The Binance CEO, Richard Teng, recently announced that Binance experienced record inflows and one of its highest trading volumes in the face of a jittery market. Amidst the macroeconomic climate and a market downturn on August 5th, Binance saw a net inflow of $1.2 billion in just 24 hours. This information was sourced from DefiLlama’s
Success
Cardano’s evolution is organized into distinct phases called “eras,” each named after notable figures in various fields. These eras serve as milestones for introducing new functionalities through hard forks. The roadmap includes Byron, Shelley, Goguen, Basho, and now Voltaire, with each era bringing unique characteristics to the platform. The upcoming Chang hard fork marks the
Unstoppable Domains and Amazon Web Services (AWS) recently celebrated the successful completion of their global virtual hackathon, which attracted an impressive 1,162 participants. The hackathon, hosted on Devpost.com, utilized AWS’s cloud computing capabilities and Unstoppable Domains’ blockchain-based digital identity solutions to explore opportunities within the realms of Web3 and artificial intelligence (AI). The event featured
Laguna Games and Crypto Unicorns DAO have recently made a joint decision to shut down the Unicorn Party, a series of games based on the intellectual property of Crypto Unicorns. This decision comes after a governance council meeting held on the 22nd of July 2024, where it was unanimously agreed to cease funding for the
The Abu Dhabi Blockchain Center has been unveiled as a symbol of the region’s dedication to driving innovation and growth within the entire Web3 ecosystem. This new center is poised to position Abu Dhabi as a global leader in blockchain technology and innovation, providing a platform for startups, enterprises, and academic institutions to thrive. The
Marathon Digital (MARA) recently reported second-quarter revenue of $145.1 million, which fell short of Wall Street’s forecast by approximately 9%. The company attributed this revenue miss to several operational challenges such as unexpected equipment failures, transmission line maintenance, an increased global hash rate, and the impact of the recent halving event on the mining sector.
Toronto-based Bitcoin mining company Bitfarms has recently announced a significant milestone in its operations. By the end of July, the company’s operational hash rate had soared to 11.1 EH/s, marking an impressive 109% increase year-over-year and a 7% rise month-over-month. This achievement reflects the company’s commitment to continually enhance its mining capabilities and stay ahead
Solana has seen significant growth in its decentralized exchange (DEX) volume, surpassing Ethereum in July. With $55.8 billion in transactions, Solana outpaced Ethereum’s $53.8 billion, marking its second-highest monthly volume to date. This surge can be attributed to platforms like Raydium, Orca, and Phoenix, which have contributed to the network’s success. Despite Solana’s impressive volume
Joey Garcia, the Director and Head of Regulatory Affairs and Public Relations at Xapo Bank, has been a key player in the evolution of cryptocurrency regulation. His journey started in 2014 when he collaborated with Wences Casares to establish a regulatory framework for cryptocurrencies in Gibraltar. Despite facing initial skepticism and resistance, Garcia’s persistence led
As the world stock markets experience turmoil, the cryptocurrency market has not been spared from the volatility. Ethereum, one of the leading cryptocurrencies, faced a 3% loss this week. The price of Ethereum plummeted below the $3,300 mark, with buyers struggling to reclaim this significant support level. Currently, the support has shifted to $2,800, and