Day: 20 September 2024

It is 2024 already, and the NFT market still looks a pale shadow of its heyday. Once the darling of the crypto world, NFTs have now been relegated to the lower leagues. The initial excitement has faded, and the sector now faces the challenge of maintaining relevance and attracting new ...

RWA tokenization platform Securitize has partnered with Wormhole Foundation to enhance the cross-chain functionality of its assets. In a blog post published on September 20, the Foundation revealed that this partnership will allow assets issued through Securitize to take advantage of Wormhole's blockchain interoperability framework. Securitize will customize the blockchain's ...

Brazilian authorities have reportedly launched a major crackdown on a multi-billion-dollar cryptocurrency-based money laundering operation spanning several cities, including São Paulo, Fortaleza, and Brasília. The operation, which has laundered billions of dollars, is at the centre of "Operation Niflheim," an effort led by the Federal Revenue Service and Federal Police. ...

Bitcoin mining companies worldwide have been observed in recent times to be shifting from relying on debt to raising funds through equity to stabilize their finances and position themselves for long-term success. Well-known companies such as Frankfurt-based Northern Data, US-based Marathon Digital, as well as others like Bitdeer, have opted ...

In just nine months, spot Bitcoin ETFs have gone from the new kid on the block to the life of the party. Over $4.6 billion worth of units of these ETFs were traded within 24 hours of their approval. By March, daily trading volumes had surged to nearly $10 billion. ...

Singapore-based crypto exchange BingX has suspended withdrawals following the detection of a potential hacker attack targeting its hot wallet, with blockchain analysts estimating the losses to exceed tens of millions of dollars. In a post on X dated Sept. 20, BingX's chief product officer, Vivien Lin, revealed that the security ...

Solana-based decentralised exchange aggregator Jupiter has acquired SolanaFM, a blockchain explorer backed by Etherscan. In a September 20 announcement on X, SolanaFM stated it will prioritise significantly enhancing Jupiter’s data and infrastructure capabilities while reassuring users that the platform will continue its normal operations. Founded in 2021, SolanaFM offers users ...

Ethereum’s L1 network revenue is haemorrhaging pretty badly. It crashed by a whopping 99% from a peak of $35.5 million on March 5, 2024, to a mere $578,000 as of September 2, 2024, raising valid concerns about the future of one of crypto’s most dominant ecosystems.  The Dencun upgrade, launched ...

Decentralized cloud infrastructure company Fluence has launched a staking program for community members to earn rewards. According to the company's statement, the program introduces a new delegated staking model that marks a departure from traditional staking, which was previously limited to hardware providers in the space. Now, all Fluence token ...

Over the last five months, zkSync, a prominent Layer 2 (L2) solution for Ethereum, has experienced a sharp decline in network activity, leaving many to question its fall from grace. Once hailed for its potential to enhance scalability and reduce transaction fees, zkSync is now grappling with significant drops in ...