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Over the course of the last two years, the Lightning Network, a distinctive node-based payment protocol engineered to address the scalability issue of Bitcoin, has vastly surpassed all predictions of success, experiencing an extraordinary growth of over 1200%. The Underlying Concept of the Lightning Network The Lightning Network, significantly known as a 'layer 2' decentralized […]

New York Attorney General Letitia James has instigated legal action against three major cryptocurrency firms, accusing them of deceiving a multitude of investors to the tune of more than $1 billion. Gemini Trust Company, Genesis Global Capital, and their parent company, Digital Currency Group (DCG), are at the center of these serious allegations. The lawsuit

Despite a general lull in the cryptocurrency markets, Tuesday saw Toncoin continue its upward trajectory for the third consecutive day. Traders, looking to consolidate the gains made on Monday, have caused a slight 0.02% rise in the global market cap. Meanwhile, Cardano, after enjoying a four-day bullish streak, registered a decline. Toncoin's (TON) Continued Rise

When Nishad Singh, a previous engineering director at FTX, stood before the court earlier this week, he wasn't just another witness. He was a whistle-blower, casting light on the deep-seated issues within FTX. Singh's testimony against Sam Bankman-Fried, his former employer, unravelled a series of misdoings, including a software bug that concealed billions in lost

Fluent Finance, an American startup with a vision of connecting banking with Web3, recently disclosed its collaboration with the United Arab Emirates' Ministry of Economy. The objective is to construct technology based on deposit tokens. This enterprise, which capitalizes on the Nextgen FDI growth scheme, is set to inaugurate operations in Abu Dhabi, anticipating a

Bitcoin experienced a short-lived surge above $27,000 during the weekend, reflecting the market's persistent uncertainty. The global cryptocurrency market displayed a slight uptick as the weekend began, with a 0.42% increase at the time of writing. Meanwhile, Ethereum managed to maintain its position above the recent $1,535 benchmark. Bitcoin's Market Performance Bitcoin (BTC) experienced a

The cryptocurrency market has witnessed the rise and evolution of many currencies, with Litecoin being one of the standouts. The story of Litecoin's development over 12 years and its most influential wallets is fascinating. The coin, often termed as "the silver to Bitcoin's gold," operates on a proof-of-work blockchain and has a history that spans

The Central Bank of Nigeria (CBN) recently announced that it had removed the foreign exchange restrictions on the importation of 43 items. The bank initially imposed these restrictions in 2015. The CBN believes that the restrictions might have contributed to the depreciation of the naira in the parallel foreign exchange market. Streamlining the Naira's Multiple

Emerging data uncovers a significant contraction in the meme coin market, with a staggering $3 billion loss in value since the onset of 2023. This decline is led by the market cap frontrunner in the meme coin arena, Dogecoin (DOGE), which has registered a downturn of $2.46 billion since January. Shiba Inu (SHIB), another prominent

The bankruptcy proceedings of the defunct exchange, FTX, have revealed a significant development. Records show the trustees overseeing the bankruptcy have staked an impressive 5.5 million solana (SOL) tokens. The total value of FTX's solana holdings currently stands at a staggering $1.16 billion. It is important to note that a large chunk of these assets