Ethereum Layer-2 scaling solutions are seeing more and more protocols building on them as the technology becomes increasingly mature. A month ago Yearn Finance launched its first layer-2 powered service on optimistic rollup protocol Arbitrum, and three weeks ago StarkWare themselves raised $100 million at a $6 billion valuation. The latest protocol to jump on …
Continue reading “Layer-2 money market zkLend raises $5 million in seed round”
As inflation continues to wreak havoc on American wallets, the U.S. dollar’s lack of purchasing power has been affecting nearly every U.S. resident’s spending decisions. On Monday, U.S. president Biden and his administration predicted lower inflation forecasts as officials announced Biden’s proposed budget for the 2023 fiscal year. According to marketwatch.com author Victor Reklaitis, the …
The media and entertainment company World Wrestling Entertainment, Inc., otherwise known as WWE, has inked a long-term partnership with the global digital sports platform Fanatics. According to the deal, Fanatics will work with WWE across various ventures such as officially licensed merchandise, trading cards, and non-fungible tokens (NFTs). WWE Partners With Fanatics, Wrestling Entertainment Firm …
According to Sky Mavis, the creators of the blockchain NFT game Axie Infinity, the Ronin network has been attacked, and a hacker has managed to siphon 173,600 in ethereum and 25.5 million usd coin (USDC). The attacker has obtained roughly $620 million worth of crypto assets, and the Ronin bridge and Katana Dex have been …
Continue reading “Axie Infinity Loses $620 Million After Hacker Compromised Ronin Validators”
WAVES was undoubtedly Tuesday’s biggest gainer, climbing by as much as 50% during the session. Gains in WAVES came as well, as LUNA once again overtook SOL as the world’s eighth-largest cryptocurrency. RUNE was also a big mover today. WAVES WAVES was easily the biggest gainer during Tuesday’s trading session, as it rose to a …
Continue reading “Biggest Movers: WAVES up 50% on Tuesday, as RUNE and LUNA Move Higher”
Crypto.com and Bybit announced plans to set up offices in Dubai at the World Government Summit on March 28th. The two companies collectively boast roughly 15 million users and billions in trading volume processed. Crypto.com and Bybit have been marketing aggressively in recent months and are now following it up with expansion across the globe. …
Continue reading “Exchanges in the Emirates: Crypto.com and Bybit to set up shop in Dubai”
Famous US rapper and philanthropist Akon’s crypto project Akoin has partnered with Fireblocks to create a more secure wallet for a pan-Africa user base. Akoin will integrate Fireblocks’ MPC wallet technology to improve its wallet’s security and custody capabilities in preparation for mass adoption. The enhanced multi-layer security is created by combining MPC-CMP with hardware …
Binance, the world’s leading cryptocurrency exchange by trading volumes, has launched a new iteration of its blockchain interoperability service, dubbed Bridge 2.0, that allows users to access both decentralized (DeFi) and centralized (CeFi) finance systems directly from the platform’s app. According to a press release shared with CryptoSlate today, Bridge 2.0 enables customers to “quickly …
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A new proposal published by the U.S. Treasury suggests that cryptocurrencies such as Bitcoin and Ethereum should be added to the Internal Revenue Service’s (IRS) rules for reporting taxpayers’ offshore accounts. A recently published document, titled “General Explanations of the Administration’s Fiscal Year 2023 Revenue Proposals,” explains that Section 6038D of the Internal Revenue Code …
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Strange things are common in the crypto scene, and the most recent is the sale of a Bored Ape NFT for far below its floor price. The holder of Bored Ape #835 recently sold it for 115 DAI, which amounts to $115 since DAI is a stablecoin pegged to the dollar. The sale has led …
Continue reading “A Bored Ape and Mutant Ape NFT was sold for less than $150 combined”
Following Ross Ulbricht’s non-fungible token (NFT) sale that raised 1,446 ether or $6.27 million at auction, Ulbricht is dropping another NFT compilation called the “Growth Collection.” According to the announcement, the NFTs will be minted using the Bitcoin blockchain and will be auctioned at the Bitcoin22 conference in Miami on April 6-8. Ross Ulbricht Is …
On Tuesday, Digital Currency Group’s (DCG) mining subsidiary, Foundry Digital, announced the company has joined the Texas Blockchain Council (TBC), a nonprofit industry association in the state of Texas. Foundry detailed the newly formed alliance is aimed at Foundry’s efforts to “help shape the regulatory landscape for digital assets” in North America. Foundry Becomes a …
Bitcoin briefly hit a high above $48,000 on Tuesday, as prices of the world’s largest cryptocurrency rose for an eighth straight day. ETH was also trading higher during the session, with prices nearing their highest since January 5. Bitcoin Bitcoin reached the $48,000 level today, as the world’s largest cryptocurrency climbed higher for an eighth …
Coinbase, a leading U.S.-based cryptocurrency exchange, is reportedly close to acquiring 2TM, the unicorn company that owns Mercado Bitcoin, the biggest crypto exchange in Latin America (Latam). The exchange has reportedly been in talks to acquire the company since last year, and the deal could be closed in April according to local media, seeing Coinbase …
A South African museum, Liliesleaf Museum Heritage Site, recently raised $130,000 via the auction of a non-fungible token (NFT) created from an arrest warrant issued against Nelson Mandela in 1962. Proceeds From NFT Sale to Fund Museum Activities A non-fungible token (NFT) minted from the former South African President Nelson Mandela’s warrant of arrest was …
Continue reading “NFT of Nelson Mandela’s Arrest Warrant Raises $130,000”
