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Polkadot’s $87M H1 spend: Scrutiny on marketing costs
2.7.2024
Polkadot’s decentralized web project has been in the spotlight for its aim to unite various forms of blockchains, such as private and consortium chains, public and permissionless networks, and other innovative types. Overall, the project received significant attention during the first half...
BTC clings to $62K as US labor data fuels market watch
2.7.2024
With the United States economy still struggling with unemployment and a decrease in manufacturing, Bitcoin (BTC) is capturing the interest of investors who want to speculate on the Federal Reserve’s future decisions and their impact on virtual currencies. On July 1, BTC rose by a mere 0.24%...
Ethereum posts lowest performance since August 2022, losing $61 million
2.7.2024
According to market reports, Ethereum witnessed its biggest outflows since August 2022. Digital assets, including Ethereum, are experiencing an outflow for the third consecutive week, totaling $30 million. It seems that Bitcoin’s investor sentiment is changing slowly and significantly. Media...
Binance.US Challenges SEC Over ‘Control Person’ Allegation
2.7.2024
The United States subsidiary of the world’s biggest cryptocurrency exchange, Binance.US, is ready to counter the Securities and Exchange Commission (SEC). The SEC claims that the exchange offered unregistered investment products and violated the anti-fraud provisions. Binance US did not take...
DRIFT Labs adopts Chainlink CCIP’s arbitrary messaging feature
2.7.2024
DRIFT Labs has integrated Chainlink CCIP to facilitate the cross-chain transferring of DRIFT tokens across the BNB Chain, Ethereum, and Polygon networks by leveraging its arbitrary messaging capabilities. This simplifies the process for users to transfer their DRIFT tokens. Their focus on CCIP...
Japan-based SBI Group launches NFTs on XRP Ledger for World Expo 2025
2.7.2024
SBI Group of Japan has issued non-fungible tokens (NFTs) on the XRP Ledger in anticipation of the upcoming World Expo 2025 in Osaka. This is intended to enhance the quality of interactions among attendees by utilizing blockchain technology, according to the company’s perspective. This...
Chainlink witnesses a substantial increase in developer activity in June
2.7.2024
Chainlink is currently experiencing a significant increase in developer traction, as per Santiment analysis, a market intelligence platform. This has resulted in the decentralized oracle network being placed directly behind the market leader, Hedera. Hedera is currently the most prominent company...
Chirp links up with Chainlink BUILD program to grow Web3 space
2.7.2024
Chirp has established a partnership with the Chainlink BUILD program to facilitate the integration of DePIN and advance the overall Web3 space. Chainlink will provide Chirp with technical support and connectivity to its established Oracle solutions. Additionally, enhanced cryptoeconomic security...
Cardano (ADA) price set for recovery with strong investor optimism
2.7.2024
Cardano, one of the most popular cryptos, is showing signs of recovery. To complete the shift, the token will need support from investors and the market. If Cardano manages to register a hike, its unprofitable supply of 1.7 billion tokens can turn profitable. According to the latest ADA forecast...
Polkadot Ecosystem Funding Crisis Sparks Controversy
2.7.2024
The Polkadot ecosystem is facing a set of unique challenges in the Web3 ecosystem. To start, it is facing a funding crisis. A recent report released by the Polkadot Treasury for the first half of 2024 has raised concerns over another collapse like FTX. One use on X Web3 Philosopher by the...
Polkadot Ecosystem’s Expenditure Causes Controversy
2.7.2024
The Polkadot ecosystem is facing a set of unique challenges in the Web3 ecosystem. To start, it is facing a backlash from the community for its spending. A recent report released by the Polkadot Treasury for the first half of 2024 has raised concerns over another collapse like FTX. Polkadot faces...
Cardano leads in sustainability reporting ahead of MiCA regulations
2.7.2024
The Cardano Foundation has released sustainability indicators for its network. This is well ahead of the European Union’s Markets in Crypto-Assets (MiCA) regulations, which are set to take full effect in December 2024. Cardano’s sustainability report was developed in partnership with...
Cardano Leads in Sustainability Reporting – ADA Price Prediction
2.7.2024
The Cardano Foundation has released sustainability indicators for its network. This is well ahead of the European Union’s Markets in Crypto-Assets (MiCA) regulations, which are set to take full effect in December 2024. Cardano’s sustainability report was developed in partnership with...
Jupiter’s community vote to shape Jupuary’s future
2.7.2024
The co-founders of Jupiter, Meow, interacted with netizens about the eagerly awaited relaunch of Jupuary. The community’s primary concern is Jupuary’s fate. This occurs as the Jupiter community prepares for a critical referendum that is expected to redefine the initiative’s future...
Artificial Superintelligence Alliance launches token; migration tools go live
2.7.2024
The Artificial Superintelligence Alliance, which includes SingularityNET, Fetch.ai, and Ocean Protocol, has announced the launch of a single token by uniting AGIX, OCEAN, and FET tokens for the first time in the field of AI. This merger is anticipated to establish a completely decentralized...
SEC charges Consensys Software for unregistered securities sales
2.7.2024
The SEC has charged Consensys Software Inc. with engaging in unregistered securities offerings and sales via MetaMask Staking. Additionally, the platform faces charges for operating as an unregistered broker through MetaMask Staking and MetaMask Swaps. The SEC has filed a complaint alleging that...
LockBit Hacks 33TB of User Data From Evolve Bank
2.7.2024
Russia-linked ransomware group LockBit has once again made international headlines due to a major hack. Reports suggest that Evolve Bank lost 33 TB of user data from a malicious link sent to the bank. Crypto-friendly Evolve bank falls victim to Lockbit’s malware LockBit has been silent for...
DBS Bank Enters Stablecoin Custody Space in Singapore
2.7.2024
Singapore’s largest bank, DBS Group Holdings, has announced its entry into the cryptocurrency industry with stablecoins. According to Bloomberg, DBS will provide custody services for stablecoin reserves and offer related cash management services. This move comes through a partnership with...
Composability Labs unveils spark: A superfast on-chain CLOB
2.7.2024
Composability Labs is developing Spark, an on-chain CLOB, significantly faster than the current standard by implementing a minimal state process. In the case of Polygon Miden, it allows builders to create individualistic applications that enhance Ethereum’s attributes. It is widely recognized...
BlockDAG’s phenomenal rise: Surpassing $54.9M in presale – How do ARB & Notcoin compare?
2.7.2024
As the cryptocurrency market navigates through its current sea of challenges, with giants like Arbitrum and Notcoin wading through troubled waters, BlockDAG stands out as a bastion of promise and profitability. Now in its 19th batch, BlockDAG has not only weathered the storm but thrived...