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Today’s Crypto News
Gain insight into the latest news in the cryptocurrency industry and make decisions faster and more accurately
Articles Videos-
2024
Apr / 24
- SKALE Network Surges to 17 Million Active Wallets, Saving Users Billions in Gas Fees
- Apr 24, 2024 at 02:57 am
- EVM-compatible and gasless blockchain SKALE Network reported a notable first quarter, achieving 17 million unique active wallets and saving users $3.1 billion in gas fees by sidestepping BNB Chain and AVAX's combined $330 million fees in March alone. SKALE's gasless approach and instant finality have attracted over 70 projects and integrations in Q1, including ChainGPT, TCG, and NFT Arcade, enabling developers to focus on accessibility and user experience.
- BioMatrix Revolutionizes UBI with Blockchain Technology, Redefining Financial Inclusion
- Apr 24, 2024 at 02:55 am
- BioMatrix, an innovative blockchain platform, introduces the Proof of You (PoY) token as a pioneering component of its Universal Basic Income (UBI) distribution strategy. The platform employs advanced AI, blockchain, and cryptography to empower users, ensuring their privacy and security. By leveraging the custom PoY Chain and Delegated Proof of Credit (DPOC) consensus mechanism, BioMatrix aims to create a sustainable and inclusive financial ecosystem that democratizes access to finance on a global scale. The user-centric approach, tokenomics strategy, and unlocking process reflect BioMatrix's commitment to fostering a collaborative and transparent network.
- Landmark Tokenization: BlackRock Fund Debuts on Hedera Blockchain
- Apr 24, 2024 at 02:54 am
- Archax, Ownera, and the HBAR Foundation have facilitated the first tokenization of BlackRock’s money market fund (MMF) on the Hedera blockchain, marking a significant milestone in the real-world assets (RWAs) industry. This follows abrdn plc's successful tokenization of its MMFs on Hedera last year, further solidifying the platform's position as a leader in RWA tokenization.
- Zentry Launches Gaming Superlayer, Fusing Web2 and Web3 to Revolutionize Play
- Apr 24, 2024 at 02:52 am
- GuildFi rebrands as Zentry, unveiling a "gaming superlayer" that merges Web2 and Web3 gaming with real-life activities. This ecosystem aims to create a unified play economy that connects gamers' identities, rewards them for their in-game and social interactions, and offers a unique economic model where players benefit from the platform's success. Zentry's vision is to build a global gaming community where actions in any realm enhance one's digital and real-life persona.
- Worldcoin Struggles with Orb Shortage as Userbase Explodes
- Apr 24, 2024 at 02:51 am
- Worldcoin, a startup aiming to integrate everyone into its financial network, faces a shortage of its iris-scanning orbs due to rapid adoption. With 10 million users and high transaction volumes, the company has ramped up orb production but faces logistical challenges in managing crowds. Open-sourcing its orb design and software has gained goodwill, and its new blockchain enables free transactions for verified identities. Despite regulatory uncertainties, Worldcoin continues to grow and could potentially generate revenue through various channels.
- BlackCard: Revolutionizing Crypto Payments with Unmatched Features and $BcCoin's Meteoric Rise
- Apr 24, 2024 at 02:48 am
- BlackCard is revolutionizing global cryptocurrency payment operations by introducing innovative features like the $BcCoin token, which will soon be listed on prominent crypto exchanges. Leveraging AI technology, the BlackCard Crypto Credit Card allows users to seamlessly integrate their digital assets into everyday transactions, transcending the limitations of traditional banking. The $BcCoin token has experienced a remarkable 900% surge in value, highlighting its potential as an investment opportunity with a target price of 100 USD.
- Bitcoin's Transaction Fees: A Gathering Storm
- Apr 24, 2024 at 02:48 am
- Bitcoin's recent halving event has sparked a heated debate, with outspoken critic Peter Schiff raising concerns over soaring transaction fees and lengthy delays, deeming it a "failure" as a digital currency. However, proponents counter with arguments highlighting the security and potential of underlying blockchain technology, presenting alternative viewpoints and suggesting that these limitations may foster innovation rather than indicate a complete collapse.
- Avalanche and Jets Ignite NHL Playoffs with Thrilling Game 1
- Apr 24, 2024 at 02:44 am
- The NHL Stanley Cup playoffs' opening weekend delivered excitement, with the Colorado Avalanche vs. Winnipeg Jets matchup standing out with a thrilling 7-6 finish. For Game 2, new DraftKings Sportsbook customers can claim over $200 in bonuses with no code required. Upon signing up and depositing at least $5, users receive eight $25 bonus bets and a daily Same Game Parlay insurance token. Targeting any sporting event with a qualifying $5 wager unlocks these rewards, ensuring stress-free betting regardless of the outcome.
- HK Asset Managers Eye Bitcoin Spot ETFs With Regulatory Relaxations
- Apr 24, 2024 at 02:43 am
- Hong Kong subsidiaries of Chinese asset managers, including Harvest Fund and Southern Fund, are pursuing Bitcoin spot exchange-traded funds (ETFs) in the region. Driven by the Securities and Futures Commission's acceptance of ETF applications, these companies seek to capitalize on investor demand for direct Bitcoin exposure. Amid regulatory restrictions on crypto activities in mainland China, Hong Kong provides a viable platform for such ETF offerings.
