A new Token Terminal report was released on Sept. 14 on the meteoric rise of Friend.Tech (FT) reveals critical factors driving the app’s growth. Timing the launch with Base’s debut proved crucial, with Base now boasting 400k+ users. FT quickly became Base’s biggest gas guzzler, consuming 20% of total gas. The instant liquidity and audience The post The viral growth blueprint that made Friend.tech the fastest-growing social dApp appeared first on CryptoSlate.

CertiK, a firm specializing in blockchain and smart contract security, has announced the release of a new SkyInsights tool to address the growing needs related to crypto compliance and risk management in the Web3 industry. The platform, SkyInsights, utilizes CertiK’s extensive databases to provide enriched risk insights, involving more than two billion wallet addresses and smart The post New crypto compliance and risk management tech analyzes over 2 billion wallets’ data appeared first on CryptoSlate.

FTX submitted a revised order to the bankruptcy court early on Sept. 13 outlining proposed guidelines for selling and transferring its substantial digital asset holdings as part of its ongoing Chapter 11 proceedings. The revised order outlines a structured process for investment advisors to liquidate portions of FTX’s cryptocurrency stash under creditor oversight. According to The post Bankrupt FTX reveals $100M weekly crypto liquidation plan in court filing appeared first on CryptoSlate.

Crypto exchange Bitfinex has secured another significant legal victory, as a class action lawsuit against it was dismissed by Chief Judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York, according to a statement from the Bitfinex blog on Sept 12. The lawsuit filed by Shawn Dolifka, a plaintiff The post Class action case against Bitfinex gets dismissed, marking another legal win appeared first on CryptoSlate.

Securities and Exchange Commission (SEC) Chairman Gary Gensler remains steadfast that most cryptocurrencies fall under the agency’s securities regulations despite ongoing criticism from the crypto industry. In written testimony on Sept. 12 for the Senate Banking Committee, Gensler reiterated the SEC’s strict stance that crypto trading platforms and intermediaries must register with the agency as The post Despite industry objections, SEC’s Gensler continues to classify crypto as securities appeared first on CryptoSlate.