Tag: Blockchain

Number of blockchain developers slid by 24% in 2023, data shows

According to Electric Capital, the overall number of crypto developers in 2023 decreased by 24%, while the number of newcomers dropped by over 50%. In a 180-page research report, crypto venture firm Electric Capital revealed that the overall number of monthly active crypto developers decreased by 24% from 29,611 in December 2022 to 22,411 in December 2023. Despite the overall decrease, the study indicates a steady growth in the number of blockchain developers who have been actively contributing to the space for more than one year. This subgroup has seen…

Volatility Increases Following SEC’s Spot Bitcoin ETF Approval – Blockchain News, Opinion, TV and Jobs

Bitcoin (BTC) concluded the previous week at approximately $41,750, marking a 5.0% decrease from the first week of the new year with a closing value of around $43,750. The price exhibited significant volatility, primarily influenced by the approval of BTC Spot ETFs, which heightened market dynamics. The week commenced with a robust uptrend on Monday in anticipation of the approval, witnessing a 9.0% price increase and nearly reaching $47,000. Tuesday saw BTC nearing $48,000 before encountering pronounced volatility due to false news regarding the approval, causing a dip below $45,000…

Google Cloud Joins Flare Blockchain as Validator 

Google Cloud also said Flare has become part of the Google for Startups Program, which aims to accelerate the growth of Web3 startups. Google Cloud, the cloud computing and data storage unit of the technology giant Google, has entered into a strategic partnership with the Flare blockchain to join the network as a validator. The cloud unit has become the latest corporate institution to join the growing list of validators on Flare, verifying blocks, confirming transactions, and proposing new updates to the protocol. These efforts contribute to bolstering security and…

Are Blockchain Games Dying? Over 30% Of Players Quit

The allure of play-to-earn and in-game ownership fueled a recent boom in blockchain games, but a new report casts a chilling light on the sector’s sustainability. Out of 1,318 blockchain-based games launched since 2021, a staggering 407, over 30%, have already been discontinued or abandoned. This stark statistic, compiled by BlockchainGamer.biz, paints a picture of an industry grappling with fundamental challenges. Smaller, underfunded projects appear particularly vulnerable, often vanishing silently without any official announcement. Are Blockchain Games Going Extinct? The Main Culprit Funding constraints and evolving market conditions are cited…

Blockchain Brawlers reports 309% gains as a top trending token

Ethereum ecosystem cryptocurrencies continue to lead, with Blockchain Brawlers outperforming their 12.7% increase, according to CoinGecko data. Blockchain Brawlers (BRWL), a web3 fighting game, tops the Jan. 10 trending report, exceeding its record all-time low of $0.001593 seven months earlier by 939%. The current market capitalization of BRWL stands at $21 million, securing position 1,003 on CoinGecko at the time of writing. Blockchain Brawlers price chart | Source: CoinGecko Delving further into its price performance, Blockchain Brawlers has exhibited a substantial increase of 427% over the past week. This growth…

JTC Network, a New Layer One Blockchain Focused on Legal Enforcement, To List on BitMart Exchange

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January 9, 2024 – Chicago, Illinois JTC, the native token of a legal recourse Bitcoin branch, is soon to be listed on BitMart. The highly anticipated JTC listing on BitMart has been confirmed. The coin will be listed at 10 a.m. UTC on January 9, 2024. The listing announcement earlier in December brings the crypto industry one step closer to accessing the same legal remedies available in mainstream finance. The listing is a significant milestone as it means the JTC blockchain’s native crypto will be available on an exchange that…

Arbitrum’s New ArbOS 11: A Game Changer for Blockchain and Crypto

The Arbitrum community has recently implemented a significant upgrade with the adoption of the “ArbOS 11 version” proposal. This advancement heralds a series of key changes and improvements to the Arbitrum ecosystem, a prominent layer-2 scaling solution for Ethereum. EVM Shanghai Support and PUSH0 Opcode: ArbOS 11 includes support for the EVM Shanghai upgrade and the PUSH0 opcode. The integration of these elements with Arbitrum chains is crucial as it aligns with the latest versions of go-ethereum, ensuring that even in the event of a delayed upgrade, the Shanghai support…

Argo Blockchain shares plunge 8% following COO departure

Mining company Argo Blockchain has announced that its former interim CEO and COO Seif El-Bakly stepped down from his position to ‘pursue other opportunities.’ In an Operation Update report on Jan. 8, Argo Blockchain said that starting from Jan. 5, its former interim CEO and COO Seif El-Bakly is no longer with the firm. While the reason for his departure was not disclosed, the document notes that El-Bakly decided to explore “other opportunities.” El-Bakly served as Argo’s interim CEO from February to November 2023, following the departure of the company’s…

Mangofarm Scandal: Solana’s Blockchain Ensnared in Alleged Ponzi Scheme Ties

The Solana blockchain project, Mangofarm, gets embroiled in a controversy reminiscent of the notorious Banana Miner Ponzi scheme. This development throws a spotlight on the perennial challenges of trust and security in the digital currency domain. Mangofarm, a project within the Solana blockchain, is now under scrutiny due to its suspected links to the infamous Banana Miner Ponzi scheme. Investigations reveal that coded messages embedded in Mangofarm’s programming bear a sinister resemblance to those associated with the Banana Miner fiasco. Initially misinterpreted as distress signals, these messages are now seen…