Key highlights: Bitcoin reached an all-time high in daily transactions the same day the U.S. government engineered a distressing bank acquisition to prevent economic catastrophe. The Federal Reserve’s restrictive policies caused interest rates to increase rapidly, leading to the downfall of major banks. According to the esteemed analysts at Glassnode, over 568,300 Bitcoin transactions were […]
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Key highlights: Bitget, the admirable crypto trading platform, just published an extensive and insightful study on how different age groups perceive and adopt cryptocurrencies. Their research analyzed over 459,000 survey responses across 26 countries. Cryptocurrency Adoption Differs Among Different Age Groups A whopping 46% of millennials already own cryptocurrencies, far surpassing the older generations. More […]
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Key highlights: Google Cloud has wisely broadened its support for Web3 startups by welcoming 11 promising firms into its accelerator program. Through strategic partnerships with leading blockchain networks and crypto analytics firms, Google is providing a strong launching pad for emerging web3 companies to focus on building innovative products instead of worrying about infrastructure. Google […]
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Key highlights: Visa aims to pioneer ambitious crypto products and hired software engineers for its crypto division. The positions are hybrid and require proficiency with Web3 technologies and scalable systems. The payments giant wants crypto-savvy engineers, especially those building on public chains and stablecoins. Visa’s crypto chief tweeted they aim to mainstream these technologies. Visa’s […]
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Key highlights: While the Shapella upgrade brought both promise and uncertainty, the initial data suggests the Ethereum community is committed to the vision and longevity of the blockchain. Over the past day, deposits have outpaced withdrawals, leading to a steady increase in the total amount of staked ETH. Crypto investors preferred to keep staking instead […]
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Key highlights: While the recent price appreciation of the largest cryptocurrency may have sparked additional interest from speculators, the steady and continual inflow hints at the gradually maturing sentiment among long-term investors. In the past week, digital asset mutual funds have seen a net inflow of a whopping $114 million, taking the net inflow over […]
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Key highlights: While some countries like China are advancing rapidly with digital yuan trials, the G7 prefers a measured approach and aims to establish guiding principles for CBDCs. The group is also seeking to strengthen cryptocurrency regulation to prevent future financial turbulence, while not stifling innovation. Analysts predict that CBDCs and the tokenization of assets […]
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Key highlights: The BNB Chain, Binance’s blockchain network, is seeing phenomenal adoption and growth, outshining other popular blockchains, including Ethereum and Polygon. With more than 1 million daily active users, it’s proving that it can stand tall in a highly competitive space. Data from Coin98 reveals that the BNB Chain has taken the lead in […]
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Key highlights: Reddit, one of the largest social platforms on the internet with over 500 million monthly users, made an unexpected but intriguing move this week. According to recent blockchain data, Reddit registered Gen 3 Avatar NFT contracts to the Polygon network on April 5th. We can expect these NFTs to be released in the […]
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Key highlights: Traditional financial institutions continue to create new use cases by adopting blockchain. Recently, French bank Credit Agricole Bank and Swedish bank Skandinaviska Enskilda Banken (SEB) released an announcement. According to the announcement, the two banks will launch a new digital bond platform powered by blockchain technology. The new platform, which will be called […]
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Less than 10 days to Shanghai upgrade. With this upgrade, ETH stakers on the ETH 2.0 contract can withdraw their funds if they wish. This allowed the number of validators on the Ethereum blockchain to increase rapidly. According to BeaconScan data, 67,500 new validators arrived on the network from January 1, 2023, to the end […]
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Key highlights: There are hundreds of on-chain analysis methods that can be used to predict Bitcoin price. Santiment, one of the most well-known crypto analytics companies in the market, evaluated the current situation of Bitcoin in a blog post it published the other day. Using five indicators, Santiment tries to predict the trend in the […]
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Key highlights: The winds of change are blowing in the financial sector. According to a new report by Citi, asset tokenization and central bank digital currencies (CBDCs) could reshape finance as we know it in the next decade. Citi predicts that up to $5 trillion in assets could be tokenized by 2030, unleashing a wave […]
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Key highlights: Recently, many cryptocurrency companies are moving to Hong Kong to take advantage of the requests of Chinese citizens. Companies leaving Singapore, which has enforced strict regulations since last year, are choosing Hong Kong as a more crypto-friendly alternative. The key reason why Hong Kong has been described as “crypto-friendly” is that the government […]
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Key highlights: Layer 2 blockchain zkEVM, created by Polygon with zero-knowledge technology, is live on the mainnet. Co-founder Mihailo Bjelic said that zkEVM is still in beta and should be used with caution. zkEVM uses cutting-edge zero-knowledge proofs to provide Ethereum compatibility with low transaction costs and complete privacy. This opens up a new world […]
The post Vitalik Buterin Makes First Transaction On Polygon’s ZkEVM – A New Era Of Ethereum Scaling appeared first on CryptoCoin.News.
