Shiba Inu’s Ethereum-based layer 2 blockchain solution, Shibarium, has achieved a significant milestone by surpassing one million blocks and three million transactions since its launch in late August 2023. This achievement can be attributed to the Shiba Inu token burn movement, which encouraged investors to migrate from centralized exchanges to Shibarium. The platform’s growth in […]
Bitcoin developer Robin Linus has proposed a new approach called BitVM that would allow for arbitrary computation on the Bitcoin network without the need for a soft fork. This proposal aims to incorporate Ethereum-style smart contracts into Bitcoin, enabling the network to support Turing-complete contracts without disrupting the original protocol. BitVM utilizes fraud proofs and […]
Billionaire hedge fund manager Bill Ackman is potentially collaborating with Elon Musk’s X platform, formerly known as Twitter. This unexpected partnership has sparked interest in the cryptocurrency community, particularly regarding its implications for Dogecoin. Currently, Dogecoin is trading at under $0.060 and is the ninth-largest cryptocurrency with a market cap of $8.3 billion. Dogecoin co-founder […]
Decentralized social media protocol Friend.Tech has introduced a two-factor authentication (2FA) security feature in response to recent sim-swap attacks on its users. The 2FA adds an extra layer of protection for users, particularly in cases where their mobile carrier or email service has been compromised. Users will now be required to enter their passwords each […]
Blockchain data indicates that Alameda Research, a cryptocurrency trading firm, redeemed over $38 billion worth of Tether (USDT) tokens in 2021, despite not having the equivalent assets under management. This information was flagged by Coinbase director Conor Grogan. Onchain data shows that Alameda was responsible for minting $39.55 billion of USDT, which accounts for 47% […]
On October 5th, the Reserve Bank of Zimbabwe (RBZ) launched a new digital token called Zimbabwe Gold (ZiG) as a payment method. This initiative was first introduced by the central bank in April 2023, with the aim of encouraging local investors to invest in national assets rather than relying on the American dollar. The RBZ […]
A dormant Bitcoin wallet, known as “17TZNT,” has suddenly become active after six years of inactivity. The wallet moved 2995 BTC, equivalent to $82.3 million, to two new addresses on October 10. This comes after the wallet received 3,200 BTC in 2016 and transferred 204 BTC one year later. The price of BTC has increased […]
One of the CrypToadz non-fungible tokens (NFTs) recently sold for a staggering $1.6 million, despite the average price of these tokens being under $1000. The sale took place on the OpenSea market and involved a digital artwork representing a small amphibious creature. The CrypToadz collection gained significant popularity during the NFT boom in 2021, generating […]
Charles Hoskinson, the creator of Cardano, has criticized the media’s favorable portrayal of Sam Bankman-Fried (SBF), the founder of FTX, who is currently facing a criminal trial. Hoskinson referred to SBF as “the Bernie Madoff of my generation” and expressed disapproval of the elite support he has received, particularly in a new book by Michael […]
Cardano’s Project Catalyst Fund10 recently concluded with record-breaking participation and a surge in community engagement. Over 400,000 ADA enthusiasts participated in the funding round, submitting 1,500 developmental ideas. However, amidst the ambitious funding requests and applications, controversies arose, highlighting the need for scrutiny and transparency in decentralized funding initiatives.Project Catalyst, known as the largest decentralized […]
