Ripple’s XRP, had a stretch of relative uptrend over the previous few weeks, ending in a solid performance. As the week came to a close, the cryptocurrency had its most notable increase, with a double-digit gain. Its total weekly gains were boosted by this late-week spike. With a gain of
July 14, 2024 1 min read
Since US stocks have turned around, Bloomberg analyst Mike McGlone predicts that the Fed will soon reduce interest rates. At a critical juncture in the economic landscape after the pandemic, this prediction arrives as the Federal Reserve has been sending mixed signals on a possible change in monetary policy. It
July 14, 2024 2 mins read
When it comes to the US government’s handling of cryptocurrency laws, Solana co-founder Anatoly Yakovenko has openly criticized the approach. Yakovenko voiced his concerns on the X platform. He likened the government’s attitude to regulation to the chaos in the healthcare industry. Consider the efficiency of the healthcare sector for
July 14, 2024 2 mins read
According to a regulatory document made public on July 12, the US SEC has ended its three-year investigation into Hiro Systems. The firm is the developer of Stacks layer-2 blockchain. And was involved in the $70 million token sales that took place from 2017 to 2019. Since its 2018 inception,
July 12, 2024 1 min read
With the announcement of an additional $2 million in private fundraising, Pixelverse, a Web3 brand and game ecosystem, has brought its total raise to $7.5 million. The company’s expansion of its private round drew in several prominent web3 venture capital firms. The $2 million in investment was funded by Arc Community, Crit
July 12, 2024 2 mins read
The SSV-powered distributed validators (DVs) in the new Simple DVT Software Module have been formally deployed and are ready for deposits. Participants in the cluster will perform the DVs related to Lido, the Ethereum middleware solution for liquid staking, using SSV Network Distributed Validator Technology (DVT) among other things. The goal
July 11, 2024 3 mins read
The government of Malaysia attributes the region’s exorbitant power bills on Bitcoin (BTC) mining. According to Akmal Nasrullah Mohd Nasir, Malaysia’s Deputy Minister of Energy Transition and Water Transformation, the country’s power supply was depleted by cryptocurrency miners to the tune of $722 million (RM3.4 billion) from 2018 to 2023.
July 11, 2024 2 mins read
Block, a financial technology behemoth, has just completed the first order for its innovative mining chips. New 3 nanometer (3nm) mining application-specific integrated circuits (ASICs) from Block will be supplied to Bitcoin miner Core Scientific, as stated in a statement made on July 10. Financial details of the sale have
July 10, 2024 2 mins read
For funds, VCs, investors in digital assets, and cryptocurrency firms, today represents a major breakthrough. After a year of careful planning, partnerships, and extensive testing, Nuant is thrilled to present the release of its cutting-edge platform for managing portfolios of digital assets and creating cutting-edge strategies. A complete 360-degree intelligence
July 9, 2024 3 mins read
Sovereign Nature Initiative (SNI) has announced its partnership with Unique Network and WalletConnect on Polkadot. DOTphin, which will make its official debut at Polkadot Decoded 2024, will use NFTs to improve the environment for the better. Strong community support via Polkadot OpenGov led to the approval of this initiative. DOTphin,
July 9, 2024 2 mins read