Silvergate CEO Alan Lane and two other key executives are set to depart from their positions amid a wind-down of the once crypto-friendly bank. Lane and the firm’s chief legal officer John Bonino will depart on Aug. 15, while Antonio Martino, chief financial officer of the company, will depart on Sept. 30. In an Aug. 15 filing to the Securities […]

A new financial statement has revealed former United States President Donald Trump owns over $2.8 million in an Ethereum wallet. The statements shared on Aug. 14 by the non-profit watchdog Citizens for Responsibility and Ethics in Washington show Trump made over $4.8 million from licensing fees tied to nonfungible token (NFT) collections using his image — with Trump netting around $7.6 […]

In recent weeks, the native token of THORSwap, THOR, has experienced a surge, with its value increasing by nearly 300%. This surge has attracted attention within the crypto community, prompting an exploration of the factors contributing to THOR’s rapid growth.  THORSwap, a cross-chain decentralized exchange (DEX) aggregator built on the THORChain network, has been pivotal in driving this surge.  THORSwap […]

Federal prosecutors plan to use Caroline Ellison’s personal documents in the lawsuit against Sam Bankman-Fried.  Caroline’s personal documents reportedly prove that the FTX founder misappropriated customer funds.  The Department of Justice plans to use similar documents from former FTX executives Nishad Signh and Gary Wang.  The DOJ’s latest filing showed that Ryan Salame will not testify against his former boss […]

On Monday, August 14, the metaverse platform The Sandbox released approx. 16% of its circulating supply in a planned event. SAND, the utility token used in The Sandbox web3 ecosystem, is utilized for interaction and transactions, with a maximum supply of 3,000,000,000 SAND. The anticipated event saw 332 million SAND unlocked, equating to $129.9 million in funds. The latest unlock […]

Chiliz, the pioneering sports blockchain platform, is set to make waves once again as it teases forthcoming upgrades to its smart contracts. In a recent tweet, Chiliz unveiled its plans to enhance the functionality of its smart contracts, showcasing the company’s ongoing commitment to providing a seamless and efficient experience for its users.  Chiliz has been a trailblazer in the […]

Hedera (HBAR) has stolen the limelight by becoming the highest-gaining cryptocurrency in the past 24 hours. As investors eagerly accumulate, the token’s price exhibits a roller-coaster ride of volatility. While optimism fuels the anticipation of a price rally, caution is advised as HBAR’s Bollinger Bands cast a shadow of uncertainty over its immediate future. At the time of writing, HBAR’s […]

Layer one trading blockchain Sei Network has reached a fully diluted valuation of $1.8 billion on the initial day of token listing. On August 15, major exchanges such as Binance, Bybit and Bitget jointly listed the network’s native token (SEI). On Binance, the token opened at $0.064 apiece before surging as high as $0.48. It currently trades at $0.18 at […]

Crypto custodian Prime Trust filed for Chapter 11 bankruptcy in the United States state of Delaware on Aug. 14 after reporting shortfalls in customer funds. Prime Trust said it’s working with 25,000 to 50,000 creditors and has liabilities of up to $500 million.  Although the news of the company’s financial instability broke mid-way through August, members of the crypto community […]