The NFT sector has lagged behind the rest of the cryptocurrency industry, which has been quite exciting so far this year. The amount of Ethereum NFT marketplace transactions has been falling every month since January, and it was already much lower in January compared to the billions of dollars moved
June 12, 2024 2 mins read
Following a surprising dip in US inflation numbers, the crypto market rebounded. As the Consumer Price Index (CPI) for May revealed inflation cooling quicker than anticipated, Bitcoin surged over 5%. CPI remained steady month-on-month and came in at 3.3% year-on-year, both of which were 0.1% lower than expected. U.S. Bureau
June 12, 2024 1 min read
Vitalik Buterin is praising the successes of Ethereum’s Layer 2 protocols in light of the recent Optimism (OP) milestone. As per OP Labs’, Ethereum L2 Optimism has now included fault proofs to its smart contracts. As of right now, Optimism is in what the development team calls “Stage 1” of
June 12, 2024 2 mins read
Formerly known as OAK Network, Ava Protocol has announced that $10 million in seed investment has been completed. This includes a $5.5 million initial round and a subsequent $4.5 million seed+ round. The funds will go toward helping Ava Protocol develop an Eigenlayer AVS that is intent-centric and event-driven, enabling private autonomous transactions on
June 11, 2024 3 mins read
SubQuery Network, a provider of Web3 infrastructure, has announced the release of two new RPCs for the Polkadot ecosystem. They’re the first decentralized RPCs on Substrate-based networks, available for Polkadot and Kusama. Nearly 200 networks use web3 infrastructure from SubQuery. The SubQuery Network is a worldwide network of decentralized indexers and RPC
June 11, 2024 1 min read
The popular blockchain-based game Crypto: The Game (CTG) has been acquired by Uniswap Labs. Following the news, the price of the UNI token surged, increasing by 6% on the three-hour price chart. Uniswap Labs COO Mary-Catherine Lader is excited about combining CTG’s interactive on-chain experiences with Uniswap’s products and services.
June 10, 2024 1 min read
The community-driven DeFi platform Jellyverse, which is serving as Balancer’s official representative on the Sei blockchain, has announced the opening of its Jellyverse ecosystem and decentralized exchange (DEX) JellySwap. The “JellySwap” DEX, “JellyStake” staking solution, and “jAssets” synthetics protocol are all included in the platform. By introducing DeFi 3.0 via
June 10, 2024 2 mins read
The crypto bull market is “reawakening” according to Arthur Hayes, the former CEO and co-founder of BitMEX who now runs Maelstrom. This comes after interest rate cuts announced this week by the Bank of Canada and the European Central Bank. The Bank of Canada dropped interest rates by quarter of
June 9, 2024 1 min read
Binance, a cryptocurrency exchange, revealed that its user base has reached 200 million people throughout the world. With the price of Bitcoin and altcoins reaching new highs, web3 use has been soaring, and this milestone follows on the heels of that. Despite regulatory challenges in some locations, Binance continues to
June 9, 2024 2 mins read
A data breach occurred at GetResponse, a third-party email management platform, according to cryptocurrency data aggregator CoinGecko. Attackers were able to access the contact details of more than 1.9 million CoinGecko users after a data breach at GetResponse occurred on June 5. This news comes after yesterday’s revelations of a
June 8, 2024 2 mins read