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Search Results for: Ethereum

Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program

George Town, Grand Cayman, February 24th, 2024, Chainwire Staking program amassed over $129M TVL in less than 24 hours  Zircuit, a security-focused zero-knowledge rollup backed by pioneering L2 research, launched Zircuit Staking, an innovative program that allows users to stake ETH, liquid staking tokens (LSTs), and liquid restaking tokens (LRTs)

February 24, 2024 2 mins read

Shiba Inu Ecosystem Unveils Phases for SHEboshis NFT Minting

Shiba Inu ecosystem team has recently announced the minting phases for SHEboshis, a collection of 20,000 uniquely generated NFTs designed for the SHIB community. This digital collection has garnered significant attention within the crypto community, with enthusiasts eager to participate in the minting process. The minting process is divided into

February 23, 2024 2 mins read

Reddit Files for IPO, Reveals Crypto Holdings in Bitcoin and Ether

Along with corporations like Elon Musk’s Tesla and Michael Saylor’s MicroStrategy, Reddit is one of the few that has directly bought digital assets, having put some of its surplus income in bitcoin (BTC) and ether (ETH). The social networking platform applied to the U.S SEC to list on the New

February 23, 2024 2 mins read

Crypto Exchange Kraken Files Motion to Dismiss U.S SEC Lawsuit

On Thursday, Kraken filed a motion to dismiss the case, claiming that the U.S SEC had not charged fraud and had instead stretched the meaning of a contract in its lawsuit. With the argument that cryptocurrencies—or at least those included in the SEC’s complaint—should be classified as commodities rather than

February 23, 2024 2 mins read

Ronin Network Shaken by $9M ETH Theft From Founder’s Wallet: Details

Jeff  Zirlin, co-founder of Axie Infinity’s Ronin Network, disclosed that his personal wallets on the Ronin chain fell victim to a hack, resulting in the loss of approximately $9.5 million worth of Ethereum. The compromised funds were swiftly transferred to Tornado Cash, an anonymizing service, making it challenging to trace

February 23, 2024 2 mins read

JPMorgan Attributes Recent Crypto Surge to Retail Trader Impulse

According to analysts at JPMorgan, the current spike in cryptocurrency prices is not due to market fundamentals or institutional investors but rather to irrational trading choices made by individual traders. On Thursday, analysts headed by Nikolaos Panigirtzoglou of JPMorgan released a report stating that, similar to stocks, they found that

February 23, 2024 2 mins read

TRON Network Hits All-Time High in Fee Revenue

TRON’s fee revenue soared to a record-breaking $1.758 million on February 20, marking a significant milestone for the blockchain network. This significant momentum was propelled by the burning of 12,622,236 TRX tokens, a practice where transaction fees are eliminated by destroying tokens, aligning with TRON’s deflationary model. Following all-time revenue

February 22, 2024 1 min read

A New Era for DeFi in Bitcoin: The Rise of the BRC20 Ecosystem and BTCFI

Fifteen years on from its inception, Bitcoin is being opened up to an entirely new world of utility thanks to a wealth of ongoing technical innovations around the BRC20 token standard Until very recently, the world of decentralized finance (DeFi) was primarily confined to blockchains like Ethereum, Binance Smart Chain,

February 22, 2024 4 mins read

Investors’ Focus Shifts On AI Tokens, Here’s Why?

In the wake of heightened interest in AI and Big Data within the crypto sphere, significant traction has been observed. Over the past 24 hours, the market capitalization of AI and Big Data surged by over 9%, reaching a milestone of $25 billion. Concurrently, trading volume also experienced a notable

February 22, 2024 2 mins read