Day: December 29, 2023

Celsius Network’s Strategic Shift to Bitcoin Mining Approved by Court

Court’s Approval of Celsius Network’s New Direction Celsius Network, a cryptocurrency lender, has received approval from a U.S. bankruptcy judge to alter its business model and focus on bitcoin mining. This decision allows Celsius to diverge from its previously approved bankruptcy plan, with the judge citing that the new restructuring direction would not leave creditors […]

Solana Gains Ground in Google Searches Over Ethereum

Solana has begun to outpace Ethereum in terms of Google search interest—a key indicator of public attention and curiosity in the crypto world. Rising Interest in Solana The period from December 17 to December 23, 2023, marked a significant milestone for Solana as its Google search interest score reached 56, surpassing Ethereum’s score of 50. […]

Cautionary Tale: Blockchain Developer Scammed on Upwork

Even seasoned developers can fall prey to sophisticated scams. A concerning trend has emerged on the freelance platform Upwork, where malicious actors pose as legitimate recruiters to deceive blockchain developers. The Lure of Fraudulent Job Offers These scammers craft convincing job postings and direct potential candidates to download and work on code, which ostensibly needs […]

OKX Exchange Announces Delisting of Privacy Coins in 2024 Following User Feedback

OKX has announced plans to delist several privacy tokens, including well-known ones like Monero (XMR), Zcash (ZEC), Dash (DASH), and Horizen (ZEN), in early 2024. This decision, impacting a total of 11 trading pairs, is part of OKX’s commitment to maintaining a robust spot trading environment. User Feedback and Delisting Guidelines OKX’s decision is influenced […]

Vitalik Buterin Reflects on the Shift in Web3 Visions

Ethereum co-founder Vitalik Buterin expressed concerns in his latest blog post, titled “Make Ethereum Cypherpunk Again.” He noted a growing ideological divide between the blockchain and non-blockchain communities, with the latter viewing the crypto space as a distraction rather than an ally. Buterin lamented the fading original vision of Web3, which was initially conceptualized by […]

Blast’s Airdrop Anticipation Drives $1.1 Billion Deposits

Blast, an Ethereum layer-2 scaling network and brainchild of the Blur NFT marketplace creator, amasses over $1.1 billion in user deposits. This influx, driven by the allure of earning yields and points towards an upcoming token airdrop, positions Blast as the 23rd largest protocol by total value locked, according to DeFiLlama. With over 86,000 participants, […]

PancakeSwap’s Bold Move: Trimming CAKE Supply for Future Growth

PancakeSwap, a leading decentralized exchange (DEX), has put forward a groundbreaking proposal to its community. The proposition involves a substantial reduction in the total supply of its native token, CAKE, from 750 million to 450 million. This decision, set to be finalized by January 2024, reflects PancakeSwap’s commitment to fostering a sustainable and growth-oriented environment. […]

Exploring 2023’s Defi Trends: A Transformative Year for DeFi

2023 was a pivotal year for decentralized finance (defi), showcasing significant strides and challenges. This year witnessed an impressive evolution in defi, from the rise of layer-2 solutions to the integration of traditional finance and innovations in web3 gaming. Let’s delve into the key trends that shaped defi in 2023 and their implications for the […]