XRP price pumps and dumps amid mysterious M whale transfers — what’s next?

XRP price pumps and dumps amid mysterious $51M whale transfers — what’s next?

XRP price saw a major spike on Aug. 26, hinting at a possible effect from some big traders. Large XRP transfers, Ripple Swell Global event Notably, XRP’s price jumped 6% to $0.37, a two-week high, during the early London hours. The token’s upside move occurred hours after its network processed three…

Waves-backed stablecoin USDN breaks peg again amid protocol upgrade

Waves-backed stablecoin USDN breaks peg again amid protocol upgrade

As the crypto community tries to navigate the bear market and recover from the onslaught brought about by stablecoin incidents like the Terra crash, another algorithmic stablecoin shows signs of struggle as it falls below its dollar peg.  Algorithmic stablecoin Neutrino Dollar (USDN) has deviated from the dollar once again,…

Ethereum dev addresses node centralization concerns in runup to the Merge

Ethereum dev addresses node centralization concerns in runup to the Merge

Ethereum is a few weeks away from officially moving to a proof-of-stake (PoS) mining consensus from its current proof-of-work (PoW) one. The transition officially dubbed the Merge is slated for Sept. 15, but in the run-up to the major upgrade, Ethereum node centralization has become a hot topic. As Cointelegraph…

Lower costs, higher speeds after Ethereum’s Merge? Don’t count on it

Lower costs, higher speeds after Ethereum’s Merge? Don’t count on it

As we approach the date of Ethereum’s Merge, users have speculated about what it will mean for projects and the wider ecosystem. Some argue the Merge will have little impact on gas fees and believe transaction speeds might improve. However, in general, most ordinary users will not notice much change….

Japan considers implementing tax reforms to prevent capital flight of crypto startups

Japan considers implementing tax reforms to prevent capital flight of crypto startups

According to local news outlet Yomiuri, Japan’s Financial Services Agency is considering amending the virtual currency taxation system for corporate entities ahead of the country’s 2023 tax reform. The proposed change includes removing capital gain liabilities for undisposed corporate crypto assets at the end of each taxation year, as well…

Polygon founder Sandeep Nailwal raises M for Web3 fund

Polygon founder Sandeep Nailwal raises $50M for Web3 fund

Cryptocurrency entrepreneur and Polygon founder Sandeep Nailwal has raised $50 million for a new startup fund dedicated to Web3 companies, underscoring venture capital’s growing interest in the blockchain-powered internet.  Nailwal’s venture firm, Symbolic Capital, is backed by cryptocurrency protocols, exchanges, crypto-focused auditing firms and other venture capital investors, the company…

Crypto ATM firm Bitcoin Depot aims to go public in 2023 via 5M SPAC deal

Crypto ATM firm Bitcoin Depot aims to go public in 2023 via $885M SPAC deal

Bitcoin Depot, a major cryptocurrency ATM provider in the United States, is planning to go public through a merger with a special-purpose acquisition company (SPAC). Atlanta-based Bitcoin Depot has reached a definitive agreement to merge with the SPAC GSR II Meteora (GSRM) in an $885 million deal in order to…