Celsius [CEL] Network CEO Alex Mashinsky resigned as the CEO of the bankruptcy-challenged crypto organization. In a press release shared with BusinessWire on 27 September, Mashinksy announced that he was stepping down because he felt his presence was an “increasing distraction” to the company considering their current financial status. Recall that Celsius’ unending troubles startedContinue reading “Celsius’ CEO bids farewell but here’s why CEL is not ready to step down”

Cosmos, on 26 September, launched a new whitepaper that outlined the next steps for the blockchain and its native token ATOM. The whitepaper includes plans for ATOM and how the protocol will be delving into making changes upon their liquidity staking, interchain security ,and governance protocols. Major changes ahead  According to the whitepaper, Cosmos plansContinue reading “Reasons why Cosmos’ ‘universal’ plans may be obstructed by ATOM”

The latest blockchain to witness some relief in this ongoing bear cycle happens to Avalanche [AVAX]. On 27 September, Avalanche Labs tweeted about its latest collaboration with Chainlink [LINK]. According to the post, Chainlink helped AVAX grow in the NFT, GameFI, and Defi sector. Given the current situation of the market, will this collaboration play outContinue reading “AVAX partners with LINK; can the integration bring much-needed respite to both”

Switzerland-based crypto-lender Nexo is facing simultaneous enforcement action from eight different U.S states over varying allegations. Actions include cease and desist orders, administrative measures etc. State regulators from California, Kentucky, New York, Maryland, Oklahoma, South Carolina, Washington and Vermont have claimed that Nexo allegedly failed to register its “Earn Interest Product” as a security andContinue reading “Crypto-lender Nexo faces charges from eight U.S states”

A suspicious transfer of over $3,000 BTC ($60 million) has been detected after South Korea issued an arrest warrant against Do Kwon, the Founder and CEO of Terraform Labs. The transfer was made from a LUNA Foundation Guard (LFG) wallet to KuCoin and OKX wallets, according to reports. South Korea getting wallets frozen The reportContinue reading “>3000 BTC transfer in the spotlight after Do Kwon’s arrest warrant”

Solana [SOL] founder, Anatoly Yakovenko, talked about the progress of Solana’s technology department via a tweet published on 27 September. According to the tweet, Solana’s development progress has been going as planned. The Solana team also upgraded their QUIC protocol. In the coming future, Anatoly stated that wallets, users, and bots would start increasing prioritization feesContinue reading “SOL developments: Short-term plan or long-term fix to boost investor morale?”

Litecoin [LTC] has been in a volatility bondage. This was the opinion of John Bollinger, renowned analyst, and inventor of the famous indicator, Bollinger Bands. Speaking in anticipation of the 2022 Litecoin Summit, Bollinger noted that LTC had been stuck in extremely low volatility regions for five months. He also pointed out that there wasContinue reading “Will Litecoin [LTC] breakout after this analyst claims it has been held prisoner”

On 26 September, the United Kingdom announced a new package of sanctions against Russia. This round contains 92 sanctions, in response to referendums held by Russia in Ukraine following its controversial invasion. A number of these sanctions are meant to hurt executives from state-backed financial institutions.  Russian banks have been facing a lot of heatContinue reading “How Russia’s CBDC might allow it to evade sanctions, trade with China”

To the surprise of absolutely no one, Australia is now testing a CBDC. Central Bank Digital Currencies have been up for debate for a long time now. While some authorities consider them hazardous and prone to abuse, others are pursuing a pilot program.  The whitepaper describing the continental island nation’s initiative was created in collaborationContinue reading “Australia embraces CBDCs, but where does Ethereum come in”

Open-source protocol, Compound [COMP] seemed to be in the most cordial relationship with its community. This assertion was because the two recent governance proposals all have had a similar outcome as at press time. According to Compound Labs, the firm behind the project, both proposals 126 and 127 resumed voting. For 126, it was aimedContinue reading “Compound [COMP] and its latest proposals have a fascinating outcome because…”

Polkadot [DOT] and Cardano [ADA] blockchains are known for their intense developer activity and focus on building their technology. However, this time around, the case may be a little different. According to a recent Santiment tweet published on 27 September, DOT surpassed ADA in terms of non-spam submissions to their GitHub.  According to Santiment overContinue reading “Polkadot [DOT] may be on a short bullish sprint thanks to these developments “

U.S retail giant Walmart has officially entered the Metaverse with the launch of two new projects on popular gaming platform Roblox. The two immersive experiences created by Walmart namely, Walmart Land and Walmart’s Universe of Play, will let consumers explore the metaverse and experience what one of the largest platforms in the metaverse has toContinue reading “Walmart’s Roblox venture marks retail giant’s foray into the Metaverse”