Bitcoin, the leading cryptocurrency, has been on a bullish run lately, with its price surging past $63,000. Alongside this price surge, there has been a resurgence in dormant Bitcoin addresses coming back to life. Whale Alert, a blockchain tracking and analytics platform, recently identified the activation of a dormant Bitcoin wallet containing 1,000 BTC, worth
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In recent news, Scroll, a ZK rollup Layer 2 network, has seen a remarkable 23% increase in the past seven days, bringing its Total Value Locked (TVL) to $1.03 billion, as reported by L2Beat data. This places Scroll as the 8th Ethereum Layer 2 network to surpass the $1 billion TVL milestone in the ecosystem.
The Ministry of Finance in Russia has put forward a proposal to allow traditional exchanges to facilitate digital asset trading for a specific group of investors. This proposal aims to create specialized regulations for organized trading in digital currencies, considering them as commodities, based on either an exchange license or a trading system license. The
The Sandbox has recently unveiled a new update that allows users to conduct direct LAND transactions through its platform. This feature eliminates the need for third-party marketplaces like OpenSea, making it more convenient than ever to buy and sell digital real estate within the metaverse. As part of the launch of this new update, The
The recent partnership between Wirex and Visa has sparked excitement in the financial world, as two major players in digital payment processing come together to revolutionize the way we handle transactions. Wirex, known for its cutting-edge Web3 money app, and Visa, a frontrunner in global digital payments, have joined forces with the goal of advancing
Metaplanet, a Tokyo-based investment firm, recently made a significant purchase of 42.4 Bitcoin for ¥400 million ($2.4 million) to add to their holdings. This move is part of the company’s efforts to strengthen its long-term financial strategy by holding the cryptocurrency as a “strategic treasury reserve asset.” The decision to invest in Bitcoin by Metaplanet
In the fast-paced world of Web3, managing onchain activities can be a daunting task. The introduction of the Coinbase Wallet Web3 app aims to simplify and streamline the onchain experience for users. This article delves into how the app works and why it has the potential to become an indispensable tool in the Web3 space.
Recent reports have highlighted significant exceptions granted by the US Securities and Exchange Commission (SEC) to certain financial institutions affected by Staff Accounting Bulletin No. 121 (SAB 121). These exceptions have sparked discussions within the industry regarding the implications for crypto accounting compliance and the broader landscape of the crypto industry. The SEC’s decision to
In recent news, ShardLab, the blockchain branch of Hashed, has unveiled a groundbreaking web application designed to streamline decentralized identity (DiD) and NFT voucher dissemination. Leveraging cutting-edge technologies such as account abstraction (AA) and zero-knowledge proofs (ZK), this app sets out to revolutionize the security and usability of everyday transactions in the blockchain space. The
The Republican Party has made headlines by including Bitcoin and cryptocurrency in their official platform for the 2024 election, marking a significant shift in their stance towards digital assets and blockchain technology. This move reflects the influence of former President Trump and signals a broader trend within the party towards embracing the potential of cryptocurrencies.