BTC ETFs Remain Widely Popular, Can Bitcoin Surpass Gold as a Store of Value?
The amount of assets flowing into bitcoin ETFs has surpassed half of those in the gold ETF category as net inflows into these funds continue and the price of BTC…
Utila raises $11.5M in Funding Round to boost Institutional Crypto Platform
In a seed fundraising round sponsored by Wing VC and NFX, Utila has raised $11.5 million to assist in the development of its institutional cryptocurrency platform. Among the other investors…
DWF Labs to invest $10 Million in $Token
A $10 million investment in TokenFi’s native currency, TOKEN will be made by DWF Labs to promote the tokenization industry, which is expected to generate $16 trillion in revenue by…
Polymer brings IBC to Ethereum via initial Testnet
The Polyverse Testnet has been released by Polymer, an Ethereum rollup that aims to become Ethereum’s interoperability hub. Polymer is the latest project to attempt to address blockchain interoperability. Today…
EigenLayer TVL crosses $11 billion, overtakes AAVE
EigenLayer, a restaking protocol, is now the second-largest protocol by total value locked (TVL), surpassing even the well-known decentralized finance protocol Aave. EigenLayer had decided to remove the network’s deposit…
Archetype Fronts $3 Million Investment in Stack’s On-Chain Points Infrastructure
Stack, a startup focusing on building infrastructure for on-chain points, has successfully secured $3 million in seed funding. The funding round was led by Archetype, a venture firm, and witnessed…
Bitdeer Technologies Unveils Advanced 4nm Bitcoin Mining Chip for Upcoming Sealminer A1 Rig
Bitdeer’s successful testing of a self-designed Bitcoin mining chip with 4-nanometer process technology. This innovation aims to enhance Bitcoin mining performance while minimizing power consumption, leading to lower operating costs…
Tether Unveils Proactive Measures for Blockchain Security and User Trust
Tether displays the commitment to safeguarding user accessibility and funds by implementing a comprehensive blockchain recovery plan. Tether has recognized the importance of addressing potential disruptions on any blockchain where…
South Korea Launches Investigation Into Worldcoin Amid Growing Privacy Concerns
The South Korean Personal Information Protection Commission has initiated an investigation into Worldcoin following multiple complaints about the project’s handling of sensitive personal information. The focus is particularly on the…
Crypto Bytes: Top 10 Breaking News from Cryptoverse
Stack has raised $3M in venture funding to build out the infrastructure for on-chain points. Round was led by Archetype, with additional backing from Scalar Capital, A.Capital, Coinbase Ventures. SEC…
Binance Suspends Services in Nigeria
The cryptocurrency exchange Binance declared that it will no longer offer any NGN-related services. The company announced today that all leftover NGN balances in Binance users’ accounts will be immediately…
Bulls prevail even as Ark Invest offloads Coinbase shares and Blackrock seeks more Bitcoin ETFs
Cryptocurrency liquidations have surpassed half a billion dollars. Blackrock seeks to purchase more BTC ETFs while Ark Invest offloads Coinbase shares. The market displays bullish sentiment with Bitcoin rising to…
Multichain to Wind up as Fantom Seeks Recovery of Missing or Frozen Assets
Fantom Foundation, a blockchain platform for decentralised finance has revealed on its blog that it intends to ask the court to dissolve Multichain Foundation in order to retrieve funds that…
Over 100 million transactions have been made on Avail’s testnet, demonstrating mainnet capability
Over 100 million transactions have been conducted on Avail’s Goldberg testnet, which is a significant milestone in the company’s preparation for a mainnet launch. Over 100 million transactions were successfully…
Upcoming September 2024: FSC Plans to Draft New Digital Asset Regulations for Taiwan
In September 2024, the Financial Supervisory Commission (FSC) of Taiwan plans to submit a revised draft of the nation’s digital asset legislation. According to Huang Tien-mu, chairman of the FSC,…
Blum- Hybrid exchange launched by former Binance employees
In its first 48 hours of existence, Blum, a cryptocurrency trading programme that combines CEX and DEX facilities for a novel trading experience, attracted over 50,000 signups. The business intends…
Hychain Games Initiates Node Sale for Hytopia Crypto Game Rebrand
In a bid for a fresh start after the collapse of the Minecraft-based NFT Worlds project, now rebranded as Hychain Games, the development team is gearing up for a comeback…
Ethereum Scaling Pioneer Taiko Secures $15M Funding Ahead of Mainnet Launch
Blockchain project Taiko, dedicated to enhancing Ethereum’s scalability, has disclosed a successful $15 million Series A funding round in preparation for its imminent mainnet launch. Key contributors to the funding…
FTX Liquidator Calls for Electronic Claims Submission, Sets Deadline
In a crucial development for FTX, the designated liquidator has formally invited creditors to submit their claims electronically, marking a significant step in the streamlined handling of the claims process….
Blast Network Faces 65% TVL Plunge, Losing $2 Billion Post-Mainnet Launch Amid Phishing Menace
In a swift turn of events, the Ethereum-based layer two blockchain, Blast, witnessed a staggering 65% decline in Total Value Locked (TVL) within just 24 hours of its mainnet launch…