The United States Department of Labor (DOL) said on Thursday that around 228,000 people applied for unemployment benefits in the week ending April 1. The market had predicted 240,000 jobs would be created, hence this number was below expectations (which was corrected from 191,000). The report also gave the advance
April 6, 2023 1 min read
Bitstamp has recently announced the launch of a lending service in Europe, Hong Kong, and the United Arab Emirates. There is no set lock-in term for the exchange’s lending product, which provides daily incentives and up to 4.4% APY. Bitcoin, Ethereum, Circle USDC, and Tether USDT are all supported for
April 6, 2023 2 mins read
In an effort to compete with OpenAI and Google’s offerings, tech giant Meta has announced ambitions to begin generating income from its unique generative artificial intelligence firm by the end of 2023. While Meta has been active in the AI sector since at least 2013, this is the first time
April 5, 2023 1 min read
Marathon Digital, one of the top cryptocurrency mining corporations, mined a record 2,195 BTC in the first quarter of the year, bringing its total holdings to 11,466 Bitcoin. As compared to the results from 2022, the positive outcome at the beginning of this year is striking. A huge storm in
April 5, 2023 1 min read
On Tuesday, the decentralized finance (DeFi) lending protocol Euler Finance reported that the exploiter responsible for the multi-million dollar assault has repaid all recoverable assets. The project’s developers said the hacker had refunded all the money as per a Twitter post. On March 13, Euler Finance was the victim of
April 4, 2023 2 mins read
dexFreight, a Fintech-enabled logistics market network driven by smart contracts, has been awarded a USPTO patent, which will allow real-world asset-collateralized NFTs to be introduced into the Rootstock DeFi ecosystem. DexFreight received a USPTO patent on March 28, 2023 (Patent No.: US 11615375 B2) for its novel approach to electronic
April 4, 2023 3 mins read
According to statistics compiled by Etherscan.io, three unidentified wallets have moved a total of 6,087,952,185,063 (6.08T) SHIB, valued at $65,445,484 ($65.44M), to a wallet affiliated with Coinbase and labelled “Coinbase 10” recently. The first wallet sent Coinbase 10 a whopping 1.92T SHIB, valued at $20.64M. The second wallet followed suit
April 3, 2023 2 mins read
Lisk, an open-source web3 platform, has introduced a new accelerator program. The program will provide grants of up to 250,000 CHF ($270K) per project to help finance the development of web3 solutions. The Javascript Software Development Kit (SDK) for Lisk streamlines the process of building web3 and sidechain apps that
April 3, 2023 2 mins read
As no blocks were created on the Layer-2 blockchain on Saturday, zkSync Era was unavailable for more than four hours. One of the primary Ethereum Layer-2 scaling options compatible with Ethereum Virtual Machine (EVM) is zkSync Era, which debuted its mainnet on March 24 and is based on zero-knowledge proof
April 2, 2023 2 mins read
Major cryptocurrencies have fared very well over the last week despite significant crackdowns, indicating that the crypto market is now fairly steady. Here we cover the top bullish coins of the week. Ripple (XRP) XRP is one cryptocurrency that is on the rise. As per CMC, XRP the sixth largest
April 2, 2023 2 mins read
