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Eclipse Labs Raises $50M for Blockchain Scaling Solution Ahead of Mainnet Launch
11.3.2024
Eclipse Labs, a multilayered blockchain builder, has raised $50 million in funding to fuel the launch of its innovative solution for scaling the Ethereum network. The announcement was made on March 11 via the X (formerly Twitter) handle, just weeks before the highly anticipated mainnet launch.
The...
Best Crypto to Buy Today March 11 – FLOKI, Theta Network, Near Protocol
11.3.2024
As Bitcoin (BTC) pushes into the $72,000s for the first time ever and Ether (ETH) rallies to the north of $4,000, crypto investors are assessing which might be the best crypto to buy today.
The post Best Crypto to Buy Today March 11 – FLOKI, Theta Network, Near Protocol appeared first on Cryptonews
Bitcoin’s Hashrate Reaches 618 EH/s, Establishing a New 7-Day SMA Record in 2024
11.3.2024
Bitcoin’s computing power has reached a new peak, ascending to 618 exahash per second (EH/s) as shown by the seven-day simple moving average. Currently, 56 entities are contributing at least 916.26 megahash per second (MH/s) to the network, with the mining pool Foundry USA at the forefront...
Ethereum nears $4,000 while its Network Fees hit 2-year high
11.3.2024
Ethereum recently hit a 4% surge to almost reach the $4,000 mark. The coin stopped at $3,998, according to Coinmarketcap data. Its latest upward momentum was noteworthy, given the boorish performance of standard equities. Ethereum and Bitcoin outperform SP500 returns by 14.7% and 10%, respectively....
Meme Token Frenzy Drives up Ethereum Fees, Testing Network’s Scalability
9.3.2024
Amid a significant uptick in ERC20 tokens, especially meme coins, the expense of conducting transactions on Ethereum has notably increased, pushing the average fee to $22.19 for each operation. Further data indicates that executing a swap on a decentralized exchange (dex) platform could incur...
Meme Coin Frenzy Drives Ethereum Network Fees to Nearly 2-Year High: IntoTheBlock
8.3.2024
Ethereum network fees surged to nearly two-year highs, largely driven by the speculative frenzy with meme tokens such as PEPE, SHIB and FLOKI
Piers Ridyard, CEO of Radix DLT, on The Future of Web3, Wallets, Account Abstraction, and Creating the Game Engine for DeFi | Ep. 315
8.3.2024
Piers Ridyard, CEO of the decentralized network Radix DLT, talks about the “wild ride” through the worlds of smart contracts and Y Combinator, finding Ethereum, mining on its genesis block, selling ETH, getting into Radix, the project’s fundamental principles, and how it goes above and beyond...
Astar Network introduces Yoki Origins with Astar zkEVM
8.3.2024
Astar Network announced the launch of Yoki Origins, a Web3 adventure that has been unveiled in coordination with Astar zkEVM. The objective is to offer a gamified onboarding process to users. They later gain access to a variety of digital collectibles created by artists and enterprises. The unique...
Sui To Host New Tool From Greek Stock Exchange, ATHEX
8.3.2024
The Athens Stock Exchange (ATHEX) plans to deploy a new tool, the Electronic Book Building (EBB), on the Sui blockchain.
The post Sui To Host New Tool From Greek Stock Exchange, ATHEX appeared first on Cryptonews
Bitcoin’s Hash Price Soars as Average Network Fees Spike by 288%
7.3.2024
According to the latest data, bitcoin has been trading above the $67,000 mark, with average network transaction fees experiencing a 288% increase from $3 to $11.64 since Feb. 25, 2024. Meanwhile, BTC has consistently stayed over the $60,000 level for eight straight days, elevating the daily value...
Avalanche becomes an L0 network with Teleporter
7.3.2024
Avalanche has transformed into an interconnected network of multiple chains, facilitated by an exceptional communication system that imparts the illusion of a unified chain, following the implementation of Teleporter. Avalanche’s conventional messaging protocol and Avalanche Warp Messaging...
Candy Token Plummets 87% After Lena Network Rug Pull – Here’s What Happened
6.3.2024
The Lena Network’s newly launched Candy token lost virtually all of its value on Wednesday shortly after the liquidity protocol tried to distance itself from the project.
The post Candy Token Plummets 87% After Lena Network Rug Pull – Here’s What Happened appeared first on Cryptonews
Binance Suspends Solana Withdrawals Amid High Transaction Volume
6.3.2024
Binance, the world's largest cryptocurrency exchange, has temporarily suspended withdrawals to the Solana network due to an "increased volume of transactions."
The post Binance Suspends Solana Withdrawals Amid High Transaction Volume appeared first on Cryptonews
Astar Network introduces Polygon CDK-based Astar zkEVM
6.3.2024
Astar Network presents zkEVM, a Layer 2 rollup enhanced with ZK that was developed utilizing Polygon CDK and an initial chain that was integrated with the AggLayer. At this time, Astar is expected to demonstrate conventional interoperability with Polygon zkEVM and any future blockchains that...
Best Crypto to Buy Today March 5 – Starknet, Theta Network, Optimism
6.3.2024
In wake of a wild day of Bitcoin price action that saw the BTC price hit new all-time highs above $69,000 before profit-taking then drove it briefly back below $60,000, investors are reassessing the market and mulling what could be the best crypto to buy today.
The post Best Crypto to Buy Today...
Polygon Lands First User of New 'AggLayer,' Inking Deal With Astar Network
6.3.2024
By plugging into the AggLayer, Astar users will have access to the liquidity in the Polygon ecosystem, allowing cross-chain transactions between Astar and Polygon zkEVM, making the experience feel like a single chain
Grayscale Launches Crypto Staking Fund – Here’s What You Need to Know
5.3.2024
Grayscale recently announced the launch of the Grayscale Dynamic Income Fund, which will own tokens on nine blockchains: Aptos, Celestia, Coinbase Staked Ethereum, Cosmos, Near, Osmosis, Polkadot, SEI Network, and Solana.
The post Grayscale Launches Crypto Staking Fund – Here’s What You Need...
Fantom Plans Multichain Liquidation to Help Recover Millions Lost in Exploit
5.3.2024
Fantom Foundation, the team that builds Fantom Network, has received a favorable judgement from the High Court of Singapore in its legal action against the cross-chain protocol Multichain.
The post Fantom Plans Multichain Liquidation to Help Recover Millions Lost in Exploit appeared first...
2024 crypto altcoin watch: BlockDAG Network’s stellar rise outperforms InQubeta and XRP momentum
5.3.2024
InQubeta and XRP are carving their niches in the cryptocurrency landscape, with InQubeta advancing with unique features and XRP distinguishing itself through rapid transactions and minimal fees. However, BlockDAG is swiftly emerging as a strong competitor. Anticipated to surge 10,000x in value...
Omni Network Signs $600M Restaking Deal With Ether.Fi to Enhance Security
4.3.2024
Liquid restaking protocol Ether.Fi will commit $600 million worth of ether {{ETH}} in a delegation deal to secure the Omni Network