Compared to the previous quarter, Solana’s liquid staking rate increased by 1.76%. The amount of cryptocurrency staked on liquid staking platforms exceeds $54 billion, as reported by DefiLlama. Users may earn additional profits and keep liquidity with a derivative token for DeFi using liquid staking, which is different from regular
July 2, 2024 2 mins read
The Bahamian government has established a two-year deadline to incorporate the “Sand Dollar,” the country’s central bank digital currency (CBDC), into the activities of commercial banks in an effort to increase its acceptance. All commercial banks must allow their customers access to the CBDC, and Governor John Rolle of the
July 2, 2024 2 mins read
The Japanese investment firm Metaplanet purchased $1.2 million worth Bitcoin. Thus, adding to its recent spree of buying Bitcoins. In total, the acquisition of 161.3 Bitcoin (BTC) till now by Metaplanet is valued at 1.65 billion yen. The average buying price for one bitcoin from the firm is 10,231,438 yen,
July 1, 2024 1 min read
Cloud computing division of Alibaba Group, a Chinese e-commerce behemoth, is now housing the blockchain security firm CertiK’s Asian cloud infrastructure. Through this partnership, CertiK will be able to provide Web3 services and host a suite of twelve blockchain apps on Alibaba Cloud. In order to provide its blockchain developers
July 1, 2024 2 mins read
A recent application for a spot Solana exchange-traded fund (ETF) by VanEck and 21Shares likely caused the price of Solana to jump. Moreover, there has been discussion of a potential price surge as many critical measures have continued to improve in the last few days on the Solana blockchain. Solscan
June 30, 2024 1 min read
Installed crypto ATMs have increased by 17.8 percent to 38,279 in the last year, bringing them one step closer to the record of 39,541 established in December 2022. Coin ATM Radar reports that there was a net loss of 2,861 machines in 2023, but a positive trend has been seen
June 30, 2024 1 min read
Even though U.S. Spot Bitcoin ETFs have had upward momentum for four days in a row, the price of Bitcoin is struggling around the $61,000 mark. It is worth mentioning that several market experts have pointed to the recent lackluster trading activity of the U.S. Spot Bitcoin ETF as a
June 29, 2024 1 min read
There has been a data-driven 85% drop in Bitcoin miner withdrawals since the mid-April Bitcoin halving. The onchain analytics platform CryptoQuant said in a June 28 post that the pressure on miners to sell is “weakening.” Miners of Bitcoin (BTC) have had to adapt to a new economic reality for
June 28, 2024 1 min read
Net inflows of $11.80 million were recorded by the eleven spot bitcoin ETFs in the US on Thursday, extending the positive run to three consecutive days. The pace has decreased since Tuesday’s net inflows of $31 million, but the inflows have persisted. SosoValue data shows that Bitwise’s BITB received $8
June 28, 2024 1 min read
Fenix Finance announced the completion of a $300,000 seed fundraising round lead by Layer 3 protocol Orbs. The Blast network’s unified trading and liquidity marketplace will be developed by Fenix with the help of the seed funding. Orbs’ investment will expand its current support for Fenix in its role as
June 27, 2024 2 mins read
