News
Helium devs propose ditching its own blockchain for Solana
The transition to Solana would improve network scalability, which in turn would bring “significant economies of scale” to the network, according to Helium core devs. Internet of Things (IoT) blockchain network Helium could transition to the Solana blockchain following...
ETH products grow in August as BTC products dip: CryptoCompare report
The upcoming Merge has contributed to a rise in Ethereum investment products and trading volume, as crypto market AUM figures continue to drop amid the bear market Ethereum investment products increased by 2.36% to $6.81 billion in assets under management (AUM)...
‘Most of crypto is still junk’ and lacks use case — JPMorgan blockchain head
JPMorgan’s Umar Farooq said that use cases haven't arisen fully and regulation hasn't yet caught up. The head of JPMorgan’s digital assets unit Umar Farooq has suggestedthat most of the crypto assets on the market are “junk” and that real crypto use cases are yet to...
18 ‘uncomfortable’ truths about nonfungible tokens
NFT analyst OKhotshot warns there are no reliable stable investments in the NFT space and most investors will lose money investing in the market. Nonfungible token (NFT) analyst and blockchain detective "OKHotshot" has highlighted his picks for 18 of the most...
Crypto will become an inflation hedge — just not yet
Crypto can act as protection against inflation, but not until it establishes its fundamentals and achieves mass adoption. In theory, Bitcoin (BTC) should serve as a hedge against inflation. It’s easy to access, its supply is predictable, and central banks cannot...
Coinbase says it will ‘evaluate any potential forks’ following the Merge
“Should an ETH PoW fork arise following The Merge, this asset will be reviewed with the same rigor as any other asset that is listed on our exchange,” said Coinbase. Cryptocurrency exchange Coinbase has updated its information related to Ethereum transitioning to...
Zipmex requests meetings with Thai regulators to discuss ‘recovery plan’
The firm stated that its potential investors will also attend the meetings, which will include Zipmex, Thailand's SEC, and government agencies. Asian crypto exchange Zipmex has requested meetings with Thailand's Securities Exchange Commission (SEC) and other...
‘Atozy you’ve won’ — Bitboy drops lawsuit after $200K defense raised
“So we are gonna drop the lawsuit, 100% and I'm sorry this became public,” said Ben Armstrong. Ben Armstrong, the man behind Bitboy Crypto said that he is dropping the defamation suit against fellow Youtube content creator Erling Mengshoel Jr., who goes by the name...
Nearly half of US adults say their crypto punts are worse than expected: Survey
It's too bad, as a majority of the crypto investors surveyed said they became interested in crypto as they thought it was a good way to make money. Amid the ongoing crypto winter, new data from a Pew Research Centre survey has shown that 46% of adult crypto users in...
Bitcoin won’t hedge inflation until it hits 1B wallets: Scaramucci
The Skybridge Capital CEO said Bitcoin needs much more proliferation before it can act as an inflation hedge. Skybridge Capital CEO Anthony Scaramucci believes that while Bitcoin continues to be an attractive asset, it has not reached the “wallet bandwidth” that is...