The test simulated “proto-danksharding,” a technical feature aimed at reducing the cost of transactions for rollups as well as making data availability cheaper. Source
London-based liquidity provider B2C2 has secured regulatory approval from Luxembourg’s Financial Sector Supervisory Commission (CSSF) to operate as a virtual asset service provider (VASP). Granted on Jan. 26 a new authorization enables B2C2 to expand its cryptocurrency liquidity services including over-the-counter (OTC) spot crypto services to institutional clients within the European Union. With this approval, announced on Feb. 7, 2024, B2C2 becomes the twelfth entity officially registered on the CSSF’s public list. The move comes at a critical time as the European Union gears up for the implementation of the…
Cardano (ADA), the eighth-largest cryptocurrency, finds itself in a perplexing situation as it grapples with a battle between bullish and bearish forces, leaving investors deciphering mixed signals in a turbulent market. The optimism that briefly emerged on January 29th, as ADA’s market structure turned bullish, proved short-lived, unable to overcome the critical $0.50 support level, and remaining stuck in the $0.48 territory. Social media sentiment, often a precursor to price movements, has not provided solace either. Santiment’s “weighted social sentiment” metric has steadily declined over the past ten days, reflecting…
As of Wednesday morning, validator “Big Brain Staking” holds over 35% of staked DYM tokens – attracting criticism from DYM holders for its large network influence. Source
Publicly traded Bitcoin (BTC) mining firm CleanSpark has expanded its operations through the acquisition of four new mining facilities, significantly increasing its hashing power ahead of the anticipated Bitcoin halving event in April 2024. On Feb. 6, CleanSpark announced the purchase of three Bitcoin mining facilities in Mississippi for a total of $19.8 million, instantly adding 2.4 exahashes per second (EH/s) to its current hash rate upon completion of the deal. Additionally, a facility in Dalton, Georgia, was acquired for $6.9 million and is expected to contribute an additional 0.8…
The new consumer protection rules will take effect in July 2024. Source
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The stock market and cryptocurrencies are both doing well, with cryptos expected to do even better by the end of the year. Some experts say digital assets will have a big year, with four coins possibly outperforming the rest. Galaxy Fox is leading the way Galaxy Fox (GFOX) is popular among investors as it blends meme coin culture and a game where you can earn money. GFOX is also…
In a surprising turn of events within the cryptocurrency realm, Dogecoin (DOGE), the popular meme coin, experienced a frenzy in the broader crypto market. The cause of this excitement was a recent significant whale transaction that caught the attention of traders and investors globally. DOGE Whales: Surging Transfers, Market Speculations According to blockchain metrics highlighted by the tracker Whale Alert, a staggering 100 million DOGE, equivalent to $7.83 million, was observed on the move. This notable transfer from an unknown wallet, identified as …wwKF, to the renowned American financial services…
A spot Bitcoin ETF from financial giant BlackRock has become one of the top five exchange-traded products (ETPs) in the United States in terms of capital inflows. According to data from YCharts, the cryptocurrency fund under the ticker IBIT was in the top 0.16% of 3,109 US ETPs. Experts note that the BlackRock ETF was forced to miss the first seven trading days 2024. The company was awaiting approval from the U.S. Securities and Exchange Commission (SEC). Source: YCharts Bloomberg senior analyst Eric Balchunas noted that the inflow of funds…
Last month, Chainlink connected its Cross-Chain Interoperability Protocol (CCIP) with stablecoin company Circle’s Cross-Chain Transfer Protocol (CCTP) to make it easy for users to transfer the USDC stablecoin across chains. The deal allows developers to build cross-chain applications involving Circle’s USDC, including payments and other DeFi interactions, further boosting LINK’s fundamentals. Source