discord server was recently hacked. After that, the blockchain regained access to the server. One user claimed he lost money due to a security breach. Polygon, a layer-2 blockchain, announced that it had regained access to its community Discord channel just hours after being hacked on Saturday.News of the hack first broke around 9:41 a.m. GMT+3 on August 23, when a user on Twitter X reported seeing a fraudulent link being shared in the Polygon announcement channel on Discord. The network’s Chief Information Security Officer, Muddy Gupta, confirmed the breach minutes later and warned users not to click on…
Jack Anderson 23 Aug 2024 08:46 Binance announces wallet maintenance for The Open Network (TON) on August 26, 2024. Deposits and withdrawals will be suspended during the maintenance period. Binance has announced the upcoming wallet maintenance for The Open Network (TON), scheduled to begin on August 26, 2024 at 01:00 UTC. According to Binance, deposits and withdrawals on the TON network will be temporarily suspended starting from 00:55 UTC on the same day. The maintenance is expected to take approximately 2 hours. Impact on users During the maintenance period, token trading on The Open…
Semilore Faleti is a crypto writer specializing in journalism and content creation. He started out writing on a variety of topics, but Semilore soon discovered a knack for tackling the complexities and nuances of the fascinating world of blockchain and cryptocurrencies. Semilore is attracted to the efficiency of digital assets in terms of storing and transferring value. He strongly supports the adoption of cryptocurrencies, believing that they can improve the digitalization and transparency of the existing financial system. Semilore has been actively writing about cryptocurrencies for the past two years, covering many aspects of the digital asset space including blockchain,…