Author: James Wilson

A US federal judge has dismissed a class-action lawsuit linked to a memecoin promoted by Caitlyn Jenner.  Summary US judge ruled Caitlyn Jenner memecoin did not qualify as security under investment contract standards. Court said investors failed to prove pooled funds or structured financial returns linked to token. Lawsuit claims involving token promotions and donations were rejected and case dismissed from federal court. The court found that the claims did not meet the legal standard required to classify the token as a security under US law. Judge Stanley Blumenfeld Jr. stated that the complaint failed to show that the token…

US Senator Elizabeth Warren has raised concerns about statements made by SEC Chair Paul Atkins regarding enforcement activity.  Summary Warren questioned SEC Chair Atkins after data showed enforcement actions dropped to lowest levels in years. SEC data release contradicted earlier testimony where Atkins said he was unsure about enforcement figures. Warren requested answers by April 28 on whether Congress was misled about enforcement activity levels. In a letter sent on Wednesday, she questioned whether his earlier testimony before Congress reflected accurate information. Warren referred to a congressional hearing held on Feb. 12. During that session, she asked Atkins about reports…

Kelp, a liquid restaking platform, reported a cyber attack on Saturday that affected its rsETH token operations.  Summary Kelp exploit targeted rsETH bridge contract, leading to $293 million loss within a short period. Stolen funds moved through Tornado Cash, with large portion converted into Ether across networks. DeFi platforms froze rsETH activity after contagion risk spread across at least nine connected protocols. The team detected unusual cross-chain activity and quickly paused smart contracts across the main network and several Layer-2 systems. The platform stated that it “investigates” the issue while assessing the full scope of the breach. Meanwhile, the exploit…

The RAVE token recorded a rapid increase in value, rising from about $0.25 to nearly $28 within a short period.  Summary RAVE token surged rapidly before crashing over 80%, raising concerns about trading activity and liquidity patterns. Binance and Bitget launched investigations following claims of insider control and unusual token movement patterns. RaveDAO denied involvement and plans token sales to fund operations while promising transparent growth strategies ahead. The surge attracted attention across the crypto market due to its speed and scale. Soon after, the token lost more than 80% of its value, leaving traders with large losses. Market data…

Ethereum Name Service (ENS) converts machine-readable addresses into human-readable addresses. Most cryptocurrencies have a public and private key. The private key is used to send crypto, while the public key is practically the address. For instance, think of a public key as a house address or email address, and if someone wants to pay, to do so, they would need public keys so that they know where to send their funds. However, the public key can’t be said aloud as it’s pretty long and a bunch of seemingly random numbers and letters. As this was a problem, two developers came…

Chainlink’s goal is to build a network whеrе data providеrs also known as oraclеs and arе financially incеntivizеd to dеlivеr truthful an’ rеliablе data to a blockchain. Thе Oraclе and which govеrns Chainlink and is a softwarе actin’ as a mеdiator and еnablin’ a two way transfеr of data bеtwееn smart contracts an’ thе rеal world.  What is Chainlink? A network of oracles that is decentralized and provides data from off-chain sources to on-chain sources and vice versa. It allows smart contracts to access real-world information that exists outside of the blockchain in a secure manner. Chainlink also tackles the…

Crypto trading involves speculation (making intelligent guesses on where the market is headed), akin to Gambling (playing poker with other traders). Yet, unlike Gambling, day trading crypto is neither as fun nor easy as just placing bets! It is stressful and tedious to manage your crypto investment, which can otherwise bounce up and down in value, every second or even thousandth of a second, without any discernible pattern. Even if a knowledgeable friend or an expert trader were to give you a tip, by the time you’ll act on it, markets would have changed, rendering it useless.  Also read, 5…

DeFi or Decentralized Finance is one of the biggest trends in the crypto market. Users can use a DeFi app to facilitate payments and other financial transactions without centralized, traditional financial institutions. DeFi started in 2018, but its massive adoption wasn’t apparent until 2021 when its asset value surpassed $100 Billion. This post will help you find all you need to know about decentralized finance with the Best DeFi Apps for 2022. Decentralized Finance Decentralized finance is rapidly becoming one of the popular concepts in the cryptocurrency world. Although the DeFi concept is relatively new, DeFi users utilize it to create a…

You’ve undoubtedly seen a Bored Ape Yacht Club (BAYC) NFT if you have spent time online, particularly on Twitter. It all started when celebrities began using BAYC NFTs as their profile photo on social media. One of the critical reasons why NFTs (Non-Fungible Token) are so popular right now is the Bored Ape Yacht Club. Here’s a brief Bored Ape Yacht Club (BAYC) Review: Founded inApril 2021FounderYuga LabsNo. of Collectables Available10,000BlockchainEthereumAvailable in MarketplaceOpenSea, Rarible What is Bored Ape Yacht Club (BAYC)? The Bored Ape Yacht Club (BAYC) is a collection of 10,000 collectable NFTs generated programmatically from 170 distinct qualities.…

The Government of Canada seems to have a reasonably favourable opinion regarding cryptocurrencies and blockchain services. As a result, the country presents an exciting chance for cryptocurrency investors and entrepreneurs. Therefore, we are prompting you to ponder the safest and most effective way to buy Cryptocurrency in Canada. Summary (TL;DR) Canada has Bitcoin ATMs, which were formed in 2013.The Government of Canada thinks of cryptocurrencies as goods that can be bought. However, it does not accept them as a legal payment method.You can buy cryptocurrencies in Canada through the exchanges that support the country like Binance, Coinsmart, Crypto.com, BitBuy, and others.The general steps…