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Parallelized EVMs May Solve Blockchain Trilemma, But It’s Risky Business
22.3.2024
Data from Fortune Business Insights predicts that the global blockchain technology market size will reach $469.49 billion by 2030. Although the potential behind blockchain technology is huge, a number of setbacks may hamper adoption however. For instance, the “blockchain trilemma” continues to...
Taproot Wizards Postpones ‘Quantum Cats’ Mint for the Third Time Amid Technical Setbacks
2.2.2024
Technical difficulties have led Taproot Wizards to delay the minting of their “Quantum Cats” Bitcoin Ordinals collection for a third time. The team’s efforts to address unforeseen challenges and ensure a flawless minting experience have pushed back the launch date. Taproot...
Stablecoin Storm — Gemini’s GUSD Shrinks 93% Amidst Market Turbulence
3.1.2024
Over the past few years, the stablecoin market has significantly slowed, particularly since mid-2022, following the collapse of Terra’s stablecoin. Additionally, last year, the New York Department of Financial Services (NYDFS) instructed Paxos to cease the issuance of BUSD. Beyond these...
Terraform and Do Kwon’s Attempt to Dismiss Class-action Lawsuit Fails: Report
1.12.2023
Source: YouTube/Coinage Defunct blockchain protocol Terraform Labs is currently fighting legal challenges in Singapore and appears to be facing setbacks. According to a local news outlet, the creators of the algorithmic stablecoin TerraUST and its founder, Do Kwon, have had their efforts...
Coinbase Eyes Tech Talent in India as it Looks to Expand Workforce
27.11.2023
Source: Pexels US-based crypto exchange giant Coinbase is looking to expand its workforce in India despite facing regulatory setbacks for its products. The company is actively recruiting for product and technology positions, both in remote capacities and at its Bengaluru and Hyderabad locations....
Bitcoin ETF approval nearing, but brace for more setbacks: BitGo CEO
19.11.2023
In a recent interview with Bloomberg, Mike Belshe, CEO of crypto exchange BitGo, stated that the market structure needs to improve before the U.S. SEC will grant approval for Bitcoin ETFs
US Regulator to Continue Going After Crypto Entities Despite Court Setbacks — Expert
9.11.2023
The U.S. Securities and Exchange Commission is unlikely to issue clear guidelines on the application of the law against the crypto industry before its case against Ripple is finalized, an industry expert has said. The U.S. securities regulator only needs to provide “additional facts”...
Amidst Stellar & XRP setbacks, one crypto could skyrocket by 100x
24.10.2023
Stellar (XLM) and XRP upward rises appear to have come to a screeching halt as bears overcome bulls. Investors in both top altcoins have witnessed their short-lived gains diminish quickly, leaving them scratching their heads. However, there is some hope in the form of the newly launched VC Spectra...
Binance Plans to Halt EUR Withdrawals via SEPA Amid Third-Party Payment Challenges
21.8.2023
Numerous sources have indicated that Binance, the largest crypto exchange by global trading volume, has temporarily halted EUR withdrawals and deposits through SEPA due to challenges with a third-party payment facilitator. However, a post published by Binance’s customer support team at 12:21...
Canaan Cuts Bitcoin Mining Power by 2 EH/s Amid US, Kazakhstan Challenges
20.8.2023
Canaan, a leading high-performance computing firm and mining rig producer, recently disclosed hurdles set to dent its bitcoin mining activities and revenue from Q3 2023 onward. These setbacks primarily stem from diminished operational hours of their mining devices. This revelation comes hot on...
From Crypto Custodian to Court: Prime Trust Files for Bankruptcy Protection
15.8.2023
In the wake of financial upheavals and regulatory hurdles, Prime Trust, a digital currency custodian, has formally sought Chapter 11 bankruptcy protection. This move closely follows the appointment of John Guedry as the company’s overseer, bolstered by a designated committee to steer...
Tradecurve to be the leading exchange following Binance and Coinbase setbacks
3.7.2023
The U.S. Securities and Exchange Commission (SEC) is now cracking down on cryptocurrency operators, making it difficult for existing exchanges like Binance and OKX to operate in the U.S. This has created an opportunity for newer exchanges, such as Tradecurve, to take advantage of the situation...
Billionaire Winklevoss Twins in Crisis Mode as Gemini Crypto Exchange Faces Setbacks – What's Going On?
30.5.2023
Tyler and Cameron Winklevoss, the billionaire twins behind crypto exchange Gemini, are facing a series of setbacks as issues surrounding their exchange have reached new heights in recent times.
The crypto company is struggling with a shrinking market share, regulatory issues, a lawsuit by the...
Compass Mining CEO and CFO Resign Amid 'Setbacks and Disappointments'
28.6.2022
The company appointed Chief Technology Officer Paul Gosker and Chief Mining Officer Thomas Heller as interim Co-Presidents and CEOs
WEF 2022: Serious people to stay in crypto despite market setbacks, says CCI CEO Sheila Warren
23.5.2022
Sheila Warren, the CEO of Crypto Council of Innovation (CCI), shared her insights in an interview with Cointelegraph at the World Economic Forum
Binance plans to become registered UK firm despite regulatory setbacks
6.12.2021
The exchange’s CEO says it plans to expand to the U.K. in the next six to 18 months, despite being ordered by the country’s regulator to cease trading in June
Ledger CTO discusses wallet’s safety after multiple security setbacks
30.8.2020
What’s behind Ledger’s tough stint recently? Charles Guillemet, the company’s CTO, responds to all the questions and criticism
Russia set to try again with blockchain voting despite earlier setbacks
27.8.2020
Initial results appear promising for the Waves-developed e-voting system
Bitcoin and Altcoins Remain In Uptrend Despite Setbacks
3.8.2020
This past week, there was a significant upward move in bitcoin price above the USD 11,000 and USD 11,500 resistance levels. BTC even spiked above USD 12,000 before correcting lower sharply. It is currently (08:30 UTC) trading above the USD 11,000 level and it seems like the bulls are aiming...
DeFi’s Recent, Costly Setbacks Serve as Lessons for the Sector
7.5.2020
After a meteoric rise, DeFi has suffered several high-profile setbacks. The question is not about whether it will recover, but what needs to be done to ensure recovery