Recently, Fantom, Ethereum‘s rival in the Layer-1 scene, has gained attention with its native token, FTM, experiencing a significant price increase and surpassing $1. The trading volume for Fantom’s token has skyrocketed by 100% to reach $613 million daily. Additionally, FTM has seen a weekly growth of 15%. The price of Fantom (FTM) has risen … Read more
Coinbase Cloud is now part of the founding group working with EigenLayer, and they’re eager to collaborate with users looking to stake their Ethereum or Liquid Staking Tokens (LSTs). To add to this development, Sam Padilla from Google Cloud announced that their mainnet operator for EigenLayer is now active. Alongside tech giants, there are now … Read more
At the Paris Blockchain Week earlier this month, Ripple CEO Brad Garlinghouse explained why his company is developing a US dollar-linked stablecoin for its payments platform. The new digital currency is expected to be released by the end of this year, as announced by Garlinghouse. Ripple Plans to Improve XRPL Liquidity with Stablecoin A Ripple … Read more
According to information from cryptocurrency analysis firm IntoTheBlock, there has been a new achievement for Shiba Inu (SHIB), a widely-used meme coin. The data reveals that SHIB now boasts over 4 million unique wallet addresses. This figure represents a significant growth and signifies heightened curiosity towards the memecoin. The potential implications could be an expansion … Read more
The price of Bitcoin dropped once more after reaching over $72,000 on April 8th. Some reasons for this decrease are currently being discussed, casting a pessimistic shadow over the leading cryptocurrency. Inflation Data Expected To Come In Hot On April 10, the Consumer Price Index (CPI) report for March is due out. Some analysts believe … Read more
The Australian Securities and Exchange Commission (ASIC) has announced its intention to challenge the Federal Court’s decision not to proceed with its legal action against Finder Wallet. In the initial hearing, ASIC argued that Finder Wallet’s Finder Earn crypto product qualified as an unlicensed debenture. However, the court disagreed and dismissed the case. “ASIC is … Read more
Bitcoin, the uncontested leader among cryptocurrencies, is experiencing another rollercoaster ride. Over the weekend, it experienced a significant increase that almost broke its previous record high. However, in the past day, Bitcoin has retreated below the significant $70,000 threshold. This unexpected correction has left some investors questioning if the projected rise to $80,000 is still … Read more
The Nomic DAO Foundation has introduced stBTC, a Bitcoin token representing liquid staked BTC (LST), which functions using Babylon’s Bitcoin staking method. Users can now utilize their existing Bitcoins to bolster security for other blockchains and reap incentives in the form of alternative digital currencies. How Does the Staking Protocol Function? With Babylon’s Bitcoin staking … Read more
A key player at Coinbase’s Ethereum layer-2 Base project, Jesse Pollak, has announced recently that the network is managing an impressive transaction speed. Specifically, he mentioned in a recent post on the platform that the network is processing between 300 and 400 transactions every second. This news was met with enthusiasm from his over 98,000 … Read more
On April 9, 2024, EigenLayer, a decentralized finance platform specializing in offering Ethereum (ETH) stakers reaping rewards through its services, went live on the main network for the first time. Based on a current update from Cointelegraph’s article, the protocol with over $13 billion in user deposits started its release on Ethereum‘s main network, albeit … Read more