News

Rarimo’s RariMe Challenges Worldcoin in Identity Verification

Today, Rarimo, a social protocol based on zero-knowledge (ZK) technology, launched its crypto app RariMe. This app introduces an innovative approach to identity verification, challenging established systems like Worldcoin’s. RariMe allows users to generate passport zero-knowledge proofs using smartphones, ensuring unique identity verification without compromising personal data. Unlike traditional frameworks

June 27, 2024 1 min read

Will Kaspa Mining Drive Higher Revenue for Marathon Digital?

Marathon Digital Holdings, a leading digital asset technology firm and one of North America’s largest Bitcoin miners, has announced the commencement of Kaspa mining operations. According to Adam Swick, Marathon’s Chief Growth Officer, the move into Kaspa mining aims to diversify revenue streams away from Bitcoin while leveraging their expertise

June 27, 2024 1 min read

Orbs Integrates Advanced dLIMIT and DCA Protocols into Sushi DEX

Orbs Heads $300K Seed Investment in Blast Liquidity Market Fenix Finance

Fenix Finance announced the completion of a $300,000 seed fundraising round lead by Layer 3 protocol Orbs. The Blast network’s unified trading and liquidity marketplace will be developed by Fenix with the help of the seed funding. Orbs’ investment will expand its current support for Fenix in its role as

June 27, 2024 2 mins read

Did US Government’s $240M In BTC Transfer Exacerbate Bears?

While the leading cryptocurrency, Bitcoin, faces a dip—hitting an 8-week low just two days ago and struggling to surge past $62K—developed countries’ governments are making major Bitcoin moves. Notably, the German government transferred $271 million worth of BTC last week at an average price of $63,828. More significantly, the U.S.

June 27, 2024 2 mins read

Polkadot (DOT) Faces User Exodus and Bearish Pressure

Polkadot (DOT) Price Poised for Breakout as Investor Sentiment Turns Positive

Despite the recent negative price development, Polkadot’s (DOT) price is expected to respond positively to the shifting investor sentiment. The likelihood of a breakout is significant, as the altcoin is currently trading within a descending channel pattern, which could set the stage for a potential rally. Chaikin Money Flow Indicates

June 26, 2024 2 mins read

Worldcoin Partners with Alchemy to Accelerate World Chain Initiative

In order to fuel its grandiose World Chain initiative, Worldcoin partnered with blockchain infrastructure behemoth Alchemy. By partnering with Alchemy, Worldcoin has access to their robust development tools and rollup hosting services. Moreover, the partnership between World Chain and Alchemy is anticipated to hasten the development of the project, which

June 26, 2024 2 mins read

Bitflow’s Liquidity Hub Elevates Bitcoin DeFi to Ethereum DeFi Ecosystem Standard

Bitflow has raised Bitcoin DeFi (BTCFI) to a level where it can compete with Ethereum’s established DeFi ecosystem by announcing many new features for its Bitcoin Layer 2 (L2) decentralized exchange (DEX). The volume of transactions on Bitcoin DeFi has increased dramatically during the last several months. Other blockchain ecosystems

June 26, 2024 5 mins read

NFT Market Hits 2024 Monthly Low with $374 Million in August Sales

NFT Sales Plummet 45% in Q2 2024 Amid Ongoing Market Decline

In tandem with the crypto market decline, the sales volume of non-fungible tokens (NFTs) fell by 45 percent from the previous quarter. NFT sales continued their increasing trend from the fourth quarter of 2023, reaching $4.1 billion in the first quarter of 2024, according to statistics from CryptoSlam. The volume

June 26, 2024 1 min read

U.S Bitcoin ETFs See $31M Net Inflows, Reversing Seven-Day Streak

On Tuesday, spot bitcoin exchange-traded funds in the US recorded net inflows, bringing in $31 million. This comes after eleven bitcoin funds saw net withdrawals for seven trading days in a row. SoSoValue data shows that on Tuesday, $49 million came into Fidelity’s FBTC, with Bitwise’s BITB following with $15

June 26, 2024 1 min read

Manga-Based DORAE Token Drops 99% Signalling a Rug-Pull?

Multiple rug pull scams occurred over the past few months in the crypto market. Amidst celebrity memecoin shillings and the launch of numerous new tokens, the scams have also shown a surge. Relatively, Doraemon themed token, DORAE originated in the market on Wednesday with signs of rug-pull within 24-hours of

June 26, 2024 2 mins read