Bitcoin (BTC) has been making headlines with its skyrocketing prices, but what goes unnoticed is the surging cost of moving it. On-chain data reveals that the price for Bitcoin block space has reached an all-time high, largely fueled by the overwhelming demand created by Ordinals transactions. Anita Posch, the founder of Bitcoin for Fairness, shed
In a monumental announcement made on Wednesday, Verastus Labs, a pioneering peer-to-peer web service protocol, revealed that it had successfully raised $2.3 million in a seed funding round. This impressive achievement brings the company’s valuation to an astounding $50 million. The funding seeks to propel the development of Verastus LASR, an innovative stateless rollup that
The UK Financial Conduct Authority (FCA) has recently added Poloniex, a crypto exchange linked to Justin Sun, to its warning list of companies offering financial services without proper authorization. This move by the financial regulator highlights the need for caution when dealing with Poloniex and raises concerns among UK residents. This article will delve into
The year 2024 holds great significance for the Polygon ecosystem as it sets the stage for the realization of Polygon 2.0, a cross-chain coordination protocol that aims to unite and scale the various Ethereum layer-2 scaling networks. In an exclusive interview with Cointelegraph, Jordi Baylina, co-founder of Polygon, shed light on the plans for Polygon
JPMorgan CEO Jamie Dimon recently made headlines for his scathing comments on Bitcoin (BTC) and cryptocurrency during a hearing before the United States Banking Committee. Dimon claimed that the “only true use case” for Bitcoin is to facilitate crime, specifically mentioning criminals, drug traffickers, money laundering, and tax avoidance. However, upon closer examination, it becomes
The world of cryptocurrency is often shrouded in mystery and secrecy, and Binance, one of the largest cryptocurrency exchanges in the world, is no exception. In a recent interview with the Financial Times, Binance’s newly appointed CEO, Richard Teng, once again refused to reveal the location of the company’s global headquarters. This refusal to disclose
Parallel, an emerging star in the world of NFT games, presents a captivating and immersive experience that blends technology and art. Set in an alternate version of Earth, the game has five factions vying for control, each with its own distinct playstyle, strengths, and weaknesses. The game introduces players to an expansive universe, allowing them
Helium (HNT), a decentralized network launched in 2019, has been making significant gains in the cryptocurrency market. Over the past 30 days, HNT has experienced a remarkable growth, surpassing 147%. These gains have continued with increases of 101% and 45% over the past fourteen and seven days, respectively. In the 24-hour timeframe alone, HNT reached
Bitcoin (BTC) has recently surged back to $44,000, reaching a value it hadn’t seen in the past 19 months – a significant milestone for the cryptocurrency. However, this resurgence is not the only indicator of Bitcoin’s growth. On-chain analysis reveals that the dynamics of the crypto market have transformed, painting a more optimistic picture this
In a frenzy of excitement, the new coin listing EAGLE soared over 2,000% after making its debut on Uniswap yesterday. Investors eagerly bought into the meme token, driving its price to a record high of $0.0012 earlier today. However, as quickly as it rose, EAGLE began its rapid descent, plummeting to $0.00005215 at the time
