Vaibhavv Ali
In the first quarter (Q1) of 2024, Layer 2 (L2) scaling solution Optimism witnessed a series of robust network metrics, leading to a surge in its native OP token by 9% on the back of this bullish momentum. Positive Outlook for Increased Activity and Increasing Transaction Fees Optimism’s fully diluted market cap gained 1% to … Read more
Kraken, a prominent cryptocurrency exchange, is considering removing Tether’s USDT stablecoin from its European platform due to forthcoming regulations from the European Union. Marcus Hughes, Kraken’s global head of regulatory strategy, confirmed this possibility in a recent interview with Bloomberg. The European Union is set to introduce a new regulatory framework for digital assets, known … Read more
LayerZero Labs has successfully completed the LayerZero sybil self-report phase, representing a significant milestone in their ongoing endeavors to combat fraudulent activity within their network. Phase of LayerZero Sybil Self-Report Completed After scrutinizing more than two million addresses at first, the business has effectively detected 803,093 possible sybil addresses. This decrease of dubious addresses prepares … Read more
Ripple’s Q1 2024 XRP Markets Report, published on May 17, 2024, highlights substantial progress within the XRP markets and the wider cryptocurrency landscape. In Q12024, Ripple Trading Volumes Rise Despite Regulatory Inspection The research highlights a notable 40% rise in Ripple trading volumes to $865 million in Q1 2024 compared to Q4 2023, highlighting a … Read more
A bankruptcy court has granted approval for Genesis Global, a bankrupt cryptocurrency lender, to distribute approximately $3 billion in cash and cryptocurrency to its creditors. However, this decision leaves its parent company, Digital Currency Group (DCG), without any recovery from the bankruptcy. Judge Sean Lane sanctioned Genesis’s Chapter 11 repayment plan on Friday, May 17. … Read more
Despite widespread skepticism from crypto analysts and the larger crypto community regarding the approval of spot Ether exchange-traded funds (ETF) by the United States Securities and Exchange Commission (SEC), some analysts are suggesting that there might be room for a surprise. Crypto trader Matthew Hyland, in a post to his 142,000 followers on May 17, … Read more
In April, investments in blockchain gaming reached an impressive $988 million, marking the highest figure since January 2021. Additionally, the number of Daily Unique Active Wallets (DUAW) surged to a record 2.9 million for blockchain gaming in April alone. Pixels by Ronin emerged as a dominant force on Polygon’s platform in April, alongside titles like … Read more
In the past 24 hours, Bitcoin has continued its recent upward trend, reaching its highest price in over a month at just over $67,400. Ethereum has also joined the rally, breaking through the significant resistance level of $3,000 and surging above $3,100. Bitcoin faced significant challenges at the beginning of May, dropping to a multi-month … Read more
Param Labs, a gaming infrastructure developer based in the UAE, has secured a significant investment of $7 million to bolster the development of their Web3 gaming ecosystem. This funding round, which was reportedly “significantly oversubscribed,” signifies the growing interest in building the foundations for the next generation of blockchain-based games. The investment was led by Animoca Brands, a venture … Read more
An Australian man has admitted to participating in promoting cryptocurrency lending services for the now-defunct crypto exchange BitConnect, which gained notoriety as an alleged Ponzi scheme and ceased operations in 2018 amid accusations of defrauding victims of over $2.4 billion. The Australian Securities and Exchange Commission (ASIC) stated on May 17 that John Louis Anthony … Read more