After suffering a $230 million breach, cryptocurrency exchange WazirX intends to launch a Recovery Token to pay off creditors. According to the official announcement, creditors will have a concrete way to get their money back since the token would be airdropped to them based on their platform balance. The India-based
November 6, 2024 2 mins read
exSat Network, a cutting-edge scaling solution that was developed to broaden and improve the Bitcoin ecosystem, is thrilled to announce the introduction of the exSat bridge, which will provide Bitcoin staking. As a result of this development, which comes just under two weeks following the introduction of the mainnet, Bitcoin
November 5, 2024 2 mins read
A recent report by Binance Research ‘Understanding the Rise of Memecoins’ explores how economic and cultural changes have fueled the meteoric rise of memecoins as a distinct asset class within cryptocurrencies. The macroeconomic environment, including inflation and growing financial disenchantment, especially among Millennials and Gen Z, is examined first. In this setting,
November 4, 2024 3 mins read
There has been no shift in the status quo of the ongoing legal dispute between Ripple and the US Securities and Exchange Commission (SEC), yet institutional investors are becoming more interested in XRP. There seems to be a shift in viewpoint within the sector, as seen by the increasing backing
November 3, 2024 2 mins read
The fastest parallel MPC network in the world, Ika (previously dWallet Network), announced today that it has launched on Sui, a cutting-edge Layer 1 blockchain and smart contract platform. As an alternative to bridging, Ika provides safe interoperability across Ethereum, Bitcoin, Solana, Polygon, Avalanche, TON, and more. This empowers developers of
October 30, 2024 2 mins read
Investors all over the world have been enthralled by the crypto market; especially in the United States, the excitement surrounding altcoins is still running strong. These are the top five cryptocurrencies that American investors really value for their innovative use cases, robust communities, and growth potential. Ethereum (ETH) Still the
October 28, 2024 3 mins read
Chromia, a Layer-1 relational blockchain platform, has announced a strategic investment and technical collaboration with Chasm Network, a market leader in decentralized artificial intelligence. The need for accountability and transparency in these systems has increased as AI is incorporated more and more into daily tasks. In order to address these
October 21, 2024 3 mins read
GPU DePIN io.net has made the announcement that it has entered into a strategic relationship with ParallelAI, which is the leading provider of solutions for optimizing parallel processing for artificial intelligence developers. Through the partnership between the two organizations, the decentralized GPU computing capabilities of io.net will be thoroughly integrated into
October 18, 2024 3 mins read
Bitcoin hashing power marketplace NiceHash recently announced the release of the first firmware created exclusively for Kaspa network mining. Up to 20% more ASIC performance may be achieved with its specialized Kaspa software. Kaspa’s low energy usage, strong decentralization, and enormous scalability are all intended to promote fair mining. The
October 16, 2024 2 mins read
As blockchain-backed digital assets that are anchored to fiat currencies or other assets, stablecoins have become more popular in the global financial scene. These digital currencies promise to transform international finance by providing stable, transparent, and effective cross-border transactions. But because of their quick expansion, regulatory agencies all over the globe
October 15, 2024 3 mins read