Some market observers were caught off guard last week by the sudden explosion in daily activity of VanEck’s spot bitcoin ETF. The relatively new investment product recorded more than $400 million in trading volume, a gain of almost 1,400% compared to the second most active day of the exchange-trade fund.
February 26, 2024 1 min read
Friendzone, a Web3 platform that redefines Social Finance (SocialFi) on the blockchain and is scalable and sustainable, has made its official debut on the Polygon Proof-of-Stake network. The Social Capital Marketplace launch marks the first of Friendzone’s many significant turning points in its goal to top the social media dApp
February 26, 2024 5 mins read
Polkadot has granted Dedicated liquid staking middleware Bifrost a 500,000 DOT treasury loan, the company stated. The one-year loan is meant to support the adoption, utilities, and use cases of the asset across DeFi dApps within the Polkadot ecosystem, including Substrate and EVM parachains. It was made possible after the Bifrost
February 23, 2024 2 mins read
According to analysts at JPMorgan, the current spike in cryptocurrency prices is not due to market fundamentals or institutional investors but rather to irrational trading choices made by individual traders. On Thursday, analysts headed by Nikolaos Panigirtzoglou of JPMorgan released a report stating that, similar to stocks, they found that
February 23, 2024 2 mins read
The co-founder of NFT powerhouse Yuga Labs, Greg Solano, has declared his decision to step into the position of chief executive officer. Daniel Alegre, who was chief operating officer of Activision Blizzard and served as CEO for about 10 months at Yuga Labs, is making way for the co-founder. Even
February 21, 2024 1 min read
The first-ever Bitcoin Layer-2 staking protocol, Social Network, has unveiled a list of technology partners and highlighted their respective contributions as it develops an eco-friendly staking protocol for the Proof-of-Work blockchain. Social Network has started an early testnet Bitcoin staking incentives program using its in-house wallet, Earth Wallet, in addition to
February 21, 2024 3 mins read
The Pyth Network has introduced its Bitcoin ETF Price Feeds to provide DeFi developers and consumers with real-time, reliable pricing data for 13 Bitcoin exchange-traded funds. For the cryptocurrency sector, the introduction of Bitcoin ETFs this year marked a major turning point. The world’s biggest cryptocurrency is now accessible to mainstream
February 21, 2024 4 mins read
Mastercard, a payments behemoth, is collaborating with Swoo Pay, a mobile payments service that focuses on developing countries, to provide loyalty benefits in crypto. Major payment networks such as Visa and Mastercard have long allowed users to earn digital currencies as a kind of incentive, similar to loyalty points. Not
February 20, 2024 1 min read
UNKJD Studios recently revealed the Brazilian release of its first mobile game, UNKJD Soccer. The soccer game, the result of two years of rigorous development and beta testing, blends thrill from the field with strategy. Brazil will be the first market to get access to UNKJD Soccer’s cutting-edge features, which
February 20, 2024 2 mins read
According to the most recent data from CoinShares, crypto funds managed by asset managers including BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares had record inflows of $2.45 billion worldwide last week. The new U.S. spot Bitcoin ETFs have been the most successful so far this year, bringing in $5.2 billion
February 20, 2024 1 min read