A seven-block streak by AntPool raises concerns about centralization in bitcoin mining
In one hour and thirty-eight minutes on May 17, AntPool mined seven consecutive blocks between block heights 843,893 and 843,904. AntPool Mines Seven Blocks in a Row The mining pool…
According to a CoinGecko report, Solana surpasses Ethereum with 91 million daily transactions
With the greatest TPS among Ethereum scaling solutions, Polygon, is over 5 times slower than Polygon, and the blockchain is now an astounding 46 times quicker than Ethereum. Solana Reaches…
Base records a 212% rise in trade volumes over time
According to data aggregator DefiLlama, Base is the blockchain with the most monthly and weekly growth in permanent trade volume among the top 10 chains in terms of total value…
Following a cyberattack, Alex Labs freezes $3.9 million in cash that were delivered to CEXs
According to the team’s May 16 social media post, Bitcoin layer-2 developer Alex Labs has successfully frozen more than $3.9 million worth of cryptocurrency that was stolen from their BNB…
In Q1 2024, XRPL on-chain transactions increase by 108%
According to Ripple’s Q1 2024 XRP Markets Report, the number of transactions on the XRP Ledger (XRPL) nearly doubled and the average transaction cost nearly halved between the end of…
Pump.fun hacker apparently detained in London; discusses controversy in X post
According to media sources, the former employee who was identified by Solana-based memecoin launchpad Pump.fun as the individual responsible for the platform’s recent $1.9 million hack has been detained and…
Solana protocol Solayer introduces deposits
Solayer, a Solana-based firm creating a platform similar to EigenLayer, began accepting deposits on Thursday afternoon. A $20 million dollar cap was placed on the invite-only deposit period. Users have…
Tokenization, according to Deutsche Bank, is the direction of financial innovation
The most recent major financial institution to join the tokenization trend is Deutsche Bank, a multinational bank with $973.4 billion in assets. Deutsche Bank joined the Monetary Authority of Singapore’s…
The Founder of MakerDAO Unveils Two New Stablecoins
Achieving equilibrium in decentralization is the ultimate goal of MakerDAO. At least in the opinion of Rune Christensen, the creator of the protocol. On May 15, Christensen announced NewStable and…
ZkSync fuels airdrop theories by hinting to the v24 upgrade
ZkSync announced in an X post on Friday that it will soon release an update to hasten the decentralization of its system. The statement is interpreted by some traders as…
MakerDAO’s founder claims that “PureDai,” a fully decentralized platform, will debut in a few years
The creator of MakerDAO, Rune Christensen, stated that PureDai, a future token, will function as a completely decentralized substitute for its stablecoin tethered to the US dollar. The stablecoin, called…
Memecoins do better than the overall cryptocurrency market because “fast money stays focused”
Memecoins’ market capitalization has risen by more than 10% in the last day, outpacing the growth of the entire cryptocurrency market. Approximately 77% of the approximately $58 billion total memecoin…
On the TON network, Notcoin launches and airdrops more than 80 billion tokens
More than 80 billion NOT tokens will be given out to participants as Notcoin launches its cryptocurrency on The Open Network blockchain and goes live for trade on cryptocurrency platforms….
PancakeSwap offers to reimburse Uniswap customers for their interface costs
The decentralized exchange PancakeSwap intends to reimburse traders for up to $8 million in fees they paid on Uniswap, a rival. A complete reimbursement of their Uniswap interface costs will…
Positive creditor news causes the volume of FTX’s defunct token to soar
After the cryptocurrency exchange filed for bankruptcy at the end of 2022, it was a good week for FTX creditors—words that few people had anticipated to be published. But things…
Tether and TON Collaborate with Oobit to Enable Mobile App-Based USDT-to-Fiat Transactions
Tether and TON Foundation Collaborate with Oobit to Transform Cryptocurrency Payments for Retailers The agreement, which was announced on Thursday, is expected to improve the user experience for transactions using…
Trump’s cryptocurrency wallet gains value as TRUMP Coin rises over 100% in just one month
The TRUMP Token Has Increased 107% in the Past 30 Days Meme coins geo (BODEN) and maga (TRUMP) have both increased in value this week; over the last day, BODEN…
Humanity Protocol, a Web3 digital identification firm, raises $30 million at a $1 billion value
Humanity Protocol, a web3 digital identification company, raised $30 million in investment, valuing the business at $1 billion. The funding round was led by the venture company Kingsway Capital, with…
Using volcanic geothermal power, El Salvador has mined 474 bitcoin since 2021, increasing the total amount of bitcoin to 5,750
Since 2021, El Salvador has used geothermal power generated by the Tecapa volcano to mine 474 bitcoins. According to Reuters, the mined coins increase the nation’s total bitcoin holdings to…
‘Cross the Ages’ gaming token rises 30% on its second trading day after faltering
In just its second day of trading, the gaming token “Cross the Ages” has seen a considerable increase. According to CoinGecko, CTA increased by more than 30% on Thursday following…