Category Archive: Cryptocurrency, No picture
Zeta Markets founder explains Solana’s dropped transactions issue
Solana transactions peaked at a fail rate of over 75% between April 4 and 5, according to a Dune Analytics dashboard by user scarn_eth. At the same period, Solana users have been reporting issues with failed transactions, with wallets like Phantom leaving a permanent message for users about network instability.Failed transactions normally occur when bots […]
Blockchain dApps activity rose 77% in Q1: DappRadar
The number of average daily Unique Active Wallets (dUAW) in Web3 reached 7 million in 2024’s first quarter, according to the “State of the Dapp Industry Q1 2024” report by DappRadar. This represents a 77% increase when compared to the last quarter, with a notable shift being the 9% rise in the social sector, driven […]
Deutsche Bank customers see Bitcoin under $20,000 by year-end, survey shows
A recent Deutsche Bank survey indicates that around 30% of its consumers see Bitcoin (BTC) closing 2024 below $20,000, as reported by Bloomberg. The survey captured insights from the bank’s customers located in the UK, Euro area, and the US, where the percentage of customers predicting a bitter end for BTC this year is over […]
Sui implements native Bitcoin and Ethereum bridging with dWallet partnership
Multi-chain protocol dWallet Network announced on Paris Blockchain Week a partnership with Mysten Labs to bring native interoperability to layer-1 blockchain Sui, through native Bitcoin and Ethereum swaps. “We are excited to partner with Mysten Labs and bring our decentralized, non-collusive dWallet building block to the Sui ecosystem,” commented Omer Sadika, co-founder of dWallet Network. […]
Monad Labs nets $225 million in investment round led by Paradigm
Monad Labs has raised $225 million in a funding round led by crypto investment firm Paradigm, according to data aggregator CryptoRank. Electric Capital and Greenoaks Capital also participated in the round. This is the largest investment in blockchain infrastructure in 2024.This recent investment adds up to the $19 million previously received by Monad Labs in […]
Filecoin’s liquid staking team under investigation by Chinese Police — report
STFIL, a liquid staking platform for Filecoin (FIL) with just under $40 million in total value locked (TVL), has announced that its core technical team members are under investigation by local Chinese police. The platform has hired lawyers to provide legal assistance to the individuals currently in detention.In an X post released Tuesday, STFIL revealed […]
Coinbase takes legal action against SEC in push for crypto regulation clarity
Coinbase announced on Monday the filing of its opening brief with the US Court of Appeals for the Third Circuit, an appeal that challenges the US Securities Exchange and Commission (SEC) over its refusal to provide clear guidelines for the crypto industry, as revealed by Coinbase’s chief legal officer, Paul Grewal, in a post on […]
Solend taps Sui for new DeFi lending protocol, Suilend
The team behind Solend, a top lending platform on the Solana blockchain, announced today the launch of their new DeFi lending and borrowing protocol powered by the Sui blockchain. Named “Suilend,” the new project is built using the Move programming language, capitalizing on Sui’s high performance and advanced tooling capabilities. @SuilendProtocol is now live on […]
Bitcoin moves towards a daily close above $72,000
Bitcoin (BTC) reached a new all-time high this Monday at $72,710.68, according to data aggregator CoinGecko. Since BTC went over $70,000 again, it managed to hold its ground on top of that price level and now walks towards a daily close above $72,000.The trader known on X (formerly Twitter) as Rekt Capital shared that whenever […]
zkSync-based zkLink Nova aggregated Layer 3 rollup goes live on Ethereum mainnet
zkLink, an infrastructure layer that makes it easier to move assets across blockchains, has launched its public Nova mainnet today, the first Aggregated Layer 3 zkEVM rollup network utilizing zkSync’s ZK Stack.Addressing critical challenges such as liquidity fragmentation, multi-chain dApp development complexities, and isolated assets and applications, zkLink Nova’s Aggregated Layer 3 Rollup offers a […]
