At Monad Labs, a business focused on web3 technology, they have finished securing funding for their Ethereum-compatible Monad blockchain from Paradigm Venture Capital. As stated in the announcement, these funds will support the continued growth and construction of the Monad blockchain, aiming to launch the mainnet by the end of this year. Meanwhile, Monad Labs … Read more
The importance of decentralization in Ethereum‘s development, spearheaded by its founder Vitalik Buterin, has been a recurring theme. A new idea that is picking up steam is the concept of “anti-correlation penalties,” which is designed to combat the centralizing effects of economies of scale within Ethereum‘s staking system. To boost the decentralization of Ethereum’s staking … Read more
Arthur Hayes, one of the co-founders and ex-CEO of BitMEX, the well-known cryptocurrency trading platform and exchange, has recently published a new blog entry. In this post, he shares his forecast for a significant drop in Bitcoin‘s price and a potential fire sale event for the world’s leading digital currency. Bitcoin Fire Sale Imminent In … Read more
In India, the Web3 sector has grown significantly over the years, now boasting over 1,000 startups that provide diverse services locally, as mentioned in a recent report from Hashed Emergent, an investment firm specializing in Web2 and Web3 companies. The document underscores consistent advancements within India’s Web3 industry, positioning the country as a formidable player … Read more
Tether’s CEO, Paolo Ardoino, has revealed that his company, which manages the USDT stablecoin, is close to investing $500 million in the Bitcoin mining industry. This decision aims to dispersing Bitcoin mining activities throughout various legal territories, promoting decentralization. Constructing a Global Renewable Mining Footprint Tether has built mining operations and renewable energy plants in … Read more
Recently, the Coreum Network has gained significant interest due to the significant surge in the transfer of XRP tokens onto its system. Based on recent information from Coreum regarding X, there’s been a significant increase of 2703% in the amount of XRP tokens present on their network over the past two weeks. This surge has … Read more
Paul Grewal, the top lawyer at Coinbase, has urged the US Congress to approve laws governing stablecoins prior to the upcoming Senate Banking Committee hearing on illicit financing, which is set for April 9th. A Coinbase executive spoke on social media in response to written testimony from the US Treasury Deputy Secretary Adewale at a … Read more
Over the past month, Shiba Inu (SHIB) hit its highest point for the year at $0.00004749 on March 5. Since then, the price has dropped around 40%. Yet, there’s optimism for future gains. After an extraordinary surge of 390% in eight days from late February to early March, a price correction was expected for SHIB. … Read more
In the rapidly expanding realm of Decentralized Finance (DeFi), a newcomer named Sui, a Layer 1 blockchain built for scaling DeFi applications, has gone through an exhilarating journey. At the beginning of 2024, Sui experienced remarkable growth, with its Total Value Locked (TVL) – indicating the combined value of cryptocurrencies deposited in its DeFi protocols … Read more
Metaplanet, a company that provides infrastructure for Web3 applications, experienced a significant increase of 90% in its Tokyo-traded stock within two days. This surge occurred soon after the firm revealed it had bought approximately $6.56 million worth of Bitcoin (BTC). Initially, Metaplanet stated that this purchase aimed to minimize its reliance on the Japanese yen … Read more