Category Archive: Cryptocurrency, No picture
Celo opts for Optimism as it transitions to L2
After an extensive eight-month evaluation process, cLabs, the development team behind the Celo blockchain, has officially proposed using Optimism’s OP Stack for its transition from a standalone blockchain to an Ethereum-based layer 2 network. ✨A very special 4th anniversary of Celo mainnet’s launch! cLabs Proposes Migrating Celo to an Ethereum L2 leveraging the OP Stack. […]
Bitcoin miners might pivot to AI after the halving — CoinShares
Bitcoin miners may shift their focus towards artificial intelligence (AI) in energy-secure locations following the blockchain’s quadrennial halving, according to a report by digital asset manager CoinShares.The halving, which occurred on Friday evening, slows the rate of growth in bitcoin supply by 50%, potentially leading miners to seek alternative revenue streams.CoinShares noted that mining companies […]
Crypto funds see $206 million in weekly outflows led by US Bitcoin ETFs: CoinShares
Crypto exchange-traded products (ETP) experienced $206 million in outflows last week and a decrease of $18 billion in trading volume, reveals a report by asset management firm CoinShares. Bitcoin (BTC) products represent 28% of the trading volumes, a drop from 55% a month earlier.James Butterfill, CoinShares’ head of research, stated that this trend indicates a […]
Galxe DAO proposes to change token symbol from ‘GAL’ to ‘G’
Galxe DAO has put forward a proposal to change its token symbol from ‘GAL’ to ‘G,’ as part of a broader token contract migration effort. The proposal, introduced by community contributor Steven Lei last Wednesday, seeks to solidify the organization’s brand identity, reduce confusion in the crypto market, and enhance community involvement. The Snapshot vote […]
Shiba Inu raises $12 million in token sale to develop its privacy-centric layer 3 blockchain
The team behind Shiba Inu (SHIB) has successfully raised $12 million through the sale of its not-yet-released token, TREAT, the utility and governance token for Shiba Inu’s new privacy-centric layer 3 blockchain.According to the team’s recent announcement, the round saw the participation of numerous venture capital (VC) firms, including Mechanism Capital, Big Brain Holdings, Cypher […]
Bitcoin transaction fees stabilize after fourth halving
Miners enjoyed a brief boon as transaction fees sharply rose to as much as $128 per transaction following the fourth Bitcoin halving event and the much-awaited launch of the Runes protocol. Two days ago saw the much anticipated Bitcoin halving event which reduced Bitcoin (BTC) rewards for miners from 6.25 BTC per block to just […]
PayPal stablecoin PYUSD soon available on Triple-A
Singapore-based licensed payment firm Triple-A is set to integrate PayPal’s stablecoin, PYUSD, into its range of token offerings by the end of June, according to a recent report from Bloomberg.With the addition of PYUSD, Triple-A customers can choose from a wide range of payment options, which currently include Bitcoin, Ethereum, Tether’s USDT, and Circle’s USDC.As […]
Google Cloud joins EigenLayer mainnet as node operator
Google Cloud has launched its EigenLayer mainnet node operator, marking a milestone for the restaking protocol and its ecosystem.Sam Padilla, Web3 product manager and node operator at Google Cloud, announced the successful launch of the company’s EigenLayer mainnet operator on X (formerly Twitter). Excited to share that the @googlecloud Eigen Layer mainnet operator is up […]
Ethereum spot ETF faces skepticism as SEC’s decision looms
When the SEC is silent, the ETF market checks its pulse.Several applications for spot Ethereum ETFs are pending SEC approval. As the decision date approaches, uncertainty grows, with financial and crypto leaders expressing a mix of skepticism and hope.A recent report from Barron’s suggests an ongoing, frustrating situation for exchange-trade fund (ETF) issuers.According to Barron’s, […]
Circle expands its Web3 Services to Solana as stablecoin transfers surge
Circle is extending its Web3 Services and Tools suite to the Solana blockchain to enhance USDC’s accessibility for developers and enterprises, enabling seamless integration into various applications. “Stablecoins like $USDC are creating a more open and inclusive financial system. We’re committed to enabling enterprises and builders with the tools needed to make USDC accessible to […]
