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Metis (METIS) Token Surges 50% Following Announced Grant, Attracting Investor Interest
26.12.2023
Source: iStock METIS, the native cryptocurrency of the layer 2 network Metis, experienced a surge of up to 50% in the past 24 hours, driven by the buzz surrounding a recently revealed grant that is making rounds in the crypto community. In mid-December, the MetisDAO Foundation, responsible for...
Tether Mints $1 Billion USDT for “Inventory Replenish” on Ethereum Network
26.12.2023
Source: Pixabay Tether has minted $1 billion USDT for an “inventory replenish,” according to CEO Paolo Ardoino. In an X post on Monday, blockchain tracking platform Whale Alert reported that the Tether Treasury had minted $1 billion of its eponymous stablecoin, USDT. Tether CEO Ardoino responded...
TOPGOAL announces partnership with Polyhedra Network
26.12.2023
TOPGOAL has announced entering into a partnership with Polyhedra Network. The objective is to elevate the gaming experience in Footballcraft, crafted by TOPGOAL, with interconnected, secure, seamless, and trustless gameplay. Polyhedra has been chosen because it is currently the leader in...
Bitcoin Hashrate Hits New All-Time High, Exacerbating Profitability Challenges for Miners
26.12.2023
Source: AdobeStock / Photocreo Bednarek The hashrate of the Bitcoin (BTC) network has reached a new all-time high, putting additional pressure on miners who are already grappling with a slump in profitability. According to data from Blockchain.com and Bitinfocharts, Bitcoin’s hashrate soared...
zkSync Era Resolves Network Glitch Triggered by Automated Safety Check
26.12.2023
Source: zkSync The zkSync development team recently addressed and resolved a network glitch in the zkSync Era platform with “no funds at risk,” according to a post by zkSync Development. The network glitch in the zkSync Era platform occurred on Dec. 25 at 05:50 UTC, as reported by the development...
eTukTuk Boosts Drivers’ Income by Up to 400% – What’s in it for Investors?
23.12.2023
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. eTukTuk is a holistic EV (electric vehicles) ecosystem designed specifically for developing economies. In addition to three-wheeler taxis that run on electricity, it consists of a blockchain...
Bitcoin Network Fees Reach $40 in Surge; Polkadot & Borroe Finance Eye Massive Growth
23.12.2023
Bitcoin network activity increase has triggered a significant spike in transaction fees, soaring to as high as $40.00. In the face of market fluctuations, Polkadot is dominated by new proposals. Meanwhile, Borroe Finance ($ROE), one of the new DeFi projects, introduces an AI and NFT-powered funding...
Is Sei Going to Zero? SEI Price Drops 13% as Latest Meme Coin Surges Past $4 Million Milestone
22.12.2023
Sei Network (SEI), an open-source layer-1 blockchain, has undertaken a localized -13% retracement following the +20% SEI price surge – leaving some panicked traders asking ‘is Sei going to zero’?. The initial pump came as markets flipped bullish on Sei Network’s promise of empowering...
Cassava Network integrates Polygon PoS
21.12.2023
Polygon has announced that Cassava Network has integrated Polygon PoS. While both sides have been partners before, the most recent one pertains to accelerated adoption, specifically in Africa. Moreover, the partnership between Polygon and Cassava Network entails undertaking programs like literacy...
Is Helium Going to Zero? HNT Price Drops 5% While New Mining Project Reaches $5.6 Million Milestone
21.12.2023
Helium Network – the leading decentralized internet of things provider – has undertaken a sudden -5% HNT price drop as price retraces from break-out footing, leaving some traders asking ‘is Helium going to zero?’. This comes amid sensational market hype around...
Billionaire Tim Draper’s Endorsement Skyrockets Stacks Token by 25%
21.12.2023
Tim Draper. Source: a video screenshot, Anthony Pompliano / YouTube Stacks (STX), the native token of the Bitcoin layer 2 solution Stacks Network, surged by 25% for the day on Wednesday following positive remarks from renowned investor Tim Draper. The boost in the token’s price came as Draper...
Bitfinex Securities Announces Successful Tokenized Bond Issuance on Liquid Network
21.12.2023
Source: Bitfinex Bitfinex Securities has successfully raised over $5 million in USDT through the issuance of one of the world’s first tokenized bonds on the Liquid Network. ???? Bitfinex Securities is proud to announce a successful raise of $5.2M USDt in one of the world’s first tokenized...
Layer3 P2P Clearing Network Yellow Launches Incentivized Testnet
21.12.2023
Peer-to-peer Layer3 Yellow Network has announced it is launching a beta version of its testnet, along with an exclusive incentive program. Yellow will carry out a selection program to identify testers eligible to participate in network activities in return for rewards. Following this closed beta...
Will the Next Bull Market Repeat the Success of “DeFi Summer”? It Depends on Seamless Cross-Chain UX
21.12.2023
Interoperability, enabling seamless transactions and communications across multiple blockchains, has long been a goal of crypto developers. Only with truly seamless interoperability is it possible to unlock the network effects of blockchain ecosystems, allowing liquidity and users to flow between...
Chinese Bank Seals First-ever Cross-border CBDC-powered Precious Metals Deal
21.12.2023
Source: pla2na/Adobe The Bank of China has completed the world’s first cross-border CBDC-powered precious metals deal – a gold transaction worth some $14.1 million. Per the Shanghai Securities News and the China Securities Network, the deal involved the Shanghai Branch of the Bank of China,...
Grant Thornton: Family Offices Are Warming Up to Blockchain and Crypto
21.12.2023
A report issued by Grant Thornton, a professional services network, has revealed that family offices are eyeing crypto and blockchain to increase their investments in these areas. More than half of the family offices consulted have already invested in digital assets, with 38% allocating less than...
Protocol Village: Bitfinex Securities Announces First Tokenized Bond on Liquid Network
21.12.2023
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Dec 21-Jan. 3. (EDITOR'S NOTE: We will be taking much-needed time off around the end of the year, so updates will be less frequent. Happy holidays!)
Best Crypto to Buy Today December 20 – Near, Stacks, Sei
20.12.2023
Technical indicators and developments point to Near Protocol, Stacks, Sei Network, Sponge V2, and Bitcoin Minetrix as strong options for the best crypto to buy today. Image by cryptonews.com. Stacks’ near 30% STX price increase so far today has captured the attention of market observers,...
Rollups On Bitcoin? BOB Launches Public Testnet For Scaling BTC
20.12.2023
Bitcoin (BTC) layer 2 startup ‘Build on Bitcoin’ (BOB) has announced the launch of its public testnet, which intends to imbue the premiere crypto network with the functionality of Ethereum (ETH), its most popular rival. The protocol is designed as a one-click bridge to Ethereum’s DeFi ecosystem...
Bitcoin’s Hashrate Hits Historic 527 EH/s Lifetime Peak, Shattering Previous Records
20.12.2023
Recent data, analyzing the seven-day average of Bitcoin’s hashrate, reveals yet another lifetime peak in the network’s performance. On Dec. 20, 2023, Bitcoin’s hashrate climbed to an unprecedented high. The seven-day simple moving average (SMA) indicates that the hashrate...