The Ronin blockchain, developed by Sky Mavis, has recently witnessed remarkable growth, evidenced by a staggering 149% year-over-year increase in Decentralized Finance (DeFi) Total Value Locked (TVL), now standing at $147 million for the third quarter of 2024. This surge represents not only a recovery from past challenges but also a significant shift in user
In a significant development for the country’s tech sector, Nano Labs, a prominent fabless integrated circuit design company from China, successfully concluded a private placement raising approximately $36.25 million. This transaction, initially made public in November, involved the issuance of over 5.6 million Class A ordinary shares, priced at $6.46 per share. The transaction uniquely
In 2024, the cryptocurrency division of Robinhood, a prominent American financial services company, celebrated a remarkable year marked by substantial growth and operational expansions. The firm unveiled its annual report, showcasing a staggering notional trading volume of $119 billion and $38 billion in crypto assets under custody as of November 2024. These figures not only
In the vast realm of digital finance, few individuals combine knowledge and passion as effectively as Semilore Faleti. Initially exploring various subjects, Semilore discovered his true calling in cryptocurrency journalism. Over the span of two years, he has become a significant voice in unpacking the intricacies of blockchain technology and digital assets. His inclination towards
In the rapidly changing milieu of cryptocurrency and blockchain technology, voices that break down complex subjects into digestible content are invaluable. Semilore Faleti has emerged as one such voice, intertwining his deep understanding of the digital asset ecosystem with a strong commitment to social justice. With a diverse background that spans various subjects, Faleti found
Recent trends indicate that Bitcoin is poised for a significant shift, with its price hovering near the critical $100,000 mark. Investors are closely monitoring the market for any signs of a breakout. The question that remains is whether a new all-time high is imminent. Following a rebound from the $52,000 support level, Bitcoin has been
In the ever-evolving landscape of cryptocurrency, forecasts about Bitcoin prices can spark a whirlwind of speculation and intense capital movement. Recently, notable crypto analyst Tony Severino has made a controversial assertion: Bitcoin could touch an extraordinary $120,000 by next week. This provocative claim is not made in isolation but is instead deeply rooted in technical
In an escalating tension within the cryptocurrency sphere, BiT Global has instigated legal proceedings against Coinbase, a behemoth in the digital asset trading landscape of the United States. The lawsuit, filed on December 13, alleges that Coinbase engaged in anti-competitive practices by unceremoniously delisting wrapped Bitcoin (WBTC) in favor of its proprietary wrapped Bitcoin product,
The cryptocurrency world has witnessed a remarkable event in recent days, primarily driven by the endorsement of Travala’s AVA token by Changpeng Zhao, the former CEO of Binance. This pivotal support has led to an astonishing surge of over 300% in the token’s value within a mere 24-hour window. The spike in AVA’s price is
In a fascinating turn of events within the blockchain ecosystem, Solana has supplanted Ethereum as the leading platform for new developer engagement, according to Electric Capital’s 2024 Developer Report. This shift marks the first time since 2016 that Ethereum has not maintained its position at the forefront. The report illustrates an extraordinary influx of 7,625
The ongoing evolution of digital assets and cryptocurrencies has prompted significant discussions surrounding regulatory frameworks. Congressman French Hill, the newly appointed chair of the House Financial Services Committee, is at the forefront of these discussions. In a recent interview, Hill articulated a clear vision aimed at clarifying regulations impacting the booming crypto market and stimulating
In a noteworthy development within the realm of digital currencies, Hunter Horsley, the CEO of Bitwise Asset Management, revealed that a bank in Spain has allocated 2% of its investment holdings to the Bitwise Aptos staking exchange-traded product (ETP). While the bank’s name remains undisclosed, this strategic investment showcases a significant shift in attitudes towards
The realm of artificial intelligence is poised for a major transformation, as Meta unveils its latest innovation—Meta Motivo. This pioneering AI model aims to bridge the gap between virtual characters and human interaction, offering a glimpse into a world where digital avatars not only resemble people but exhibit their nuanced reactions and movements. As the
In a remarkable turn of events, Chainlink’s native cryptocurrency, LINK, has crossed the $29 threshold for the first time in over three years, marking a potent recovery for the digital asset amidst fluctuating market conditions. In the last week alone, LINK has experienced a notable 21% appreciation, establishing itself as one of the leading altcoins
