In the UK general election, the Labour Party defeated Rishi Sunak’s conservative party by a wide margin, marking the first time in fourteen years that the party has been out of power. There is a lot of anticipation within the crypto community in the UK. As they await the outcome
July 5, 2024 2 mins read
Flare, the layer 1 blockchain for data, has announced a collaboration with LayerZero V2, which would link it to 75 blockchains, including Ethereum, Solana, and Ethereum Layer 2 networks. Over 50,000 decentralized apps that have embraced LayerZero’s cross-chain messaging protocols may now utilize Flare, which is a significant milestone for
July 4, 2024 3 mins read
The ADA community has shown remarkable resilience in the face of June’s declining trends. A measure of the average length of time coins are kept, the Mean Coin Age, has been steadily increasing. There seems to be a lot of faith in the future of ADA, since investors are keeping
July 3, 2024 1 min read
The 11 U.S spot bitcoin ETFs had a net withdrawal of $13.62 million on Tuesday, marking a return to negative flows after five consecutive days of inflows. According to SosoValue statistics, GBTC (Grayscale) witnessed outflow of $32.38 million and BITB (Bitwise) shed $6.76 million. In contrast, $14.12 million came into
July 3, 2024 1 min read
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