Supra, the vertically integrated Layer 1 blockchain with multiVM support, in-protocol oracles, VRF, bridges, and automation capabilities, has enthusiastically launched its StarKey Wallet, a ground-breaking multichain and self-custodial wallet with a novel form of security called “Split Key Recovery,” in advance of its upcoming Token Generation Event (TGE). The primary
July 30, 2024 4 mins read
U.S. authorities recently sent over $2 billion worth of Bitcoin from a hoard they seized from the Silk Road dark web marketplace. The crypto market is trembling because this is one of the largest Bitcoin transactions the government has made recently. Arkham Intelligence reports that the “U.S. Government: Silk Road
July 30, 2024 1 min read
To improve transparency regarding Ethereum reserves supporting the 21Shares Core Ethereum ETF (CETH), 21Shares U.S. LLC, an affiliate of 21Shares AG, has integrated Chainlink’s Proof of Reserve on the Ethereum mainnet. This also affirms CETH as a legitimate holder of Ether. 21Shares selected Chainlink as its decentralized computing platform because
July 29, 2024 2 mins read
The crypto community was anticipating today’s Core PCE inflation report with much anticipation. Inflation dipped to 2.5% in June from 2.6% in May, as reported most recently. Importantly, it has also been consistent with what the market was expecting, while June’s core inflation rate was flat. After cooling to 2.6%
July 27, 2024 2 mins read
On July 26, 2024, the Federal Reserve Board stated that Silvergate Bank and the Silvergate Capital Corporation would not be subject to any further enforcement actions. The notice states that the board’s enforcement action was halted since Silvergate was able to wind down its activities, reimburse clients, and cease to
July 26, 2024 1 min read
A law to legitimize Bitcoin mining has reportedly been passed by Russia’s Duma. This measure, which was approved on the first reading, lays the groundwork for a digital currency mining sector that is regulated. A major change in the country’s stance toward cryptocurrencies is marked by the measure. Which seeks
July 24, 2024 2 mins read
Solend, a Solana lending protocol has announced that it has rebranded as Save and relaunched on save.finance. In order to increase the financial possibilities accessible to Solana users, Save is growing with the launch of three additional products: an LST, an app for memecoins shorting, and a stablecoin. The lessons the Solend team has learnt over
July 24, 2024 2 mins read
Significant trading activity has already been produced since spot Ethereum ETFs first debuted on the U.S. stock market Tuesday morning. The exchange-traded funds amassed millions in total trading volume in less than an hour. At roughly 10:45 a.m. EST, or 75 minutes after the open, the funds reached $300 million
July 23, 2024 2 mins read
With CITI’s “buy” recommendation for Coinbase shares, the prominent cryptocurrency exchange has attracted a lot of interest from investors. The timing of this event, just before the exchange’s expected Q2 results report in early August, has sparked speculation as to why the market is so bullish. Coinbase’s rating has been
July 23, 2024 2 mins read
On July 22, the price of Solana reached $185, its highest point in the last two months, maintaining its bullish momentum, a climb of more than 3.5% in the previous 24 hours. Investors are becoming excited about the possibility of pro-crypto candidate Donald Trump winning, as the recent gains reflects
July 23, 2024 1 min read