Layer 1 developer Berachain hires Jack Melnick, a former head of DeFi at Polygon Labs, in a similar position
Former Polygon Labs head of decentralized finance (DeFi), Jack Melnick, has taken the same role at Layer 1 developer Berachain. Melnick began working at Berachain on Monday. Since January 2023,…
UAE Sets New Records for Crypto Transactions at $25 billion and Encourages More Investment with Flexible Regulations
According to the institute, the metaverse market will be valued at $3.4 trillion by 2027. This spike was attributed to the potential for generating compelling use cases and the quick…
Tokens connected to AI do better than the overall crypto market
Significant tokens tied to artificial intelligence have experienced a surge in value over the last 24 hours. The native cryptocurrencies linked to SingularityNET and Fetch.ai FET have seen increases of…
This month, BlockFi will close its website; users can still access their money through Coinbase
Centralized lender BlockFi declared that following the closure of its web platform, qualified BlockFi clients will have access to cryptocurrency withdrawals through Coinbase. This agreement with Coinbase guarantees that holders…
The Pause in the Runes Protocol Matches the Decline in Bitcoin On-Chain Activity
A cooling tendency in these indicators is indicated by recent developments, nevertheless. The price of the most valuable digital asset has seen difficulties over the last two months, and on-chain…
Leading Latin American Crypto Exchange Bitso Introduces Web3 Wallet
Bitso Introduces Web3 Wallet and Makes a Hint About Potential Blockchain Development Through the provision of Web3 services to their clientele, Latin American exchanges are gaining ground on their international…
Kain Warwick, the founder of Synthetix, introduces Infinex
Infinex, a front-end website that combines decentralized banking apps into a single, user-friendly layer, was launched by Kain Warwick, a co-founder of Synthetix. The launch includes the “Infinex Account,” for…
In a seed extension deal, Web3 AI platform ChainML raises $6.2 million
The web3-enabled AI platform ChainML has revealed its agentic foundation layer, Theoriq, and secured $6.2 million in a seed extension round. According to ChainML on Monday, Hack VC spearheaded the…
CEO of the company that created the decentralized exchange, dYdX, resigns
The creator of the decentralized derivatives exchange dYdX, Antonio Juliano, DYDX Trading Inc., has resigned as CEO, citing both personal and professional reasons. The stakeholders, employees, and internal team didn’t…
CAD $1.3 trillion The Bitcoin ETF Holdings of Bank of Montreal Have Been Made Public
In a recent 13F filing with the US Securities and Exchange Commission (SEC), Bank of Montreal (BMO) disclosed its interests in Bitcoin Exchange-Traded Funds (ETFs). SEC filing reveals the holdings…
Biden forbids property ownership by a Chinese-backed cryptocurrency mining company close to a US missile station
Citing worries about potential threats to national security, President Joe Biden issued an order preventing a cryptocurrency mining company with a majority Chinese ownership from owning land adjacent to a…
As mining revenue declines, bitcoin miners are ready to sell their bitcoins: Kaiko data
According to data from the cryptocurrency research and analytics company Kaiko, a significant bitcoin selloff is probably imminent since the token’s miners are under pressure to sell their holdings due…
$620 million in BTC and a $109 million net rise in Q1 were reported by VanEck’s spot bitcoin ETF, HODL
Key data for the spot bitcoin exchange-traded fund (ETF) HODL, issued by the digital asset division of investment management VanEck, is revealed in a recent filing with the Securities and…
‘Roaring Kitty’ Returns on X, Solana Meme Coins, and GameStop Stock Rocket
A single image on Monday caused market cults to hail the apparent resurrection of TheRoaringKitty, the X profile of retail trader Keith Gill, who posted for the first time since…
The Bitcoin Premium in South Korea Drops But Is Still Higher Than Global Average
The bitcoin (BTC) premium in South Korea is declining, according to recent measures. As of May 11, 2024, the premium dropped to 2.79% from 12% in March, according to data…
Venice, a generative AI platform, is launched by ShapeShift founder Erik Voorhees
The well-known cryptocurrency enthusiast and former CEO of ShapeShift, Erik Voorhees, has introduced Venice, an artificial intelligence platform with a privacy focus. Venice does not save user data, although it…
The last 68 days have seen a nearly 94% decrease in Ethereum transaction fees
This week, bitinfocharts.com announced that the average cost of transacting on the Ethereum blockchain dropped dramatically to around 0.00065 ETH, or $1.91, per transaction. Furthermore, data gathered by the gas…
You can now purchase Nike, PS5, and Airbnb with Shiba Inus
This calculated action enables SHIB holders to reserve services like Airbnb and buy goods from well-known brands like Nike. By serving as a conduit between cryptocurrency and conventional finance, the…
One million plush units have been sold in less than a year, according to Pudgy Penguins
In a video uploaded on X, Pudgy Penguins, one of the top ten NFT collections by volume traded, revealed that it had sold more than a million plush toys through…
Jupiter Plans To Release A Smartphone App By July
Siong, a co-founder of Jupiter, the top DEX aggregator in Solana, disclosed the anticipated release date of the protocol’s mobile application. Siong disclosed during the Solana Crossroads 2024 conference that…