Decentralized application activity on the Ethereum blockchain could be on track to match or surpass last year despite growing competition from “faster and cheaper” alternatives, according to blockchain analytics platform DappRadar. Peak adoption on Ethereum was in 2021, coinciding with the height of the last bull run, and was also the year with the “highest…
The US President Donald Trump’s Working Group on Digital Assets released its long-promised crypto report outlining policy recommendations for regulating crypto in the United States, including crypto market structure, jurisdictional oversight, banking regulations, promoting US dollar hegemony through stablecoins and taxation of cryptocurrencies. Establishing a “taxonomy” of digital assets by clearly defining which cryptocurrencies are…
Trading platform Robinhood’s crypto revenue increased 98% year-on-year to $160 million in the second quarter as CEO Vlad Tenev doubled down on plans to lead the real-world asset tokenization market in the US and abroad. Total net revenue climbed 45% year-on-year to $989 million, while net income increased by 105% to $386 million, Robinhood said…
Jurors will now decide the fate of Roman Storm, co-founder of cryptocurrency mixing service Tornado Cash, after prosecutors and the defense delivered closing arguments on Wednesday. The closing arguments phase of a trial is when both sides summarize a case before a judge or jury, making their cases and trying one last time to persuade…
The Planck Network, an infrastructure protocol targeting the artificial intelligence boom, has launched a layer-0 blockchain aimed at supporting decentralized AI networks, the company said Tuesday. The blockchain is designed to serve as foundational infrastructure for AI applications, particularly those built for decentralized physical infrastructure networks (DePINs). These networks combine hardware, token incentives and distributed…
The Polygon Heimdall V2 mainnet, the consensus client for the Polygon proof-of-stake chain, went down on Wednesday due to a suspected “consensus bug,” the Polygon team said. The service has been since restored. Heimdall V2, which handles communication between nodes validators on Polygon, went down about 9:30 UTC and did not impact the Bor layer,…
JPMorgan Chase has partnered with crypto exchange Coinbase to introduce crypto integrations to its customers, a step in bridging traditional finance with digital assets. Coinbase announced Wednesday that Chase credit card holders can use their cards to buy crypto on Coinbase starting this fall. In addition, Coinbase said JPMorgan’s customers will also be able to…
Crypto token unlocks may fall to $3 billion in August, down 52% from the $6.3 billion in value unlocked in July, according to vesting data tracker Tokenomist. Despite the overall decrease, several high-profile unlocks could still impact prices. The biggest unlocks include Sui (SUI), Fasttoken (FTN), Aptos (APT), Avalanche (AVAX) and Arbitrum (ARB). Sui will…
Key takeaways Gemini serves as a powerful tool for research and idea generation, but should not be seen as a source of trading signals or personalized advice. While it effectively summarizes project fundamentals and compares assets, some responses, like Pi Coin’s delayed mainnet claim, highlight the risks of outdated or incomplete information. Using Gemini to…
A major player in a crypto Ponzi scheme that duped victims out of $13 million with claims of using artificial intelligence-powered crypto trading bots and a fake government agency has pleaded guilty. The US Department of Justice said on Monday that Vincent Anthony Mazzotta Jr admitted to his role in defrauding investors by promising high…
