Day: March 2, 2024

‘Blast’ Blasts Open: $2.3 Billion Unlocked as Ethereum Scaler Goes Live

Blast, the Ethereum layer-2 scaling network from the founder of Blur, a leading NFT marketplace, finally launched its mainnet on Thursday. This long-awaited event unlocked billions of dollars in crypto funds that users had previously deposited on the network in anticipation of staking rewards and an upcoming token airdrop. Just before the launch, Blast’s website […]

Worldcoin Expands Network with Ottr Finance Acquisition

The crypto landscape witnessed a strategic move recently, as Tools for Humanity, the main developer behind the “proof-of-personhood” project Worldcoin, announced the acquisition of Ottr Finance, a Solana-based digital wallet startup. This acquisition appears to be driven by a focus on enhancing user experience, particularly for Worldcoin’s influx of new users, many of whom are […]

Bitcoin ETF Surge: Mixed Impact on Miners Ahead of Halving

The long-awaited Bitcoin exchange-traded fund (ETF) launch in January has sent Bitcoin prices soaring over the past 50 days. However, for Bitcoin miners, the party seems to have passed them by – with one exception. While investors rejoiced in Bitcoin’s price surge (up 42% year-to-date), shares of several publicly traded mining companies have remained stagnant […]

Binance in Nigerian Crosshairs: Fined or Misunderstood?

A cloud of uncertainty hangs over Binance’s operations in Nigeria, a crucial market for crypto in Africa. Recent events paint a picture of a strained association between the crypto exchange giant and Nigerian authorities, marked by accusations, potential fines, and even the detention of executives. On Friday, confusion erupted when a government official, speaking through […]

Portal Token: A New Gaming Crypto Emerges

The gaming industry is witnessing a monumental shift with the introduction of Portal, a gaming token and cross-chain platform that has recently made its debut. This event has not only excited airdrop farmers and Binance token stakers but has also set a new precedent in the realm of digital currency within the gaming sphere. Portal, […]

States Challenge SEC’s Crypto Authority

The U.S. Securities and Exchange Commission (SEC), eight state attorney generals have accused the agency of overreaching its regulatory authority by attempting to govern “non-securities” in the cryptocurrency sector. This bold claim was articulated in an amicus brief filed amidst the SEC’s ongoing legal battle against Kraken’s parent company, highlighting a growing rift between state […]

StarkWare Unveils Stwo Prover

StarkWare, a pivotal figure in blockchain scalability solutions, has made a groundbreaking announcement at Eth Denver, revealing their latest innovation: Stwo, a zero-knowledge prover. This new development is aimed at drastically reducing both latency and transaction costs, signalling a significant leap forward in blockchain technology efficiency. Oren Katz, StarkWare’s Chief Operating Officer, elaborated on the […]

SEC’s Legal Battles Hinder Crypto Innovation, Argues Commissioner Peirce

Hester Peirce, the U.S. Securities and Exchange Commission (SEC) commissioner known for her pro-crypto stance, launched a pointed critique of the agency’s current approach to regulating digital assets during her keynote address at ETHDenver. In a speech that resonated with the crypto-focused audience, Peirce condemned the SEC’s “enforcement-only mode,” arguing that it stifles innovation and […]