Tron’s gas revenue increased by 46.54% in August 2024, reaching $61.43 million according to data from Lookonchain. This surge significantly outpaced other major blockchain networks such as Ethereum, Solana, and Bitcoin, all of which saw declines in gas revenue during the same period. Ethereum’s gas revenue fell by 33.44%, Solana’s
The Bitcoin-based DeFi industry is heading for a shakeup following news that BitGo, creator of the “Wrapped Bitcoin” or wBTC token that’s used to represent BTC on the Ethereum blockchain, is working with new custodians in Hong Kong and Singapore. As experienced DeFi stalwarts will know, wBTC provides users with
Ripple, a leading blockchain-based digital payment network and protocol, has announced significant advancements in Korea and Japan. The company has forged valuable partnerships with a plan to enhance the adoption and functionality of blockchain technology across institutions in these regions. In a long X (Twitter) thread today, Ripple revealed that
To further enhance the already thriving Web3 ecosystem in the United Arab Emirates, Klumi Ventures, the first regulated Web3 Venture Capital and Fund Manager with its headquarters in Abu Dhabi, and DWF Labs, a new generation of Web3 investor and market maker, have teamed together. In keeping with the Abu Dhabi
The Intelligent Automation Conference 2024 is excited to announce a compelling track focused on “Productivity and Efficiency with Human-IA Collaboration,” featuring an esteemed lineup of speakers and groundbreaking agenda points. This track will explore the transformative potential of integrating human intelligence with artificial intelligence (IA) to drive productivity and efficiency
Bitcoin’s price saw a notable movement today, reaching a four-day high of $59,200. This surge marks a significant turn after a downward trend that began in late August. The current price recovery raises questions about the underlying factors driving this shift and whether the momentum can be sustained. Bitcoin has
Ethereum, the leading altcoin, has shown signs of recovery after a challenging month, where it declined by 14%. In the past 24 hours, ETH surged to $2,563 before settling at $2,520.29, marking a 2.65% decline. It traded within the range of $2,434 and $2,563, but trading volume fell by 3.27%.
The alternative decentralized X platform Bluesky, co-founded by Jack Dorsey, the former CEO of Twitter, has exploded in popularity in Brazil, amassing an incredible 1 million users in the span of three days. The spike follows X’s suspension in the country, which was mandated by a court. The social media
The monthly volume of sales for non-fungible tokens (NFTs) continued its downward trend in August, reaching $374 million, the lowest monthly sales volume of 2024. As of this year, digital collectibles have never before achieved a monthly volume below $400 million. The digital collectibles market was worth only $374 million
After burning an additional 1.19 billion Terra Classic tokens, Binance’s LUNC burn totaled approximately $65 billion. In the midst of a wider crypto market selloff and discussions about validators violating chain rules, the price of Terra Classic token in spot and derivatives markets has not recovered this time. Binance, a