- Centuries-Old Vishnu and Lakshmi Bronze Statues Unearthed in Indian Village
- Apr 24, 2024 at 02:43 am
- Three ancient bronze statues of Hindu deities, Vishnu and Goddess Lakshmi, dating back over 400 years, were discovered during an excavation in Baghanki village, Manesar. The statues, believed to have been brought to the village centuries ago, were found by a villager while laying the foundation for a new house. The statues, along with a gold pot and a coin hoard also found at the site, have been handed over to the Haryana government for further investigation and preservation.
- Brazilian Tech Team Recovers $200K Stolen in Cyberattack
- Apr 24, 2024 at 02:41 am
- A group of Brazilian developers, including Afonso Dalvi of Web3 startup Lumx, collaborated with public prosecutor Alexandre Senra to recover $200,000 from an exploiter who had compromised a victim's wallet. Through persistent efforts over five months, they developed flashbots and employed "sandwich attacks" to capture the stolen funds locked in DeFi applications and return them to the victim.
- Solana Surges, Poised to Challenge Ethereum's Blockchain Dominance
- Apr 24, 2024 at 02:40 am
- In recent years, Solana has established itself as a formidable blockchain network, surpassing Ethereum in DEX trading volume and meme coin surge. Despite Ethereum's dominance, Solana's exceptional performance, including 100% uptime and doubled TVL, has positioned it as a potential rival. Its speed, scalability, and developer-friendly ecosystem have attracted innovative crypto projects, including meme coins. As Solana continues to close the gap in market share across NFT and DeFi sectors, the possibility of overtaking Ethereum in the long term remains a topic of discussion.
- Navigating Crypto's Post-Halving Landscape: Bullish Momentum, Bearish Concerns, and 7 Coins to Watch
- Apr 24, 2024 at 02:38 am
- With Bitcoin's halving event concluded, the cryptocurrency landscape presents both opportunities and challenges. While increased demand and institutional adoption drive crypto prices upward, concerns arise regarding mining industry challenges, potential network vulnerabilities, and the significance of bearish indicators. Among the key cryptos to monitor, Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), Solana (SOL), XRP (XRP), and Dogecoin (DOGE) each exhibit unique strengths and weaknesses, highlighting the complexities and uncertainties within the blockchain ecosystem.
- Meme Coins Surge: Dogecoin20, Dogeverse Captivate Crypto Market
- Apr 24, 2024 at 02:33 am
- The meme coin market is experiencing renewed interest, with established players like Pepe, Floki, and Shiba Inu holding their ground, while emerging contenders such as Dogecoin20 and Dogeverse gain traction. These five meme coins have shown promising upside potential and are expected to drive substantial price gains in 2024.
- Terraform Labs Faces Billions in Damages for Terra Blockchain Fraud
- Apr 24, 2024 at 02:33 am
- The SEC seeks to impose substantial penalties on Terraform Labs (TFL) and Do Kwon, amounting to $5.3 billion in cumulative damages for fraud. The agency requests disgorgement of ~$4.2 billion, pre-judgment interest of ~$546 million, and civil penalties totaling ~$520 million. If granted, this case could become the most significant crypto enforcement action, surpassing previous settlements involving Binance and the Department of Justice.
- Football Tournament Sparks Outrage with Disturbing Terrorist Imagery
- Apr 24, 2024 at 02:31 am
- Ten masked football players representing Gaza terrorist groups, entered a tournament in Fontenay-sous-Bois, France, sparking controversy over the normalization of terrorism and the involvement of pro-Palestinian groups. The tournament, organized by Urgence-Palestine and France-Palestine-Solidarité, has raised concerns about the spread of similar events in the Paris region, despite the lack of official response from organizers and local authorities.
- Heavenly Banana Pudding Steals Hearts at Georgia Chick-fil-A
- Apr 24, 2024 at 02:30 am
- Chick-fil-A is testing a new banana pudding dessert, which consists of banana pudding, vanilla wafers, and fresh banana slices, at select locations in Georgia. The dessert has received rave reviews from fans, with many comparing it to their grandmother's homemade versions. A banana pudding milkshake is also in the works and will be available soon.
- Prime Intellect Secures $5.5M to Revolutionize Decentralized AI
- Apr 24, 2024 at 02:30 am
- Prime Intellect, a decentralized AI infrastructure platform, has secured $5.5 million in funding. Led by Distributed Global, CoinFund, and Compound VC, the investment aims to enhance the platform's capabilities for collective ownership, governance, and distributed training of AI models. Prime Intellect's platform aggregates global compute resources, empowering researchers to collaborate on advanced AI model development and share in their ownership and benefits.
- Yuga Labs Stir Controversy: Crypto Community Divided by World Economic Forum Partnership
- Apr 24, 2024 at 02:30 am
- Yuga Labs, creators of the popular Bored Ape Yacht Club (BAYC) NFT collection, have sparked controversy by partnering with the World Economic Forum (WEF). This move has drawn criticism from members of the crypto community, who view WEF as an organization that advocates for increased government control, a stance that goes against the decentralized ethos of the crypto industry. Despite the backlash, Yuga Labs CEO Greg Solano has trolled critics, while others in the community have defended the partnership as a strategic move to bring blockchain technology to a wider audience.
- Option2Trade (O2T): Scalable DeFi Giant Surges Past Polygon (MATIC) in Market Dominance
- Apr 24, 2024 at 02:29 am
- As Polygon (MATIC) grapples with market challenges, Option2Trade (O2T) has emerged as a frontrunner in DeFi with its innovative scalability solutions. The O2T presale has attracted global attention, positioning it as a potential leader in the 2024 DeFi market, surpassing Polygon's (MATIC) current struggles and indicating a significant shift in the DeFi landscape.