In a significant milestone, a new consensus protocol, BEEFY, has been activated on Polkadot’s canary network Kusama. This will allow for the blockchain to be verified seamlessly on Ethereum and other networks that are compatible with the EVM. For Kusama, the BEEFY protocol is revolutionary because it makes it possible to easily verify
Friendzone, a Web3 platform that redefines Social Finance (SocialFi) on the blockchain and is scalable and sustainable, has made its official debut on the Polygon Proof-of-Stake network. The Social Capital Marketplace launch marks the first of Friendzone’s many significant turning points in its goal to top the social media dApp
BitForex, a prominent crypto exchange, finds itself embroiled in a storm of controversy as users raise alarms over mysterious outflows, a CEO departure, and an eerie silence from the platform. According to blockchain analyst ZachXBT, BitForex’s hot wallets experienced staggering outflows totaling approximately $56.5 million on February 23. This alarming
As the cryptocurrency market continues to evolve, investors are constantly on the lookout for promising assets that have the potential to yield significant returns. While many focus on high-priced tokens like Bitcoin and Ethereum, there is a growing interest in tokens that are priced under $1. These tokens present unique
In the dynamic world of cryptocurrencies, investors are always on the lookout for the next big opportunity to maximise their returns. As the crypto market continues to evolve, certain digital assets stand out for their potential to deliver significant gains. In this article, we’ll explore the price predictions for three
The prominent altcoin Ethereum (ETH) has surpassed the $3,120 mark, showcasing an uphill performance in the cryptocurrency market and outpacing Bitcoin. ETH’s current trading level, not seen since April 2022, is drawing significant market interest and hinting at potential future growth. The Ethereum surge comes amid the forthcoming Dencun upgrade,
MicroStrategy, the renowned business intelligence firm fell victim to a malicious cyber attack on its social media platform. On February 25th, the company’s official account began posting deceptive links, luring unsuspecting users into a fraudulent scheme promising a purported “official” Ethereum-based MSTR token airdrop. Upon clicking the link, users were
Unexpected delights, startling disclosures, sharp price increases, and a continuance of the crypto sector’s avant-garde initiatives may all be expected in 2024. Crypto experts have projected that several cryptocurrencies will grow significantly, including eTukTuk and Polygon (MATIC). However, BlockDAG’s remarkable success of raising $1 million within 24 hours during its
Cathie Wood’s investment management business, Ark Invest, has sold shares of Coinbase (COIN), Nvidia (NVDA), and Robinhood (HOOD). This selling pattern is happening in spite of these stocks soared to new highs after reporting better-than-expected earnings. The firm has sold over $12 million worth of Coinbase shares, $4 million worth
Amidst the record-breaking performance of the S&P 500, fueled by robust corporate earnings, the US stock market surge is not just elevating investor sentiments but also triggering uncertainty in the crypto markets. As corporate earnings take the spotlight, attention is shifting towards the Federal Reserve’s future trajectory, leaving crypto enthusiasts
