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Fantom has unveiled a new decentralized funding mechanism for projects within its ecosystem, named the “Ecosystem Vault.” Fantom has recently launched a new product designed to enable projects within its ecosystem to raise funds in a decentralized manner from the community, known as Ecosystem Vault. With this mechanism, projects can
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Polkadot has released Version 3 of its Cross-Consensus Messaging (XCM) feature, enhancing interoperability between different blockchains within its ecosystem. Cross-Consensus Messaging (XCM) is a feature introduced by Polkadot in May 2022 to facilitate seamless interaction and direct data transfer among parachains within the ecosystem. According to Polkadot founder Gavin Wood,
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The Layer 2 Ethereum solution zkSync is teaming up with Espresso Systems, a crypto infrastructure company, to enable private transactions on its platform. zkSync Integrates New Technology for Private Transactions on Its Network This collaboration will incorporate Espresso Systems' new privacy technology, CAPE (Configurable Asset Privacy), built on Ethereum.
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South Korea’s largest cryptocurrency exchange, Upbit, has announced it will now support Shiba Inu (SHIB) trading pairs with the Korean Won (KRW). Upbit has added SHIB and GAL as the latest digital assets to its platform, introducing the SHIB/KRW and GAL/BTC trading pairs. However, Upbit has noted
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Ethereum layer-2 scaling solutions Optimism and Arbitrum are in a fierce competition over transaction activity. Over the past month, there has been a noticeable divergence in activity between Optimism and Arbitrum. According to data from The Block, Optimism has been averaging 675,000 transactions per day, while Arbitrum lags behind
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Popular metaverse projects have experienced an explosive price surge over the past week, outpacing even major market leaders like Bitcoin and Ethereum. It seemed improbable that the metaverse sector would regain traction amidst Bitcoin’s strong recovery above $21,000, especially given that virtual land prices and trading volumes plummeted
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In a recent report on the economic status of USDC, Circle reaffirmed that its stablecoin "always" maintains a 1:1 peg to USD. The report opens by highlighting that Circle has redeemed $213 billion worth of USDC since its launch in 2018. This success is attributed to the
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Shibarium, the upcoming layer-2 solution from Shiba Inu, is poised to become a direct competitor to other layer-2 solutions like Arbitrum and Optimism. It aims to enhance scalability, speed, and transaction fees. Shiba Inu Set to Launch Beta Version of Layer-2 Shibarium On January 16, Shiba Inu announced that the
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On January 17, cryptocurrency exchange Binance announced the completion of its 22nd quarterly BNB burn, marking a significant increase in the value of BNB destroyed. Binance Completes 22nd BNB Burn In Q4 2022, Binance burned 2,064,494 BNB through its BNB Auto Burn mechanism. In USD terms, this equates
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Solana (SOL) is experiencing a strong rebound following a series of setbacks in December 2022, with an impressive 135% increase since the start of the year. As reported by Coin68, the collapse of FTX in November severely impacted SOL's price, which at one point fell to around $8,
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Last week was exceptionally eventful, with BTC surging by 5000 points and many altcoins also experiencing significant gains. For those who followed the spot and futures signals from 68 Trading, it was a profitable period. Now, with BTC making such a strong move, should we buy at these levels or
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Bitcoin (BTC) has experienced a remarkable surge in recent days, bringing the cryptocurrency close to its pre-FTX disaster levels. Price Movement of Major Cryptocurrencies as of 09:20 AM on January 14, 2023. Source: Coin360 On the morning of January 14, Bitcoin (BTC) extended its streak of consecutive daily gains