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Liquid Staking Protocols See Increase in Monthly ETH Deposits Despite Withdrawals Post-Shapella Hard Fork

[Apr 15, 2023 9:30 AM] Following the Shapella hard fork on April 12, 2023, approximately 332,368 ether, valued at around $699 million, has been withdrawn. Despite these withdrawals, liquid staking protocols like Lido, Rocketpool, and others have experienced an increase…

2023’s Bitcoin Obituaries: Bitcoin Defies 6 Death Predictions With 80% Price Increase Since End of 2022

[Apr 11, 2023 12:00 PM] It’s been more than 100 days since the end of 2022, and the price of bitcoin has risen more than 80% since then. Over the past 30 days, bitcoin has increased by more than 45% against the U.S. dollar. Despite its recovery this year, after a…

Arbitrum Registers Record Activity Over the Last 2 Weeks as Transactions per Day Count Surges

[Apr 6, 2023 8:30 AM] In the past 20 days, the Arbitrum blockchain has recorded a significant number of transactions coinciding with the recent ARB airdrop that occurred on March 23. About two weeks ago, on that day, the Arbitrum network recorded an all-time high of…

Dfinity Foundation Launches Chain-Key Bitcoin, a Native Internet Computer BTC Derivative Token

[Apr 3, 2023 12:30 PM] On April 3, 2023, the Dfinity Foundation, a development team behind the Internet Computer (ICP) network, announced the launch of a native ICP token called “chain-key bitcoin” or “ckBTC.” The bitcoin derivative is backed…

BLUR Token Plummets Over 28% in March, Despite Blur’s Dominance in NFT Sales Market

[Apr 2, 2023 7:30 PM] While the non-fungible token marketplace Blur has captured a significant amount of the market share in terms of NFT sales, the market’s native token, BLUR, lost more than 28% in value last month. At present, BLUR tokens are down more than…

March Bitcoin Mining Stats Show Climbing Revenue and Hashrate Highs

[Apr 1, 2023 9:30 AM] According to statistics, 4,498 blocks have been mined in the last 30 days, creating 28,112 new bitcoins over the past month. Bitcoin’s network hashrate has been around 341 exahash per second (EH/s) during the last 2,016 blocks or the last…

Crypto Industry Struggles To Access Banking Services In The US, Report Shows

[Mar 30, 2023 4:21 PM] Due to various factors, the crypto industry faces increasing difficulty finding banking services in the US, according to a Bloomberg report, banks have hesitated to work with crypto customers. Recent events such as the closure of crypto-friendly…

An overview of fake product detection using blockchain technology

[Mar 27, 2023 12:15 PM] Blockchain technology can be used for fake product detection, providing secure and transparent records of transactions to prevent fraud and counterfeiting.

Magic Eden Launches Bitcoin Ordinal Inscription Market, Partners With Hiro, Xverse to Bolster Support

[Mar 21, 2023 4:00 PM] On Monday, the non-fungible token (NFT) marketplace Magic Eden announced the launch of Bitcoin Ordinal inscription support. Magic Eden said it has partnered with the wallets Hiro and Xverse to “bring a familiar wallet transaction experience…

Blockchain to Become More Relevant in Payments This Year, Sberbank Exec Says

[Mar 20, 2023 5:30 AM] Blockchain technology can help solve current issues with settlements, according to the deputy chief executive of Sberbank. Russia’s largest bank is working with other financial institutions to develop blockchain-based payment applications, the…

Bank of Russia Registers Another Digital Asset Issuer

[Mar 12, 2023 11:30 PM] The Central Bank of Russia has added another entity to its register of authorized issuers of digital financial assets. The platform, called ‘Masterchain,’ becomes the fifth ‘information system operator’ in the country that can legally tokenize…

Yuga Labs’ Twelvefold Collection of Ordinal Inscriptions Generates 735 Bitcoin, Worth More Than $16 Million

[Mar 7, 2023 12:30 PM] Yuga Labs, the creators of the blue-chip non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC), announced that the team has completed its Ordinal Inscription auction with a total of 3,246 bidders. The Twelvefold collection of inscriptions…

