Formfunction to Shut Down • Formfunction, the one-on-one NFT marketplace based on the Solana blockchain, announced its plans to shut down the platform amid NFT’s trading volume and prices slump. • The price of SOL token has also decreased significantly, currently hovering around $20 compared to January 2022 price of $100. • Daily unique buyers
• The Rehabilitation Trustee has extended the registration deadline for claims against Mt. Gox from March 10 to April 6, 2023. • Mt. Gox suffered a massive hack in 2014 which resulted in the loss of 850,000 BTC and declared bankruptcy shortly after. • Creditors have difficulty registering their claims due to complex and extensive
• SEC Enforcement Action on Paxos causes setbacks for BUSD Stablecoin • BUSD’s Market Capitalization Plummets from $23.49 Billion to Below $10 Billion • Binance Facing Regulatory Issues and Potential Lawsuits from US Regulators Recent SEC Action Causes Setbacks for BUSD Stablecoin The US Securities and Exchange Commission (SEC) recently took enforcement action against the
• This article looks at the Bitcoin active addresses metric, which measures daily transaction activity on the chain. • Recent data suggests that demand for Bitcoin has been returning, but the rise has been slower than what previous cycles saw at a similar stage. • The metric hasn’t moved much in recent weeks, though there
• Binance, the largest crypto exchange, is reportedly considering ending relationships with U.S.-based business partners due to tightening regulations by the Securities Exchange Commission (SEC). • SEC alleged that BUSD, a stablecoin pegged to the US dollar, is a security and sued crypto firm Paxos. • Binance CEO Changpeng Zao denied allegations of moving $400
• China is set to launch a research center for blockchain innovation. • The focus of the research will be on basic blockchain theory, key technologies, and their software and hardware. • The Chinese government has already launched e-yuan (e-CNY) across the country to promote the CBDC project. China Establishes National Blockchain Innovation Center China
• Shiba Inu has been in the headlines lately due to its upcoming Shibarium upgrade. • Recently, Whale Alerts noted several multi-billion SHIB transactions by Binance to an unknown wallet. • Despite these transfers, SHIB’s price has not been affected and is currently surrounded by hype around its Shibarium L2 scaling solution and FCF’s added
• Binance is launching a prepaid card in Brazil, in collaboration with Mastercard, which allows users to shop, pay for bills and services, and spend in the million merchants associated with the Mastercard network. • The product requires users to complete a Know Your Customer (KYC) process and present a valid national Identification Document (ID).
• Elon Musk’s influence on Dogecoin continues to be very prominent. • If Elon Musk resumed his public support for Dogecoin, the price of the meme coin could quickly reach a new all-time high. • If Musk threw his full weight behind the cryptocurrency, it could easily put the altcoin ahead of the rest of
• Bitcoin’s price has taken a hit since its all-time high in 2021, resulting in the number of bitcoin millionaires dropping significantly. • The number of wallets holding more than $1 million in BTC peaked in November 2021 and has since dropped below 25,000. • Smaller investors have been on the rise, with the number