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NFT sales dropped from $1 billion in April to $624 million in May, with Bitcoin, Ethereum, and Solana-based digital collectibles significantly declining.

NFT sales volume tumbles 54% in May: CryptoSlam

Blockchain-based digital collectibles experienced a slowdown in May despite showing an uptick in April 2024, according to data tracker CryptoSlam. On May 31, the nonfungible token (NFT...

3 months ago

Launched in late 2024, Ocean Mining has now established an international hub and headquarters in El Salvador’s capital city, San Salvador.

Jack Dorsey-backed Bitcoin mining pool opens headquarters in El Salvador

Ocean Mining, a Bitcoin mining pool backed by Twitter (now X) co-founder Jack Dorsey, is opening a hub in BTC-friendly El Salvador to establish a global presence. On May 29, Ocean...

3 months ago

Before the KYC change, some Telegram's Wallet users did not have to provide any personal information to use the default version of the wallet.

Wallet on Telegram enforces new KYC rules, switches provider

Update May 30, 7:40 pm UTC: The article was updated to mention that before the latest KYC change, some Telegram Wallet users did not have to provide any personal information to use the ...

3 months ago

Terraform Labs and CEO Do Kwon are finalizing a settlement with the SEC. Both parties are expected to submit the final terms for court approval by mid-June.

Terraform, Do Kwon to reach fraud settlement with SEC

Terraform Labs and its former CEO, Do Kwon, have agreed in principle to settle a fraud case with the United States Securities and Exchange Commission, according to court filings.

3 months ago

Meanwhile, the Jeo Boden (BODEN) meme coin linked to Trump’s arch-rival, Joe Biden, rallied 6.4% in the first 15 minutes before dumping again.

TRUMP token recovers from nasty dip after Donald Trump guilty verdict

The largest meme coin tied to United States presidential candidate Donald Trump has recovered after plummeting 16% moments after he was found guilty on 34 felony counts for falsifying business r...

3 months ago

Senators Elizabeth Warren and William Cassidy say crypto has played an “increasingly prominent role” in the fentanyl industry.

Warren prods drug agencies about crypto links to fentanyl trade

United States Senator Elizabeth Warren is demanding an update from drug agencies about their latest findings and efforts around the use of crypto in the illicit fentanyl market. &ldquo...

3 months ago

High-profile bankruptcy cases have become a lucrative goldmine for two major law firms involved in the legal proceedings: Sullivan and Cromwell and Kirkland and Ellis.

Legal fees skyrocket in high-profile crypto bankruptcies

Cryptocurrency bankruptcy lawyers and advisers at major law firms have amassed over $700 million in fees from significant cryptocurrency bankruptcy cases. Recent years have seen severa...

3 months ago

The Ethereum layer-2 solution is leveraging Chainlink for blockchain interoperability and real-world price data.

Celo integrates Chainlink's CCIP interoperability protocol

On May 29, Ethereum layer-2 network Celo announced the integration of Chainlink’s CCIP protocol for cross-chain interoperability. Celo’s executive director, Eric Naka...

3 months ago

Trading platform Robinhood is finalizing a settlement with investors who claimed they were burned by its 2021 meme stock buy block.

Robinhood nears settlement on GameStop, meme stocks suit

Trading platform Robinhood is working to finalize a settlement with investors who sued it for halting the trading of certain meme stocks in 2021, including GameStop. In a May 28

3 months ago

In a bold move to combat crypto scams, Iggy Azalea pledges to burn her own coins, showing her commitment to building trust and integrity within the cryptocurrency community.

Iggy Azalea's anti-scam plan: Burn her own coins

Pop star and newly-minted crypto star Iggy Azalea announced she will burn her own coins whenever a celebrity coin is identified as a scam (a “rug”). Her strategy is to buil...

3 months ago