After a discouraging crypto winter that cast a bearish shadow over the crypto market between 2022 and 2023, the new year has reintroduced bullish sentiment. With prices surging across the crypto market, the performance of two memecoins have caught the attention of crypto pundits, BEFE and Dogwifhat. These memecoins have sparked a frenzy among investors […]
Solana Steals Spotlight with 600% Rally. Will SOL Flip BNB Again?
Solana (SOL) has secured the 5th position with a market cap of $61.24 billion. Solana’s price has climbed over 6100% in the past five months, from $20.03 to $142.06. Solana (SOL) has made significant strides in the cryptocurrency market, surging over 7% in the past 24 hours. With a market cap of $61.24 billion, Solana […]
Wormhole Announces Massive 617 Million W Token Airdrop to Reward Community Engagement
TL;DR Wormhole, a leading cross-chain bridging service, is planning to release a W token and distribute 617 million tokens (6% of the total supply) to past users. The W token will be introduced natively on both the Solana and Ethereum networks. The specific launch date is yet to be disclosed. Close to 400,000 distinct wallets from the “community and […]
BlockFi Settles for Up to $874.5 Million in Claims Against FTX and Alameda Research
TL;DR BlockFi has reached a preliminary agreement to settle its dispute with FTX and Alameda Research. According to the agreement, the lending company will receive up to $874.5 million in compensation, with $185.2 million coming from FTX and $689.3 million from Alameda Research. Additionally, $250 million will be secured with collateral. This agreement reflects a […]
Ethereum’s Dencun Upgrade Could Mean Near-Zero Fees for Layer-2 Blockchains: Fidelity Digital Assets
The upgrade is the first step toward enabling the network’s rollup-centric roadmap, the report said.Source: CoinDesk The post Ethereum’s Dencun Upgrade Could Mean Near-Zero Fees for Layer-2 Blockchains: Fidelity Digital Assets appeared first on Crypto Breaking News.
LBank Labs Invests in Versatus to Revolutionize Web3 Development
PRESS RELEASE. LBank Labs, a prominent blockchain venture fund, has invested in Versatus, the Universal dApp Engine, to address one of the most critical roadblocks in realizing Web3’s immense promise – the developer shortage. Despite over 27 million developers worldwide, less than 0.1% build for Web3. And out of those few, most leave within a […]
Pantera Raising Funds to Buy Big Solana Holding From FTX Estate
Pantera Capital, the $5.2 billion crypto-focused asset manager, is raising money from large investors to buy deeply discounted Solana tokens from the estate of bankrupt digital-asset exchange FTX.Source: Bloomberg Crypto The post Pantera Raising Funds to Buy Big Solana Holding From FTX Estate appeared first on Crypto Breaking News.
Hong Kong’s Central Bank Announces New Wholesale CBDC to Support Tokenization Market
Project Ensemble will “seek to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money,” HKMA said.Source: CoinDesk The post Hong Kong’s Central Bank Announces New Wholesale CBDC to Support Tokenization Market appeared first on Crypto Breaking News.
Entry of Tradfi Institutions Can Help Reshape User Perceptions Towards Crypto — Sami Start
The recent adoption of cryptocurrency by traditional financial (tradfi) institutions is likely to reshape user perceptions of this asset class and may even foster broader acceptance of blockchain technology, Sami Start, co-founder and CEO of the crypto trading platform Transak, has argued. Start added that the entrance of tradfi institutions into this market is likely […]
Bitcoin miner revenue records second-best day in history
Bitcoin prices retraced over 22% back in April 2021, when daily miner revenue reached its all-time high of $77.3 million. Bitcoin miner revenue recorded its second-best day in history on March 6, a day after Bitcoin (BTC) price hit a new all-time high above $69,200. Daily Bitcoin miner revenue reached $75.9 million on March 6, […]