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Search Results for: Ethereum

Millions Worth NFTs Stolen as NFT Trader Platform Hacked

The peer-to-peer trading platform NFT Trader was compromised in a major way. Many valuable NFTs were stolen in this incident, including BAYC. In the aftermath of the hack, NFT Trader issued an urgent appeal to its customers, requesting that they remove access to two compromised smart contracts. The purpose of

December 17, 2023 2 mins read

VanEck CEO Bullish on Bitcoin, Predicts Record Highs in 2024

CEO Jan van Eck of the prominent asset management company VanEck recently expressed optimism about Bitcoin’s future on “The Exchange” on CNBC. Van Eck, who has extensive knowledge of the cryptocurrency business, believes that Bitcoin will reach new records in the next year. Optimistic View Van Eck has extensive experience

December 17, 2023 2 mins read

Kazakhstan’s Digital Tenge Trial Success Spurs Upgrades in 2024

Following a month-long trial experiment, the digital tenge, the CBDC of Kazakhstan, has been deemed a success. In 2024, it is scheduled to get a slew of upgrades in the areas of business, regulations, and technology. Almaty pupils were given free meals during the experimental run of the digital tenge

December 16, 2023 2 mins read

Solana Faces Brief Correction After Failing to Clear Above $80

Since the price of Solana’s memecoin Bonk (BONK) skyrocketed, the crypto community has been purchasing Solana’s Saga phone at a rapid pace. Solana co-founder Raj Gokal tweeted on December 15 that the company’s phone sales had jumped tenfold in the last two days, putting them on track to sell out

December 16, 2023 2 mins read

Polygon Labs Shifts Development Focus from Edge to CDK for Layer 2 ZK-Rollups

Polygon Labs has announced the discontinuation of contributions to its Edge framework, also known as Supernets. The decision is part of a significant pivot in the development priorities of the Polygon team, redirecting their attention to the expansion of the Chain Development Kit (CDK). Polygon Edge, initially conceived as an

December 16, 2023 2 mins read

BlackRock and U.S SEC Hold Fourth Meeting on Spot Bitcoin ETF

The fourth meeting between BlackRock and the U.S SEC to discuss the eagerly awaited Spot Bitcoin ETF has taken place. Documented in an official filing, this most recent conversation is one in a string of recent exchanges between the SEC and prospective issuers. Moreover, the involvement of the SEC, headed

December 15, 2023 1 min read

Namada to Launch Incentivized Testnet Offering 3% of Its Token Supply

Privacy-oriented Namada, a Layer 1 blockchain, is going to provide an incentivized testnet whereby participants will get a payout of 3% of the entire supply. This testnet campaign, called “Namada Shielded Expedition,” is a multiplayer role-playing game that is beginning in advance of the privacy protocol’s mainnet release in early

December 15, 2023 1 min read

Bitcoin Price Consolidates After Failing to Clear Above $43,380

It seems that investors’ faith in riskier and more volatile assets has been more apparent after the FOMC meeting. The most recent statement from the U.S Federal Reserve, which signified the third straight time interest rates were held constant, was likely the primary catalyst for the recent market upswing. There

December 15, 2023 2 mins read

DeFi Protocol Aims To Enrich the Crypto Market With Digital Bonds

A decentralized protocol wants to bring new value to the cryptocurrency market with the zero-coupon discount bond market and the yield curve. Investors’ risk tolerance and financial goals often lead to various opportunities. For those prioritizing stability and consistent returns, bonds emerge as a beacon of dependability. The appeal of

December 15, 2023 3 mins read