VeChain and the UFC Partner to Tokenize Fighter Gloves; the Public Reacts
The Ultimate Fighting Championship (UFC) and blockchain platform VeChain have partnered to tokenize fighter gloves and use the VeChainThor network to track fighters’ identities. The business announced in a recent…
Fee Increase to 0.25% for Mainnet and Layer 2 Swaps Implemented by Uniswap Labs
The company that developed the Uniswap protocol, Uniswap Labs, has raised the costs that users must pay to trade on its interface. It is now 0.25% instead of 0.15% for…
Cryptocurrency Markets Collapse After an Israeli Drone Attack by Iran
After an Iranian drone strike on Israel, the Bitcoin market saw a sharp decline that resulted in a widespread sell-off of digital assets. With its 7.7% fall on Saturday, Bitcoin,…
Japan’s ruling party demands a “immediate” reform of the crypto tax
The Liberal Democratic Party, which is in power in Japan, wants the government to implement “immediate” crypto tax reforms. The web3 project team of the Liberal Democratic Party presented a…
Blockchain fraud organization returns with a new plan on the Blast network
According to reports, a group with a history of engaging in blockchain fraud has unveiled a new scheme on Blast. An on-chain detective named ZachXBT claims that the organization has…
Nigerian government seeks the extradition of Binance executive who is fugitive from Kenya
Nadeem Anjarwalla, the executive of Binance, fled from custody and was found in Kenya by the Nigerian authorities. Currently, the government wants to repatriate him to Nigeria. Punchng.com verified that…
Ethereum launch Aligned Layer secures a $2.6 million venture funding deal
As a “universal verification layer for Ethereum,” Aligned Layer is a startup that announced on Sunday, April 14, that it has raised $2.6 million in seed money. Leading the initiative…
How to Mine Monero in 2024
Due to their decentralized structure, blockchain networks like Monero don’t depend on institutions like banks to carry out transactions on behalf of users. Monero miners are responsible for verifying transactions. …
Complete Guide to Bitcoin Gold Mining in 2024
Minting new Bitcoin Gold (BTG) tokens and adding them to the Bitcoin Gold ecosystem is known as mining. In addition to safeguarding the network from malicious users, mining is in…
Coinbase Appeals Ruling in Ongoing SEC Lawsuit
Coinbase, a prominent cryptocurrency exchange, has filed a motion to appeal a judge’s decision last month that allowed a lawsuit involving the U.S. Securities and Exchange Commission (SEC) and the…
Ex-Security Engineer Sentenced to Three Years for First Smart Contract Hacking Conviction
A former security engineer, Shakeeb Ahmed, has been sentenced to three years in prison for hacking two decentralized crypto exchanges and stealing over $12 million in crypto assets. This case…
Layer 1 Blockchain Developer Berachain Secures $100 Million in Series B Funding
In a major funding milestone, Layer 1 blockchain developer Berachain has successfully closed a $100 million Series B round. The funding was co-led by Framework Ventures and the Abu Dhabi…
Pac Finance Faces $26 Million in ‘Unnecessary Liquidations’ on Blast Network
Pac Finance, a lending protocol built on the Blast network, experienced a wave of significant liquidations on April 11 after a sudden adjustment in the platform’s liquidation threshold. The unexpected…
Gopax Exchange Sees Narrowing Losses and Strong Revenue Growth in 2023
Gopax, a South Korean cryptocurrency exchange backed by Binance, reported a net loss of 51.3 billion Korean won (approximately $37 million) in 2023, significantly less than the 90.6 billion won…
TON Foundation Partners with HashKey to Boost Fiat Access for Telegram Wallet Users
The TON Foundation, the group contributing to The Open Network (TON) blockchain, has formed a partnership with HashKey Group, a digital asset financial services firm based in Hong Kong. The…
EigenLayer Launches Six New Actively Validated Services
EigenLayer, a blockchain protocol focused on enhancing Ethereum’s capabilities, has rolled out six new actively validated services (AVS) with the phase 3 mainnet launch. These services aim to improve the…
Anza Rolls Out Updates to Alleviate Solana Network Congestion
Anza has released an update in version 1.18.11 of its validator client to address persistent network congestion issues affecting the Solana blockchain. Validator clients play a crucial role in proof-of-stake…
Mysten Labs Introduces Suiplay0x1, a Web3-Enabled Gaming Handheld
Mysten Labs, known for developing the proof-of-stake blockchain project Sui, has revealed its plans to launch Suiplay0x1, a gaming handheld with Web3 capabilities. While specific hardware details remain under wraps,…
Former FTX Executive Ryan Salame to Be Sentenced in Late May
Ryan Salame, the former co-chief executive of FTX Digital Markets, will face sentencing in front of Judge Lewis Kaplan on May 28, 2024. This is a change from the original…
Cryptocurrency Market Faces Turbulence Amid Broader Economic Concerns
The cryptocurrency market experienced significant volatility on Friday as investor concerns about the broader economy and geopolitical tensions spread to digital assets. Bitcoin, the leading cryptocurrency, dropped to $63,000 after…