Category Archive: Cryptocurrency, No picture
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 […]
Tether’s USDT expands to Celo Network
Tether has announced the launch of its Tether USD (USDT) stablecoin on the Celo blockchain in a move aimed at increasing financial inclusion and empowering individuals globally. Celo’s mobile-first approach and compatibility with the Ethereum Virtual Machine (EVM) make it an ideal platform for Tether’s expansion, according to the announcement.A proposal from Celo core contributors […]
Palm Collective launches new platform for Web3 creators, announces $1,000 art contest
Palm Collective, an open-source, web3 community-powered initiative backed by Consensys and Polygon, has unveiled the Obscura Community, a platform designed to bolster Web3 artists, as shared by Palm Collective today. Along with this launch, the project has also announced a $1,000 art contest to “celebrate the community’s birth and womxn’s month.”The contest, dubbed “Call x […]
Crypto products see record-breaking $2.7b inflow in a single week
Crypto investment products registered $2.7 billion in inflows over the last week, a new weekly record, according to a report from asset management firm CoinShares. This capital injection has propelled the year-to-date total flow to $10.3 billion, nearing the all-time high of $10.6 billion recorded for the entirety of 2021. Bitcoin has been the primary […]
Bitcoin rockets above $71,000, surpasses silver in market cap
Bitcoin (BTC) crossed the $71,000 threshold today, setting a new all-time high ahead of the anticipated halving event, according to CoinGecko’s data. At press time, BTC is trading at around $71,400, up almost 3% in the last 24 hours. Bitcoin’s market cap now exceeds $1.4 trillion, overtaking silver as the eighth largest asset by market […]
NFT Market Sees Major Shuffles Amid Blue-Chip Drops, Surprising Rises
The nonfungible token domain, ever changing in its dynamics, has witnessed valuation and demand fluctuations in the preceding 30 days, according to research from Nansen posted on Twitter. The last 30 days haven’t been kind on NFTs… Many of the “Blue-Chip” NFTs have seen their floor price drop by more than 25%, with Azuki’s continuing […]
Whale Watching: $94M of ETH Acquired in Seven Days
Four major ETH investors accumulated approximately $94 million worth of the digital asset within a week, as highlighted by analytics provider, Lookonchain. Whales are accumulating $ETH from the bottom! 4 whales accumulated 56.1K $ETH ($94M) in the past 7 days. – 0x3CEE accumulated 18K $ETH($30M); – 0x3478 accumulated 2K $ETH($3.4M); – 0x5bA3 accumulated 17.9K $ETH($30M); […]
FTX Eyes Novogratz’s Galaxy Digital for Asset Supervision Amid Bankruptcy Process
As FTX maneuvers through its bankruptcy proceedings, the crypto exchange considers appointing Galaxy Digital Holdings, lead by billionaire Michael Novogratz, to oversee its extensive portfolio of digital tokens, an August 23 court file read: “The Debtors [FTX] selected Galaxy Asset Management as investment adviser based on their sophistication and qualifications.” FTX is petitioning court approval […]
Tether’s Plan B Teams Up with FC Lugano: The Future of Crypto in Swiss Football
FC Lugano, a Swiss football team, has declared a sponsorship arrangement with Plan B, a venture between Tether and the City of Lugano, according to an August 24 announcement. Plan ₿ Teams up with FC Lugano. The sponsorship will feature front-of-shirt branding during international competitions and enable all tickets, merchandise, food & beverages within the […]
Rarible Defends Creators’ Royalties as OpenSea Gives Up
Key Takeaways Rarible will cut ties with OpenSea, LooksRare, and X2Y2. NFT marketplaces remove royalty fees to cut trading costs. NFT marketplace Rarible will look to fully support creator royalties and stop aggregating orders from OpenSea, LooksRare, and X2Y2 starting September 30th. Last week, OpenSea turned off its royalty enforcement and made creator fees optional. […]
