Day: April 23, 2024

BlackRock’s Bitcoin ETF Nears Record Inflow Streak

BlackRock’s spot Bitcoin ETF (IBIT) continues to make headlines as it extends its daily inflow streak to 70 consecutive trading days. This remarkable trend places the ETF on a path that could see it matching the record-setting 160-day streak held by JP Morgan’s Equity Premium Income (JEPI). Since the fund began reporting its flows on […]

Zentry: Evolving Play-to-Earn into Universal Gaming Rewards

GuildFi, a name familiar within the play-to-earn ecosystem, is undergoing a significant transformation. It has announced its rebranding to Zentry, with ambitious plans to develop a “superlayer” that integrates rewards across a diverse range of gaming and social platforms, transcending the boundaries of both Web3 and Web2 environments. Originally established during the peak of Axie […]

DePIN Tokens Surge Amidst Crypto Stagnation

In a contrasting scene where Bitcoin and Ethereum showed minimal movement, two tokens linked to decentralized physical infrastructure networks (DePIN), specifically Akash Network (AKT) and Zebec Network (ZBC), have recorded significant gains. Over the past day, AKT surged by 52.4% to trade at $6.29, while ZBC increased by 38.5% to reach $0.03473. This surge comes […]

PayPal’s Green Mining Initiative for Bitcoin

PayPal’s blockchain research division, in collaboration with Energy Web and DMG Blockchain Solutions, has introduced a groundbreaking initiative aimed at promoting sustainable practices in Bitcoin mining. Dubbed the “Green Mining Initiative,” this program seeks to leverage cryptoeconomic incentives to motivate miners to switch to low-carbon energy sources. The core of PayPal’s proposal involves the utilization […]

Bitcoin’s Runes Launch Ignites Market Buzz

The launch of Bitcoin’s new fungible token standard, Runes, coincided with the blockchain’s quadrennial halving event late last Friday, sparking an unprecedented surge in network fees due to immediate demand. This notable market response has drawn the attention of major players, including centralized exchanges, with Gate.io, a prominent Cayman Islands-based exchange, swiftly listing three of […]

Kennedy Proposes Blockchain for US Budget

In a bold move towards governmental transparency, U.S. presidential candidate Robert F. Kennedy Jr. has advocated for the integration of blockchain technology into federal budget management. Speaking at a Michigan rally, Kennedy outlined a visionary Web3 overhaul, aiming to make every detail of the U.S. budget accessible to the public via blockchain. “I’m going to […]

PDVSA Leans on Tether Amid US Sanctions

Venezuela’s state-run oil giant, PDVSA, is turning to the cryptocurrency Tether (USDT) in an innovative strategy to circumvent new U.S. sanctions. According to Reuters, the company is increasing its use of USDT, aiming to protect its operations from the risks of having foreign bank accounts frozen. Tether, recognized as the world’s largest dollar-pegged stablecoin, offers […]

Change Healthcare’s Costly Ransom Ordeal

More than two months into one of the most severe ransomware crises in cybersecurity history, Change Healthcare confirmed a bitter reality already evident from Bitcoin’s blockchain and security experts: it paid a ransom following a cyberattack in February. Despite this, the threat of leaking vast volumes of sensitive medical data looms large. In late February, […]