TLDR Coinbase’s Ethereum Layer 2 network, Base, generated over $6 million in on-chain profits in May, outperforming competitors like Blast and Optimism. Base’s total value locked (TVL) has seen significant growth, nearly sextupling from $1.3 billion to $7.6 billion in the last three months, driven by the implementation of EIP-4844 and proto-danksharding via the Dencun…
Two citizens, Chan Wing-yan and Herbert Lee Sun-him, have filed the first civil lawsuit against the cryptocurrency platform JPEX, seeking to recover approximately 240,000 units of tether, worth about HK$1.85 million. This marks the first civil lawsuit since the alleged fraud was uncovered nine months ago. The plaintiffs allege unauthorized transfers of their funds shortly…
TLDR Fhenix, an Ethereum Layer 2 network focused on data confidentiality, has raised $15 million in a Series A funding round led by Hack VC, bringing its total funding to $22 million. Fhenix has launched its open testnet called Helium, allowing developers to deploy “confidential” smart contracts on the Fhenix Layer 2 network for the…
According to the Bangkok Post, the Thai Securities and Exchange Commission (SEC) has given approval to One Asset Management, a local firm, to introduce Thailand’s first Bitcoin exchange-traded fund (ETF). This ETF is exclusively available to wealthy and institutional investors and follows a policy of investing in 11 prominent global funds. A Diversified Approach The…
TLDR Raspberry Pi has partnered with Hailo to create a $70 AI Kit add-on for the Raspberry Pi 5 microcomputer. The AI Kit includes a Hailo-8L AI accelerator module capable of 13 trillion operations per second (TOPS), outperforming some laptop AI chips. The AI Kit integrates with the Raspberry Pi’s camera software stack and can…
Strategic advancements are crucial in the swiftly transforming realm of cryptocurrency. Ripple’s collaboration with Evmos and Peersyst seeks to enhance blockchain interoperability, while the fluctuating prices of Arweave underscore market instability. However, BlockDAG has managed to distinguish itself by unveiling the beta version of its X1 mobile miner app during a captivating keynote, alongside a…
Cryptocurrency scammers recently hijacked the official Microsoft India X account, which boasts over 211,000 followers, to impersonate Roaring Kitty, the pseudonym of well-known meme stock trader Keith Gill. Microsoft India’s X account, marked with a gold check indicating official verification, added credibility to the fraudulent posts. The hijacked account was used to reply to tweets,…
The Central Bank of Qatar recently announced the completion of the infrastructure development supporting an in-house-built CBDC. The bank estimates that the project will enter its experimental stages this year in October, allowing several national and international banks to test the functionality of this pilot by facilitating large payments among them. Qatar Announces CBDC Experimental…
Ukrainian authorities have dismantled a criminal ring defrauding citizens across Ukraine, Moldova, Kazakhstan, and the European Union through deceptive call centers promising lucrative cryptocurrency investments. The National Police of Ukraine detained 14 suspects, including the alleged organizers, and seized 12 luxury cars, 136 units of computer equipment, 951 SIM cards, 455 starter packs, and significant…
In the rapidly changing world of cryptocurrencies, new players like Kaspa are rising, showing strong growth and exciting investors. While Kaspa’s future looks bright, BlockDAG is taking the spotlight. From a keynote on the moon, BlockDAG showcased its advanced blockchain technology and the innovative X1 mobile miner app, setting a new industry standard and outpacing…