The Solana-powered Neon EVM and Web3 data lake and query engine Subsquid have announced an upcoming collaboration that will make it simpler for dApp developers to access the on-chain data of Neon EVM. The collaboration is the first phase of Subsquid’s much anticipated Solana blockchain expansion. Subsquid is a cutting-edge
April 25, 2024 1 min read
Since spot Bitcoin ETFs were established in the U.S in January, BlackRock iShares Bitcoin Trust (IBIT) saw its first day of zero inflows. In the seven days after its opening on January 11th, IBIT has amassed almost $15.5 billion in investment capital, with daily investments totaling millions of dollars. On
April 25, 2024 2 mins read
Block, Jack Dorsey’s digital payments company, has completed development of a three-nanometer Bitcoin mining chip. The company is now working with a top global semiconductor foundry to finalize the design of the chip. Block mentioned: “With our design showing competitive performance, we are proceeding with the full tapeout. Our mining
April 24, 2024 1 min read
U.S prosecutors submitted a court filing alleging that Binance founder Changpeng Zhao violated anti-money laundering rules (AML) and recommended a 36-month jail sentence for Zhao. The most recent information is that on April 30, Zhao, who resigned as Binance head in November of last year, would be sentenced. A maximum
April 24, 2024 2 mins read
In light of a recent civil case ruling, Terraform Labs and its co-founder, Do Kwon, are facing the prospect of heavy financial penalties from the U.S SEC. A filing made on April 19 in the U.S. District Court of New York in the Southern District of New York states that
April 23, 2024 1 min read
In response to the harsh U.S. sanctions, Venezuela’s state-run oil firm PDVSA has reportedly taken further steps to diversify its revenue streams away from traditional fiat currency and toward digital assets such as Tether (USDT). The United States Department of the Treasury requested last week that all PDVSA users and
April 23, 2024 2 mins read
Recent events have sparked speculation over whether renowned crypto figure Justin Sun has purchased a large quantity of Ethereum (ETH). Assuming this is accurate, it may give the Ethereum price an additional push beyond $3,500 and beyond. An on-chain data provider Lookonchain has uncovered some interesting activity in whale wallets
April 22, 2024 1 min read
Even after the latest halving event, Bitcoin skeptic Peter Schiff continues to criticize the cryptocurrency. Schiff draws attention to the problems with Bitcoin that, in his opinion, are the cryptocurrency’s most basic function. The enormous rise in the cost of making a Bitcoin transaction—now at a whopping $128—is his main
April 22, 2024 2 mins read
The recent trading volatility in the crypto industry is evident from the actions of prominent cryptocurrencies. The spike in cryptocurrency prices post the recently concluded Bitcoin Halving event, however, is evidence that investors praised the event. The market is now experiencing a period of Bitcoin halving euphoria, and investors are
April 21, 2024 2 mins read
The Grayscale Bitcoin Mini Trust ETF is expected to have the lowest market fee at 0.15%. The move has received a lot of support from investors and will probably help Grayscale gain a strong grip on the market. Grayscale plans to launch its Grayscale Bitcoin Mini Trust with a 0.15%
April 21, 2024 1 min read