Author: Puskar Pande
Million-dollar agreement between MetaTrust Labs and ChainSwap to improve cross-chain privacy
The firms announced on Wednesday that MetaTrust Labs and ChainSwap have formed a strategic agreement valued at up to $1 million with the goal of improving cross-chain financial privacy. A…
LiFi and Solana merge to improve dApp cross-chain communication
DeFi protocol In a statement issued with CryptoSlate on August 7, Li.Fi announced its entry into the Solana ecosystem with the goal of improving user experience across decentralized applications (dApps)…
Grayscale Introduces Sui and Bittensor Funds
With $23 billion in assets under management, Grayscale Investments is the largest distributor of digital asset solutions in the world. It has introduced two new cryptocurrency trusts that will provide…
Michael Saylor Is Increasing His $1 Billion Bitcoin Portfolio on His Own
Michael Saylor is still buying himself bitcoins In an interview on Bloomberg Television on Wednesday, Michael Saylor, co-founder and executive chairman of Microstrategy Inc. (Nasdaq: MSTR), disclosed a few details…
$125 million fine for Ripple; the entire SEC demand is denied by the judge
A court document states that Ripple has been penalized $125 million in connection with its multi-year legal battle with the U.S. Securities and Exchange Commission. The petition, which was signed…
DJT, the Trump Meme Coin, Drops to Almost Nothing as Developer-Linked Wallet ‘Rugs’
Following a significant sell that some traders are referring to as a “rug pull” by developers, the Solana-based joke token TrumpCoin (DJT), which debuted in June amidst a flurry of…
Alarming 112% Increase in Cryptocurrency Hacks and Frauds in Q2 2024, According to Immunefi Report
According to Immunefi, the two biggest exploits of the year caused $360 million in losses in Q2 2024, or 62.8% of all damages. At 98.5%, successful hacking efforts accounted for…
To integrate blockchain ecosystems, Succinct and Nubit introduce Nuport
The modular blockchain will be able to connect to other blockchains, including Solana (10.11% Solana), Ethereum (eth 1.21% Ethereum), and Bitcoin (btc 2.55% Bitcoin), according to Nubit’s release on August…
Ubisoft and Arbitrum Collaborate on the G.A.M.E., a Web3 game created by Captain Laserhawk
An official statement states that Captain Laserhawk: the G.A.M.E., a video game that features characters from well-known franchises like Assassin’s Creed and Rayman, would broaden the universe of Captain Laserhawk:…
Russian Expert: Bitcoin May Return to $60k by the End of This Week
Earlier this week, the token’s price experienced sharp declines, reaching its lowest points in six months. Bitcoin Will Soon Return to $60k BTC briefly dropped below the $50k threshold on…
A $11.8 million outflow to MEV bot white hats causes the Ronin Bridge to halt
Axie Infinity, a play-to-earn game connected to the blockchain network Ronin RON -0.98%, stopped its bridge on Tuesday morning due to withdrawals of $11.8 million to MEV bots. Around 9:37…
Kiln introduces the DeFi stablecoin incentive service, initially for web3 wallet customers on Crypto.com
Kiln, an institutional cryptocurrency staking platform, has introduced “Kiln DeFi,” which aims to make stablecoin rewards easier to obtain and provide customers the opportunity to earn more money from their…
Curio, a web3 gaming studio, raises $5.7 million for startup money
Curio, a web3 game development startup, raised $5.7 million in initial money under the direction of SevenX Ventures and Bain Capital Crypto. OKX Ventures took part in the latest funding…
The growth of Ethereum Layer 2 is raising concerns about liquidity dispersion, according to an analyst
According to multiple observers, the spread of Layer 2 solutions on Ethereum ETH +1.13% is fracturing liquidity throughout the network. The Ethereum network’s array of Layer 2 solutions, which includes…
Staking of Ethereum reaches 27.95% as liquid restaking techniques develop exponentially
At 27.95%, the percentage of the ETH +1.13% supply that was staked achieved a record high. This follows a small decline two weeks prior, on July 21, when it fell…
BlackRock and Nasdaq are pushing for Ethereum ETF choices on spot
The largest asset manager in the world, BlackRock, and exchange Nasdaq intend to list and trade options for its spot Ethereum exchange-traded fund. A rule change to list and trade…
According to Ethereum Layer 2 Turbo, 400,000 transactions can be processed in a second
Ethereum scaling solution: ETH + 1.04% At the Blockchain Application Stanford Summit on Tuesday, the team behind Turbo Protocol revealed the creation of a new blockchain that is purportedly able…
In spite of the market downturn, Binance Labs supports new Web3 startups
The blockchain and cryptocurrency industries are going through a severe collapse; Bitcoin fell 14% to a low of $49,300. Changes in financial policy, such the recent interest rate hike by…
Meme Coin Massacre: Multiple-month lows for DOGE, SHIB, WIF, and More
Memes That Really Bleed Out According to CoinGecko’s data, the cryptocurrency market plummeted in the last 24 hours, with Ethereum (ETH) falling as low as $3,170 and Bitcoin (BTC) momentarily…
“Lumiterra,” a Web3 MMORPG, Opens Today for Closed Beta Testing
Players can test out the features and explore the MMO world during this private beta phase, all while fighting for a chance to win a portion of $1 million USD…