Author: Adam Stern

The third halving event is complete The Litecoin blockchain, one of the pioneers in the cryptocurrency space, recently completed its third halving event, marking a significant milestone in its journey. The halving reduced miner rewards from 12.5 LTC to 6.25 LTC. This event has sparked considerable interest and anticipation among stakeholders, leading to increased volatility in LTC prices. This article explores the implications of Litecoin’s halving and its potential impact on mass adoption and network security. Halving: A Crucial Event The halving, a pre-programmed and crucial event in the Litecoin protocol, occurs approximately every four years. It is designed to…

Binance Japan is to list several tokens In a groundbreaking announcement, Binance Japan has unveiled its plans to list 34 tokens in August, surpassing its major competitors in the Japanese market. This highly anticipated listing includes renowned cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA), as well as a significant first for Japan — Binance’s native token, Binance Coin (BNB). While this ambitious endeavor may seem like a strategic move to attract a broader audience of experienced users, it raises questions about potential risks and regulatory challenges. This article explores the implications of Binance Japan’s token listing and its…

Aave logo Recently, the decentralized finance (DeFi) ecosystem has witnessed significant growth, revolutionizing how we interact with financial services. One of the prominent platforms driving this expansion is Aave Ethereum V2, which has played a crucial role in providing users with lending and borrowing capabilities within the Ethereum network. However, amidst its success, the platform faced a potential threat due to vulnerabilities in the Curve Finance protocol. Aave Ethereum V2 has taken decisive action by turning off the CRV borrowing function to safeguard the system’s integrity and protect its users. This move is a proactive measure to prevent traders from…

UAE might soon have the biggest mining farm in the world Phoenix Technology, a UAE-based cryptocurrency mining hardware retailer, is reportedly in preliminary discussions for a potential Initial Public Offering (IPO) in Abu Dhabi. The company’s ambitious project of developing one of the largest crypto-mining facilities in the Middle East, a $2 billion crypto-mining farm, has garnered attention in the industry. With the UAE’s crypto-friendly policies and growing interest in blockchain technology, the company’s move to go public is pivotal for the global cryptocurrency industry amidst heightened market interest and regulatory scrutiny. Positive Prospects in a Crypto-Friendly Hub The UAE’s…

Binance app and a German flag In a significant development for the cryptocurrency industry, Binance, one of the world’s largest cryptocurrency exchanges, has recently withdrawn its application for a crypto license in Germany. Despite some great innovations, like implementing the Lightning Network, the exchange encounters serious problems. The move comes after reports surfaced that the German financial regulator had denied the exchange a crypto custody license. This latest setback adds to a string of challenges that Binance has faced in various countries, raising concerns about the exchange’s regulatory compliance and ability to operate in different jurisdictions. Withdrawal from European Countries…

A person using their phone to download the Binance app Binance, one of the world’s largest and most influential cryptocurrency exchanges, is currently entangled in a legal tussle with the Commodity Futures Trading Commission (CFTC). The response to the CFTC complaint is due on July 27, and it appears that the defendants are gearing up to submit motions to dismiss, to exceed the page limit on supporting briefs, citing the complexity of the case and the anticipated number of arguments. The Regulatory Quagmire One of the key accusations against Binance is the failure to register with the CFTC, which the…

A person holding his phone to access Celsius In a remarkable turn of events, Celsius Network, a renowned crypto lending platform, has reached groundbreaking agreements that pave the way for the return of assets to its valued customers and facilitate the company’s exit from bankruptcy proceedings. After months of uncertainty and speculation, Celsius’ diligent efforts have borne fruit, signaling a positive outlook for the crypto community and reaffirming the platform’s commitment to its users. Overcoming Past Challenges The journey to redemption has not been without its hurdles. In July 2022, Celsius Network was compelled to file for Ch. 11 bankruptcy…

FTX app In the wake of the FTX crypto exchange’s bankruptcy, several users have found themselves at the center of a potential phishing attack. These users received a ‘reset password’ request from the exchange’s official customer support email, [email protected], an address used before the exchange’s collapse in November. The email, which has been reviewed and verified by CoinDesk, has raised eyebrows and concerns within the crypto community. The Phishing Email Users have been receiving ‘reset password’ emails The email’s content is straightforward, asking users to reset their passwords. However, the link provided in the email doesn’t lead to the usual…

Bitfarms BTC mining farm in operation Bitfarms Ltd., a prominent global Bitcoin mining company, has recently made significant strides in securing renewable energy resources for its mining operations. In a strategic move to optimize global power resources and broaden its geographical presence, Bitfarms has successfully secured 150 MW of hydropower in Paraguay. This groundbreaking development establishes valuable, sustainable energy contracts and solidifies Bitfarms’ foothold in this resource-rich country. Expanding to Paraguay Paraguay has many underutilized resources and can guarantee renewable power As the next Bitcoin halving approaches, Bitfarms aims to drive growth by leveraging its farm design expertise and operational…

New day, new innovation; this time from Uniswap Uniswap, one of the leading decentralized exchanges (DEXs) in the blockchain industry, recently introduced “UniswapX,” a blockchain protocol designed to facilitate trading across automated market makers (AMMs) and other liquidity sources. The general concept brings us the following benefits:  No gas fees for swapping MEV protection No extra cost for failed transactions Gas-free cross-chain swaps (coming soon) This innovative development aims to enhance the trading experience and expand the liquidity options for users. In this article, we will delve into the potential advantages and drawbacks of UniswapX, analyzing its impact on the…