Social media platform Twitter is temporarily limiting the number of posts that users will be allowed to read per day, after seeing “extreme levels of data scraping and system manipulation,” according to executive chairman Elon Musk. In a July 1 post, Musk said the temporary limits will see verified accounts capped at 10,000 posts per day, while unverified and new, […]

According to “LucieShib,” a member of the official Shiba Ecosystem content marketing team, Shibarium, which is Shiba Inu’s Layer 2 scaling solution, is poised to bring about transformative changes for projects while also having a significant influence on the $BONE token, which serves as Shibarium’s gas token. The Shiba Inu cryptocurrency project, rooted in the popular Shiba Inu dog meme, […]

Binance, the world’s largest crypto exchange, has burned 2.65 billion Terra Classic (LUNC) tokens in its 11th burn round. The total LUNC tokens burned by Binance now exceed 35.5 billion, with the community’s burn surpassing 68 billion. Traders have reacted positively to the burn, with LUNC seeing a 3% price increase. Based on a transaction executed on July 1, Binance […]

Polygon has responded to the U.S. Securities and Exchange Commission’s (SEC) claim that its token is a security governed by the Securities laws. According to a June 11, 2023 tweet, Polygon has advised that its token was developed and deployed outside the United States (U.S.) and never targeted the U.S. market at any time. In its recent cases against Binance […]

A federal court ordered crypto exchange Kraken to turn over account and transaction information to the Internal Revenue Service (IRS), which said it needed that information to see if any of the exchange’s users had underreported their taxes. As per the order issued on Friday, June 30, Kraken is required to provide details of users who engaged in transactions exceeding […]

The price of XRP has tumbled significantly over the last few days, at one point being down over 12% within a single week, a time in which large cryptocurrency investors, colloquially known as whales, bought the dip, accumulating over 360 million tokens. These crypto whales, which in this case are those holding between 10 million and 100 million XRP tokens, […]

Bitcoin Depot, one of the largest cryptocurrency ATM firms in the United States, has announced the closing of a merger deal allowing the company to go public. In a June 30 announcement, fintech firm GSR II Meteora Acquisition Corporation said its stockholders had approved the merger for the firm to act as a special purpose acquisition company for Bitcoin Depot. […]

According to a June 30 report by Web3 security firm Beosin, the total value of cryptocurrencies lost in scams, hacks and rug pulls amounted to $656 million during the first half of 2023. This includes the loss of $471.43 million in 108 protocol attacks, $108 million in various phishing scams and $75.87 million over 110 rug pulls. For hacks, the […]

The crypto space has been in an uneven state around the world, with Web3 startups flourishing in the Middle East and Asia, while North American crypto entrepreneurs face challenges under tough macroeconomic and regulatory conditions, according to Animoca Brands CEO Yat Siu.  Speaking with Cointelegraph at the Collision conference in Toronto, Siu highlighted the main differences between the environment for […]