Category: Latest news

[ad_1] On Dec. 16, the trading volume of decentralized exchanges (DEX) on Solana briefly flipped that of Ethereum for the first time amid the continued growth of the smart-contract-enabled blockchain ecosystem. Data from DeFillama shows that the trading volume of DEXs on the blockchain reached $1.536 billion, while Ethereum stood at only $1.164 billion during…

[ad_1] Quick Take The Bitcoin Hash Price, a pivotal barometer for daily miner incomes, has surged to a striking $125,000 per Exahash, a zenith not witnessed since July 2022. Glassnode analyst Checkmate highlighted that we have revisited levels mirroring a similar pre-halving period from 2020. This metric, calculated by taking the ratio between total miner…

[ad_1] Bitcoin’s price starts the new week in the red after a surge in Ordinals minting resulted in a clogged blockchain network over the weekend. Data from CryptoSlate shows that BTC’s price fell by around 2% during Asia trading hours to $41,189, reminiscent of how the flagship digital asset began the previous week. Similarly, other…

[ad_1] FTX Debtors filed an amended Chapter 11 reorganization plan on Dec. 16 that will potentially lead to millions of dollars worth of losses for the defunct crypto exchange’s creditors. The plan proposes valuing the creditors’ claims at crypto prices on Nov. 11, 2022, the day FTX filed its bankruptcy petition. In the days leading…

[ad_1] The world’s largest stablecoin issuer has frozen 326 wallets containing $435 million worth of Tether (USDT) for the U.S. authorities, the company highlighted in a letter on Dec. 15. The assets were frozen to assist law enforcement authorities, including the U.S. Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), and the Secret…

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[ad_1] Tap Protocol has completed a $4.2 million funding round led by Sora Ventures to enhance its role in the Bitcoin ecosystem. This investment, featuring contributions from numerous venture capital firms and angel investors, equips Trac Systems, the German company behind Tap Protocol, for significant growth. The funding round attracted notable venture capital firms, including…

[ad_1] On Dec. 15, the U.S. Securities and Exchange Commission (SEC) denied a petition from the cryptocurrency exchange Coinbase, which had requested the development of new rules for digital asset securities In a response letter to Coinbase, the SEC said it “concludes that the requested rulemaking is currently unwarranted and denies the Petition.” The decision…

[ad_1] Ethereum Name Service (ENS) has achieved decentralized governance, according to a message from the project’s creator on Dec. 14. ENS is a naming system for the Ethereum blockchain that adds human-readable names to various resources, including crypto wallets and websites. Until now, the project’s root node was managed by members of the Ethereum community.…

[ad_1] Polygon Labs announced on Dec. 15 that it had ended its contributions to Polygon Edge, a platform leveraged by several blockchain projects. The company said that it would shift its focus to Polygon CDK, a successor solution that aims to produce a unified layer-2 ecosystem with interoperability and a single pool of liquidity. It…