Halfway through 2024, total crypto market capitalization maintained its ascent, reaching over $2.27T, reflecting a 37.3% gain year-to-date, after a robust 2023. Gains were concentrated in the first three months of the year, when they increased by a substantial 60.2%. The cryptocurrency market lost some of its gains and sank
July 16, 2024 3 mins read
Satoshi Protocol, the first stablecoin protocol backed by Bitcoin, has secured $2 million in its seed round. Leading the fundraising round were CMS Holdings and RockTree Capital, with participation from prominent angel investors, Metalpha, Optic Capital, Side Door Ventures, and Cypher Capital, a multi-strategy crypto investment firm. With the help of the seed
July 16, 2024 1 min read
In light of the current economic uncertainty in many countries, BlackRock CEO Larry Fink has gushed over Bitcoin (BTC) as an investment opportunity. A further bright spot in the global market, according to the CEO, is expansion in the private sector. After trading below $60,000, the crypto market recovered, and
July 15, 2024 2 mins read
ChromaWay and the European Union will keep working together to create blockchain-based sustainability solutions, the company revealed. The statement came after a presentation at the final review meeting of the EU PCP, which was organized in conjunction with the European Blockchain Services Infrastructure (EBSI) project of the EU. With a
July 15, 2024 1 min read
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