Sonic has launched its Mobius mainnet, ushering in a new development era for the blockchain ecosystem through the first chain extension on Solana. As the pioneering Solana Virtual Machine chain, Sonic aims to enhance the gaming and decentralized applications landscape on the Solana (SOL) network. The Sonic Mobius mainnet launch, [...]
Bybit has been granted an in-principle approval from the Securities & Commodities Authority of the UAE and is on track to receive the fully operational license. On Feb. 28, Bybit announced that it had received an in-principle approval from the SCA of the UAE to establish itself as a Virtual [...]
The U.S. Securities and Exchange Commission has dropped its case against Ethereum software developer Consensys, marking another regulatory win for the digital asset industry. MetaMask creator Consensys became the latest cryptocurrency and decentralized finance provider to gain relief from a federal investigation launched by the previous Securities and Exchange Commission [...]
CZ warns users of hacked accounts promoting tokens and says YZi Labs staff who promote coins will be ‘fired immediately.’ In a recent post, Changpeng Zhao shared a screenshot of an account belonging to a trader who was a Binance supporter. He suspected the account had gotten hacked because it [...]
Core Scientific has announced a $1.2 billion expansion of its Denton, Texas, data center in partnership with artificial intelligence-focused cloud provider CoreWeave. According to Core Scientific’s Feb. 26 press release, the agreement adds 70 megawatts of contracted power, bringing the site’s total critical information technology load to 260 MW. Across [...]
MEXC announced a $20 million allocation to Ethena’s synthetic dollar USDe and a $16 million in Ethena Labs to fund user incentives to drive stablecoin adoption. On Feb. 26, MEXC crypto exchange announced that it had allocated $20 million to USDe. Additionally, MEXC Ventures, the investment branch of MEXC, has [...]
Blockchain investigator ZachXBT has joined research-driven cryptocurrency investment firm Paradigm as an advisor. ZachXBT, who describes himself as a scam survivor turned 2D investigator, confirmed the development in a post on X on Feb. 26. According to the well-known blockchain analyst, his role at Paradigm will be that of incident [...]
Winklevoss twin-led Gemini is the latest crypto firm to shake off the U.S. Securities and Exchange Commission’s scrutiny, as the agency closed its probe after nearly two years. According to co-founder Cameron Winklevoss, the commission has decided not to pursue enforcement action against Gemini nearly 700 days after launching its [...]
The UK government has introduced the Crime and Policing Bill, aimed at enhancing the country’s ability to recover proceeds from cryptocurrency-related crime. The bill outlines provisions for valuing cryptocurrency, procedures for courts to recover illicit funds, and expanded powers for the Crown Court to issue seizure orders. The legislation covers [...]
Web3 hiring in Q4 showed an 80% year-over-year increase but dipped 13% on a quarter basis, with U.S. election impacts lagging behind seasonal trends. In Q4 2024, crypto companies added 788 jobs, up from 436 in Q4 2023, though hiring slowed from Q3’s 902 roles, with a small boost in [...]
