Day: August 28, 2024

On-Chain Development Fuels 44% Surge in Just a Week

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Bitcoin Layer-2 Network Stacks (STX) Begins Nakamoto Upgrade

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Polygon on-chain activity spikes despite MATIC price dip

Polygon has recorded a notable increase in on-chain activity despite the bearish flip in crypto that has sent MATIC plummeting. While the Polygon (MATIC) price could continue to struggle amid the weakness that currently engulfs Bitcoin (BTC) and the broader crypto market, analysts say the surge in on-chain activity suggests a potential reversal for MATIC. Data shows Polygon’s network has witnessed a spike in both daily active addresses and dormant coins movement. Polygon on-chain activity spikes Santiment notes that Polygon has witnessed a significant spike in dormant MATIC coins on…

Telegram-Linked TON Blockchain Suffers Second Outage

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Crypto Exchange Abra Settles With SEC Over Unregistered Securities Allegations

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The crypto exchange Abra has settled with the U.S. Securities and Exchange Commission (SEC) for a yet-to-be-determined amount over charges stemming from alleged unregistered investment offerings. The SEC specifically accused Abra’s parent company, Plutus Lending LLC, of failing to register its retail crypto asset lending product, Abra Earn. Abra settled the SEC’s charges without admitting or denying the allegations. The exchange began offering Abra Earn in 2020, allowing users to tender their crypto to earn an interest rate. The product secured approximately $600 million worth of assets at its height,…

Expert Shares Timeline For Expected Surge, Here’s When

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My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for…

Bitcoin L2 network Mezo launches yield token stBTC

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Mezo, a Bitcoin layer-2 network aiming to expand the decentralized finance (DeFi) market on the flagship blockchain, has launched its liquid-staked Bitcoin token, stBTC. The introduction of stBTC brings Bitcoin (BTC) yield to Mezo, the Pantera-backed project announced on Aug. 28. StBTC is a token backed 1:1 with tBTC, the Bitcoin bridge token powered by The Threshold Network. According to Mezo, users can now mint stBTC against their Wrapped Bitcoin (WBTC) and tBTC, a Bitcoin-backed token that allows holders to participate in Ethereum (ETH) DeFi applications. Expanding BitcoinFi Mezo claims…

Proof of Play Adds ‘Boss’ as 2nd Arbitrum Orbit Chain, Lombard Launches LBTC

Lombard has publicly launched LBTC, a “cross-chain, yield-bearing Bitcoin token designed for DeFi use.” According to the team: “The launch follows a successful private beta that attracted more than $165 million in deposits from over 600 institutional allocators. LBTC allows users to stake Bitcoin through Babylon and utilize it across various DeFi protocols. Initial integrations include major DeFi protocols such as Symbiotic, Morpho, Pendle, Corn, Gauntlet, Derive, EtherFi and Gearbox.” Source

Market Correction or Long-Term Trend? Investors Choose Mpeppe To Secure Big Profits

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Dogecoin (DOGE), once celebrated for its meteoric rise and community-driven success, is currently experiencing a significant price dip. This downturn has led to intense speculation about whether it signifies a mere market correction or hints at a deeper, long-term trend. Market corrections are common in the volatile crypto landscape, often driven by shifting investor sentiment or external economic factors. Understanding these dynamics is crucial for investors assessing the future of Dogecoin (DOGE). Mpeppe (MPEPE): Why It’s Gaining Traction In the midst of Dogecoin (DOGE)’s fluctuations, Mpeppe (MPEPE) has emerged as…