The AVAX native token for the layer-1 blockchain Avalanche has experienced a significant decline over the past weekend, with prices dropping more than 10% at one point to reach its lowest level since December 2023. Within a 24-hour period, the token plummeted from $27.87 to an intraday low of $24.92, marking a six-month low, as
Blockchain
The recent performance of Bitcoin has left investors feeling uncertain about the future of the leading cryptocurrency. Over the past week, Bitcoin, along with many other large-cap assets, experienced significant losses. Despite a brief recovery, the price of Bitcoin fell below $65,000 for the first time in over a month, signaling potential further downside. According
The trading volume of Tether (USDT) on the TRON network has set a new record, reaching a staggering $53 billion. This surpasses the average daily trading volume of payment giant Visa in the first quarter of 2024, which was reported at $42 billion. The comparison to Visa, a global leader in payment processing, underscores the
In a bold move, British multinational bank Standard Chartered is preparing to launch a trading desk for Bitcoin and Ether, marking its debut in spot cryptocurrency trading among global banks. This strategic step comes after engaging with various players in the digital asset sector and forming partnerships to meet the growing demand for crypto exposure.
Recently, a federal judge in California expressed his inclination to allow the Securities and Exchange Commission’s (SEC) lawsuit against Kraken to move forward. The judge, William Orrick, indicated that he was leaning towards denying Kraken’s request for dismissal. This decision has cast doubt on the exchange’s efforts to have the case thrown out. According to
Telegram, often known as a messaging app, has evolved into a multifaceted gaming platform that offers users a plethora of mini-games. These games range from puzzles and arcades to strategy games and quizzes, ensuring that there is something for everyone. The platform has successfully blended communication and entertainment, creating a unique gaming experience for its
The blockchain gaming industry is on the brink of a significant transformation as Ronin, the Ethereum sidechain network behind Axie Infinity, gears up to adopt zero-knowledge Ethereum Virtual Machines (zkEVM) in collaboration with the Polygon Chain Development Kit (CDK). This strategic evolution is poised to revolutionize the gaming landscape, offering developers enhanced scalability and efficiency,
APhone has recently introduced AppNest, a decentralized app store that aims to revolutionize the traditional mobile app market dominated by tech giants like Apple and Google. This innovative platform supports both blockchain-based decentralized applications and conventional Web2 apps, offering users a truly Web3-native experience. By eliminating the hefty fees of up to 30% imposed by
The recent revelation by blockchain security firm CertiK regarding a critical vulnerability in crypto exchange Kraken’s deposit system has sent shockwaves through the cryptocurrency community. The firm uncovered an issue in Kraken’s deposit system that failed to differentiate between various internal transfer statuses, leading to a deeper probe into the potential for malicious actors to
The Bitcoin network has entered the NFT industry with a bang, making significant strides in terms of sales volume. According to data from NFT tracker CryptoSlam, Bitcoin-based NFTs have amassed an impressive $4.29 billion in total sales as of June 18. This places Bitcoin in third position, behind only Ethereum and Solana, which have sales