In its first four months of launch, Bitcoin Runes—a protocol for non-fungible tokens—processed 15.6 million transactions, resulting in fees of $162.4 million. In the first two months, Runes accounted for the bulk of transactions, with Dune Analytics reporting daily totals reaching 300,000. With almost a million transactions in minting, etching,
SwapKit.dev, a leader in cross-chain infrastructure, has integrated BitPay, a Bitcoin and cryptocurrency payment processor. This integration allows BitPay Wallet users to directly swap a wider range of cryptocurrencies within their wallets. The integration expands the capabilities of the BitPay Wallet, enabling users to swap a wide array of cryptocurrencies,
Following the arrest of Pavel Durov, CEO of the encrypted messaging service Telegram, the creator and chief executive officer of Rumble, a competitor to YouTube that claims to be “immune to cancel culture,” said that he had “departed” from Europe. I just returned from Europe safely, on August 25, the
Less than two days after the hack of Polygon’s Discord, hackers have now impacted Layer 2 blockchain ZKsync’s and Layer-1 network Avalanche’s official servers. The official Avalanche account reported a hacked Discord server and warned users not to engage with or click on any links in a message to X
Eleven months of steady growth led to the market capitalization of stablecoins reaching an all-time high of $168 billion. The market’s sharp decline to $135 billion by the end of 2022 set the stage for a strong recovery. Reportedly, DefiLlama data reveals that the overall market capitalization of stablecoins has
According to the Spotonchain data, a Polygon foundation-linked wallet deposited 15.49M MATIC worth $8.1 million to Binance in the past 5 days. And the wallet still holds 13M MATIC worth $6.78 million under staking. At the same time, 824M $TEL was transferred out of the Telecoin Association wallet to Polygon
The FLOKI meme coin has taken the spotlight in the ongoing meme coin rally, posting a 37% price increase over the past week. This surge has placed FLOKI at the forefront of the meme coin market, drawing significant attention from investors. FLOKI’s price has seen a substantial rise, climbing from
Hong Kong’s Securities and Futures Commission (SFC) has identified various shortcomings among crypto firms seeking full licenses. These findings emerged as the SFC intensified its scrutiny of virtual asset trading platforms under its new regulatory framework, which came into effect in 2024. The SFC recently revealed that some crypto entities
As the intersection of artificial intelligence (AI) and blockchain technology continues to evolve, Binance Labs has made significant investments in AI-focused startups. These strategic moves align with Binance’s commitment to fostering innovation and sustainable business practices in the rapidly growing Web3 ecosystem. On August 14, 2024, Binance Labs announced its
The crypto market, as another week begins, showed mild dips in market cap and trading volume. In the last few days, leading cryptocurrencies took bullish turns after several weeks of price slump. Bitcoin surpassed $60K for the first time after the August first-week price dip. Meanwhile, the market has seen
