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Base outpaces Arbitrum and Ethereum, leading with 48M transactions
8.4.2024
According to recent data, Base, Coinbase’s Layer-2 scaling solution, surpassed Ethereum [ETH] and Arbitrum [ARB] in terms of daily transaction volume. Based on L2Beat data, a tight competition for supremacy developed among the L2s. Base led the field with a noteworthy 47.78 million...
Former IRS Criminal Investigations Chief Joins Chainalysis as Global Head of Capacity Building
8.4.2024
Chainalysis revealed that Jim Lee has joined the company as its global head of capacity building. In this capacity, he will focus on collaborating with international agencies to develop effective solutions against cryptocurrency-based crime.
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Chain Games launches AppChain Supernet Blockchain, empowered by Polygon L2
8.4.2024
Chain Games happily announced in a tweet how they have developed their own app-specific blockchain based on Polygon Supernets technology. They introduced the Chain Games 2.0 network launch, the Chain Games AppChain Supernet Blockchain powered by Polygon Layer 2 unified block space. A fully...
Phishing Campaigns Targeting Etherscan Users Through Advertisements Identified
8.4.2024
A significant phishing campaign targeting users of the Ethereum blockchain explorer Etherscan has come to light, with several advertisements identified as part of the malicious operation.
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PayPal USD Circulation Drops by 39% to $188.5 Million in March: Paxos
8.4.2024
According to Paxos' most recent transparency report on PayPal USD, the circulation of PYUSD in March totaled $188.5 million, marking a 39% decrease compared to the previous month.
The post PayPal USD Circulation Drops by 39% to $188.5 Million in March: Paxos appeared first on Cryptonews
Blubird and Beyond Enterprizes partner for blockchain innovation
8.4.2024
Blockchain solutions pioneer Blubird and disruptive technology leader Beyond Enterprizes have launched a transformative partnership that can potentially alter the blockchain innovation landscape. Beyond is positioned as an incubator partner as a result of this innovative collaboration, which aims...
MACH AVS by AltLayer becomes live on Testnet
8.4.2024
It is exciting news that the recent announcement of the launch of MACH AVS has created a buzz around the crypto world. MACH AVS is a progressive, swift, and active validated service (AVS) for OP Mainnet and Arbitrum One, now live on the testnet. With such an initiation, MACH can go on the mainnet...
Witness Chain announces enabling DePINs on the Ethereum network
8.4.2024
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...
Blockchain Engineer Salaries in Asia Drop by More Than 5%
8.4.2024
Salaries for blockchain engineers went down in 2023 due to tough times in the industry, like layoffs and companies not hiring as much.
The post Blockchain Engineer Salaries in Asia Drop by More Than 5% appeared first on Cryptonews
Crypto M&A Deals up 22% in Q1 2024 From Previous Quarter, Says Advisory Firm
8.4.2024
The latest mergers and acquisitions (M&A) and financing activities in the cryptocurrency sector through the first quarter of 2024 are up 22%, according to a new research note from Architect Partners.
The post Crypto M&A Deals up 22% in Q1 2024 From Previous Quarter, Says Advisory Firm...
HashKey Group Secures Bermuda License, Launches Global Platform
8.4.2024
HashKey COO Livio Weng announces the launch of new platform with over 20 cryptos available targeting potential international users who cannot trade on HashKey Hong Kong.
The post HashKey Group Secures Bermuda License, Launches Global Platform appeared first on Cryptonews
South Korea Tax Body Set to Seize 5,208 Crypto Traders’ Coins
8.4.2024
South Korean tax officials in the city of Pohang are set to seize cryptoassets from 5,208 residents who failed to pay local taxes.
The post South Korea Tax Body Set to Seize 5,208 Crypto Traders’ Coins appeared first on Cryptonews
Russian Fintech Startups Join Digital Ruble Pilot
8.4.2024
Russian fintech firms have begun joining the country’s rapidly progressing digital ruble pilot as the Central Bank looks to widen the scope of its CBDC project.
The post Russian Fintech Startups Join Digital Ruble Pilot appeared first on Cryptonews
8 Blockchain Giants Log $3.77 Billion in NFT Sales in Q1 2024
7.4.2024
Despite experiencing a downturn for four straight weeks, eight blockchain networks logged $3.77 billion in non-fungible token (NFT) sales in the first quarter of 2024. Leading the charge, Ethereum-centric NFTs accounted for $1.4 billion or 37% of the NFT sales during Q1 2024. The Dual Forces...
Web3 Quests Aim To Drive Fan Engagement At Real Life Events and Online
6.4.2024
The crypto bull market may be driving a renewed interest in non-fungible tokens (NFTs). According to DappRadar, the NFT sector has seen a 50% surge in trading volume for the first quarter of this year, generating $3.9 billion in revenue. These findings indicate this has been the strongest quarter...
NFT Sales Slide Continues Amid Record Crypto Volumes, Marking Fourth Week of Decline
6.4.2024
Over the past week, sales volume for non-fungible tokens (NFTs) experienced another week-on-week decrease, marking a 13.72% reduction. This downturn marks the fourth consecutive week of declining NFT sales, a stark contrast to the record-breaking achievements witnessed throughout other sectors...
Blockchain Space Continues to Evolve Even During Lean Periods, Says Michael Amar
6.4.2024
The blockchain and crypto industry has never stood still including during the prolonged lean period known as the crypto winter, asserted Michael Amar, co-founder of the Paris Blockchain Week Summit. Amar believes the resilience shown by market participants during this period demonstrates a...
Solana Founder Explains Reason For Network Glitch
6.4.2024
The flaw that was causing transaction failures and a delay in block finalisation in the blockchain ecosystem was "identified and patched," according to Solana co-founder Anatoly Yakovenko on April 5.
The post Solana Founder Explains Reason For Network Glitch appeared first on Cryptonews
Do Kwon Extradition Case Sent Back To Lower Court In Montenegro
6.4.2024
The fate of Terra founder Do Kwon's extradition returns back to a lower court as a jury finds him guilty of fraud following the Luna crash of 2022.
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Hong Kong Welcomes Crypto With New Initiative For Stablecoin Issuers
5.4.2024
A crypto-supportive bank in Hong Kong is already in touch with five corporate clients planning to become stablecoin issuers.
The post Hong Kong Welcomes Crypto With New Initiative For Stablecoin Issuers appeared first on Cryptonews