Scroll Co-Founder Warns Against Ethereum Fees on Layer-2 Rollups, Calls It Toxic for Ethereum Scalability Ye Zhang, co-founder of the layer-2 platform Scroll, has sounded the alarm on proposals to impose fees on Ethereum rollups, labeling them as “one of the most toxic ideas for Ethereum’s future.” His critique underscores a pivotal debate about Ethereum’s […]
Read Full Article
GameStop’s Bold Leap: $1.5B in Bitcoin as Retail Strategy Shifts GameStop, once the epicenter of the meme stock frenzy, is now betting big on Bitcoin, raising $1.5 billion through a convertible debt offering to pivot from physical retail to the digital realm. GameStop raises $1.5B via convertible debt Proceeds to fund Bitcoin acquisition Over 1,000 […]
Read Full Article
China’s Bold Leap into Blockchain for Credit Data Security China is aggressively adopting blockchain technology to enhance credit data security, with plans to implement a national data infrastructure by 2029. However, recent data leaks raise concerns about privacy and surveillance. China explores blockchain for credit data security NDRC implements privacy computing National data infrastructure planned […]
Read Full Article
North Korean IT Workers Ramp Up Infiltration of Tech and Crypto Firms Across Europe North Korean IT workers are intensifying their efforts to infiltrate tech and cryptocurrency companies across Europe, driven by the need to bypass international sanctions and generate revenue for the regime. These workers use sophisticated methods, including fake identities and multiple personas, […]
Read Full Article
Ripple Locks 700M XRP in Escrow Amid Ongoing Token Supply Strategy Ripple continues its strategic dance with XRP supply, locking away another 700 million tokens in escrow. This move reflects Ripple’s ongoing commitment to managing the cryptocurrency’s circulation, aiming for market predictability. Despite the maneuver, XRP’s price experienced only a minimal dip of 0.2% over […]
Read Full Article
Vana’s VRC-20 Standard: Pioneering the Tokenization of Real-World Data Vana, an EVM-compatible Layer 1 blockchain (a blockchain that can run Ethereum-based applications), has launched VRC-20, a new standard designed to revolutionize how real-world data is tokenized, bringing trust, liquidity, and utility to data markets. Vana introduces VRC-20 for tokenizing real-world data. VRC-20 enhances trust, liquidity, […]
Read Full Article
No Sphere WIF Hat In Las Vegas: Dogwifhat Fundraiser Announces Start Of Refunds The ambitious “Sphere WIF Hat” campaign by the dogwifhat (WIF) community, which aimed to showcase their memecoin mascot on the Las Vegas Sphere, has ended in disappointment. The campaign, which raised over $700,000, faced accusations of fraud from the Sphere’s team, leading […]
Read Full Article
Bitcoin Critic Peter Schiff Seeks Donations to Grow BTC Reserve, Sparking Sarcastic Reactions Peter Schiff, the vocal critic of Bitcoin and advocate for gold, has stirred the crypto community with a surprising move: soliciting donations to bolster his Bitcoin reserve. Known for his skepticism towards digital currencies, Schiff’s decision to share a BTC wallet address […]
Read Full Article
DeFi Yield Shifts to Low Interest Rate Strategy Amid Market Slowdown In the decentralized finance (DeFi) sector, protocols are adjusting to a cooling market by lowering interest rates, driven by a record supply of stablecoins used for lending to generate yield. Despite the slowdown, the DeFi sector remains robust, with over $96 billion in total […]
Read Full Article
Sony Embraces Crypto: USDC Payments Now Accepted in Singapore Sony Electronics has partnered with Crypto.com to enable USDC payments at its online store in Singapore, marking its first direct foray into cryptocurrency transactions. This move signifies a broader push towards mainstream crypto adoption, with Sony also expanding its Web3 ambitions through the Soneium blockchain in […]
Read Full Article