On March 9, the total value locked in DeFi protocols surpassed $100 billion, thanks to the demand for Bitcoin which is boosting the mood surrounding the crypto sector. Data from DefiLlama shows that decentralized financial protocols have a total value locked (TVL) of $100.1 billion, with a volume of over
March 10, 2024 2 mins read
In the run-up to the pivotal halving, Bitcoin miners had hoped for a rapid mining rate. Bitcoin miners have reportedly hit a new monthly energy consumption peak, according to a Bloomberg article. Bitcoin prices have remained high and skyrocketed due to the supply shock and the simultaneous increase in the
March 9, 2024 1 min read
With the emergence of Bitcoin (BTC) as a valuable asset, crypto-friendly travel service Travala.com is introducing a BTC cashback scheme to reward its premium customers. Those who reached the Smart Diamond level of the loyalty reward program run by the AVA Foundation’s blockchain platform may take advantage of Travala’s new incentive
March 7, 2024 2 mins read
With the launch of its Next platform, cryptocurrency exchange Binance lets users predict which tokens will be added to its futures exchange next. In a statement today, the exchange said that users might suggest tokens to be listed. Any trader may bet on a nominee after they’ve been nominated. In the event
March 7, 2024 1 min read
A recent introduction of Grayscale’s Dynamic Income Fund (GDIF) raised concerns from Cardano Founder Charles Hoskinson, who wondered why the fund did not initially include Cardano (ADA) in its asset selection. Grayscale, well-known for its Bitcoin ETF and other cryptocurrency investment products, introduced GDIF, its first actively managed fund, with
March 7, 2024 1 min read
Magic Square, a Web3 app store, is allotting $66 million of its native SQR token for grants to support projects that are listed on its platform. The notification sent to CoinDesk via email on Wednesday states that the Ecosystem Grant Program has 120 million SQR, or 12% of the total supply of
March 6, 2024 1 min read
The blockchain firm IO Research, which focuses on artificial intelligence (AI), said on Tuesday that it has secured $30 million in a Series A fundraising round from investors led by Hack VC along with other prominent investors that include Multicoin Capital, Delphi Digital, Solana Labs, Aptos Labs, OKX and more.
March 5, 2024 2 mins read
A further triumph in the extradition case to the U.S has been achieved by Terra co-founder Do Kwon. An official translation of Tuesday’s announcement states that the highest court in Montenegro reversed a lower court’s decision to extradite Do Kwon to the United States. Do Kwon has now won three
March 5, 2024 2 mins read
As the platform takes yet another hit, crypto exchange Coinbase reassures customers that their assets are secure. Customers of Coinbase Inc. reported a problem with the platform during the recent spectacular price surge of Bitcoin (BTC). Many customers were worried when their account balances supposedly showed zero due to a
March 5, 2024 1 min read
Vitalik Buterin, co-founder of Ethereum, lauded Reddit on Monday for its plan to include contributor ownership in its impending IPO. But he’s bummed out because Reddit’s contributors are subject to restrictions set by American law. Reddit is a prime platform for the cryptocurrency community to connect, debate, and share news,
March 5, 2024 1 min read
