Tag: blockchain

Estonia, known as one of the world’s most sophisticated technological civilizations, is strengthening its hold on the Bitcoin industry. The government has adopted a measure that would require bitcoin service providers to report to the country’s Financial Supervision Authority beginning in 2026.

In just a few days, the new Polkadot-based memecoin’s Telegram community had over 20,000 airdrop hunters. The airdrop of the new Polkadot-based memecoin, DOT is $DED (DED), sparked substantial community anger after the original allotment was lowered.

An Ethereum (ETH) Initial Coin Offering (ICO) participant has resurfaced after more than 8.7 years of inactivity, sparking suspicion in the larger digital currency industry.

In recent days, bitcoin has regularly hovered above the $60,000 barrier throughout March. With its value skyrocketing, many long-term holders have begun to move large amounts of dormant bitcoins from wallets that haven’t seen activity in years. March has emerged as a critical month for transactions utilizing historical bitcoins.

The Bitcoin ecosystem cuts Bitcoin supply by 50% through the quadrennial Bitcoin halving event. This phase results in a 50% decrease in income for Bitcoin miners and has indirect implications for cross-chain interoperability. The Bitcoin halving event, which happens about every four years, is expected to reduce block rewards for Bitcoin miners.

NodeMonkes, Bitcoin’s finest NFT collection, has increased by more than 50% in the last 24 hours, surpassing Bored Ape Yacht Club (BAYC) in market valuation. According to CoinGecko, NodeMonkes’ floor price increased by 53.3%, making it the second-largest NFT collection by market capitalization.

Cardano’s creator, Charles Hoskinson, addressed concerns about the development of Hydra. This layer-two scaling solution is designed to improve the Cardano blockchain’s transaction processing capacity. Despite concerns about its discontinuation, Hoskinson stated that Hydra’s development staff remains both productive and motivated.

OKX, a renowned cryptocurrency exchange, has launched a new project dubbed OKX Jumpstart Mining. Beginning today, users may mine ZK coins from the Polyhedra Network. This project enables qualifying users to stake Bitcoin ($BTC) or Ethereum ($ETH) and get ZK tokens. OKX Jumpstart Mining provides 6,000,000 ZK tokens to cryptocurrency enthusiasts looking to diversify their holdings and collaborate on innovative blockchain projects.

The Ethereum mainnet has successfully implemented the anticipated Dencun upgrade, marking a pivotal moment in the platform’s evolution. With the activation of EIP-4844 and other key proposals, Ethereum enters a new phase of enhanced scalability and reduced gas fees, promising significant improvements for users and developers alike.

Paradigm, a leading venture capital firm, is currently in advanced discussions to spearhead a substantial funding round for Monad Labs. The investment, which is anticipated to exceed $200 million, is positioned to be one of the most significant funding rounds within the cryptocurrency sector for the year 2024. Founded in 2022 by two former employees of Jump Trading, Monad Labs entered the scene with an ambitious objective: to construct a high-speed Layer 1 (L1) blockchain platform aimed at outpacing Ethereum in terms of performance and scalability.