In the first quarter of 2024, Ethereum and its Layer 2 scaling solution, Polygon, emerged as the top contenders in attracting new users to their blockchain platforms. According to the latest report by Flipside, Ethereum and Polygon collectively acquired a substantial number of new users, with Ethereum gaining 13.4 million and Polygon boasting 12.3 million.
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The recent court hearing in Nigeria involving cryptocurrency exchange Binance revealed a significant lack of legal representation for the company. While the compliance chief, Tigran Gambaryan, was present at the hearing, no official legal team from Binance was in attendance. This raised concerns about the company’s preparedness to address the criminal charges it is facing
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The banking giant VanEck has made a bold prediction regarding the valuation of Ethereum Layer-2 (L2) solutions, estimating it to reach a staggering $1 trillion by the year 2030. This forecast underscores the significant role that efficiency improvements and scalability advancements will play in the evolution of blockchain technology. The prediction was spearheaded by Patrick
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The cryptocurrency market has recently experienced a period of correction, with Bitcoin (BTC) being one of the most impacted digital assets. BTC’s price has fallen by approximately 6% over the past week, currently trading at around $65,400 according to CoinGecko’s data. One potential reason for the increased volatility and decline in BTC’s value is profit-taking
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Coachella, known for its iconic lineup and vibrant atmosphere, has introduced Coachella Quests as a way to revolutionize the festival experience. Coachella Quests is a loyalty game that utilizes blockchain technology to enhance fan engagement and loyalty through gamification and Web3 technology. Participants in Coachella Quests can earn NFT Stamps and Points by completing various
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