Day: 12 August 2024

A crypto whale wallet has transferred 5,000 ETH, valued at $13.2 million, to the OKX. This move, flagged by blockchain analytics platform LookonChain in an X post on Monday, August 12, is part of a series of transactions by the same entity over the past month. A whale who received ...

The rapid advancement of technology has ushered in unprecedented connectivity, yet the global telecommunications industry continues to face significant challenges. Under the centralized Web2 model, communication networks suffer from monopolistic practices, leading to a myriad of issues: network isolation among operators, insufficient coverage and capacity, high data costs with inflexible ...

Marathon Digital Holdings has announced plans to raise $250 million through a private offering of convertible senior notes. The world's largest Bitcoin mining firm revealed this in a press release published today, August 12, 2024.  The release stated that the funds would be used to expand its Bitcoin holdings and ...

Tether, the leading stablecoin issuer by market capitalization, is setting its sights on the artificial intelligence (AI) sector to challenge tech giants like Microsoft and Amazon, according to CEO Paolo Ardoino. In a recent WIRED interview, Ardoino outlined Tether's evolving strategy, which now includes significant investments in decentralized technologies and ...

The government of the City of Santa Monica in California is taking a pioneering step in the cryptocurrency education sector with the launch of a new "Bitcoin Office." This initiative, spearheaded by Vice Mayor Lana Negrete, aims to educate residents and businesses about Bitcoin and its role in the modern ...

Binance has announced its plans to convert a series of delisted tokens to USDC starting September 2. This move affects 15 tokens, including Bitcoin Gold (BTG), Monero (XMR), Tribe (TRIBE), Sologenic (SOLO), Spartan Protocol (SPARTA), and Symbol (XYM), among others. These moves reflect Binance's strategy to streamline its offerings and ...

The team behind Canto, a Cosmos-based Layer 1 blockchain, has announced plans for an upgrade on August 12 to address the network’s prolonged 33-hour outage. The blockchain, which launched in August 2022 and is designed for DeFi applications with Ethereum Virtual Machine (EVM) compatibility, has been offline since August 11. ...