According to the US Bureau of Labor Statistics, annual inflation in the United States for April came in at 4.9%, which was lower than the consensus estimate of 5%. In addition, after increasing by 5.6% in March, the annual core inflation rate declines to 5.5% in April. As a consequence,
May 10, 2023 1 min read
A record 2,863,240 transactions were handled on the BobaBNB platform in April, according to Boba Network, the only multichain Layer 2 (L2) solution and the only active L2 on the BNB Chain. This is an increase from 585,818 transactions in March and 99,362 transactions in February. BobaBNB now processes more
May 10, 2023 2 mins read
The crypto community in Nigeria is ecstatic about the recent ratification of the National Blockchain Policy. Because it means the sector has an opportunity to grow. The impact of this new legislation on Nigeria’s blockchain ecosystem has been discussed by a few industry leaders in the country. A National Blockchain
May 8, 2023 1 min read
According to CEO Brad Garlinghouse, Ripple will specifically expand to the city of Dubai. This news was also shared by Garlinghouse during today’s Dubai Fintech Summit as the major crypto solution provider has revealed plans for growth. Middle Eastern consumers and regulations were two of the main considerations cited by
May 8, 2023 1 min read
On Saturday, May 6, 2023, the total TVL across all DeFi platforms was $49.31 billion, with Lido Finance in the lead with a 24.82% stake, or $12.24 billion. Since last month, Lido’s TVL has increased by 9%, with a modest weekly growth of 2.42%. MakerDAO, Aave, Curve Finance, and Uniswap
May 7, 2023 1 min read
After waiting for the Shanghai update, Ethereum stakers may now make withdrawals. Since the staking option was initially unveiled in December 2020, several people had been holding out in anticipation. The fact that Kraken’s U.S. staking clients seem to have been more or less drained from the system is perhaps
May 7, 2023 1 min read
Prominent exchange Coinbase has said that it would not support the Web3 gaming startup’s effort to distribute an improved GALA token through airdrop to current holders on May 15. This week, the crypto exchange informed that on May 12, it would stop supporting the GALA token (Gala V1). This means
May 6, 2023 1 min read
To improve the safety and reliability of its platform, BabyDoge seems certain that it has found a workable solution. The deflationary token platform apparently wants 100 quadrillions of BABYDOGE on the Ethereum blockchain to be burned, as suggested in a Twitter poll post. Exciting News: A Proposal to Strengthen Security
May 6, 2023 2 mins read
Letitia James, New York’s attorney general, has proposed a bill to regulate the cryptocurrency sector. It will give the New York State Attorney General more power over local crypto companies. The development of the crypto sector in New York has been stunted by the state’s regulatory measures. New York is
May 5, 2023 1 min read
According to a letter sent to shareholders on Thursday, Block reported a 16% rise year-over-year in Bitcoin gross profit to $50 million in the first quarter of 2023 due to an increase in Bitcoin sales to clients. Block said that it had received $2.16 billion in Bitcoin sales income, an
May 5, 2023 1 min read