Terawulf Energizes First Nuclear-Powered Bitcoin Mining Facility in the US, Plans to Expand Operations

[Mar 6, 2023 3:30 PM] Terawulf, a bitcoin mining operation, has announced that it has energized the first nuclear-powered bitcoin mining facility in the United States at the company’s Nautilus Facility in Pennsylvania. According to the company, approximately 1…

While Bitcoin’s Hashrate Remains Sky-High, Merge-Mined Crypto Asset Networks Benefit

[Mar 6, 2023 11:30 AM] In recent times, Bitcoin’s hashrate has been consistently above 300 exahash per second (EH/s) as multiple mining pools dedicate significant hashpower to the Bitcoin blockchain today. Interestingly, some of the world’s top bitcoin…

Pakistan Banks to Use Blockchain Technology for KYC

[Mar 5, 2023 10:30 PM] Banks in Pakistan plan to launch an electronic platform for know-your-customer procedures that will be operating on a national level. The blockchain-based system will allow them to exchange the personal information of customers through what they…

Apple’s Approval Process Delays Uniswap’s Mobile App Launch; Firm Launches Limited Trial Release

[Mar 4, 2023 3:00 PM] On March 3, 2023, Uniswap Labs, the firm behind the decentralized exchange Uniswap, announced the launch of a limited early-release application through Apple’s Testflight program. The company stated that the limited release was due to Apple…

Russian Bank Issues Bank Guarantee in Chinese Yuan Using Blockchain

[Mar 2, 2023 8:00 AM] A bank in Russia has issued the country’s first blockchain-based bank guarantee denominated in Chinese currency. The financial institution underscored the advantages of using a digital form of the document and pointed out that demand for yuan…

Solana Blockchain Experiences Technical Glitch Causing Transaction Slowdowns

[Feb 25, 2023 3:00 PM] The Solana smart contract token network experienced a technical glitch on Saturday, February 25, 2023, known as a “large forking event,” causing transaction failures for some users. Solana’s incident report referred to it as…

NFT Sales Soar 138% in Past Week, Blur Market Dominates This Week’s ETH-Based NFT Sales

[Feb 24, 2023 2:00 PM] Non-fungible token (NFT) sales have soared this past week, climbing 138.15% higher than the week before. Sales recorded between last Friday and Feb. 24, 2023, indicate that $801 million in NFT sales have been settled over the last seven days…

Helium Network Migration to Solana Blockchain in March Drives Significant Gains for SOL and HNT Tokens

[Feb 20, 2023 11:00 AM] Over the past seven days, the crypto asset solana has increased more than 23% against the U.S. dollar after the announcement that the Helium Network plans to migrate to the Solana blockchain on March 27. Helium Network’s native token, helium…

El Salvador Considers Opening Second Bitcoin Embassy in Texas to Boost Economic Exchange

[Feb 15, 2023 11:30 AM] On Feb. 14, 2023, Milena Mayorga, the Salvadoran ambassador to the United States, announced that her country is considering opening a second bitcoin embassy in the Lone Star State. Mayorga said that Texas is “our new ally” and the goal…

VeChain Aims To Take Web3 By Storm, Here’s How

[Feb 2, 2023 2:10 PM] The crypto industry has seen a lot of hype at the beginning of 2023, and the VeChain Foundation is trying to keep up. The sector is attracting attention around non-fungible tokens (NFTs), the Metaverse, Web3, and, more recently, artificial…

Hashkey Capital Raises $500 Million for Its Third Fund, Despite Crypto Market Downturn

[Jan 17, 2023 10:30 PM] On Tuesday, global asset manager Hashkey, which focuses on crypto and blockchain investments, announced that it has closed its third fund at $500 million. The company’s “HashKey Fintech Investment III” is dedicated to developing…

Putin Calls for International Settlements Based on Blockchain and Digital Currencies

[Nov 27, 2022 5:00 AM] Russian President Vladimir Putin believes a new system for international money transfers is needed to reduce dependence on big banks and third parties. He is convinced that cross-border payments relying on digital currency and distributed ledger…