EN Insights

Archives: Fast News

  • Web3 Foundation makes bold claim to SEC: DOT is not a security

    Web3 Foundation makes bold claim to SEC: DOT is not a security

    The entity supporting research and development of Polkadot as well as overseeing fundraising efforts for the blockchain has argued that the United States Securities and Exchange Commission should not consider the DOT token a security under its regulatory purview.

    In a Nov. 4 blog post, the Web3 Foundation Team’s chief legal officer Daniel Schoenberger said Polkadot’s native token DOT had “morphed” and was “software” rather than a security.

  • Elrond renamed to MultiversX, focusing on Web3 And metaverse

    Elrond renamed to MultiversX, focusing on Web3 And metaverse

    Elrond, a blockchain startup, has changed its name to MultiversX to reflect its shift into metaverse research.

    MultiversX will release three new tools, including xFabric, xPortal, and xWorlds, in order to assist users and developers of the metaverse.

  • Ethereum’s largest whales back in “hodl” mode after Merge

    Ethereum’s largest whales back in hodl mode after Merge

    Ethereum’s top 10 largest non-exchange addresses have added 6.7% more ETH after the decline leading up to the Merge in September, according to the data published by Santiment.

    Ethereum’s non-exchange whales hold 23.7 million ETH. At the same time, Ethereum’s top 10 exchange addresses recorded only a 0.2% increase in accumulation during the same period, currently holding 8.7 million ETH.

  • Opera launched an NFT analytic tool

    Opera launched an NFT analytic tool

    Opera has launched DegenKnows, a new NFT analytics, tracking and exploration tool that includes on-chain and off-chain analytics in a way to facilitate Web3.

    The new tool aims to help users navigate NFTs and gain access to insights from the social media community.

  • Polygon surges 16% following Instagram integration announcement

    Polygon surges 16% following Instagram integration announcement

    On Nov.2, Meta has announced an end-to-end toolkit allowing Instagram users to mint NFTs on the Polygon (MATIC) blockchain and sell them on social media.

    The move has made MATIC one of the best-performing digital assets in the last 24 hours, rising by over 16% to $1.11.

  • Fantom (FTM) spikes nearly 20% on rumors of Andre Cronje return

    Fantom (FTM) spikes nearly 20% on rumors of Andre Cronje return

    The price of Fantom (FTM), the token underpinning the eponymous blockchain network, surged by 18.8% over the past 24 hours. FTM is now trading at $0.2738.

    Fantom’s latest price action may have been driven by speculation that Andre Cronje, a prolific decentralized finance (DeFi) developer, was returning to the project.

  • Meta to use decentralized data storage protocol Arweave to store NFTs from Instagram

    Meta to use decentralized data storage protocol Arweave to store NFTs from Instagram

    Facebook parent Meta has integrated decentralized data storage protocol Arweave to permanently store digital collectibles from Instagram.

    The price of Arweave’s native token, AR, surged as much as 75% since news of the Meta integration.

  • Gala Games: $1B hack scare tanks GALA price by 10%

    Gala Games: $1B hack scare tanks GALA price by 10%

    On November 4, Gala Games (GALA) dropped more than 10% after reports of an apparent $1 billion attack began circling. This serious incident is thought to have been caused by the DeFi pNetwork platform.

    Following the news, pNetwork confirmed that this is a white hat attack to detect vulnerabilities in Gala Games’ system.

  • Whale accumulated more than 12 million DOGE

    Whale accumulated more than 12 million DOGE

    According to Whale Alert, in the last 5 hours, 12,354,379 DOGE was transferred from an unknown wallet to an unknown wallet. This amount of DOGE is worth $1,451,986.

  • Union Bank of the Philippines launches Bitcoin and Ethereum trading

    Union Bank of the Philippines launches Bitcoin and Ethereum trading

    The Union Bank of the Philippines, or simply UnionBank — one of the largest universal banks in the Philippines — has launched a pilot program for Bitcoin and Ether custody and trading services for select retail customers, the firm said in a joint announcement on Nov. 2.

    The new investment and trading feature launched in collaboration with Swiss crypto technology firm Metaco, with UnionBank going live on Metaco’s digital asset platform Harmonize.