Lightning network capacity decreases while number of channels grows

The Lightning Network is a Layer-2 solution designed to address Bitcoin transactions’ scalability and speed issues. It creates off-chain payment channels that allow users to conduct transactions almost instantly and at a... Read more »

Gemini ‘razor-thin’ liquidity pushes XRP price to momentarily hit $50

A price glitch on Gemini saw the value of Ripple’s XRP rise above $1 on Aug. 10 after the crypto exchange relisted the digital asset, according to data from the exchange. Source:... Read more »

Coinbase newly launched BASE network transaction volume higher than Cardano, others

Decentralized exchanges (DEX) on Coinbase newly launched layer2 network Base had more trading volume than those on established layer1 networks like Cardano (ADA) and others less than 24 hours after it went... Read more »

Indian authorities arrest ringleaders of $120M crypto scam

Authorities in India have apprehended the perpetrators behind a multi-million dollar cryptocurrency Ponzi scheme, as reported by The Indian Express on Aug. 8. The fraud involved a cryptocurrency project known as STA... Read more »

Kenyan authorities raid Worldcoin warehouse in Nairobi under search warrant

Kenyan authorities raided a Worldcoin warehouse in Nairobi on Aug. 5 under a search warrant over concerns that the company’s data collection practices may not adhere to privacy laws in the country,... Read more »

OPNX submits bid to takeover troubled Singapore-based crypto lender Hodlnaut

Open Exchange (OPNX), a platform for crypto claims trading, has submitted an offer to take over troubled crypto lender Hodlnaut, Bloomberg reported on August 6. Hodlnaut filed for bankruptcy protection last August... Read more »

Former Celsius CEO Alex Mashinsky loses motion to dismiss civil fraud lawsuit

Alex Mashinsky failed to get the civil lawsuit brought against him by New York Attorney General Letitia James thrown out in court on August 4. A Manhattan state court judge gave the... Read more »

Matter Labs CEO dismisses Polygon Zero claims of zkSync plagiarism

Matter Labs CEO Alex Gluchowski described Polygon Zero’s allegation that zkSync copied their code without proper attribution as “unfounded, misleading, and extremely disappointing,” according to an Aug. 4 post on X, formerly... Read more »

Australia ASIC sues eToro alleging lax oversight of crypto derivatives, causing consumer losses

The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against the online trading platform eToro for allegedly violating financial regulations related to cryptocurrency derivative products, leading to two-thirds of CFD... Read more »

Meta’s AI chatbots could go live by September

Meta is expected to launch a selection of chatbots powered by artificial intelligence (AI) in the near future, the Financial Times said on July 31. The newspaper’s sources said that Meta is... Read more »
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