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Weekly NFT Sales Record Minor Ebb While Bitcoin Maintains Dominance
6.1.2024
According to recent data, sales of non-fungible tokens (NFTs) over the last week declined by 1.31% to $308.23 million, a decrease of $4.09 million from the prior week’s $312.32 million. NFTs centered around Bitcoin remained at the forefront among 21 distinct blockchain networks, experiencing...
Vitalik Buterin’s Endorsement Leads to ENS Token Surge
4.1.2024
The ENS token’s recent price surge is attributed to Vitalik Buterin’s public support, who stated the need for ENS to be available on all layer two networks. Vitalik Buterin’s Social Media Post Ignites ENS Token Rally The Ethereum Name Service (ENS) token experienced an unexpected...
Etherscan Acquires Solscan to Enhance Solana Ecosystem Analysis and User Experience
3.1.2024
Source: Pixabay Etherscan has successfully completed the acquisition of Solscan, a leading block explorer operating within the Solana ecosystem. The move is geared towards advancing the accessibility of blockchain data across various networks. The acquisition plan includes the integration...
QuickSwap ties up with Manta Network’s New Paradigm campaign
28.12.2023
QuickSwap becomes an ecosystem associate of Manta Network’s New Paradigm scheme. This is active on the Manta Pacific chain in the form of a live Ethereum L2 with a conventional yield for ETH and stablecoins. For a limited time, users can earn penta yield and a future MANTA airdrop with their...
Crypto Guide for Seniors
26.12.2023
Source: Pixabay It’s never too late in life to dabble in cryptocurrency investing – For seniors unfamiliar with the sector cryptocurrency is a type of digital or virtual currency that uses cryptography for virtual transactions. Unlike traditional currencies issued by governments (like the...
Report: Bank of Korea Chief Says Growing Use of Stablecoins Threatens Central Bank Operations
19.12.2023
The Bank of Korea governor Rhee Chang-yong recently stated that the growing stablecoin use threatens the operations of central banks. The possible involvement of global networks like Visa and Mastercard in the stablecoin business will likely undermine the monetary independence of countries like...
Ethereum Smart Contract Framework Updated to Combat Security Concerns
18.12.2023
Ethereum sees significant exchange outflows as investors potentially eye long-term holds. Image by Dennis, Adobe Stock. Ethereum is one of the most widely used blockchain networks globally. Recent findings from CoinMarketCap show that Ethereum has the highest number of total developers, accounting...
From Dogecoin’s Peak to a Sharp Drop: Is This Investor Shifting Focus to Rebel Satoshi’s Growth?
12.12.2023
TLDR Dogecoin has shed 87% of its ATH thus far, and a resurgence is not coming soon. Investors flock to Rebel Satoshi to seize the projected 150% presale ROI. The crypto market is constantly evolving, with top altcoins like Dogecoin (DOGE) undergoing different price changes due to developments...
Thirdweb Begins Mitigation of Vulnerability Affecting Thousands of Smart Contracts
8.12.2023
Thirdweb, a Web3 development framework provider, has announced that it has started mitigating a vulnerability that could potentially affect thousands of smart contracts across several networks. The vulnerability, uncovered in November, impacts various pre-built smart contracts that the framework...
Zero Knowledge Rollups as a Service Hasten the ‘Implementation of Secure and Scalable Networks’ — Alvaro Fernandez
7.12.2023
Alvaro Fernandez, the Chief Operations Officer (COO) at Lumoz, has stated that while zero-knowledge rollups have demonstrated exceptional security and scalability, the technology is still not user-friendly. To address this issue, networks should opt for ZK Rollups-as-a-Service (ZK-RaaS) because...
Zodia Custody Launches New Product to Facilitate Crypto Transfers and Trade Settlements for Institutional Investors
7.12.2023
Image Source: Pixabay Zodia Custody, a crypto custody firm backed by Standard Chartered, has announced the launch of a new product intended to facilitate seamless crypto transfers for institutional investors. Dubbed “Interchange Connect,” the offering aims to create a “network...
10 Best Layer 1 Crypto Projects to Watch in 2024
6.12.2023
Many cryptocurrency investors prefer layer 1 networks over secondary tokens, such as those following the ERC-20 or BEP-20 standards. After all, layer 1 blockchains determine their own consensus models, governance, and transaction processing. This guide analyzes the 10 best layer 1 crypto projects...
Pyth Oracle Network Brings Industry Heavyweights Into Governance Post-Airdrop
5.12.2023
The low-latency oracle network's new "strategic partners" include Castle Island Ventures, Multicoin Capital and Wintermute Ventures. They could play a major role in shaping how the platform evolves
US Space Force Member Proposes Bitcoin’s PoW Systems in Cyberattack Prevention
4.12.2023
Image by Kaleb, Adobe Stock Jason Lowery, a member of the United States Space Force, has proposed the use of proof-of-work (PoW) networks, like Bitcoin (BTC), as a means to protect the country from cyber-inflicted warfare. In a letter addressed to the US Defense Innovation Board, Lowery emphasized...
Celsius Network’s Bitcoin Mining Pivot Faces Hurdles, Judge Suggests New Vote
1.12.2023
Source: Adobe Celsius’ Bitcoin (BTC) mining plans face obstacles as a United States judge hints at a possible new vote to clear deviations. According to a Reuters report on Nov 30, Celsius may require another creditor vote to change its business operations from a mining and staking enterprise...
Vested Digital Assets Worth $750M Set for Release in December After Initial Delay – Will Crypto Prices Sell Off?
27.11.2023
Source: Pexels Locked crypto assets valued at $750 million are set for release by December 2023, according to data gathered from the Token Unlocks platform. A total of four decentralized blockchain protocols are looking to saturate the crypto market with their digital tokens. Among these blockchain...
KyberSwap Hacked for $48 Million, Hackers Suggest Negotiations
23.11.2023
Source: KyberSwap KyberSwap, a decentralized exchange, has been compromised in a hack resulting in the theft of $48 million, prompting the platform to advise users to withdraw their funds while the attackers hint at entering negotiations. On-chain data indicates that the hack on KyberSwap resulted...
Circle Launches Bridging Standard for Stablecoin Deployment on New Networks
22.11.2023
Source: Circle In a first-ever announcement in the stablecoin ecosystem, Circle, makers of USDC, has released a bridging standard for its digital token. Making the announcement in a November 21 blog post, the fiat-backed stablecoin maker pointed out the need to help developers bootstrap stablecoin...
Circle launches 'bridged USDC standard' for deploying to new networks
21.11.2023
Circle published a new standard that allows developers to launch an unofficial bridged version of USDC that can later become native and official
Singapore Unveils Plan to Ensure Seamless Financial Transactions Across Digital Asset Networks
21.11.2023
The Monetary Authority of Singapore’s managing director has outlined the central bank’s plan to ensure seamless financial transactions across digital asset networks. “Currently, there is a proliferation of digital asset networks,” the head of Singapore’s central bank said....