Category: blockchain

Dogecoin has jumped 21% over the past week, outperforming major memecoins like Shiba Inu, Pepe and Bonk. At the time of publication, DOGE traded at $0.38. Shiba Inu (SHIB), Pepe (PEPE) and Bonk (BONK) were up 7%, 10% and 14%, respectively. Dogecoin’s price surged 21% over the past week, peaking at $0.39. Source: CoinGecko The…

Digital asset wallet Phantom has refuted rumors suggesting it would initiate a token airdrop to complement its soon-to-be-released social discovery feature. “We’ve seen some speculation about an airdrop tied to this feature, so to clarify: we do not have any plans to launch a token,” the non-custodial crypto wallet provider stressed in a Jan. 3…

At least 15 blockchain wallets suspected of insider trading have turned an initial $14,600 investment into over $20 million, raising concerns about transparency and fairness in cryptocurrency markets. The 15 insider wallets made over $20 million in profit on the Focai.fun (FOCAI), a memecoin recently launched on Solana’s (SOL) memecoin launchpad Pump.fun. The suspected insiders…

China’s digital yuan will return to the spotlight China’s central bank digital currency was once one of the industry’s hottest topics, but 2024 saw a relatively quieter year for the digital yuan. Still, Winston Ma, an adjunct law professor at New York University and former managing director at China’s sovereign wealth fund, predicts a strong…

The Frax community has voted to pass FIP-418 to use BlackRock’s United States dollar Institutional Digital Liquidity Fund (BUIDL) as backing collateral for the Frax-USD (frxUSD) stablecoin. According to the proposal, which passed unanimously after six days of voting, the tokenized fund provides potential yield-bearing opportunities for frxUSD holders. Counterparty risk is also minimized by…

Expect 2025 to be the cryptocurrency market’s best year ever, with Bitcoin (BTC) and Ether (ETH) both crushing all-time highs, among other potential “remarkable positive developments,” Steno Research said in a research note. Steno Research predicts that BTC’s and ETH’s spot prices will surpass $150,000 and $8,000, respectively. The analysts are also “increasingly optimistic about…

2024 was a significant year for cryptocurrencies and blockchain networks. It saw the launch of exchange-traded funds (ETFs) for Bitcoin (BTC) and Ether (ETH) in the United States, major protocol upgrades for altcoins, and the release of new infrastructure networks. Here are 10 crypto projects that implemented major protocol upgrades or shipped a mainnet in…

Grayscale has added the tokens of several artificial intelligence platforms and decentralized finance (DeFi) applications to its list of the top 20 tokens to watch in the first quarter of 2025, the asset manager said in a Dec. 30 research note.  The Q1 2025 watch list, which Grayscale updates quarterly, now includes Hyperliquid (HYPE), Ethena…

Solana co-founder Stephen Akridge was sued by his ex-wife, who accused him of secretly profiting from her stash of the blockchain’s token through staking rewards. Akridge was hit with a lawsuit filed in San Francisco’s Superior Court on Dec. 24 by Elisa Rossi, who alleged her ex-husband earned “millions of dollars in staking rewards” from…

The crypto industry experienced a remarkable resurgence in 2024, fueled by a Bitcoin bull run that pushed BTC’s market price above $100,000, restoring investor confidence and delivering substantial returns across the crypto market. Amid the numerous significant milestones achieved throughout the year, it is easy to overlook the major challenges that industry players and investors…

CryptoQuant CEO and founder Ki Young Ju said that President-elect Donald Trump’s Bitcoin (BTC) policies likely depend on the perceived strength of the United States economy and the US dollar by the global investment community. Ju argued that store-of-value assets like Gold and BTC surge in price when investors perceive threats to US economic hegemony.…

The National Institute of Standards and Technology (NIST) recently proposed standardizing the block and key size used in the Advanced Encryption Standard (AES) to 256 bits. According to NIST, increasing the block size is necessary due to the number of applications with larger volumes of data to process and the growing demand for these data-intensive…

Solana staking pool Jito clocked monthly revenues from priority fees and tips of more than $100 million in November and December, according to a Dec. 26 note from Kairos Research, a cryptocurrency researcher.  In 2024, Jito’s validators scaled tip revenues by an average of 32% each month, Kairos said. Monthly income peaked in November at…

The cryptocurrency market experienced a remarkable resurgence in 2024, rising from its January capitalization of $1.8 trillion to an astounding $3.9 trillion as of mid-December. The surge was spearheaded, in large part, by Bitcoin’s meteoric year-to-date (YTD) rise of 160%.  However, this dramatic recovery also triggered a wave of bullish momentum across the board —…

Montenegro’s Constitutional Court reportedly dismissed an appeal by Korean cryptocurrency mogul Do Kwon regarding his extradition, closing off another legal route for the Terraform Labs co-founder. According to a report by Korea JoongAng Daily, the unanimous court decision cited legal inconsistencies in Kwon’s appeal, effectively upholding an earlier ruling favoring his extradition. Kwon has been…

PancakeSwap closed a record year in terms of cryptocurrency trading volume, owing to growing interest in decentralized exchanges and the expansion of layer-2 blockchain networks. Decentralized exchange (DEX) PancakeSwap recorded $310 billion in total trading volume during 2024, marking a nearly 179% year-over-year (YoY) increase from $111 billion in 2023. The record year was mainly…

Finnish telecom company Nokia filed for a patent on a “device, method and computer program” that can encrypt digital assets.  On Dec. 23, the China National Intellectual Property Administration (CNIPA), patent office of the People’s Republic of China, disclosed that Nokia Technologies had applied for the digital asset encryption patent. According to English translations of…

Securitize, the brokerage firm for the tokenized BlackRock US dollar Institutional Digital Liquidity Fund (BUIDL), has submitted a Frax improvement proposal to add BUIDL as backing collateral for the Frax USD stablecoin. According to the improvement proposal, using BUIDL as a collateral reserve asset provides yield opportunities, deeper liquidity and transfer options, and reduced counter-party…

Top Stories of The Week Hawk Tuah influencer speaks out after memecoin rug pull allegations Haliey Welch, the influencer behind the viral “Hawk Tuah” video clip, has released a statement after a memecoin bearing her handle was pumped and dumped quickly after its December launch. In a Dec. 20 X post, Welch said she was…

Decentralized applications (DApps), also known as Web3 applications, tend to be slower than their Web2 counterparts because they have to organize blockchain data from multiple sources. Maxim Legg, CEO of Pangea — a decentralized data indexing solution — told Cointelegraph that data indexing will fix the speed bottleneck for Web3 applications. Legg said data from…