Author: Crypto News

Last updated: April 17, 2024 12:00 EDT | 3 min read In Q1 2024, the Solana blockchain led the pack with an impressive 2.4 Billion transactions. Despite its success, Solana faced issues with transaction failures that stirred negative market reactions. Meanwhile, the Aptos (APT) price struggled, dropping over 16%.Amid these fluctuations, BlockDAG stands out with its innovative Directed Acyclic Graph (DAG) technology, enhancing scalability and security. With a successful $17.8 Million presale and a promising technical white paper, BlockDAG is becoming recognised as the best crypto platform, further hyped by a moonshot keynote video teasing future developments and a potential…

Last updated: April 17, 2024 11:06 EDT | 3 min read Source: Worldcoin Worldcoin, the crypto project co-founded by OpenAI’s Sam Altman, has today announced a new blockchain “designed to bring all humans onchain.”The new World Chain is built to scale both Worldcoin and the broader Ethereum network to 1 billion people and beyond, said the press release shared with Cryptonews.The team expects the developer preview of World Chain to come out “very soon” with the full launch to follow later this year.‘Graduating’ from OP MainnetAccording to the announcement, Worldcoin user transactions represent some 44% of the activity on Optimism,…

Last updated: April 17, 2024 11:00 EDT | 2 min read Senator Sherrod Brown (D-H), a noted crypto-skeptic, expressed openness to stablecoin legislation amidst news of a bipartisan bill proposed by Representatives Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY), a Tuesday report from Bloomberg revealed.When asked by the news outlet if he would advance stablecoin legislation tethered to a bill focused on reducing compensation for failed lenders’ executives and authorizing banks to conduct with cannabis businesses, Brown reportedly answered “That’s the goal.”Senator Sherrod Brown Willing To Advance Stablecoin LegislationFor context, U.S. lawmakers often attempt to bundle issues into a bill…

Last updated: April 17, 2024 08:00 EDT | 2 min read According to a CoinDesk report, OKX, the world’s second-largest cryptocurrency exchange by trading volume, has lost two of its top executives, Tim Byun and Wei Lan.As OKX merges its operations into a single global brand, the employees’ departures raise serious questions about its stability and future.OKX Experiences Executive Departures Amidst Strategic RestructuringByun, who oversaw global government relations, and Lan, the head of product, played pivotal roles in OKX’s growth and rebranding efforts. Amidst reports of his departure from OKX, his LinkedIn profile does not reflect the sudden change.Tim Byun previously served…

Last updated: April 17, 2024 07:50 EDT | 2 min read Clearstream, Deutsche Börse’s post-trade business is investing an undisclosed amount in the fintech start-up Digital Vault Services (DVS).Deutsche Börse, one of Europe’s biggest exchange operators, said the Clearstream investment is subject to applicable regulatory approvals and finalization of legal documentation.The funding will be used by Digital Vault Services to broaden its offering as a market infrastructure solution for corporates and financial institutions. The investment will be part of an exchange for a minority stake in Digital Vault Services and is expected to be completed in the second half of…

Last updated: April 17, 2024 07:45 EDT | 2 min read A recent report from SoSoValue shows significant movements in the Bitcoin exchange-traded funds (ETFs) market, mainly focusing on the outflows observed in Grayscale’s Bitcoin Trust (GBTC) and the broader net outflow of $58.03 million from Bitcoin spot ETFs.The data highlights the dominance of outflows, with GBTC alone experiencing a net outflow of $79.38 million, contributing to its historical net outflow of $16.46 billion. In contrast, the BlackRock ETF IBIT saw a net inflow of approximately $25.78 million.GBTC Sees a total of $16.46B in OutflowsTotal Bitcoin Spot ETF Net Outflows Site: SoSoValue Despite…

Last updated: April 17, 2024 07:17 EDT | 2 min read The South Korean won has emerged as the leading fiat currency for cryptocurrency trading, overtaking the US dollar in the first quarter of 2024. According to a recent research report by Kaiko, the South Korean won accounted for more than $456 billion in trading volume on centralized crypto exchanges, surpassing the $455 billion volume in US dollars.Kaiko attributed the growing dominance of the South Korean won to the “fee war” among Korean crypto exchanges. The report highlighted that the improving macroeconomic environment and intense competition between exchanges in South Korea have fueled…

Last updated: April 17, 2024 03:22 EDT | 2 min read Bitcoin mining companies are experiencing a significant decline in their stock prices as they face reduced revenue due to an upcoming code update for the largest cryptocurrency. Companies such as Marathon Digital Holdings Inc., Riot Blockchain Inc., and CleanSpark Inc. have seen their stock prices fall for three consecutive days. The Valkyrie Bitcoin Miners exchange-traded fund has also suffered a decline of approximately 28% this month.Geopolitical Tensions Further Pressure Mining StocksThe downward trend in Bitcoin mining stocks is further compounded by the accumulation of short interest in crypto-mining stocks and recent…

Last updated: April 17, 2024 02:38 EDT | 1 min read The Bank of Israel is launching a sandbox environment for testing CBDC use cases, in an effort to refine the design of the digital shekel and ensure its capacity to facilitate advanced applications.“We are now building the system and intend to officially announce the project in the coming weeks,” Andrew Abir, the central bank’s deputy governor, said in a statement on Tuesday.A sandbox establishes a controlled environment for the evaluation of novel digital technologies, including financial innovations, prior to their broad implementation. Governments leverage sandboxes to foster innovation by permitting…

Last updated: April 17, 2024 01:32 EDT | 1 min read Ore has paused its mining operations on the Solana blockchain to address issues of network congestion.According to a series of social media posts by the Ore developer Hardhat Chad, the mining suspension aims to mitigate the recent congestion on Solana caused by the rapid adoption of their protocol. I have decided to pause all mining, effective immediately. I believe this action to be in the best interests of Solana, Ore holders, and the fastest path forward to v2. 🧵 — Hardhat Chad (@HardhatChad) April 16, 2024“I have decided to…