Day: January 16, 2024

GameStop Exits Crypto: NFT Marketplace Closure

GameStop, the renowned video game retailer, has officially decided to exit the crypto industry, marking an end to its relatively brief venture into the world of Non-Fungible Tokens (NFTs) and blockchain. This exit comes after a challenging two-year period characterized by underperformance, layoffs, and regulatory uncertainties. In 2022, GameStop ventured into the crypto space with […]

Starknet Preps for STRK Launch with Test Transactions

Starknet, a Layer 2 (L2) scaling solution for Ethereum, is making significant strides towards the launch of its native token, STRK, anticipated by Q2 2024. The Starknet Foundation’s official Ethereum address recently executed seven cross-chain transactions, transferring less than three STRK tokens between Ethereum’s mainnet and Starknet’s L2 network. These transactions, visible on Starkscan, likely […]

Steering Towards AI and Clearer Crypto Regulation

As the 2024 World Economic Forum (WEF) convenes in the picturesque Swiss city of Davos, it’s clear that the intersection of rapidly evolving technology and the need for robust regulatory frameworks is at the forefront of global discourse. With over 100 government delegations and a plethora of stakeholders from various sectors, the conference, themed “Rebuilding […]

Avalanche’s ASC-20 Tokens Surge in Popularity

The cryptocurrency world is buzzing with the latest developments in Avalanche’s inscription tokens, known as ASC-20, following the success of Bitcoin Ordinals and BRC-20 tokens. The Avalanche blockchain has become a hotbed of investor interest, evidenced by the staggering number of over 100 million inscriptions minted since last year. The rise in popularity was highlighted […]

Fantom Slashes Validator Staking Requirements

The Fantom Foundation has recently implemented a significant change to its layer-1 blockchain, Fantom, by reducing the validator self-staking requirement by 90%. This decision follows a governance vote concluded in June 2023 and aims to bolster network security and accessibility. Decreased Staking Threshold: The staking threshold for validators on the Fantom blockchain has been lowered […]

USDC’s Remarkable Rise in Asia’s Remittance Market

Circle, the issuer of the USDC stablecoin, has observed a significant increase in the use of USDC for remittances across Asia, according to their latest report. The study sheds light on the expanding role of cryptocurrencies in practical financial applications, moving beyond mere speculative trading. USDC’s Growing Influence in Asia In 2022, USDC transfers totaling […]