Crypto Bytes: Top 10 Breaking News from Cryptoverse

  • A fraudulent announcement regarding the approval of Bitcoin Spot ETFs was made via the official U.S. SEC Twitter account, which was later revealed to be hacked. Gary Gensler later provided clarification. 
  • Solana ecosystem’s developer retention rate increased to more than 50% in 2023 thanks to better onboarding and opportunities. Growth sustained by 400–500 bootcamp grads every two years and a 500% increase in job postings, with 2,500–3,000 developers actively working. 
  • BitPay has added more cryptocurrencies to its list of supported cryptocurrencies, including Uniswap, Chainlink, and BNB. Users can pay through BitPay for auto and mortgage payments, as well as for purchases at a variety of retailers, such as Ralph Lauren and Gucci.
  • El Salvador’s Bitcoin Investment has Produced $12.6M in Unrealized Gains. The president underlined a dedication to a long-term strategy in spite of short-term price swings. 
  • Xai gaming network launched its XAI token airdrop to qualified users, marking the start of 2024’s largest gaming token airdrop. The Xai Foundation claims that it is giving away 125 million XAI tokens (or 5% of the total token supply) to qualified users. 
  • The top financial regulator in Singapore has given BitGo, a ten-year-old cryptocurrency custody company, in-principle approval to apply for a Major Payment Institution licence through its local corporation.
  • Updated documents were filed on Tuesday by BlackRock (BLK), VanEck, Invesco and Galaxy, ARK 21Shares, Grayscale, and other potential issuers among the 13 wishing to introduce Bitcoin exchange-traded funds ETFs in the United States.
  • A detailed tutorial for Shibarium NFTs has been released. The range of shibarium on-chain NFTs is 10–10,000 Bone ShibaSwap (BONE). While the majority of altcoins encounter resistance, SHIB and BONE have recovered from monthly lows.
  • The Starknet Alpha upgrade has received approval from the Starknet community governance. The go-ahead suggests that the soon-to-be non-transferable STRK token airdrop could happen.
  • Bullet Blockchain announced that it has acquired a network of forty South Florida-based Bitcoin ATMs. The action is being taken at a time when Florida’s crypto laws have put the state in a difficult situation due to a conflict between official pronouncements and integration.

Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Mehar Nayar

Leave a Reply