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The Scalability Solution: Understanding Layer One vs. Layer Two Blockchains
28.9.2023
Layer one (L1) and layer two (L2) blockchains offer different approaches to scaling distributed ledger networks. While developers of L1 blockchains focus on improving the base protocol, L2 programmers have moved transactions off-chain to enable faster and cheaper transactions. What Are Layer...
Mixin Network hack drains $200M from mainnet assets
25.9.2023
Mixin Network suspended all deposits and withdrawals and will restart the services “once the vulnerabilities are confirmed and fixed.”
Breaking: Mixin Network's Cloud Service Provider Hacked, $200 Million in Funds Affected
25.9.2023
Mixin Network has revealed that the database of its cloud service provider was attacked on September 23, resulting in the loss of a substantial sum of assets on the mainnet.
As per the official announcement, the amount of funds affected in the hack was $200 million.
The incident prompted Mixin...
Diminished Activity, L2 Migration Push Ethereum to Turn Inflationary
24.9.2023
Recently, Ethereum has seen a shift towards inflation, sparked by a dip in network activity and onchain fees. Data reveals that, with decreased activity and lower fees, Ethereum’s inflation rate stands at 0.270%. The decline in overall activity and people transitioning to layer two (L2)...
Google Cloud Enhances Access to Blockchain Data, Adds 11 Networks
22.9.2023
Google Cloud has announced an addition of 11 blockchains to its ‘BigQuery’ program for datasets in a bid to provide easy access to blockchain data.
In an official statement on Sept 21, the company disclosed the 11 new networks: Avalanche, Near, Fantom, Optimism, Polygon, Polygon Mumbai Testnet...
Google Cloud Pushes Deeper Into Blockchain Data, Adding 11 Networks Including Polygon
22.9.2023
Google’s cloud-computing business has stored historical data on Bitcoin since 2018, claiming the service provides faster access than can be obtained directly from the blockchain
Revolutionizing the Cryptocurrency World: DEX BANUS Emerges as a Leader in Decentralized Futures
21.9.2023
PRESS RELEASE. Puerto Banus Spain, September 20, 2023 – The cryptocurrency and blockchain landscape is undergoing constant evolution, marked by groundbreaking innovations. At the forefront of this movement stands DEX BANUS. DEX BANUS: Pioneering Decentralized Trading DEX BANUS distinguishes itself...
Wormhole integrates native USDC transfers for four blockchain networks
20.9.2023
Wormhole integrated with Circle’s Cross-Chain Transfer Protocol, allowing USDC to be sent between Ethereum, Avalanche, Arbitrum and Optimism
Brazil's Central Bank Pix Joins Ramp Network's Payment Solutions
15.9.2023
Crypto startup Ramp Network has integrated Pix, a payment method offered by the Central Bank of Brazil.
The integration of Pix is expected to significantly ease onboarding to crypto for both individuals and businesses in Brazil, given the widespread use of the payment method in the country.
The...
21co Unwraps New Suite of Wrapped Cryptocurrencies
12.9.2023
21.co, the parent company of crypto exchange-traded products provider 21shares, has introduced a suite of wrapped tokens pegged to top crypto assets across multiple blockchains. The wrapped tokens are designed to increase liquidity and interoperability between different crypto networks. 21co...
USD Coin officially expands to Base and Optimism networks
5.9.2023
Circle’s USDC is now available natively on Base and Optimism, and Coinbase accounts can transfer the stablecoin to Base for the first time
Lightning Network Sees Sharp 14% Decline in Capacity After Hitting Peak
4.9.2023
Data reveals that the Lightning Network’s capacity, or the total value of open channels, has dwindled by over 14% since July 9, 2023. Following a peak of 5,468 BTC, an estimated 786 BTC valued at $20.32 million has been withdrawn from the secondary network. From Peak to Plunge: Lightning...
No Internet, No Problem: This New Crypto Startup Brings Bitcoin to Local Mesh Networks
1.9.2023
In a world increasingly reliant on internet connectivity, a Florida-based startup is breaking new ground by enabling Bitcoin (BTC) Lightning Network transactions even when there's no access to the web.
The company, called LNMesh, leverages local "mesh networks" to facilitate Bitcoin payments...
Traders Are Paying 2,000% to Buy CYBER as Social Network's Tokens Soar
1.9.2023
The price of the tokens has more than doubled on some exchanges in the past week in an otherwise little-changed market
Polygon Releases 'Chain Development Kit' for ZK-Powered Networks on Ethereum
29.8.2023
The Chain Development Kit (CDK) will allow developers to build their own customizable chains, and connect to each other through a ZK-powered bridge to form a “Value Layer.”
Base Network's Friend.tech App Leads in Activity, Surpassing Arbitrum and Optimism
22.8.2023
Base-based, Twitter-linked Friend.tech app has seen revenue, fees, and activity jump significantly since Friday - surpassing a number of large projects, Layers 2, and Layers 1.
Looking at the revenues at 9:20 on Tuesday morning (CET), over the past 24 hours, Friend.tech took the 3rd place with...
Coinbase Acquires Equity Stake in Circle; Companies Reshape USDC’s Future
22.8.2023
In a joint statement, Jeremy Allaire, CEO of Circle, and Brian Armstrong, CEO of Coinbase, announced the dissolution of the Centre Consortium. Consequently, Circle will take exclusive charge of the issuance and governance of USDC. Additionally, Coinbase has acquired an equity stake in Circle while...
Firms have mere hours to deflect cyber attacks, warns cybersecurity CEO
22.8.2023
Palo Alto Networks CEO Nikesh Arora warned that "bad actors are getting faster" and stressed that companies need to beef up cybersecurity defenses
Friend.tech generates over $1M fees in 24h, surpassing Uniswap, Bitcoin networks
20.8.2023
The platform was launched in beta version on Aug. 11 and allows users to tokenize their social network by buying and selling “shares” of their connections
SEI’s Rocky Start: New L1 Crypto Token Dives 65% in 3 Days Amid Market Turmoil
18.8.2023
The newly listed cryptocurrency SEI took a substantial hit after its debut, plummeting over 65% from its peak value in just three days. The coin’s latest 13% tumble mirrored a decline in the broader crypto market in the last 24 hours. New L1 Token Plummets 65% From Record High Enter SEI, the latest...