According to two reliable sources, FTX, the closed cryptocurrency exchange, is planning to sell off the rest of its Solana (SOL) tokens through an auction. According to sources speaking with Bloomberg, a “blind bidding process” will take place this week with an April 24 cut-off. The outcome is scheduled to be disclosed on April 25. … Read more
Nigeria’s central bank refutes unfounded reports spread by cryptocurrency news outlets. Contrary to the rumors, the bank has not instructed local banks to block accounts linked to unauthorized crypto exchange platforms. The Central Bank of Nigeria (CBN) has denied issuing orders for local banks to freeze accounts connected to unauthorized cryptocurrency exchanges, contrary to recent … Read more
XRP, which is the native digital currency of the Ripple platform and ranks among the oldest blockchain networks’ top 10 crypto assets, has experienced poor performance over the past five years. Despite this distinction, its value has lagged significantly since it peaked at over $3 in early 2018 during the all-time high of the cryptocurrency … Read more
Polymarket publicly acknowledges and regret the unfortunate “retardio” episode caused by an intern’s inappropriate use of language. They offer their sincere apologies. Polymarket, a decentralized prediction market where people can wager on global events, is facing controversy following a series of questionable posts published by an intern on X. These posts have raised concerns due … Read more
The US regulatory authorities are aiming to impose a penalty of $5.3 billion on Terraform Labs and its founder, Do Kwon, in the wake of a court decision in a civil lawsuit against them. Based on a court filing made on April 19, 2023 with the Southern District of New York, the Securities and Exchange … Read more