Category Archive: Cryptocurrency, No picture
Global crypto trading volume set to surpass $108 trillion in 2024: Coinwire
Key Takeaways Global crypto trading volume estimated to exceed $108 trillion in 2024, up 90% from 2022. Europe leads global crypto transaction value at 37.32%, followed by Asia at 36.17%. Global crypto trading volume in 2024 is estimated to exceed $108 trillion, nearly 90% higher than in 2022, according to a Coinwire report. The US […]
Terra hit by $6 million loss as attacker exploits vulnerability known since April
Key Takeaways Terra blockchain lost over $6 million in an exploit using a vulnerability known since April 2023. ASTRO token price dropped up to 71% following the exploit, while Terra’s total value locked decreased by 15%. Cosmos-based Terra blockchain lost over $6 million after being hit with an exploit today, as reported by blockchain security […]
Bitcoin extends correction following Mt. Gox’s billion transfer
Key Takeaways Bitcoin experienced a significant price decline, falling below $66,000 after Mt. Gox’s new Bitcoin move. The impact of the Mt. Gox transfer on the market is uncertain, with some analysts suggesting creditors may hold onto their Bitcoin. The price of Bitcoin (BTC) fell below $66,00 on Tuesday and hit a low of $65,500 […]
Fed decision looms after US gov moves Bitcoin – here’s what to expect
Key Takeaways BOJ, Fed, and BOE are making crucial rate decisions this week. Global markets anticipate the impact of these central bank policies. The US Federal Reserve is set to announce its decision regarding interest rates this Wednesday afternoon at around 2PM EDT.As it stands, the Fed is not expected to announce cut rates just […]
LayerZero becomes default interoperability solution for Animoca Brands
Key Takeaways LayerZero is becoming the default interoperability solution for Animoca Brands. The collaboration focuses on enhancing Web3 gaming and digital content accessibility. Animoca Brands, a leader in digital property rights for gaming and the open metaverse, has inked a multi-year strategic partnership with LayerZero Labs, the team behind the omnichain interoperability protocol LayerZero. As […]
Cardano’s Hoskinson: DeFi ecosystem just moving water in bathtub
Key Takeaways Cardano prioritizes long-term value and reliability over rapid user acquisition in DeFi. Hoskinson believes future blockchain adoption will be driven by governments and large corporations. The decentralized finance (DeFi) ecosystem is an ever-evolving landscape, with the introduction of application-specific blockchains (appchains), layer-2 (L2) blockchains, novel virtual machines, and so on. In this scenario, […]
StakeKit launches TRON Stake 2.0 on Ledger Live
New York City, New York – July 30, 2024 – StakeKit, having just emerged from stealth after 18 months of development, has partnered with Ledger Live to power its TRON staking integration. This integration provides users with the simplest of access points to manage their TRON staking allocations natively within Ledger Live. Ledger Live users […]
Crypto tax reporting guide 2024: IRS rules
Key Takeaways All crypto transactions must be reported on 2024 tax returns as per IRS. Use Form 8949 and Schedule 1 or C for reporting crypto gains and income. Here’s what you need to know about reporting crypto on your 2024 taxes: The IRS treats crypto as property, not currency You must report all crypto […]
HackaTRON season 7 launches with Google Cloud as diamond sponsor, celebrates successful kickoff at Bitcoin Nashville
Geneva, Switzerland, July 29, 2024 – TRON DAO, along with co-hosts HTX DAO, BTTC, and JustLend DAO, proudly announces the launch of HackaTRON Season 7, with submissions open until October 23. Following a successful launch party at Bitcoin 2024, this season promises a series of engaging events and innovative competition tracks. Participants will have access […]
Movement Labs joins Polygon’s AggLayer to unify liquidity
Key Takeaways Movement Labs joins Polygon’s AggLayer, enabling unified liquidity across Move-based L2 chains and Ethereum. Movement Labs’ public testnet attracts $160 million in committed TVL before mainnet launch. Move-based Movement Labs has joined Polygon Labs’ AggLayer, enabling unified liquidity across MoveVM-based Layer-2 blockchains, AggLayer-connected chains, and Ethereum. This integration marks Movement as the first […]
