The resolution of a security incident affecting one of Lido DAO’s Node Operators, Numic, has caused the token price of Lido DAO (LDO) to surge. At the time of writing, LIDO is trading at $2.21, up 14.61% in the last 24 hours, as per data from CMC. There has been
May 22, 2024 2 mins read
Vitalik Buterin, co-founder of Ethereum, recently spoke out in favor of open-source AI models in a debate on AI’s future. At the same time, this change is a reaction to rising worries about the AI industry’s concentration of power. Furthermore, the co-founder has highlighted the dangers of highly intelligent AI
May 21, 2024 2 mins read
An Ethereum custody service has been soft-launched by digital assets platform Prometheum in preparation for a full launch of crypto services later this quarter. As far as the digital currency ecosystem is concerned, this product launch was the first of its type, according to Fortune. Because of its contentious position
May 21, 2024 2 mins read
In light of the impending implementation of the Markets in Crypto-Assets Regulation (MiCA) in the European Union, cryptocurrency exchange Kraken is contemplating the removal of support for the stablecoin Tether (USDT). Kraken is reportedly “actively reviewing” strategies to meet the requirements of the forthcoming MiCA framework, as reported by Bloomberg
May 18, 2024 1 min read
The biggest stablecoin in the world, Tether (USDT), has minted yet another $1 billion worth of USDT, putting its market cap beyond $110 billion. This might be the much-needed catalyst for Bitcoin’s next climb to new all-time highs. An additional $1 billion worth of USDT was minted by Tether’s Treasury
May 17, 2024 2 mins read
In response to a change in the bitcoin mining hashrate, JPMorgan has raised its primary estimate of the cost to produce one bitcoin from $42,000 to $45,000. After the halving, the crypto community expected the hashrate to fall sharply as miners who couldn’t make a profit would leave the network.
May 17, 2024 1 min read
The French government has now begun to investigate the cryptocurrency exchange Bybit for possible regulatory violations. This comes regardless of reaching a worldwide user milestone of 20 million after five years of operation. Regarding Bybit’s unlawful status in the region, the French financial regulatory authority, the Autorité des Marchés Financiers
May 16, 2024 2 mins read
As it commemorates the third anniversary of its mainnet debut, Internet Computer Protocol (ICP), a decentralized blockchain network that expands the capability of Web3 by overcoming the constraints of conventional blockchains and smart contracts, today announced the “Year 4 Internet Computer Roadmap”. The updated roadmap includes major areas of development aimed
May 16, 2024 4 mins read
Just recently, the Shiba Inu (SHIB) team announced the release of ShibaSwap on Shibarium, a solution for layer-2 scaling, much to the delight of its community. With the release of ShibaSwap on Shibarium, the much-anticipated platform for the Shiba Inu ecosystem, the project has entered a new phase of rapid
May 15, 2024 2 mins read
In an effort to facilitate more international commerce in Africa, TBD, a digital payment business backed by Jack Dorsey, has established a collaboration with Chipper Cash. The business has announced plans to increase its footprint across 40 African nations. Block, which TBD is a subsidiary of, was co-founded by Jack
May 15, 2024 2 mins read