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Daily Crypto Update: Market shrinks as most coins witness a dip


The crypto industry’s constant volatility dilemma has resurfaced as the market has started with a slump. Most cryptocurrencies lost value on Wednesday, even top guns like Ethereum and Bitcoin. The coins have lost 4.64% and 3.27% value in the past 24 hours, respectively. However, it is SOL...

Nigerian Witness Says Binance Users Operate Under False Identities


A witness in the ongoing Nigerian money laundering trial against Binance has alleged that many local users of the cryptocurrency exchange platform are operating under false identities. The witness further claimed that by allowing users to withdraw Nigerian naira (NGN), a regulated activity, Binance...

Germany’s Bitcoin Wallet Dips Below 40,000 BTC After Weekend Transfer


Germany has divested 1,400 bitcoin from its government reserves, reducing the total from 41,226 BTC to 39,826 BTC. Meanwhile, bitcoin has declined 1.7% against the U.S. dollar over the past 24 hours, hovering just above the $57,000 mark. Germany Reduces Bitcoin Holdings to 39,826 Bitcoin This...

The Final Shape Will Be Destiny 2's Big Moment Of Truth


Destiny 2 players have conquered a planet-sized computer simulating the multiverse, earned wishes from space dragons, and slayed alien gods. But one of the loot shooter’s most enduring fictions is that its creators had a decade-long master plan to deliver a transformative story and re-shape...

Witness Chain uses Polygon CDK for DePIN coordination layer development


Witness Chain has announced plans to develop the DePIN Coordination Layer (DCL) with the help of the Polygon CDK (Chain Development Kit). There are multiple functions that the DCL is intended to fulfill.  To start with, it opens the door for the development of composite DePIN DApps, which combine...

Ethereum-based loans witness increased liquidation in April


In the initial two weeks of April, Ethereum-based loans witnessed growing liquidation, whereas crypto prices made a reasonable comeback after a very recent selling-off. In the case of Ethereum, it seemingly encompasses almost the entire lending scenario. As per The Block’s data dashboard, almost...

Witness Chain announces enabling DePINs on the Ethereum network


Witness Chain recently announced that it is enabling DePINs on the Ethereum network. The announcement was made on the official X account of Witness Chain. The string of tweets talked about how Witness Chain is using Polygon Labs and EigenLayer CDK for the development. The blockchain company also...

In 22 Days, Liquid Staking Platforms Witness a 340,000 ETH Decline


According to the most recent data, within the last 22 days, the volume of staked ether locked across various liquid staking derivative token platforms has seen a decline of 2.45%. This downward trend was observed across 27 unique platforms, culminating in a reduction of 340,000 ETH, valued...

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