Author: Crypto News

Last updated: May 27, 2024 05:36 EDT | 2 min read The native token of Web3 social network Friend.tech, known as FRIEND, has experienced a significant drop in value.The decline came after one of the protocol’s co-founders, who goes by the pseudonym Racer, expressed intentions to part ways with Base, the Ethereum Layer-2 network developed by Coinbase that hosts the project.“System design bounty: If you can figure out a way to migrate friendtech off of Base without causing major issues for users, and it works well enough that we decide to use it, we will pay you $200K,” Racer said…

Last updated: May 27, 2024 04:07 EDT | 2 min read Aptos, a layer-1 blockchain platform developed by former Facebook employees, has set a new record in blockchain transactions.On May 25, Aptos surpassed Solana by recording an astounding 115.4 million transactions in a single day, far exceeding Solana’s 31.7 million, according to Aptoscan.The surge in transaction volume not only shattered previous records but also surpassed the L1 record of over 65 million held by Sui Network by an impressive margin of over 50%.The exponential growth in transactional activity on Aptos highlights the platform’s increasing adoption and the industry’s overall momentum.According…

Last updated: May 27, 2024 03:26 EDT | 1 min read The total value locked (TVL) of Ethereum Layer 2s have reached a historical record of $47 billion.According to the data posted by L2BEAT, the current TVL of all canonically bridged, externally bridged, and natively minted tokens on Ethereum Layer 2 networks is $47.45 billion, setting a new all-time high.Breaking down by networks, Arbitrum One leads the ranking and has a TVL of $19.3 billion. OP Mainnet comes the second with $7.88 billion. Base is ranked the third with $6.94 billion TVL.Other blockchains with a TVL exceeding $1 billion include…

Last updated: May 27, 2024 02:24 EDT | 1 min read Ex-US President Donald Trump rallies behind cryptocurrencies, embracing “all things related to this new and burgeoning industry.”“I am very positive and open minded to cryptocurrency companies,” he reiterated his pro-crypto stance on Sunday, during the Libertarian National Convention address.Trump assures that he would never let crypto die, throwing a shade on Biden’s moves to kill Bitcoin and crypto.“Crooked Joe Biden, on the other hand, the worst president in the history of our country, wants it to die a slow and painful death. That will never happen with me,” he…

Last updated: May 27, 2024 00:43 EDT | 1 min read A recent study has revealed that 60% of US residents lack comprehension of blockchain technology.Millennials emerged as the most confident generation regarding cryptocurrency knowledge, according to a recent study by language learning marketplace Preply. It also found a gender gap, with men generally feeling more assured about their crypto understanding than women.However, despite 46% of respondents expressing overall confidence, a significant portion of crypto investors themselves (35%) harbored doubts about their grasp of cryptocurrency. This uncertainty was particularly prevalent among Gen Z investors, with a staggering 40% unsure of…

Last updated: May 27, 2024 00:02 EDT | 3 min read The SOL/USD pair maintains a bullish trend, reaching near $170 and hitting an intraday high of $170.26, suggesting a bullish Solana price prediction. Standard Chartered’s interest in SEC approval for more crypto ETFs, including Solana, is fueling speculation and optimism.Positive market dynamics and technical indicators support a potential surge, with predictions suggesting Solana could see significant growth, possibly surpassing $200.Solana and XRP ETFs Could Boost Prices by 2025: Standard Chartered PredictsGeoffrey Kendrick, Head of Forex and Digital Assets Research at Standard Chartered Bank, predicts that cryptocurrency ETFs for Solana…

Last updated: May 26, 2024 23:00 EDT | 2 min read Argentinian regulators have been talking to their counterparts in El Salvador about Bitcoin (BTC) adoption, the National Securities Commission of Argentina (CNV) confirmed this weekend.Per an official notice from the Argentinian CNV and a report from Criptonoticias, top officials met the head of El Salvador’s National Digital Assets Commission last week.Officials said the countries are “evaluating possible cooperation agreements” on digital assets-related issues.El Salvador an ‘Example’ as Argentinian Regulators Talk Bitcoin?High-ranking CNV officials have visited El Salvador to “learn how” the government regulates BTC.Criptonoticias remarked that the nations were…

Last updated: May 26, 2024 19:30 EDT | 2 min read The Russian Central Bank says it has noticed a significant rise in citizens’ transactions on crypto exchanges and peer-to-peer crypto trading platforms.Per the Russian media outlet RBC, the bank has published a financial stability report, making several observations on Russian citizens’ crypto transactions.The bank wrote about trends it had noticed from the fourth quarter of the Financial Year 2023 to the first quarter of FY2024.The regulator wrote that the “total web traffic of Russian users on the websites of the largest cryptocurrency platforms” increased by 16.4% “compared to the…

BlastUP, the premier launchpad on Blast, has confirmed its robust utility by successfully launching its first IDOs. As its presale nears completion, it continues to garner significant attention from crypto enthusiasts. The amount of funds raised so far is approaching 7 million, and BlastUP already boasts a large and passionate community of supporters.Early Triumphs Fuel BlastUP’s Presale Surge Toward $7 MillionBlastUP, currently in its presale phase, has already demonstrated its practical value by successfully launching two IDOs. The first one, CYBRO, garnered $140,000 during its private sale round. Following closely, Petobots completed its private sale through BlastUP in just a…

TABOO, a trendsetting crypto-based adult entertainment company, is thrilled to announce the upcoming launch of its revolutionary live-streaming feature. This exciting development follows the successful launch of TABOO’s innovative marketplace and sets the stage for an immersive, interactive experience that redefines digital adult entertainment.Upcoming Live StreamingTABOO’s live-streaming feature is set to launch soon, offering users an unprecedented level of engagement and interaction with their favorite supermodels. What sets TABOO apart is the quality of its supermodel partners, who are carefully selected for their allure, talent, and professionalism. Among these elite models are established Playboy and ex-Playboy stars such as Khloe…