Key highlights: According to Electric Capital’s research, blockchain developers in the world are more homogeneously distributed every year. European countries and India are rapidly increasing their shares in this market. It is thought that there are close to 24,000 open-source software engineers in total in this industry, which currently has a market capitalization of approximately […]
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Key highlights: According to the news of Bloomberg yesterday, the world-renowned stock exchange is preparing to dive headfirst into the world of cryptocurrencies. The company has announced plans to launch its very own crypto custody service by the end of Q2. This news is making waves in the industry and for good reason. Nasdaq’s entry […]
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Key highlights: Do you have a virtual land? According to reports, more people than ever before in the last few months are interested in buying virtual land. In 2023, $311m of metaverse virtual land was traded in the first 70 days, DappRadar reported on March 23. In the first quarter of 2023, cryptocurrencies, NFTs, and […]
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Key highlights: After the FED increased interest rates by 25 bps in line with expectations, BTC made a minor price correction, dropping 1.6% to a price of $27,900. Goldman Sachs is among those who appreciate and acknowledge Bitcoin’s solid rally, which has continued for three months. Global investment banking giant Goldman Sachs said that since […]
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Key highlights: Polygon Labs has joined the blockchain domains revolution by partnering with provider Unstoppable Domains. As a result of the partnership, users of the Polygon blockchain will now be able to define .polygon addresses for use among network-hosted dApps. According to Polygon’s announcement, any DeFi platform, metaverse, game and other dApps on the blockchain […]
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Key highlights: Starbucks, one of the largest coffee chains in the world, has now launched a paid collection after the free NFTs it released earlier received more attention than expected. The company, which runs an NFT project called Starbucks Odyssey, is developing an environment where users can earn rewards by playing games, completing achievements, and […]
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Key highlights: Bybit, one of the world’s largest cryptocurrency exchanges, announced that it plans to launch a Mastercard debit card for crypto payments in some European countries and the USA. The new card, which will serve in 5 different cryptocurrencies, will convert cryptocurrencies to USD, EUR, or GBP with a 0.9 %conversion fee during payment. […]
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Key highlights: While cryptocurrencies continue to show their strength against each other, NFTs are also in great competition in terms of trade volume. Providing analytical data for dApps, marketplaces, and collections, DappRadar’s February industry report shows NFT transaction volume to exceed $2 billion in February. This is the highest level reached after 9 months. Source: […]
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Key highlights: World payment giant Visa denied the Reuters report dated February 28. They announced they are continuing their partnership with crypto companies. Explaining that they will continue to support blockchain technology. Additionally, cryptocurrencies even though the industry has had a prolonged bear market and many companies have collapsed. Visa stated that companies would not stop investing […]
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A year of war in Ukraine after the Russian aggression on February 24th, 2022. The poverty crisis in Ukraine has hit women particularly hard as they struggle to afford necessities like groceries and sanitary products. This dire situation is especially evident on the front lines of the war in the Donbas region, where women urgently […]
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Key highlights: Tezos, a blockchain platform, has been making headlines recently because Google has become one of the validators of its network. This is a significant development for Tezos, as it adds to the credibility and legitimacy of the platform. This may seem like a small piece of news, but it has some significant implications […]
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