Feb 21 2024
Stacks, a Bitcoin Layer 2 solution, had major growth over the last year with a 3,386% quarterly and 3,028% annual increase in its revenue, reaching $637,000. The market capitalization of Stack’s native cryptocurrency, STX, experienced a significant surge of 203%quarter and an impressive 598% year-over-year, reaching a milestone of $2 billion. The report highlights Stacks’ …
Feb 17 2024
Visa has completed a pilot test in collaboration with HSBC and Hang Seng Bank. The program, a part of the “Digital Hong Kong Dollar’ pilot, opens new horizons for secure and efficient financial transactions. The results showed great promise, with accelerated payment speeds, enhanced settlement risk management, improved control, and heightened transaction transparency. Overall, the …
Feb 16 2024
Eight Bitcoin ETFs’ daily inflows hit 12,073 BTC worth $590 million on February 13, with BlackRock’s iShares leading in those numbers. Meanwhile, Grayscale outflows slowed to only 1,147 BTC, worth $56 million after weeks of high outflows. The eight BitcoinETFs currently hold 227,986 BTC since their approval on January 10. However, when includinggrayscale, the total …
Feb 16 2024
Corruption will continue to thrive until justice systems can punish wrongdoing and keep governments in check, according to Transparency International. The organization noted that the majority of countries have shown minimal to no improvement in tackling public sector corruption. It warned that the rise in impunity for corruption is fueled by both authoritarian regimes and …
Feb 13 2024
A significant challenge for AI lies in its potential to compromise privacy. A new report suggests that blockchain can catalyze boosting trust and privacy in AI. Despite the decline in venture capital (VC) funding this year, the fusion of Web3 and emerged as a top choice for investors in blockchain startups, capturing more than 11% …
Feb 13 2024
OpenSea has announced its integration with the Polygon network. This integration empowers OpenSea Pro users to seamlessly navigate both Ethereum and Polygon blockchains. This is a significant step towards simplifying the multi-chain experience for NFT enthusiasts. OpenSea’s collaboration with Socket, a cross-chain interoperability protocol, is pivotal in enhancing the NFT experience. The leading NFT aggregator …
Feb 11 2024
Axel Fischer and Eduard Lintner were members of the Parliamentary Assembly of the Council of Europe. Baku used a secret US$2.9 billion slush fund to, among other things, offer free trips and expensive gifts to European MPs who would vote in Baku’s favor. The investigation conducted and published by OCCRP and the Süddeutsche Zeitung exposed …
Feb 08 2024
Google has partnered with Polygon Labs to develop Web3. Web3 places decentralization at its core. It leverages blockchain technology to empower users with greater control over their data and digital assets. This article delves into the advancements heralded by Google’s swift adoption of the Web3 platform. It also explores the potential of decentralized technologies to …
Feb 07 2024
Do Kwon, the co-founder of Terraform Labs, is at the center of a legal storm as new revelations regarding the terraUSD (UST) stablecoin collapse in 2022 come to light. Kwon was sued by the U.S. Securities and Exchange Commission (SEC) for allegedly providing false information to investors. An Oct. 18 in a New York court …
Feb 03 2024
Invesco and Galaxy Asset Management have joined the ongoing battle over fees in the spot Bitcoin ETF space. The two companies announced that the Invesco Galaxy Bitcoin ETF (BTCO) will now have an expense ratio of 0.25%, reduced from its previous 0.39%. The fund will waive its fees for the initial six months or until …