CryptoNews

South Korean Politician Quits Party Over Crypto Scandal

A member of the South Korean parliament is leaving his party amid mounting allegations of massive crypto investments inconsistent with his frugal public image. The controversy, which has caught the attention of the Korean society, involves accusations of conflict of interest and other irregularities. Lawmaker Leaves South Korean Opposition Party Over Crypto Holdings Kim Nam-kuk, a representative…
Read more
Cleantech & EV'sNews

No, you shouldn't get too excited about GM's $14,000 electric mini-truck. Here's why

There’s been a lot of fuss about the supposed “$14,000 GM electric mini-truck” recently, but you probably shouldn’t get too worked up about it. That’s not to say that electric mini-trucks aren’t an exciting new field. I’m a proud owner of one and I love the thing. Mini-trucks, and especially electric mini-trucks, are incredibly useful and highly efficient machines. Though the best…
Read more
CryptoNews

Bitcoin Makes Progress in Clearing Backlog, but Lightning Network Capacity and Channels Dropped Amid Congestion

In the past week, the Bitcoin network has made progress in resolving its congestion issues. On May 7, 2023, the number of unconfirmed transactions reached an all-time high of over 500,000 transfers, causing a major backlog. However, as of today, that number has been reduced to 263,406. Currently, 184 blocks need to be cleared to process the majority of transactions that are still stuck in the…
Read more
CryptoNews

Tether’s Market Cap Inches Towards All-Time High as Competitors Struggle With Redemptions 

Despite several U.S. dollar-pegged digital tokens experiencing notable redemptions in recent months, the largest stablecoin by market valuation, tether, is on the verge of achieving its highest-ever market capitalization. With a current value of $82.84 billion, tether is a mere $433 million shy of reaching its all-time high (ATH) set on May 8, 2022. Stablecoin Tether on Brink of Record Market…
Read more