Blockchain applications are tested in practice spaces unable to simulate the full range of scenarios under which the tech is expected to perform. As such, events such as Solana’s outage will likely continue to be a feature of blockchains and their applications.
SEC Chairman Gary Gensler testified in the U.S. Senate and affirmed that the regulator has broad ambitions for bringing the crypto space in line with U.S. financial regulations.
Yesterday, a fraudulent press release announced that Walmart had partnered with Litecoin (LTC) to begin accepting payment in the crypto. LTC rose by as much as 39% on the news before paring losses in the aftermath.
Mastercard has announced its acquisition of Menlo Park-based crypto analytics and tracing firm CipherTrace. The deal signals broad ambitions for crypto by Mastercard and that its plans for the space are moving forward.
Solana (SOL), with a current market cap of roughly USD 54 billion, began the year with a capitalization of about USD 85 million. Over the past 30 days, SOL has added USD 44 billion to its market cap.
In a series of tweets Tuesday, Coinbase CEO Brian Armstrong revealed that the SEC has threatened to sue the venue if it launches its interest-bearing “Lend” product.
Attorneys working for the SEC are “seeking information about how investors use Uniswap and how it is marketed.” In an interview with the newspaper in August, SEC Chairman Gensler said DeFi projects aren’t immune to regulation.
The BTC hash rate has shown signs of sustained recovery following China’s crackdown while SegWit usage is at an all-time high. Today, we review select BTC blockchain metrics.
Smart contract assets in the Top 10 have added an aggregate USD 172 billion to their market caps over the past month while BTC dominance is at 42%, its lowest point since early June. We review key market stats.
Tether and Bitfinex have requested to block a Freedom of Information Law (FOIL) request from CoinDesk to have the New York Attorney General release “documents attesting to [USDt’s] reserve composition.”
