Day: June 10, 2024

Bitcoin Blockchain Congestion Linked to OKX Exchange Activity

Bitcoin users currently face high transaction fees and delays, an issue attributed not to the usual suspects like tokenization protocols but to activities related to OKX, a major Seychelles-based cryptocurrency exchange. According to data from mempool.space, a medium-priority Bitcoin transaction now costs around $34.08 due to a massive backlog exceeding 333,400 unconfirmed transactions. Typically, fee […]

Controversy Swirls Around $237 Million Arbitrum Gaming Proposal

The Arbitrum ecosystem, a prominent layer 2 blockchain network, is currently embroiled in a contentious debate over a substantial $237 million program aimed at catalyzing the gaming industry. This initiative, approved through an onchain proposal, would allocate 225 million ARB tokens to attract builders and players, intending to expand adoption within the gaming sector. Despite […]

US Charges Three UK Nationals in $2.7 Million NFT Rug Pull Scam

The US Attorney’s Office for the Southern District of New York has announced charges against three UK nationals for their involvement in a 2021 NFT rug pull scam. The individuals, Mohamed-Amin Atcha, Mohamed Rilaz Waleedh, and Daood Hassan, all aged 23, face serious allegations of wire fraud and money laundering, with each count carrying a […]

Trump Proclaims Himself the “Crypto President”

During a recent fundraising event, Republican presidential candidate Donald Trump declared himself the “crypto president,” a stance that resonated among attendees. According to a report by Reuters, this proclamation was echoed by Trevor Traina, a former ambassador under Trump’s administration, who attended the event. Traina relayed that Trump expressed decidedly pro-crypto sentiments. Trump, however, did […]

Bitcoin ETFs Surge Despite Market Volatility

Amid a tumultuous week in the cryptocurrency market, Bitcoin exchange-traded funds (ETFs) have seen a significant influx of funds, securing nearly $2 billion worth of BTC deposits, as reported by CoinShares. Last Friday, the price of Bitcoin took a steep dive below $69,000, a sharp decline influenced by unexpectedly robust jobs data from the U.S. […]

Crypto: The Game Returns for Season 3 Under Uniswap Labs

Uniswap Labs, the entity behind the prominent Ethereum decentralized exchange, Uniswap, has officially acquired Crypto: The Game, the “Survivor”-inspired reality competition. The announcement made on Monday confirmed that the game’s founders, Dylan Abruscato, Tyler Cagle, and Bryan Lee, will join Uniswap Labs. They will guide the future of the game and assist in refining Uniswap […]

Ariana Grande’s Meme Share Spikes Solana Coin

Early Monday, the Solana meme coin, Michi, witnessed an 18% surge in its value following pop star Ariana Grande’s Instagram story post. This rise in Michi’s price, as tracked by CoinGecko, came shortly after Grande shared a meme that inspired the creation of the coin. The meme featured in Grande’s story was tailored to hold […]

ZkSync Launches ZK Nation to Boost Decentralization

In an exciting development, the Ethereum layer-2 network, ZkSync, has unveiled its latest initiative, ZK Nation, aimed at amplifying the protocol’s decentralization. This initiative involves collaboration among the community, security professionals, and technical experts to enhance and expand the ZkSync ecosystem. The announcement precedes further details set to be released later this week about ZkSync’s […]