Month: August 2024
Bitcoin Repayments Near Completion as BitGo Moves $2B from Mt. Gox
BitGo, the last of the five cryptocurrency exchanges involved in the Mt. Gox Trustee process has made significant strides in facilitating the long-awaited Bitcoin repayments. [more…]
Tether Dedicates $3M to Expand USDT in Middle East – Major Growth Ahead
Tether Operations Limited, the leader in the digital asset industry, has announced a significant strategic investment of $3 million in Kem, a financial management app [more…]
Ripple and SBI Digital Community Push XRPL in Web3 with 17,757 NFTs
Much venerated XRP community figure “Crypto Eri” has reportedly announced the latest strategic partnership between Ripple and SBI Digital Community, a branch of SBI Holdings. [more…]
Ethereum Layer-2 Hits Record 12.4M Daily Transactions
Ethereum layer-2 networks are making waves in the cryptocurrency scene. On August 12th, these networks achieved a remarkable feat by processing a record-breaking 12.42 million [more…]
Manta Pacific Adopts Multi-Framework for Layer 2 Data
Manta Pacific, the first-ever Layer 2 blockchain on the Manta Network, is making waves in the blockchain world with its latest innovation. The platform has [more…]
Explosive Growth or Speculative Surge? Solana’s Active Addresses Soar Amid Firedancer Upgrade
Solana ecosystem has been on an expansion spree recently, however, the kind of growth observed has sparked debate. The daily active addresses on the Solana [more…]
Mercado Bitcoin Rolls Out Groundbreaking Loan Product in Brazil
The first of its kind, Brazilian crypto exchange Mercado Bitcoin has launched a loan product where crypto is tied as collateral to secure credit in [more…]
$2B Mt. Gox Bitcoin Transfer – BitGo Wallet in Focus
In a new twist to the Mt. Gox story, Arkham Intelligence, a blockchain analytics firm, has revealed that a wallet connected to the infamous exchange [more…]
Bitcoin Investors Strengthen Positions, Glassnode Report Shows
A recent on-chain analysis from the analytics firm Glassnode indicates a revival in the holding behavior—popularly termed ‘HODLing’—among Bitcoin (BTC) stakeholders, particularly long-term holders. [more…]
Bitcoin Miner Cipher’s Bold Cash Boost Amid Q2 Losses
Bitcoin miner Cipher reported a net loss in the second quarter of 2024 of $15 million, even more than the $13.2 million in the same [more…]