Decentralization

Crypto trading platform Hotbit announced it will cease operations starting May 22, urging its users to withdraw their funds before June 21, 4 a.m. UTC. Hotbit shared in a public statement that its business environment worsened following an investigation into a former team member back in August...

Crypto hardware wallet provider Ledger's update has sparked a heated debate among industry experts, with some being concerned about the potential security and privacy implications, while others are optimistic about the feature's security measures. The update allows devices to...

The Odsy Foundation has raised $7.5 million in seed funding, valuing the Odsy Network blockchain ecosystem at $250 million. Blockchange Ventures led the round, with participation from Rubik Ventures, No Limit Holdings, Node Capital, Insignius Capital, FalconX, SolrDAO, TPC, and other investment...

Robert F. Kennedy Jr., the latest presidential candidate and a member of one of the most famous U.S. political families, criticized President Joe Biden's proposed 30% tax on cryptocurrency mining, calling it a "bad idea." Kennedy believes that cryptocurrencies, such as ...

With a $2 billion valuation, the highly anticipated Layer 1 blockchain Sui (CRYPTO: SUI) debuted its mainnet on Wednesday. Sui will go up against Facebook spinoff Aptos (CRYPTO: APT) and other significant decentralized financial (DeFi) companies. The token's price is currently $1.26,...

Tether (CRYPTO: USDT) has become the leading stablecoin on the Polygon (CRYPTO: MATIC) network in the first quarter (Q1) of 2023 with a $735 million market cap, surpassing USD Coin (CRYPTO: USDC). Polygon's Q1 performance showcased consistent financial metrics, a stabilized DeFi ecosystem...

The U.S. Congress House Subcommittee on Commodity Markets, Digital Assets and Rural Development will hold a hearing to explore the "regulatory gaps" in the regulation of cryptocurrency spot markets on Thursday. The panel of witnesses comprises experts in the field,...

The collapse of FTX (CRYPTO: FTT) has been a driving force behind a fresh surge in the cryptocurrency market, according to a recent analysis by Bernstein. The report released on Monday explained how the downfall of the cryptocurrency exchange eliminated the final wave of "harmful crypto...

MetaMask, a popular Web3 wallet provider, has issued a warning to its users about rumors circulating on social media regarding an imminent AirDrop. Reports of the AirDrop have been circulating on Twitter, with some users falling for the scam. What Happened: Cryptocurrency influencers have...

By Jessica Billingsley In a now infamous study, 543 college students unknowingly agreed to give away their firstborn children in exchange for access to a new app, highlighting that truly, no one reads the terms of service without clicking.  It’s clear we need an alternative, but this has...

The Arbitrum Foundation, which is the major player in Ethereum's (CRYPTO: ETH) Layer 2 scaling landscape, announced the launch of a new token called ARB (CRYPTO: ARB). This token will be distributed to community members via an airdrop on March 23, marking the official transition of...

Alpha Sigma Capital has announced that it has partnered with Transform Ventures and its founder, Michael Terpin, to launch a new holding company called Alpha Transform Holdings.  The holding company has been formed by merging select assets from Transform Ventures and Alpha Sigma Capital's...

Twitter Inc (NYSE: TWTR) co-founder and CEO Jack Dorsey announced he was stepping down from the CEO role in November 2021. The news came with the announcement that Twitter’s Chief Technology Officer Parag Agrawal would become the new CEO of the social media platform company. Agrawal served as...

The BNB (CRYPTO: BNB) chain seeks to enhance network decentralization as well as transaction speed in their newly updated technology roadmap in competition with Ethereum’s network, as revealed Tuesday by Uri Ferruccio, BNB's executive director.  What Happened: According to...

The CEO of a sports betting platform that has entered the non-fungible token market is calling for more centralization in the cryptocurrency space. What Happened: Speaking on a Decrypt podcast, DraftKings Inc (NASDAQ: DKNG) CEO and co-founder Jason Robins called for centralization. Robins compared...