Solana, a popular smart contract blockchain platform, has been experiencing a significant surge in its price on crypto exchanges. In the past seven days, the average SOL price on these exchanges has increased by over 49%. Moreover, the platform has seen an astonishing growth of over 180% in the past 30 days. However, it is
Crypto
The surge in Ethereum’s price has caught the attention of many investors, and recent data suggests that an anonymous Ethereum whale has taken advantage of this rally. With the intention of depositing over $60 million worth of ETH to Binance, the whale could potentially face a staggering loss of $180 million if they decide to
In a significant move for the Japanese startup ecosystem, SBI Holdings, a prominent financial company, is set to launch a $663 million fund aimed at supporting Web3, AI, and other fintech startups. This fund, expected to be operational by the end of the year, marks a crucial development in a nation where venture capital funds
Switzerland-based SEBA Bank has achieved another milestone in its global expansion plans by securing a regulatory license from Hong Kong regulators for its wholly-owned subsidiary, SEBA Hong Kong. The license allows SEBA Hong Kong to offer regulated cryptocurrency services to institutional investors in the city-state. This significant development comes after three months of receiving in-principle
Ava Labs, a prominent crypto startup known for its development of the Avalanche blockchain, has recently made the decision to lay off 12% of its workforce. Founder and CEO, Emir Gün Sirer, confirmed this move, stating that it will allow the company to reallocate resources towards company growth and the expansion of the Avalanche ecosystem.
Bitrace, a leading research firm, has recently uncovered a deeply concerning trend within the Telegram coin exchange robot ecosystem. This trend revolves around the TRC20 USDT cryptocurrency and involves a significant number of addresses linked to gambling, money laundering, stolen coins, and fraudulent activities. Such activities not only pose a threat to innocent users but
Space and Time, a leading player in the data warehousing industry, has recently announced its collaboration with Google Cloud’s warehouse, BigQuery, to enable its novel zero-knowledge (ZK) proof for SQL operations. This groundbreaking development, known as ‘Proof of SQL,’ aims to provide developers with the ability to cryptographically verify the accuracy and integrity of query
Bitcoin, often referred to as “digital gold,” has emerged as a store of value currency and an inflation hedge, according to Jurrien Timmer, Head of Global Macro at Fidelity. In an insightful post, Timmer highlighted the striking similarities between Bitcoin and gold and suggested that both assets could be part of the same investment strategy.
Unibot, a decentralized trading platform, has taken immediate action to address the recent hacking incident that occurred on October 31. The company has confirmed that it will fully compensate users who were negatively impacted by the attack. Despite a decrease in the value of Unibot tokens following the hack, the company remains optimistic about a
Northern Data, Europe’s prominent Bitcoin miner and data cloud provider, recently announced its success in obtaining a significant debt financing facility of EUR 575 million (equivalent to over $609 million) from stablecoin issuer Tether. Through an established loan agreement, Northern Data aims to utilize this unsecured facility to expand its operations and investments across its
