Recently, the crypto community faced concerns as Polygon’s zkEVM, integral to Ethereum’s scaling efforts, suffered a major outage. This event occurred due to a malfunction in the blockchain sequencer, which orders transactions prior to their recording on Ethereum. This hitch halted the zkEVM, renowned for its ability to expedite transaction processing and cut costs, for upwards of 10 hours. Although
The crypto market is abuzz as experts forecast a promising surge, with Bitcoin’s recent performance shining a hopeful light on the sector’s prospects. Bitcoin’s resilience in bouncing back from its mid-March decline has caught the eyes of analysts, scooping investor interest anew. A significant voice, Michaël van de Poppe, presents an optimistic prediction for Bitcoin’s trajectory. Having pulled back to
The periodic event known as Bitcoin halving has significant implications for the cryptocurrency landscape, particularly impacting the economy and those involved in mining. Occurring approximately every four years, this halving event slashes the rewards miners receive for adding new blocks to the blockchain by 50%. Economically, the event can alter Bitcoin’s supply-and-demand dynamics, potentially driving up the cryptocurrency’s value if
Laser Digital, the digital asset-focused arm of Japan’s prestigious financial services group Nomura, has taken a notable leap into the decentralized finance (DeFi) arena with the unveiling of the Laser Digital Polygon Adoption Fund. This innovative fund represents a strategic move to bridge the gap between the burgeoning DeFi sector and institutional investors—the very clientele for which Nomura has historically
In a remarkable instance of fraud, authorities in the Haeundae District of Busan, South Korea, have uncovered a scam involving cryptocurrency that has cost a significant $4.1 million. The group behind the scheme, primarily young adults in their 20s and 30s, targeted an older investor, luring him with the allure of incredibly high returns on his investment. However, these promised
The travel industry, a beacon of global connectivity, is embarking on a new chapter as it embraces the world of digital currency payments. Traditional financial transactions are making way for more innovative methods, propelled by the increasing demand for convenience, security, and efficiency. In an industry-shaping move, FinMont, renowned for its global travel payment orchestration platform, has formed a strategic
The crypto investment sphere has been rocked by a tide of withdrawals unprecedented in scale, with a staggering $942 million exiting various cryptocurrency products in just one week. This startling figure eclipses prior weeks of successful inflows, with a total of $12.3 billion having trickled in over seven consecutive weeks. The bulk of these outflows is concentrated in the market
Binance Labs, the investment branch of the leading crypto exchange Binance, is at the vanguard of the dynamic blockchain sector. Illustrative of their commitment to shaping the future of digital asset earnings, they’ve recently infused capital into StakeStone, an innovative platform that epitomizes the cutting edge of omni-chain liquidity solutions. StakeStone’s unique proposition lies in its capacity to enable users
Recent settlements between Visa, Mastercard, and American merchants mark a pivotal point in payment processing history. These agreements are set to herald sweeping changes across the industry’s landscape, influencing entities from small startups to individual consumers. The aftermath is likely to see a realignment of profit margins, cost structures for consumers, bank incomes, and potentially spark a wave of innovation
Visa is revolutionizing the security of online payments by integrating advanced artificial intelligence into its array of protective measures. Through these cutting-edge technologies, Visa aims to significantly enhance its existing Visa Protect suite, ensuring that every transaction is not only smoother but also significantly safer. This upgrade to a safer payment environment is achieved by employing AI solutions that can
Vitalik Buterin’s move from a mainstream social platform “X”, with a massive audience, to a nascent one like Farcaster, has raised eyebrows across the tech sphere. With “X” teeming with over 5.2 million followers versus Farcaster’s modest 180,000, this decision seems counterintuitive at face value. Buterin’s migration signals a quest for quality over quantity. He aims to curtail the increasingly
The AI industry is witnessing the birth of a groundbreaking alliance that challenges the dominance of tech giants. Fetch.ai, SingularityNET, and Ocean Protocol are uniting to form a decentralized AI collective. This collaboration represents a shift toward AI democratization, merging their distinct tokens into one: the ASI token. Launching at $2.82, the ASI is more than a currency, it’s the
