Public access to Bluesky, a decentralized social media platform backed by Twitter co-founder Jack Dorsey, has been made available. This platform for microblogging aspires to take on the X (twitter) platform, now owned by Elon Musk. Bluesky, a decentralized social media network, is opening up to the public and has
February 7, 2024 2 mins read
In comparison to the ecosystems of Ethereum and Cardano, Charles Hoskinson, founder of Cardano (ADA), believes that Bitcoin L2 does not have sufficient potential. According to Hoskinson, Bitcoin isn’t robust enough to handle a layer-2 scaling solution, in reaction to an update given by Muneeb Ali, co-creator of the Stacks
February 5, 2024 2 mins read
The price of Bitcoin (BTC) dropped below $43,000 again, and several altcoins also seemed sluggish. Ethereum (ETH) has been consolidating around the $2,300 mark for some time now. Nonetheless, on-chain evidence points to a possible substantial upswing in the near future. Forecasts for future rises are being made by experts
February 5, 2024 2 mins read
A negative ruling has been issued, dismissing the counterclaims of artists Ryder Ripps and Jeremy Cahen in their lawsuit against Yuga Labs, the developer of Bored Ape Yacht Club (BAYC). The verdict also mandates that the duo pay $9 million in disgorgement and additional statutory penalties. A court sided with
February 4, 2024 2 mins read
In the role of Deputy Chief Compliance Officer, Binance has recruited Steve Christie, formerly of the cryptocurrency exchange’s Senior Vice President of Compliance. Christie will collaborate with regulators, industry heavyweights, and others to ensure that Binance remains in line with regulatory procedures while also strengthening the crypto exchange’s worldwide compliance
February 4, 2024 2 mins read
A record number of unique addresses were formed on the Solana network in January, indicating an increase in new users, according to The Block’s statistics dashboard. As per reports, around 11.81 million new Solana addresses were established over the month. Comparatively, the network logged 10 million new addresses in December,
February 3, 2024 2 mins read
Applications for unlicensed virtual asset service providers (VASPs) are due on February 29th, and those who did not get approval were told to stop operations by May 31st, according to the financial services department of the Hong Kong government. Given that certain VASPs were already operating in Hong Kong prior
February 3, 2024 2 mins read
Zeitgeist, a pioneer in the area of decentralized prediction markets, is pleased to announce the release of its ground-breaking automated market maker (AMM) that is based on the DLMSR (Dynamic Logarithmic Market Scoring Rule). This innovative initiative presents a dynamic liquidity mechanism that has never been seen in the blockchain
February 1, 2024 1 min read
Tether, the issuer of the USDT stablecoin, saw an all-time high growth in the surplus reserves supporting its tokens in circulation and a record-breaking $2.9 billion net profit in Q4 2023, according to its latest attestation report completed by global auditing company BDO. The majority of Tether’s net operational profit
February 1, 2024 1 min read
Marathon Digital Holdings Chairman and CEO Fred Thiel said on a recent edition of The Pomp Podcast that the impending halving puts Bitcoin in a better position for a greater rate of appreciation. Especially when compared with gold. Also, it should make things more stable when the market isn’t doing
January 31, 2024 2 mins read