News

Terraform Labs, led by new CEO Chris Amani, has shared exciting news for the Cosmos community. The company's Foundation business model aims to provide infrastructure support for all Cosmos chains, effectively reducing costs for developers.

The U.S. Bureau of Economic Analysis has released the personal consumption expenditures (PCE) inflation data for September. The data reveals that inflationary pressures continue to slowly moderate, although rates are still higher than the Federal Reserve's target of 2%.

One of the biggest banks in the US, Bank of America, has come under scrutiny after reportedly refusing to reimburse a customer who had cash stolen from an ATM. The incident gained media attention when the customer, Kyle Fischer, shared his story with local news outlets.

Sam Bankman-Fried, the founder of FTX, is currently facing charges of fraud and conspiracy. He is accused of stealing funds from FTX customers and investors and using them for personal expenses such as private jet rides and luxury apartments. In this article, we will discuss the recent testimony from Monday's court session and its impact on the defendant.

Injective (INJ) price is unbothered by the widespread consolidation, witnessed in the crypto market since Thursday, up 10% on Friday to trade at $13.15. After rallying by a whopping 547% since the start of the year, the interoperable Layer-1 blockchain powering the next generation of decentralized finance applications (DApps), is closing in on its all-time high of $24.89.

Ripple CEO Brad Garlinghouse has expressed his frustration with former SEC Chairman Jay Clayton, accusing him of hypocrisy in discussions surrounding corporate litigation and the role of the agency. Garlinghouse recalls that the lawsuit Ripple faced for nearly three years was initiated by Clayton himself.

JPMorgan's flagship cryptocurrency is now handling a staggering one billion dollars worth of transactions every day, according to the bank's global head of payments, Takis Georgakopoulos. In a recent Bloomberg interview, Georgakopoulos highlighted three major problems in the payments sector that JPMorgan aims to address.

The Solana coin has experienced significant growth in recent months, with its price surging from $17.41 to $31.99—an 84% increase since mid-September. However, the current bullish momentum is facing resistance at the $34 level due to increased selling pressure in the broader crypto market. This resistance is particularly evident as Bitcoin struggles to break past the $35,000 mark.

Former Goldman Sachs executive Raoul Pal believes that Solana (SOL) is poised for significant growth as it prepares for major developments. Pal highlights Firedancer, a new validator client for the Solana chain being developed by trading giant Jump Crypto, as a key factor in Solana's potential scalability and transaction speed improvements. Firedancer aims to increase Solana's transactions-per-second (TPS) capabilities to potentially surpass one million TPS. Pal emphasizes the impressive performance of Solana compared to other cryptocurrencies, describing it as a 'rocket ship' on the charts. He attributes this success to the efforts of the Jump trading team behind Firedancer, who are focused on building lightspeed for high-frequency trading. While there is no set launch date for Firedancer yet, Pal remains optimistic about Solana's future prospects. He suggests that Solana could potentially replicate Ethereum's bull market cycle of 2021 and become a major player in the upcoming market expansion. Pal emphasizes the importance of maximizing opportunities in the current economic climate and sees Solana as a promising investment option. Investors are advised to conduct their own research and exercise caution when investing in Bitcoin, cryptocurrency, or digital assets.

Billionaire Elon Musk is reportedly aiming to launch financial services on the social media platform X by the end of next year. Musk expects X's comprehensive financial features to roll out by the end of 2024 and compete with traditional banks.

An on-chain researcher known as ZachXBT has revealed that users of the LastPass password manager application have lost millions of dollars in cryptocurrency to threat actors. This comes after a recent hack of LastPass, which compromised dozens of crypto users in a single day.

The recent crash in the NFT market has left many artists wondering what their next steps should be. In this guide, we will explore the current state of the NFT market and provide practical advice for artists looking to navigate this challenging landscape.

Ripple CEO Brad Garlinghouse has strongly criticized former SEC Chairman Jay Clayton's comments regarding the agency's corporate regulatory stance. The SEC had been taking action against crypto exchanges and companies since the first quarter of 2023.

The Federal Reserve and New York Department of Financial Services have imposed a hefty fine on Metropolitan Commercial Bank (MCB) for breaching the Bank Secrecy Act. MCB will pay a total of $29.5 million in penalties for allowing criminals to open new accounts and misdirecting $300 million.

The Ethereum price is currently wavering at a critical juncture, indicating that a direction trend is imminent for this asset. Over the past two weeks, the Ethereum price has experienced a remarkable recovery, surging 17.8% from its local support at $15.25 to its current trading price of $1798. However, this rally seems to be facing resistance around the $1,850 level, similar to the supply pressure faced by Bitcoin. The presence of rejection candles with long wicks suggests heightened supply pressure, raising doubts about the sustainability of the ongoing recovery.

Elon Musk, the CEO of Tesla and SpaceX, recently participated in the AI Safety Summit in the United Kingdom, sparking speculations about his future ventures in the field of artificial intelligence (AI).