Security
· 1 min read
The recent $292 million crypto bridge hack has sent shockwaves through the industry, with some projects reevaluating their partnerships. LayerZero, a popular interoperability protocol, has been dropped by Kraken in favor of Chainlink. This move comes as a resp...
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Bitcoin
· 1 min read
Grayscale's Bitcoin Mini Trust has attracted new investment as Bitcoin (BTC) approaches its recent highs. The trust, which offers a lower-fee alternative to Grayscale's flagship Bitcoin Trust (GBTC), has drawn fresh capital. This development indicates continue...
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2 verified sources
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Regulation
· 1 min read
The US Senate committee has advanced a crypto bill, marking a significant milestone for digital assets. This development indicates growing support for clear regulations in the industry. The bill's progress suggests that lawmakers are moving closer to establish...
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3 verified sources
Bitcoin
· 1 min read
The move-to-earn (M2E) sector in crypto gaming has seen significant changes in earnings between 2022 and 2023. According to CoinGecko, the earnings of M2E projects have declined substantially in 2023 compared to the previous year.
The decline in earnings can...
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Bitcoin
· 1 min read
Polygon's zkEVM, a zero-knowledge Ethereum Virtual Machine, marks a significant milestone in Layer 2 scaling solutions. This technology enables faster and cheaper transactions while maintaining Ethereum's security and decentralization. The zkEVM allows for sea...
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Web3 & NFTs
· 1 min read
The Sandbox, a decentralized virtual world, continues to make strides in the NFT and Web3 spaces. While not directly mentioned in the headlines, its relevance is underscored by similar projects and related news.
OpenAI's efforts to build a safe and effective...
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Altcoins
· 1 min read
Fantom (FTM) has been making headlines recently, with some news outlets reporting on the absence of resident warrants at FTM. According to a report by The Jamestown Press, there are no resident warrants at FTM, which may alleviate some concerns among investors...
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Ethereum
· 1 min read
The Base blockchain, built on Ethereum, has been gaining attention with recent developments. The Base Ecosystem Fund, as reported by CryptoRank, aims to support projects building on the platform. This move is expected to drive growth and adoption.
In a signif...
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3 verified sources
Bitcoin
· 1 min read
The Ordinals ecosystem on Bitcoin is facing challenges. Ord.io, a popular explorer for Ordinals, is shutting down on June 1 due to financial difficulties. The platform's closure is accompanied by the discontinuation of Zap, a trading app.
Ordinals, a protocol...
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3 verified sources
Security
· 1 min read
A recent DeFi hack resulted in a loss of $101,000, highlighting ongoing security concerns in the decentralized finance space. This incident is a stark reminder of the risks associated with DeFi protocols, which often prioritize accessibility and decentralizati...
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1 verified sources