Author: Vickie Helm

On November 21, 2024, the Sui Network demonstrated its potential for rapid smart contract execution, akin to Layer 1 platforms, when it faced a significant two-hour network outage. This incident raises questions about its reliability, prompting comparisons to Solana’s previous network issues. The unexpected halt in block production for over an hour has led to increasing concerns regarding Sui’s dependability and its path forward. Identifying the Reasons for Sui Network Disruptions The disturbance within the Sui blockchain stemmed from a flaw in the transaction scheduling mechanisms. This bug resulted in a validator crash, stopping block production temporarily. Security analysis firm…

Disclosure: The perspectives and opinions expressed in this article are solely those of the authors and do not reflect the views of the editorial team at crypto.news. The promise of decentralized finance (DeFi) was to usher in a financial transformation, where users could craft personalized strategies by stacking protocols like building blocks. Unfortunately, the results have not met expectations. Currently, only 10% of cryptocurrency holders actively engage with DeFi each month, translating to less than 1% of the global population interacting with these financial systems regularly. As the number of layer 2 chains on networks like Ethereum rises, the resulting…

Quick Summary Recently, a new meme coin centered around dogs has surged in value, at one point boasting a market capitalization of over $450 million. While its impressive rise suggests potential for substantial returns, the high volatility presents significant risks for investors. Another Sensation The meme coin market often witnesses tokens gaining popularity rapidly. The Solana-based Chill Guy (CHILLGUY) has recently gained attention. The meme’s inspiration is an iconic illustration of a cheerful dog, donned in a gray sweater and jeans, showcasing its charisma. This character gained massive popularity on TikTok in 2024. Amid significant buzz, a meme coin was…

Explore the latest updates in Spanish. Recently, the Cardano blockchain has experienced a notable uptick in transaction activity. This trend is also reflected in price movements. Over the last month, the price of Cardano has seen a remarkable increase, even doubling. As of now, ADA has surpassed its previous high of $0.77 from March and is trading at its highest level in 2024. Analyzing the factors contributing to this price surge, on-chain metrics indicate that robust buying activity, particularly from large ADA holders, is fueling this momentum. Insights from the blockchain analytics platform IntoTheBlock report a significant rise in high-value…

Kava has unveiled HARD.fun, an innovative platform designed to facilitate the creation of meme coins, leveraging Kava’s AI chatbot for user convenience. The platform operates on a community-driven model, where users can participate in governance and influence tokenomics through voting. Additionally, HARD.fun supports cross-chain functionality, covering Kava, Ethereum, Cosmos, and more. HARD.fun is officially launched! 🎉 Join us at the first meme coin launchpad where community contributions redefine the game! 🤝 ✨ Create & trade meme coins🗳️ Participate in governance using $HARD💎 Earn rewards through diamond collection Let’s dive in 👉 here — HARD.fun (@hard_protocol) November 20, 2024 The establishment…

A court in Shanghai has recently clarified that holding cryptocurrencies privately is not against Chinese law, offering guidance to local crypto investors during a period of unprecedented Bitcoin price increases. Judge Sun Jie from the Songjiang People’s Court noted in an article shared via WeChat this week that while companies in China cannot “freely” engage in cryptocurrency investments or launch new tokens, it is legal for individuals to possess cryptocurrencies. His statements were part of a legal review stemming from a dispute between two firms about a new coin offering, which raised issues of illegal financing in China. The Chinese…

Disclosure: The opinions expressed in this article are those of the authors and do not represent the views of crypto.news editorial. Memes have a long history, but they’ve evolved significantly with the rise of cryptocurrencies and the increasing influence of AI. This transformation is particularly pronounced in Solana (SOL), a Layer 1 blockchain that stands out for its ability to support a vibrant meme coin ecosystem. If you haven’t heard, there’s a fundamental rule in the crypto space: avoid getting caught in the middle. Solana has successfully navigated this, thriving at both extremes with cutting-edge innovations and wildly creative memes.…

As the world of cryptocurrencies advances at a swift pace, an increase in adoption and regulation is being matched by evolving legal frameworks. In a recent development, a federal judge in the United States has ruled that members of a decentralized autonomous organization (DAO) may be held liable for the actions of fellow participants under California’s partnership regulations. Judge Vince Chabria, who serves in the Northern District of California, determined that the operating entity for Lido DAO qualifies as a general partnership according to California law. This ruling carries significant ramifications for the decentralized finance (DeFi) landscape, as it could…

It’s worth mentioning that the United States possesses more Bitcoin than any other nation worldwide. Follow Lizzo on X.https:/sol;/x.com/pete_rizzo_/ While this information is accurate, the extent of fear of missing out (FOMO) fueled by industry advocates on social media can be misleading.On the platform X, David Bailey, CEO of BTC Inc, is urging that President Donald Trump issue an executive order to facilitate Bitcoin adoption starting immediately. Meanwhile, Dennis Porter, founder of Satoshi Action Fund, advocates for state-level executive orders. This initiative is expected to spark excitement and motivate actions across various states, positioning Bitcoin purchasing as an act of…

A pivotal ruling has been handed down by the United States District Court for the Northern District of California regarding the legal standing of Lido DAO. In a notable decision, the court dismissed claims made by decentralized autonomous organizations (DAOs) that they are immune to lawsuits because they lack formal legal status. The court clarified that Lido DAO functions as a general partnership under California law and is therefore liable for legal actions. The lawsuit was initiated by former Lido DAO (LDO) token owner Andrew Samuels in December, following significant financial setbacks linked to a decline in the token’s value.…