Developers on the new blockchain will have a chance to receive investment and other forms of support from a wide range of Web3 firms.
Monthly archives: August 2024
Bitwise CIO says Powell’s remarks could spark a new Bitcoin bull run
Bitwise CIO Matt Hougan believes that US Federal Reserve Chair Jerome Powell’s recent dovish comments could ignite a new bull market for Bitcoin. Hougan, in an Aug. 27 note to investors, emphasized that Powell’s statement has alleviated some of the uncertainty surrounding Bitcoin. On Aug. 21, Powell hinted that interest rate cuts are imminent. This …
Continue reading “Bitwise CIO says Powell’s remarks could spark a new Bitcoin bull run”
Trump’s new NFT series ‘America First’ features Bitcoin-linked digital cards
Former US President Donald Trump revealed a new set of non-fungible tokens (NFT) via a Truth Social post on Aug. 27. Like the previous installments, the cards are issued by NFT International LLC and cost $99 each. Similar to previous Trump-inspired collections, the “Series 4: The America First Collection” features 50 digital cards containing images …
Continue reading “Trump’s new NFT series ‘America First’ features Bitcoin-linked digital cards”
WazirX CEO advises withdrawals amid ownership dispute and hack aftermath
WazirX co-founder and CEO Nischal Shetty clarified some of the growing concerns around the exchange’s operations and ownership following the recent $235 million hack. In response to questions on social media, Shetty disclosed that he is still operating the exchange “on their [owners] behalf until the dispute gets resolved.” When asked for details about how …
Continue reading “WazirX CEO advises withdrawals amid ownership dispute and hack aftermath”
Space and Time Secures $20 Million in Series A Funding to Enhance AI and Blockchain
Space and Time (SxT) Labs has announced the completion of a $20 million Series A funding round, led by Framework Ventures and supported by several prominent investors. SxT Labs disclosed that the funding aims to accelerate the company’s development of tools that bridge the gap between artificial intelligence (AI) and blockchain technology. Space and Time …
Bitcoin Loses Footing as Price Slips Below $62K Threshold
Bitcoin took a tumble on Tuesday, hitting a low of $61,455 per coin after peaking at $65,103 just three days prior. The crypto market downturn resulted in a shake-up, with $20.28 million in bitcoin long positions and $40.29 million in ether longs being liquidated. Crypto Market Stumbles: Bitcoin and Ethereum Face 2-3% Declines On Tuesday, …
Continue reading “Bitcoin Loses Footing as Price Slips Below $62K Threshold “
Flare Network Integrates Polyhedra’s ZK Bridge for Enhanced Cross-Chain Security
Flare Network has integrated with Polyhedra’s ZK Bridge, allowing developers to build secure cross-chain applications. This collaboration leverages Layerzero’s interoperability while benefiting from the robust security of zero-knowledge proofs. Flare Network Expands Cross-Chain Security With Polyhedra’s ZK Bridge According to the announcement shared with Bitcoin.com News, the integration of ZK Bridge with Flare enhances cross-chain …
Continue reading “Flare Network Integrates Polyhedra’s ZK Bridge for Enhanced Cross-Chain Security”
Tether CEO Criticizes Durov’s Arrest, States Europe Is ‘Falling Into Dark Ages’
Paolo Ardoino, CEO of Tether, one of the largest companies in the cryptocurrency industry, has criticized the arrest of Telegram founder and CEO Pavel Durov. On social media, Ardoino stated this development was concerning for society as a whole and stressed that if it loses the battle, “dark ages will be our future.” Tether CEO …
Continue reading “Tether CEO Criticizes Durov’s Arrest, States Europe Is ‘Falling Into Dark Ages’”
Crypto Betting Pioneer Cloudbet Gets a Makeover, Promises “Big Moves”
PRESS RELEASE. [Cloudbet] has unveiled a comprehensive site redesign along with a new all-cash rewards program, the latest in a series of major strategic moves to capture a bigger slice of the fast-growing crypto gaming market. The pioneering crypto casino and sportsbook revealed the new bold brand identity on August 13th. A new logo, color …
Continue reading “Crypto Betting Pioneer Cloudbet Gets a Makeover, Promises “Big Moves””
Arkham Intelligence Partners With Coingecko for Enhanced Trading Analytics
Arkham Intelligence has announced an expanded partnership with Coingecko and Gecko Terminal, integrating their market data into Arkham’s platform. This collaboration aims to enhance the crypto analytics experience by combining Coingecko’s token pricing data with Arkham’s onchain data. Arkham said the partnership will allow Arkham to incorporate pricing data and charts from Gecko Terminal, broadening …
Continue reading “Arkham Intelligence Partners With Coingecko for Enhanced Trading Analytics”
French President Emmanuel Macron Dismisses ‘False Information’ on Pavel Durov’s Arrest; ‘It Is in No Way a Political Decision’
Emmanuel Macron, President of France, has disregarded what he qualified as “false information” regarding the arrest of Telegram CEO Pavel Durov. In a social media post, Macron stressed that the arrest was part of an investigation carried out by the judiciary and that it was “in no way a political decision,” as some reports claimed. …
Critical bug identified and remedied in Circle’s Noble-CCTP
Blockchain security firm Asymmetric Research privately disclosed the vulnerability to Circle, which has since been addressed.
Coinbase CEO Brian Armstrong Releases ‘On-Chain Score’ Platform for Crypto Wallets
Coinbase chief executive Brian Armstrong has rolled out a new “on-chain score” platform for crypto wallets. Onchainscore.xyz assesses crypto wallets for “onchain-nativeness” on a 1-100 scale and provides information about the wallet’s activity history, token swaps, bridge transactions and the number of transactions on Ethereum (ETH) and the layer-2 scaling solution Base. Armstrong shared results …
Ex-Goldman Sachs Executive Predicts 10x for Solana (SOL), Says ‘Really Good Trade’ Approaching
Ex-Goldman Sachs executive Raoul Pal believes that Ethereum (ETH) competitor Solana (SOL) could have a massive price explosion this cycle. In a new interview on the Empire podcast, Pal predicts that Solana will put up somewhere around 900% gains in the coming months. “The whole space goes up a lot [in the next 12 months]. …
State of Wyoming Pushing for Adoption of Its Own Dollar-Backed Stablecoin: Report
Wyoming is reportedly planning to soon launch its own stablecoin pegged to the US dollar in an effort to generate additional revenue. CNBC reports that the state is hoping to roll out the so-called Wyoming stable token by the first quarter of 2025. The token project aims to allow businesses and individuals to transact in …
Continue reading “State of Wyoming Pushing for Adoption of Its Own Dollar-Backed Stablecoin: Report”
