Global

A fresh set of accusations has been brought against David Pan, the founder of the cryptocurrency exchange ACE, and another thirty-one people connected to the case in the ongoing legal battle between Taiwanese authorities and former executives of the company.

According to new data, mining Bitcoin (BTC) may not be as profitable as it once was. Bloomberg reports that the profitability of mining Bitcoin is getting dangerously close to a record low, not seen since the days after FTX collapsed, which presents serious difficulties for those tasked with maintaining network security.

In April, stablecoins broke with the general market downturn and went on a seven-month run of gains.

With over 14,000 tokens in circulation and a $2.4 trillion market capitalization, more might not always be better. Forbes has identified a set of 20 cryptocurrencies, nicknamed "zombie blockchains," that, in spite of their lack of user acceptance and real-world utility, continue to command high market prices.

Popcat [POPCAT], a memecoin based on Solana [SOL], has increased by more than 200% in the past week, and readings from important indicators indicate that it might continue to rise in the near future.

The financial world has seen a significant shift in the use of cryptocurrency. Following the development of blockchain technology, these digital currencies have become increasingly relevant in our technology-driven society, offering special advantages including digitization, transparency, and security.