Solana (SOL) had a positive month in terms of network activity, gaining a large number of users. But bears continued to exert pressure on the token’s price trajectory during this time. A major outage affected the Solana blockchain network on February 6th, keeping the network inoperable for about 5 hours.
February 7, 2024 2 mins read
On February 6, the U.S SEC established new regulations that would expand its registration requirements, encourage more market players to become members of a self-regulatory group, and ensure compliance with federal securities laws and regulations. Crypto and decentralized finance (DeFi) may be subject to further regulation under the new laws.
February 7, 2024 2 mins read
Crypto asset management company CoinShares stated that institutional crypto products had net inflows for the first time in three weeks in their most recent report. Following a precipitous drop of $500 million the week before, investors flooded the crypto market with $708 million last week. The most recent data shows
February 7, 2024 2 mins read
EigenLayer, an Ethereum-based liquid restaking protocol, temporarily lifted its staking cap 14 hours ago, and since then, the total-value locked (TVL) has increased by a whopping $1 billion. In an effort to “invite organic demand” to the network, EigenLayer stated on February 5 that it will temporarily remove its 200,000
February 6, 2024 1 min read
The leading cryptocurrency wallet, Trust Wallet, stated today that it has received the highly sought-after ISO 27001 and ISO 27701 certifications for privacy information management and information security governance. As the first web3 wallet to obtain both the ISO 27001 and ISO 27701 certifications, Trust Wallet is acknowledged as a
February 5, 2024 1 min read
Bitcoin mining is being examined more closely by the U.S. Department of Energy (DOE). This week marks the beginning of a six-month energy consumption evaluation of selected U.S.-based miners by the Energy Information Administration (EIA). The EIA is a statistics department under the Department of Energy (DOE). The survey was
February 5, 2024 2 mins read
After Bitcoin and altcoins plummeted post Jerome Powell’s speech, the cryptocurrency market has swiftly recovered. According to the chairman of the Federal Reserve, the members of the Federal Open Markets Committee (FOMC) did not believe that interest rate reduction could be implemented by March. The outcome was a negative market,
February 2, 2024 2 mins read
One of USDT Issuer Tether’s new initiatives is an educational division that will provide seminars, classes, and other opportunities to learn about blockchain and other digital technologies. With the help of industry leaders and trailblazers, the new Tether division will provide a “smart education environment” for students. Tether USDT is
February 2, 2024 1 min read
January recorded heavy selling pressures in the crypto market, disappointing investors, while the NFT sector saw substantial rises. Consequently, NFT collection index prices increased by almost 10% in January, far outperforming Ethereum which increased by little more than 2%. According to renowned cryptocurrency expert Michaël van de Poppe, Ethereum is
February 1, 2024 2 mins read
Social Network’s testnet release marks the formal debut of the first decentralized Bitcoin Layer 2 Staking Protocol with Native Yield. The protocol finally unlocks the potential for decentralized social networks on Bitcoin by addressing the network’s scalability, cost-effectiveness, and environmental sustainability. Top testnet contributors will get ‘Taproot Farmers,’ a unique
January 31, 2024 2 mins read
