Author: James Wilson
Justin Sun’s first JST-stablecoin on the TRX ecosystem, USDJ, will formally end its services at the end of August. Here’s what we know so far about the permanent wind-down. In a recent post, the JUST DAO reminded holders to migrate… Source link
The United States Securities and Exchange Commission has finalized a settlement with the founder of MyConstant, ordering him to pay over $10 million in penalties and restitution for misusing investor funds and making false claims about his platform’s crypto lending services. Summary MyConstant founder Huynh Tran Quang Duy will pay over $10 million for misusing investor funds. Huynh used $11.9 million in investor funds to buy TerraUSD, losing nearly $8 million when the stablecoin collapsed. MyConstant ceased operations in 2022; the SEC settlement includes disgorgement and other restrictions. What is MyConstant? MyConstant was a peer-to-peer lending platform that operated under…
Welcome back to yet another informative article on cryptocurrency investments. This article shall primarily deal with Solana Token. Read further to get complete information on the subject matter of Solana in detail. Summary (TL;DR) Solana is a fourth-generation blockchain and open-source network that helps developers and institutions in building decentralized apps. Solana networ’s native token SOL is used for various purposes such as micropayment and staking. SOL tokens can be purchased on various cryptocurrency exchange platforms such as Coinbase, Huobi Global, WazirX, Bitfinex, Gate.io, etc. Decentralized exchange platforms such as Simpleswap also support SOL, and it is also available on swap platforms SwapSpace and…
Changpeng “CZ” Zhao has asked a U.S. bankruptcy court to dismiss FTX’s $1.76 billion clawback lawsuit, claiming the court lacks jurisdiction over a foreign resident involved in offshore transactions. Summary CZ seeks dismissal of FTX’s $1.76B clawback suit, citing lack of U.S. jurisdiction. The disputed 2021 share deal involved offshore entities and foreign transfers. Motion claims U.S. bankruptcy law doesn’t apply; ruling is still pending. The request was filed on Aug 4 in the Delaware bankruptcy court, according to a report by Bloomberg Law. The lawsuit centers on a July 2021 share repurchase deal between FTX and Binance, in which…
Stellar Lumens (XLM) is the native token of the Stellar platform. This decentralized currency has lately become the hot favourite of crypto investors. Hence, today we’ll discuss where and how you can buy XLM in India. Furthermore, this article will throw light on the pros and cons of investing in XLM cryptocurrency. Summary (TL;DR) Stellar lumens (XLM) is a native, built-in cryptocurrency of the Stellar digital financial platform. It is a digital financial network that aims to bring the entire world’s financial system on a single platform. One has to mandatorily possess some Stellar lumens tokens in the account if one wants…
Jupiter has launched the private beta of Jupiter Lend, its long-awaited decentralized lending platform built on Solana. Summary Jupiter Lend private beta went live Aug. 6 with caps, limited assets, and safety-first rollout. Offers 95% LTV, near-zero liquidation penalties, and simple yield vaults. Public launch later in August with more features, vaults, and incentives. The rollout, announced Aug. 6, is available to users who joined the early access waitlist, with a full public release scheduled later this month. Developed in partnership with decentralized finance infrastructure firm Fluid, Jupiter (JUP) Lend aims to deliver a more efficient and user-friendly lending experience…
Base, Coinbase’s Ethereum layer-2 blockchain, experienced a 33-minute network outage on Aug. 5 after a faulty sequencer transition halted block production. Summary Base’s block production paused for 33 minutes on August 5 due to a misconfigured sequencer. The outage was resolved manually, with infrastructure upgrades now underway. Other recent outages include Hyperliquid and TON, showing scalability scaling risks. A bug in Conductor, an OP (OP) Stack component that oversees Base’s high-availability sequencer cluster, was the root cause of the incident. According to a postmortem released by the Base team, the sequencer handoff mechanism chose a backup node that wasn’t fully…
The NFT gaming industry is developing and putting more and more resources into their gaming project developed for blockchain and metaverse. Sandbox is a metaverse game that is suddenly gaining popularity, and its token name is $Sand.The Sand coin suddenly jumped from 1.6$ a token to 7.08$ due to its involvement in the metaverse. Sand Market Analysis 2021 November What is Sandbox? The Sandbox is an open-world metaverse game where players can create, play and earn by playing it on the Ethereum blockchain. Initially, they had their game on android and ios platforms with a combined 40 million total downloads.…
Estimated reading time: 6 minutes In this article, we will show the steps to buy Bitcoin on WazirX. WazirX is India’s largest cryptocurrency exchange platform. Here, you can buy, sell and trade different cryptocurrencies. It even has its own coin called WRX. It is also accessible on various platforms. The WazirX app can be downloaded on both iOS and Android devices. Notably, WazirX was acquired by Binance (a cryptocurrency exchange platform) in November 2019. Use ad4e888q referral code on the WazirX exchange to get a discount on the fee. Summary WazirX is India’s largest cryptocurrency exchange platform.There are three steps…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Pepeto gains early momentum with $5.9m raised and $1b market cap projections, echoing Shiba Inu’s breakout path. Summary Pepeto raises $5.9m, aims for Binance listing at $0.000000145 presale. Experts say Pepeto could hit $1b market cap, echoing SHIB’s early trajectory. Backed by audits and utility, Pepeto targets 6,900x gains post-launch. The crypto buzz is back, with attention on giants like Bitcoin and Ethereum. Yet, away from the spotlight, a new memecoin is quietly gaining traction, and experts say Pepeto…