The $9 million USD financing round for TEN, an encrypted Ethereum Layer 2 network, is headed by the digital giant R3. The Ethereum Layer 2 roll-up platform TEN from Obscuro Labs addresses important scalability and encryption problems in blockchain applications. Since TEN’s founding, R3, a group of 42 of the
In a dramatic turn of events, the global cryptocurrency market has witnessed a staggering 7.63% decrease, with its total market cap plummeting to $2.57 trillion over the last day. Bitcoin, the leading cryptocurrency has slumped to $67,000, marking an 8% decline. The downfall doesn’t end there; Bitcoin ETF inflows have
Elliptic, a blockchain analytics company, disclosed a major Lazarus Group transaction involving $12 million worth of Ether. The cryptocurrency mixer Tornado Cash was used to complete this transaction. This platform was used again by the North Korean hacking group despite restrictions. These funds originate from a November cyberattack on HTX
On Wednesday, the long-awaited Dencun Ethereum upgrade finally went live, promising cost-effectiveness within the network ecosystem. However, the deployment didn’t seem to favor Ether’s (ETH) price, as it dipped by 3.6% from $4,083 to $3,936, according to CoinMarketCap data. Further, Singapore-based digital asset trading firm QCP Capital has warned about
While Ethereum’s highly anticipated Dencun update looms, ETH’s options market is sending mixed signals, raising concerns among traders. According to market analysts at QCP Capital, ETH’s risk reversals have turned negative for near-term expiries, indicating a surge in demand for put options. This shift suggests a growing grasp of a
At ETHDenver 2024, CESS (Cumulus Encrypted Storage System), a blockchain-based decentralized storage and content delivery infrastructure, showcased its innovations. They not only took the stage at the R3al World @ETHDenver, the leading event for DePIN builders and innovators, but also made their mark at the Polkadot Mini-Summit, engaging the audience
Aims to launch spot Ethereum and Bitcoin ETFs were spurred by the growing cryptocurrency sector and the recent regulatory green light in Hong Kong. As applications for spot Bitcoin ETFs are coming in fast, there have been reports that Hong Kong might launch spot Ethereum ETFs before the U.S. Ten
As the cryptocurrency market continues to witness remarkable surges, Ethereum (ETH) stands out as the undisputed leader, demonstrating resilience and potential for further growth. Ethereum’s recent surge beyond the $3,700 mark has not only captured the attention of investors but also paved the way for exciting opportunities within the altcoin
U.S. investment losses in 2023 were mostly attributable to crypto-related investment fraud, according to the Federal Bureau of Investigation (FBI). Investment losses associated with cryptocurrency jumped 53% from $2.57 billion in 2022 to about $3.94 billion in 2023, according to a new report from the FBI. At the same time,
Based on Gary Gensler’s response to a query on the possibility of spot Ethereum ETF clearance, it seems that applicants for this product could have a lengthier wait than anticipated. Gary Gensler, chairman of the U.S SEC, spoke with Yahoo Finance’s Jennifer Schonberger yesterday. She brought up the topic of
