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Ashfaq

A devoted content writer having 3 years of crypto trading experience. Loves cooking and swimming. Stays up to date with the latest developments on blockchain technology.

Posts by Ashfaq

Worldcoin Partners with Alchemy to Accelerate World Chain Initiative

Worldcoin Partners with Alchemy to Accelerate World Chain Initiative

In order to fuel its grandiose World Chain initiative, Worldcoin partnered with blockchain infrastructure behemoth Alchemy. By partnering with Alchemy, Worldcoin has access to their robust development tools and rollup hosting services. Moreover, the partnership between World Chain and Alchemy is anticipated to hasten the development of the project, which

June 26, 2024 2 mins read
Sonic Surpasses 17M Transactions and 100k Wallets in a Week Post Testnet Launch

Sonic Surpasses 17M Transactions and 100k Wallets in a Week Post Testnet Launch

Within a week of launching its Sonic Testnet Odyssey, Sonic, the first gaming L2 infrastructure to launch on Solana, reported processing over 17 million transactions and amassing over 100,000 unique wallets. As the first atomic SVM Layer-2 designed exclusively for gaming on the Solana blockchain, the astounding milestone highlights the protocol’s enormous

June 26, 2024 2 mins read
Investors Anticipate Steady Interest Rates Amid Mixed PCE Inflation Data

Fed Governor Bowman Says No Interest Rate Cuts Likely in 2024

It is too soon to think about lowering interest rates in 2024, according to Federal Reserve Governor Michelle W. Bowman. The timing of this disclosure is very sensitive, impacting both the regular and crypto markets. The situation has further worsened since important economic data is expected to be released later

June 25, 2024 1 min read
Can Cardano (ADA) Stage a Comeback After the 8% Decline?

Cardano Price Trading in Red, Faces Key Support at $0.37 Level

Earlier, Cardano co-founder Charles Hoskinson dropped a clue about the much-anticipated Chang Hard Fork update two weeks ago, saying that it would likely launch in June. The co-founder went on to say that the Chang Hard Fork is imminent, and that Cardano Node would shortly reach version 9.0. It is

June 24, 2024 2 mins read
CoinStats Halts Operations Post Security Breach Impacting 1,590 Wallets

CoinStats Halts Operations Post Security Breach Impacting 1,590 Wallets

The security breach that hit 1,590 cryptocurrency wallets has caused cryptocurrency portfolio manager CoinStats to temporarily halt user activity. In a post on June 22, X, CoinStats said that the assault had been mitigated and that the platform had been temporarily disabled to isolate the security problem. It went on

June 23, 2024 1 min read
Cardano Unveils New Upgrade to Enhance Staking Accessibility

Cardano Unveils New Upgrade to Enhance Staking Accessibility

Cardano has released a new upgrade, “docker-cardano-cli v8.24.0.0-1,” which was developed by Blinken Labs. Improving staking accessibility is the goal of this release, which further highlights Cardano’s creative edge in the blockchain space. To improve Cardano network stake pool operations, Blinken Labs has launched the most recent version of its

June 23, 2024 2 mins read
Base to Introduce Fault Proofs on Sepolia Testnet in Mid-July

Base to Introduce Fault Proofs on Sepolia Testnet in Mid-July

A major step towards decentralization will be taken by Base in mid-July when fault proofs are introduced on the Sepolia testnet. The integrity of transactions is guaranteed by this important advancement, which seeks to improve the network’s security and dependability. It is critical to comprehend the ramifications of this development

June 22, 2024 2 mins read
Pyth Network and Ondo Finance Partner to Expand USDY's Reach Across 65+ Blockchains

Pyth Partners with Gauntlet and Morpho to Boost Lending on Base and Ethereum

Pyth Network, a real-time market data provider for blockchain applications, has teamed up with Gauntlet and Morpho to provide improved lending and borrowing experiences on Base and Ethereum. DeFi protocols benefit from Pyth’s dependable, low-latency price data, which gives them a competitive advantage and allows them to optimize capital efficiency

June 21, 2024 3 mins read
Crypto Exchange bitFlyer Reportedly Plans to Acquire FTX Japan

Crypto Exchange bitFlyer Reportedly Plans to Acquire FTX Japan

A key event is about to unfold as bitFlyer, a prominent Japanese crypto exchange, is slated to buy FTX Japan. Until today, details about the intention to acquire the local unit of the renowned but now insolvent FTX exchange remained undisclosed. Nonetheless, the arrangements for this transaction are nearing completion.

June 20, 2024 2 mins read
Polkadot (DOT) Faces User Exodus and Bearish Pressure

EasyA’s Developer Community Surpasses 1 Million, Unveils Polkadot Education

In light of the recent announcement that its community has grown over one million developers, EasyA, the leading Web3 education app in the world, plans to begin its Polkadot education campaign to capitalize on this achievement. The platform has grown to be a vital starting point for the industry’s builders,

June 20, 2024 2 mins read