SpaceX, the aerospace company founded by tech mogul Elon Musk, reportedly took a significant step in reshaping its financial portfolio by recording a write-down of $373 million on its Bitcoin holdings in the past two years.  According to a report from The Wall Street Journal, the company not only acknowledged the devaluation of its Bitcoin assets but also indicated the […]

A crypto whale holding massive amounts of Ether (ETH) sold $41 million worth of the asset a few days before the market crashed, avoiding a potential $5-million loss.  The trade was flagged by the blockchain analysis platform Lookonchain, which follows and shares what it considers to be smart trades. On Aug. 18, the crypto whale deposited 22,341 ETH on the […]

Shibarium, the Layer-2 blockchain of the Shiba Inu ecosystem, has recommenced its block production after a brief suspension that lasted almost a day. The mainnet for Shibarium, which is a fork of Polygon, went live on 16 August 2023: According to the Shibarium block explorer BlockScout, the Shibarium network has now resumed block production. Yesterday, Shytoshi Kusama, Shiba Inu’s lead […]

David Ferrucci, the artificial intelligence (AI) researcher who led the team behind IBM Watson’s development — the question-answering supercomputer developed by IBM — has raised nearly $60 million for his Elemental Cognition AI startup. According to a submission on Aug. 17, the company has finalized equity sales amounting to $59.95 million from 17 investors, with additional plans to secure $5.75 million in […]

Judge Analisa Torres has approved the U.S. Securities and Exchange Commission’s (SEC) request to leave for an interlocutory appeal in its case against Ripple. This decision concerns the July 13 ruling that states XRP sales on secondary exchanges are not investment contracts. XRP vs SEC Lawsuit: Unfolding Timelines After reviewing the arguments from both Ripple Labs and the SEC, Judge […]

Ethereum price declined heavily below $1,800 and $1,700 against the US Dollar. ETH could resume its decline and test the $1,500 support zone. Ethereum is gaining bearish momentum below the $1,750 and $1,800 resistance levels. The price is trading below $1,750 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,750 on […]

Sei, a specialized trading network within the Cosmos ecosystem, has recently recorded a significant downward trend.  Notably, on a day rife with anticipation, the price of Sei plunged by more than 20%, plummeting from its initial spike above $0.28 to somewhere below $0.18. This decline coincided with the Sei Foundation’s decision to open airdrop claims, arguing free tokens are often […]

Tether, the largest stablecoin issuer, announced it would stop supporting several smaller blockchain protocols over the coming year. This move reflects Tether’s migration toward larger networks like Ethereum and Tron. Specifically, Tether will cease issuing and interacting with the dollar-pegged USDT token on Omni, Kusama, and Bitcoin Cash by August 17th, 2022. Omni is a protocol layered on Bitcoin that […]