Since its public release on August 9, Ethereum layer-2 network Base by Coinbase has experienced its first significant outage. No new blocks were created on the Base chain for around 45 minutes on September 5. The “stalled” block production was initially noticed by its developers at 9:36 pm UTC. However,
Anoma Foundation, a non-profit organization focused on blockchain technology, today unveiled its intentions for the Namada mainnet. Awa Sun Yin, a co-founder of Namada, made the announcement at Korea Blockchain Week in Seoul. With an emphasis on asset-agnostic privacy across several blockchains, Namada functions as a Layer-1 blockchain protocol. Namada’s innovative
Solana (SOL), one of the top 10 cryptocurrencies in the world by market cap, has shown a significant surge in the last 24 hours. The unexpected increase from Solana caught the attention of the cryptocurrency community, even though the entire market is in severe decline. At the same time, the
Visa is bringing its stablecoin settlement pilot to the Solana blockchain, enabling high-throughput transactions with negligible costs for issuers and merchants using USDC. The move comes after an extensive evaluation of Solana’s speed, costs, and decentralization. Visa cited demand from clients to leverage newer, high-performance chains for moving USDC settlements.
Following a Crypto.com issuer pilot, Visa expands stablecoin settlement capabilities with Circle’s USDC, adding pilot programs with merchant acquirers Worldpay and Nuvei, and utilizing the Solana blockchain. SAN FRANCISCO–(BUSINESS WIRE)–Visa (NYSE: V), a global leader in payments, announced its next step in modernizing cross-border money movement. Visa is expanding its
Bloomberg says that one subset of the crypto industry, ‘liquid staking,’ has seen a stunning revival, almost reaching its all-time high. Assets held in liquid staking services increased by a remarkable 292% to $20 billion, recovering from a crisis in June 2022, when the larger digital-asset market was in an
● Cambridge Bitcoin Electricity Consumption Index (CBECI) estimated Bitcoin mining’s annual power demand to be 120.29 TWh. ● Cloud mining enables users to participate in crypto mining without the need for hardware. The cryptocurrency landscape is constantly evolving, with users adapting to changing trends and market patterns. As participants in
In a week marked by dwindling interest in digital asset investments, Solana (SOL) has defied the trend, emerging as the preferred choice for institutional investors. CoinShares, a prominent European cryptocurrency management platform, released its latest report, highlighting the remarkable resilience of Solana in the face of a market-wide slowdown. During
Seoul, South Korea, September 5th, 2023, Chainwire Aims to create a vast ecosystem to drive common growth of global blockchains Complete user-customized omnichain network to easily and conveniently utilize services across multiple blockchains All platforms and dApps are connected as one with blockchains bringing complementary strengths to the ecosystem WEMIX
The Economic Legislation Committee of the Australian Senate has voiced strong opposition to a Bill that would support regulation of crypto trading platforms in Australia. InnovationAus.com, a public policy and commercial innovation think tank, said that the Committee’s rejection was based on the perception of internal strife within any movement