GateToken, the official cryptocurrency of the Gate.io exchange, has experienced an impressive upswing, achieving a peak value of $13.79—an all-time high that underscores its growing popularity in the digital asset space. This spike occurred amidst swirling rumors regarding a potential security compromise. At the time this information was collated, the token stabilized at $13.29, demonstrating
The cryptocurrency market is renowned for its volatility and rapid shifts in momentum, and Ethereum (ETH) is currently at the heart of such an intriguing turning point. With a noteworthy recovery of 4.7% recorded over the past 24 hours, Ethereum is now back in a significant support zone, sparking renewed optimism among both traders and
The Eigen Foundation has recently announced a strategic initiative to allocate 1% of the EIGEN token supply to the Protocol Guild. This collective funding mechanism is essential for the sustained research and development of Ethereum Layer 1. By engaging in this pledge, the Eigen Foundation demonstrates its dedication to fostering a trustworthy environment in the
In recent developments, Italy’s government has stepped back from a significantly proposed tax increase on capital gains derived from cryptocurrencies. Originally part of the nation’s 2025 budget, the government aimed to elevate the tax from an already considerable 26% to a staggering 42%. This strategy intended to raise revenue in the face of growing economic
In the dynamic world of cryptocurrencies, stablecoins have carved out a vital niche, providing a bridge between volatile digital assets and traditional fiat currencies. Among the plethora of stablecoins available, Tether’s USDT has emerged as a frontrunner. Recently, there has been a significant shift in the blockchain infrastructure that supports its issuance, with Ethereum overtaking
The surge in awareness surrounding Web3 technologies, including NFTs and blockchain, signifies a transformative moment in how digital interactions are perceived and utilized across the globe. The latest ConsenSys Web3 Survey, conducted in partnership with YouGov, compiles the views of over 18,000 individuals from 18 different countries, spanning continents like Africa, Asia, Europe, and the
The recent decision by the Australian Securities and Investments Commission (ASIC) to impose a significant fine on Bit Trade, the company behind the Kraken cryptocurrency exchange, highlights the crucial importance of regulatory compliance in the financial sector. The penalty, amounting to $5 million, stems from the unlawful issuance of a credit facility that led to
Ethereum has been experiencing fluctuations within the significant trading range of $3,500 to $4,000. This dynamic price behavior indicates the ongoing battle between buyers and sellers within this critical zone. Recently, Ethereum established a support level near the lower boundary of $3,500, where the bulls have shown notable resilience. This rebound in price suggests that
In the raging sea of cryptocurrency exchanges, Binance has emerged as an unassailable giant, boasting customer deposits of $21.6 billion in 2024. This staggering figure places the platform a remarkable 36% ahead of its closest competitors, as revealed by Dec. 12 reports from DeFi Llama. To contextualize this achievement, it is critical to note that
In the rapidly evolving landscape of decentralized finance (DeFi), World Liberty Financial (WLFI) has made significant strides that put it firmly on the map. With a high-profile endorsement from President-elect Donald Trump, the initiative recently completed an impressive $12 million acquisition of various cryptocurrencies. This investment reflects both the growing interest in DeFi and the
Hamster Kombat, a popular gaming platform anchored on the Telegram ecosystem, has taken a bold and significant step forward by integrating decentralized autonomous organization (DAO) functionality into its framework. This transformative move is designed to pivot the project towards a more transparent, community-focused model, allowing HMSTR token holders to directly engage in decisions that influence
Bitcoin, the marquee player in the cryptocurrency scene, has experienced a turbulent yet exhilarating rise in the past month. After flaunting a robust upward trend that took it from $68,000 to an impressive new high above $100,000 in a matter of weeks, the digital currency encountered a minor setback. The brief decline over Monday and
As the cryptocurrency market continues to expand, so does the sophistication of scams that target inexperienced and unsuspecting investors. A recent trend has emerged, marking a worrying shift in the tactics employed by cybercriminals. These scams leverage the credibility of reputable figures in the cryptocurrency space, using fake social media accounts to deceive individuals into