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Arnold Potts

Founder and Lead Editor of Coinfiend. Arnold loves all things blockchain.

U.S. Federal Judge Rules Terraform Labs’ Luna and Mir Tokens Violate Securities Laws

December 29, 2023 by Arnold Potts

A U.S. federal judge has ruled that Terraform Labs, the creator of Terra and Luna cryptocurrencies, violated federal securities laws by selling its cryptocurrencies to the public. Judge Jed Rakoff of the U.S. District Court for the Southern District of New York …

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The Rise of Solana: SOL Surpasses $100, Reaching New Heights in Crypto Market

December 28, 2023 by Arnold Potts

The Solana blockchain’s native token SOL has surged past the $100 mark, reaching a price level not seen since the collapse of Terra over a year and a half ago. As of now, SOL is valued at around $102 per coin, marking …

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Bitcoin Futures Open Interest Slides as Altcoin Profits Allure Traders

December 28, 2023 by Arnold Potts

Crypto traders are shifting their focus to alternative cryptocurrencies as 2023 comes to a close, according to data tracked by Coinalyze. The dollar value locked in active futures contracts tied to bitcoin now represents only 38% of the market-wide notional futures open …

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Telcoin (TEL) Token Price Plummets 40% as Exploit Hits Polygon Wallet Implementation

December 27, 2023 by Arnold Potts

The Telcoin (TEL) token experienced a significant drop of 40% in its price within a 24-hour period. This sudden decline was attributed to an apparent error in the implementation of a wallet on the Polygon blockchain, which caused user balances to decrease …

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Solana’s Native Token SOL Surges Past $100, Reviving Investor Interest and On-Chain Activity

December 25, 2023 by Arnold Potts

Solana’s native token, SOL, surpassed the $100 mark on Saturday, marking a significant milestone for the blockchain platform. This price level had not been seen since the collapse of Terra over a year and a half ago. At the time of writing, …

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TaxWraps: Unwrap the Financial Gift of Tokenization This Christmas

December 23, 2023 by Arnold Potts

Asset tokenization is gaining traction in the blockchain development cycle, offering a promising concept for the future. Dacoinmister’s Second Bitcoin Whitepaper, published in 2012, was the first to introduce this idea, proposing to build MasterCoin on top of the Bitcoin network. Since …

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U.K. Government Collaborates with Crypto Industry to Establish Legislation for Digital Securities

December 23, 2023 by Arnold Potts

UK Government Continues Collaboration with Crypto Industry to Establish Legislation for Digital Securities The UK government has expressed its commitment to working with the financial services and technology sectors in order to create the necessary legal framework to facilitate the adoption of …

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Federal Judge Denies Sam Bankman-Fried’s Request to Extend Sentencing Process and Delay Presentencing Interview

December 23, 2023 by Arnold Potts

A federal judge has denied former FTX CEO Sam Bankman-Fried’s request to extend his sentencing process and delay a presentencing interview with the U.S. Probation and Pretrial Services System. This decision comes as Bankman-Fried faces a possible second trial on additional charges, …

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Unlocking the Future: The Rise of Chain Abstraction in the Open Web

December 22, 2023 by Arnold Potts

Web Chain Abstraction: The Next Evolution for the Open Web In a year marked by a slow market, the open web experienced significant growth. The crypto industry witnessed major strides in Zero-knowledge (ZK) technology, the layer and rollup-driven stack gaining traction, and …

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Blockchain Tech Predictions and Lamentations: The Protocol’s First Annual List

December 22, 2023 by Arnold Potts

Title: Exploring the Future of Blockchain Technology: Predictions and Challenges Introduction: As the crypto-market continues to experience a period of stagnation, industry professionals and experts are grappling with the uncertainty of where the technology is headed. The challenges posed by the complex …

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