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Fintech Provider Portal Raises $34 Million in Seed Funding
1.2.2024
Portal, the provider of a decentralized Bitcoin ecosystem, announced on Jan. 30 that it has raised $34 million via a seed funding round. Portal said the raised capital is set to fund the development of a decentralized exchange platform and a wallet. Layer 2 Atomic Swap Technology Portal, a fintech...
Portal Raises $34 Million to Develop Decentralized Bitcoin Cross-Chain Swaps
30.1.2024
Fintech provider Portal has raised $34 million in seed funding to develop its Bitcoin-based decentralized exchange (DEX) which will aid cross-chain swaps between multiple networks. In a Jan 30 announcement, the company disclosed an exit from stealth mode and an inflow of $34 million to build...
Ethereum Foundation Reveals Finalized Dencun Upgrade Timeline
26.1.2024
In a recent announcement by the Ethereum Foundation, the Ethereum blockchain network is set for a major enhancement through the introduction of Dencun. The foundation elaborated that Dencun is scheduled to launch on the Sepolia network at epoch 132,608 on Jan. 30, 2024, and will subsequently...
Polygon Nearly Matches Ethereum in Crypto User Acquisition in 2023
26.1.2024
Layer-2 scaling network Polygon (MATIC) came close to matching Ethereum (ETH) in terms of crypto user acquisition in 2023. According to blockchain analytics firm Flipside, Polygon acquired an impressive 15.24 million users during the year, falling just shy of Ethereum’s 15.4 million users....
Is It Too Late to Buy Manta? MANTA Price Blasts Up as Meme Coin Traders Shift Funds to This New Coin
25.1.2024
Promising layer-2 zkEVM Manta Network has seen its native token MANTA blast up in a dramatic rally. Given the rise, many are now asking whether it’s too late to buy Manta? The substantial price move has seen MANTA price hammer-up to a new all-time high, fresh off the back of an impressive...
SatoshiVM Marred by Controversy Days After SAVM Issuance
25.1.2024
SAVM jumped several thousand percent to a market capitalization of as high as $90 million a few hours after issuance
Polymer Labs Secures $23 Million to Build Ethereum’s ‘Interoperability Hub’
25.1.2024
Polymer Labs, the inter-blockchain communication (IBC)-based networking layer two (L2), recently disclosed that it had raised $23 million via a Series A funding round. Polymer said only Ethereum and all chains under the IBC control will initially be compatible with its interoperability solution....
Polygon (MATIC) Competitor Pandoshi (PAMBO) Raises $2 Million in Presale
24.1.2024
A new decentralized finance (DeFi) platform, Pandoshi (PAMBO), is creating quite a stir in the crypto community. This multi-faceted ecosystem has raised an impressive $2 million in its ongoing presale, showcasing its vast potential in the DeFi space. Powered by a Layer 2 network and...
L2 Protocol Manta Network Suffers DDoS Attack, Project Leaders Face Money Laundering Allegations
21.1.2024
Manta Network, a modular layer two (L2) protocol, said a distributed denial-of-service attack on Jan. 18 resulted in the network accumulating a large queue of recent transactions. The attack, which occurred during a token-issuing event, is believed to have severely limited communication between...
Ethereum’s Dencun Upgrade Successfully Launches on Goerli Testnet After Initial Hiccups
18.1.2024
The Ethereum network has successfully implemented the Dencun upgrade on its Goerli testnet. This achievement comes as a part of Ethereum’s ongoing effort to introduce cost-effective data storage solutions on its blockchain. Dencun Upgrade Triumphs on Goerli Testnet After Initial Delay...
Manta Network Suffers DDoS Attack Shortly After Exchange Listing
18.1.2024
Layer-2 blockchain Manta Network suffered a DDoS attack shortly after successfully listing its Manta token on multiple exchanges. In an X post published on January 18, Kenny Li, co-founder of the Manta Network, noted that the blockchain experienced a widespread DDoS attack at 9:30AM UTC. Li said...
Bitcoin Could See Growth in Layer-2 Ecosystem, Drawing on Ethereum's Experience: Report
18.1.2024
The report by Singapore-based blockchain investment Spartan Group and Kyle Ellicott details how these auxiliary networks have drawn a page from the Ethereum blockchain's playbook, and could spring up as demand grows for blockspace on Bitcoin
Frax Finance's Layer 2 Fraxtal to Debut in February: Founder
18.1.2024
Kazemian expects Fraxtal to debut with a bang, attracting at least several hundred million dollars worth of crypto assets in the first month
MANTA Token Airdrop All Set for 18th January – Here’s All You Need to Know
17.1.2024
Manta Network, a platform dedicated to building scalable decentralized applications, is gearing up to reward its community with a MANTA token airdrop. The event, scheduled on January 18, 2024, serves as a gesture of gratitude to the long-term supporters of Manta’s two networks, including...
Ethereum Co-Founder Vitalik Buterin Says Validiums are Not Genuine Rollup Solutions
17.1.2024
Vitalik Buterin, the co-founder of Ethereum (ETH), has ignited a debate about the classification of various layer 2 scaling solutions. The crypto veteran has claimed that Ethereum’s validiums should not be considered genuine rollup solutions. The statement came in response to a post by Daniel...
Manta Pacific Flips Base as Fourth Largest Layer 2 Solution as TVL Surges to $845 Million
16.1.2024
Manta Pacific has moved past Base to become the fourth largest layer 2 scaling solution in the market. The total value locked (TVL) of the network soared past $840 million. Recent data from L2Beat show that Base, an Ethereum layer 2 solution backed by Coinbase, has lost its spot as the fourth...
Is It Too Late to Buy Ethereum Name Service? ENS Price Doubles as New Bitcoin Mining Protocol Goes Viral
15.1.2024
As decentralized naming systems gain traction, Ethereum Name Service has seen ENS price double, leaving some FOMO investors asking is it too late to buy Ethereum name service – find out in ENS price analysis. The bullish moves come after Ethereum founder Vitalik Buterin commented that ENS...
Distributed Validator Technology More Primed to Overcome the Ethereum Validator Overload Challenge – Alon Muroch
14.1.2024
While the Ethereum network’s migration to a proof of stake (PoS) consensus mechanism has seen the protocol become less energy-intensive, Alon Muroch, the founder of the SSV Network core team, said if the number of validators is not contained this can lead to a network overload. The Promise...
Is Internet Computer Crashing? ICP Price Drops 8% as This Bitcoin Mining Protocol Takes All the Attention
12.1.2024
Leading decentralized data protocol Internet Computer has witnessed a sudden -8% drop in ICP price, and with panicked holders asking ‘Is Internet Computer Crashing?’ explore this ICP price analysis to find out. This comes amid excitement in the crypto community for Bitfinity layer-2...
Manta Network’s Ethereum Layer 2 Blockchain Exceeds $800M in TVL
12.1.2024
Source: Adobe / lumerb Manta Pacific, the native Layer 2 modular blockchain of Manta Network, has witnessed a 65-fold increase in Total Value Locked (TVL) over the last quarter. Launched just under four months ago, in October 2023, Manta Pacific’s TVL started at a modest $10 million. However...