The cryptocurrency community is concerned following a suspected rug-pull incident involving the Gemholic project and the zkSync network. Several users affected by the alleged Gemholic scam have taken to X to raise awareness. NSerec, the founder of Zkmarkets, confirmed that Gemholic stole $3.5 million. In the X post, NSerec claimed that Gemholic had deceived its investors for…

Decentralized social media platform Friend.tech — built on Coinbase layer-2 network Base — has announced plans to develop its own blockchain, Friendchain, but the decision to do so has left many users to ask, “Why?” “No hate, just a genuine question, What is the value proposition of a social-focused chain?” crypto trader Dr. Jojipup asked in reply…

Blockchain network Zilliqa has officially released the white paper and roadmap for its highly anticipated version 2.0 upgrade, which will deploy on the mainnet later in 2024. According to the network, the new version promises to improve the platform, making it faster, more efficient and capable of working with other blockchain networks. New features in Zilliqa…

The political landscape might influence how the United States Securities and Exchange Commission (SEC) handles crypto-related policies in the lead-up to the 2024 election, according to Consensys’ senior counsel. Speaking to Cointelegraph at the Consensus conference in Austin on May 29, Consensys senior counsel and director of global regulatory matters Bill Hughes said it was…

Market depth in cryptocurrency trading, explained In cryptocurrency trading, market depth describes the market’s capacity to withstand significant orders without appreciably impacting price.  It is a liquidity metric that shows how many buy and sell orders there are for a given cryptocurrency at different price points. So, how is market depth displayed? A depth chart is commonly used to…

Unstoppable Domains and Blockchain.com have partnered to launch and commercialize a “.blockchain” domain name system (DNS)-enabled Web3 domain. According to the announcement shared with Cointelegraph, the duo teamed up to register the .blockchain Web3 domain with the Internet Corporation for Assigned Names and Numbers (ICANN), the world’s authority on IP addresses and domain names. “The…