Bitcoin’s network hashrate recently achieved an unprecedented milestone, reaching 679 exahashes per second (EH/s) in September 2024, marking a significant development in the currency’s history. This tremendous surge in computing power not only highlights the increase in mining activity but also underscores Bitcoin’s robust foundation, suggesting solid long-term growth prospects for the cryptocurrency. Analysts from Presto Research, such as Peter
In a significant development for the decentralized finance (DeFi) ecosystem, Synthetix has announced the launch of its new app chain, SNAXchain, aimed at revolutionizing cross-chain liquidity and boosting trading-fee revenues for native-token stakers and onchain trading products. Officially unveiled by Matt Losquadro, a core contributor at Synthetix, SNAXchain is set to initially serve as an onchain governance platform for managing
VanEck has recently announced its decision to shutter the Ethereum Strategy ETF (EFUT), a futures-based Ethereum exchange-traded fund, due to insufficient investor demand. The closure is scheduled to take place on September 16, with the liquidation and return of assets completing by September 23. According to the announcement, various factors contributed to this decision, including the product’s performance, liquidity, assets
The landscape of the financial services industry is being transformed by embedded payments, a trend that holds significant promise for advancing financial inclusion globally. This report delves into the current state of the industry, examining emerging trends, analyzing data, and offering forecasts on the future of embedded payments and their role in promoting financial inclusion. Current State of the Industry
In a significant recent development, the Penpie protocol, a decentralized finance (DeFi) platform built atop Pendle, has suffered a severe attack leading to a loss of $27 million in client funds. This exploit has forced Penpie to suspend all deposits and withdrawals temporarily as a precautionary measure. The hacker was traced to a specific address, and Pendle representatives have tried
Siemens AG’s strategic move to issue a €300 million blockchain-based digital bond underscores its dedication to innovation and its partnership with key financial entities to revolutionize capital markets. This initiative not only showcases Siemens’ resolve to harness advanced technologies but also highlights the company’s role as a pioneer in the financial technology sector. Siemens’ Digital Transformation Strategy Commitment to Innovation
Tron Network has recently emerged as a formidable player in the layer 1 blockchain space, showcasing significant revenue growth and market strength, largely fueled by a surge in meme coin activity. In August, Tron’s monthly revenue skyrocketed by an impressive 46.5%, rising from $41.9 million in July to $61.4 million. This achievement positioned Tron as the second-highest earner among blockchain
The cryptocurrency market has recently been in turmoil, with major digital assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) experiencing significant declines. Investors and enthusiasts alike are grappling with a myriad of factors contributing to this slump. Understanding the underlying reasons behind this downturn, including historical trends, macroeconomic influences, market sentiment, and technical indicators, can provide valuable insights into
The recent hacking of Lara and Tiffany Trump’s X accounts has stirred concerns within the crypto community, highlighting vulnerabilities in high-profile accounts linked to former President Donald Trump’s new DeFi initiative, World Liberty Financial. On September 4, 2024, hackers successfully infiltrated these accounts to promote malicious cryptocurrency links, misleading followers into dangerous financial investments. The breaches were rapidly reported within
In a significant leap for the world of blockchain gaming, Hamster Kombat has unveiled its latest game, which integrates the Toncoin network and Telegram social platform, offering a pioneering tap-to-earn mechanism. This groundbreaking approach not only incentivizes players but also promises to fuel substantial anticipation and engagement within the game’s burgeoning community. Scheduled for an airdrop on September 26, the
Chainlink (LINK) has emerged as a pivotal player in the Web3 ecosystem, primarily due to its crucial role in enabling the tokenization of real-world assets and facilitating reliable smart contracts through its widely trusted price oracles. Despite a bearish crypto market, Chainlink remains a dependable platform, securing over $15 trillion in transactions without any security breaches. This impressive track record
The cryptocurrency landscape is ever-evolving, with each blockchain network facing its own set of challenges and milestones. Solana, a high-performance blockchain known for its fast transaction speeds and low fees, recently faced a potential downturn in transaction volume. This was mainly due to decreased activity on the meme token platform Pump.fun. While this initially sounded alarming, the detailed analysis reveals
