Ethereum is known to be a reliable, decentralized network that supports smart contracts coded using a programming language that many Web3 developers understand. It also hosts several successful decentralized finance (DeFi) projects. However, the network is expensive and considerably slow. It is…
It is quite challenging to scan and analyze a blockchain, especially when sorting through millions of transactions and thousands of addresses. But Blocktrace, an Austin-based company, is hoping that an (AI) artificial intelligence technology can ease the blockchain analysis process. Software engineer…
y00ts is finally migrating to Polygon, and early data shows the NFT holders are supporting that move. As of this writing, over 80% of the NFTs have already migrated to their new home from Solana. Web3 startup DeLabs is the creator of…
The total crypto market cap declined by 0.9% to $1.2 trillion after posting outflows of nearly $4.1 billion in the past day. Bitcoin’s market valuation declined from $548.8 billion to $543.9 billion, while the Ethereum market cap fell to $214 billion from…
Recently, the well-known American actor, producer, and screenwriter Matt Damon gave an interview discussing his contentious participation in the Crypto.com advertisement. In response to the widespread mockery, Damon said that the purpose of the advertisement was to raise money for his charitable…
Blockchain adoption is being driven by nations for a wide range of reasons, such as the realization of its potential to revolutionize various sectors of the economy. These nations are embracing the disruptive potential of blockchain technology, which is being hailed as…
Coinbase, a prominent digital asset exchange, has voiced its backing for Australia’s efforts to establish a regulatory framework for digital assets. The Australian Treasury’s token mapping initiative, reportedly a global first, aims to identify and classify different types of digital assets, and…
In a shocking turn, Seychelles-based virtual currency exchange OKX has recently unearthed $157 million in online holdings owned by prominent firms FTX and Alameda Research. As a result of the discovery, OKX has pledged to transfer the assets to the insolvency estates…
Damex.io, a company operating in the digital asset space and based in Gibraltar, has disclosed plans to initiate an Initial Exchange Offering (IEO) for its utility token. The IEO is set to take place on April 19, 2023, and will be hosted…
According to reports, UBS Group AG (UBSG.S) has appointed Sergio Ermotti as the CEO to spearhead its major acquisition of Credit Suisse (CSGN.S). This move has surprised many and is believed to be a strategic decision to leverage Ermotti’s experience in restructuring…
Many traditional investors consider Real estate a good investment. But what about digital real estate? NFTs (Non-Fungible tokens) representing virtual land have made headlines since the birth of the metaverse, with some selling for over a million dollars. Virtual land is the…
A lawsuit leveled by the CFTC (Commodity Futures Trading Commission) against Binance on Monday had a significant effect on the market as cryptocurrencies like BTC and ETH dropped. However, legal experts have claimed it won’t substantially impact the ongoing Voyager bankruptcy case….
The crypto market has seen $70 million in inflows over the past day. The total market cap is up 5.4% to $1.22 trillion. Bitcoin’s market valuation rose by 5.78% to $547.89 billion, while that of Ethereum surged 5.6% to $221.56 billion. All…
As part of the 2023 budget proposal, the Canadian government has mandated that pension funds under federal regulation must report their crypto asset exposure to the Office of the Superintendent of Financial Institutions (OSFI). High-profile bankruptcies spark reform The report indicates that…
The Governor of South Korea’s Financial Supervisory Service (FSS), Lee Bokhyun, recently revealed that the country could lift its short-selling ban later this year, depending on market conditions. This policy change could significantly impact foreign investors’ interest in the South Korean market,…
NatWest has taken a firm stance on protecting its customers from the risks of cryptocurrency-related fraud. From now on, the daily limit for transfers to such exchanges will be capped at £1,000, with a monthly limit of £5,000. According to NatWest’s head…
According to Chris Burniske, a partner at Place Holder and former head of crypto at Ark Invest, the United States attempts to exert pressure on the crypto industry will have an adverse effect. In a recent TV interview on The Exchange, Burniske…
To better understand how the Ethereum network works, you must first know these three components: ETH, ERC-20 tokens, and gas. They collectively power the network, let developers create their own tokens on the Ethereum blockchain and incentivize validators. What is ETH? The…
On Monday, dYdX revealed the launch of the V4 private testnet, a massive milestone that will see the DEX (decentralized exchange) leave the second-largest blockchain, Ethereum. dYdX also announced that the platform will start running on Cosmos by the end of September….
Coinbase has continued to lure developers into building various projects in its layer-2 network called Base. This time around, the leading crypto exchange in the United States is targeting creators of flatcoins, stablecoins that are not pegged to fiat currencies like the…
