The EOS community took on the centralized company behind the blockchain — and won. Now comes the fight to get back into the top ten.
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Whatever happened to EOS? Community shoots for unlikely comeback
Whatever happened to EOS? After the biggest ICO in history, the former top 10 token now languishes around number 53. But the community has since taken back control and is determined to restore the smart contract platform to its former glory.
If you’re a newcomer to the crypto industry, you may not even be familiar with The Biggest ICO in History, which launched EOS.
EOS began in June 2018 with great fanfare, an active community and strong tech. Led by Dan Larimer, of Steemit and Bitshares fame, there was a palpable area of excitement with the introduction of new tech, including the delegated proof-of-stake (DPoS) system and EOS Worker Proposals to fund projects that grew the ecosystem.
Block.one, the company behind EOS, raised an astonishing massive $4.1 billion over 12 months.
And then… nothing much happened. The community waited and waited for the promises to be fulfilled.
Utah DAO Act: How the law was made and what it means for decentralized business
How the Utah DAO Act went from an idea to a piece of legislation — and the challenges along the way.
Banks bullish on crypto: Standard Chartered’s Zodia raises $36M
After leading Zodia’s series A funding round, the Japanese financial conglomerate SBI Holdings became its second-largest shareholder.
Bitcoin advocate cracks known 12-word seed phrase in minutes
If the words of a 12-word seed phrase are known, it’s deceptively easy to enter the wallet and sweep the funds.
Kraken asks San Francisco court to intervene against IRS demands
Kraken has joined Coinbase in an effort to push back against the growing regulatory scrutiny by U.S. regulators.
Bitget pledges $10M for Fetch.ai ecosystem amid ChatGPT boom
The move comes amid a surge in popularity for artificial intelligence tools such as ChatGPT.
Celsius creditors demand transparency on 'suspicious' FTX transactions
Celsius creditors say info from FTX is crucial in determining if some CEL trades were meant to inflate its price artificially.
Google Ads data: $4M stolen through crypto phishing URLs
Unsuspecting cryptocurrency users have lost over $4 million to phishing websites promoted using Google Ads.
Binance CEO denies $28B wealth: ‘I don't have anywhere near as much’
According to Bloomberg's rich list, Binance CEO Changpeng “CZ” Zhao is supposed to be ranked in the top three finance billionaires worldwide.
Bitcoin price retargets $29K after Mt. Gox panic liquidates $320M
Carnage thanks to a disproved scare over Mt. Gox bitcoins destroys large amounts of BTC open interest and trading positions in hours.
Bitcoin price retargets $29K after Mt. Gox panic liquidates $320M
Bitcoin (BTC) returned to a familiar range on April 27 as panic over alleged Mt. Gox and United States government transactions faded.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Rough" price action keeps Bitcoin traders cautious
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD traded near $29,000 on Bitstamp, up nearly $2,000 from the prior day’s low.
Snap volatility had kicked in following the Wall Street open as bulls’ trip to $30,000 was rudely interrupted by fears that BTC from wallets controlled by the U.S. government and entities related to defunct exchange Mt. Gox were on the move.
As Cointelegraph reported, the claims turned out to be false, but not before wiping a large slice of open interest from derivatives markets and sending BTC/USD down 7%.
A subsequent recovery returned the pair to $29,500 before consolidation kicked in.
Hong Kong security regulator to issue crypto license guidelines in May
The crypto business guidelines were reportedly revealed by the chief executive of Hong Kong’s Securities Futures Commission, Julia Leung.
Cameron Winklevoss claims regulatory double standards over banking crisis
The CEO of Gemini says things would’ve been handled differently if First Republic was a "crypto" bank.
Circle CEO warns of active and accelerating de-dollarization
The U.S. must capitalize on the “high demand” for digitally native U.S. dollars, particularly from those in emerging economies with weak local banking systems, the Circle CEO said.
Circle CEO warns of active and accelerating de-dollarization
The United States must implement stablecoin legislation and digitize the U.S. dollar (USD) to mitigate the “very active de-dollarization taking place” around the world right now, says Jeremy Allaire, the chief executive of stablecoin issuer Circle.
Allaire’s comments at the Consensus 2023 conference on Wednesday, April 25, were made in light of the recent U.S. banking crisis.
The Circle — the stablecoin issuer behind USD Coin (USDC) — CEO called on Congress and the Federal Reserve to take action otherwise alternative currencies and payment systems will continue to eat into the dollar’s dominance:
“We have a very active de-dollarization taking place. You're having very significant reactions to the U.S. risks in the U.S. banking system, risks with the US government itself, a geopolitical imposition on many parts of the world [and] the desire for alternative payment systems all around the world.
“This is happening and it's accelerating,” he added.
Circle CEO warns of active and accelerating de-dollarization
The U.S. must capitalize on the “high demand” for digitally native U.S. dollars, particularly from those in emerging economies with weak local banking systems, the Circle CEO said.
One crypto wallet launched 114 dodgy memecoins in two months
According to ZachXBT, one alleged scammer in particular launched around 114 projects in the past 45 days alone.
US House Financial Committee Republicans look for records to show crypto debanking
The lawmakers see a “coordinated strategy” to deny the digital asset industry access to banking that is not related to a desire to protect banks.
Arkham denies buggy Mt. Gox alerts to blame for 7% Bitcoin price crash
Blockchain analytics firm Arkham Intelligence has denied playing a role in the flash crash that saw Bitcoin fall 7% in less than an hour.