Category: blockchain

XRP Ledger reduced base reserve requirements from 10 XRP ($25.60 at current XRP prices) to just 1 XRP ($2.56) on Dec. 2, blockchain data shows. This allows new network users to fund their wallets with a smaller amount of cryptocurrency, potentially reducing a barrier to adoption. It also allows users to spend some XRP they…

As Ethereum’s Beacon Chain reached its fourth anniversary, researcher Justin Drake reflected on its achievements and its role as the foundation of the blockchain network. The Beacon Chain was launched on Dec. 1, 2020, as part of the network’s transition to Ethereum 2.0. The introduction of the Beacon Chain marked the blockchain’s shift toward a…

Solana memecoin launchpad Pump.fun saw its weekly revenue drop after disabling its livestream feature in response to reports of harmful content being broadcast.  The Solana memecoin generator’s revenue began November with an upward trajectory before it peaked in the fourth week.  From Nov. 18–24, DefiLlama data shows the memecoin launchpad generated $33.83 million in revenue…

Ripple chief technical officer David Schwartz recently joined the list of tech founders speaking out against Operation Chokepoint 2.0 — a government-run debanking operation against the crypto industry. Schwartz said the government is “addicted to indirect regulation” and laid out four reasons why de-banking undermines the rule of law. Schwartz argued that debanked entities switch…

The New York Department of Financial Services (NYDFS) is expected to approve Ripple Labs’ RLUSD stablecoin — an overcollateralized dollar-pegged stablecoin — in the coming days, sources revealed to Fox Business. According to a Nov. 29 Fox Business report, approval of the dollar-pegged stablecoin by the New York financial regulator could see the product launch…

Japanese anime studio behind Dragon Ball wants to launch a blockchain game Japanese anime production giant Toei Animation, known for generational series like Dragon Ball, One Piece, and Sailor Moon, has partnered with South Korean blockchain firm Wemade to develop a blockchain game with the working title DenDenGarden. The game is based on Toei’s DenDekaDen…

Uniswap smashed its record for monthly volume across Ethereum layer 2s as decentralized finance (DeFi) buffs flooded back into the ecosystem.  According to data from Dune Analytics, Uniswap generated a record $38 billion in volume across major Ethereum layer-2 networks, including Base, Arbitrum, Polygon, Optimism and several others. The November record surpassed its previous highest…

Former United States Securities and Exchange Commission (SEC) Commissioner Paul Atkins has emerged as the leading candidate to chair the agency under President-elect Donald Trump’s new administration. Atkins is known for his pro-innovation stance and crypto expertise and is claimed to be capable of “returning the agency to the so-called ‘gold standard,’” according to an…

Yellow Panther: The gamer who wears many hats Web3 gaming star Yellow Panther wants to set the record straight: full-time gaming is so much more than just playing; it is basically running a multi-operational business without the suit and tie.  Speaking to Web3 Gamer at the Yield Guild Games Play Summit in the Philippines, Yellow…

The United States Securities and Exchange Commission (SEC) broke the record for penalties and fines from its enforcement actions in the fiscal year 2024 amid its substantial settlement with crypto firm Terraform Labs. In a Nov. 22 annual report, the agency revealed that it had net $8.2 billion in financial remedies by Sept. 30, making…

Non-fungible tokens (NFTs) maintained a relatively strong weekly sales volume despite a slight decline compared to last week’s surge.  On Nov. 24, NFT data tracker CryptoSlam showed that digital collectibles had a solid week, recording a sales volume of about $158 million over the last seven days. The data shows a 12.7% decrease compared to…

The Ether price could see an imminent correction in the coming weeks before it resumes a sustainable rally to new highs. Ether (ETH) rose over 33% during the past month to trade above $3,368 as of 10:23 am  UTC on Nov. 23, Cointelegraph data shows. ETH/USD, 1-month chart. Source: Cointelegraph Despite gaining ground, the world’s…

Germany’s largest insurance company, Allianz, has reportedly purchased nearly a quarter of MicroStrategy’s $2.6 billion convertible note offering, signaling increasing institutional interest in Bitcoin. Allianz — the second-largest insurance provider in Europe — has acquired 24.75% of MicroStrategy’s $2.6 billion note sale for institutional investors, which closed on Nov. 21.  The insurance giant made the…

The Open Network (TON), once hailed as the fastest-growing blockchain of 2024, is facing a significant slowdown. Just a few months ago, it reached an impressive 100 million wallets, thanks to its integration with the Telegram messaging app. The rapid rise of TON can be attributed to its distribution through Telegram’s Mini Apps and games.…

President-elect Donald Trump is considering creating a new White House post dedicated entirely to cryptocurrency policy, Bloomberg reported on Nov. 20. Trump’s team is talking to industry executives to decide whether the role is needed, Bloomberg said. They are also reportedly vetting potential candidates, including at Trump’s residence in Mar-a-Lago. The role would be the…

Coinbase will be suspending trading of Wrapped Bitcoin (WBTC) in December, citing undisclosed failures to meet the cryptocurrency exchange’s standards for listing tokens. “We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on our most recent review, Coinbase will suspend trading for wBTC (wBTC) on Dec. 19, 2024,…

Ai16z’s token rocketed more than 50% on Nov. 18 after a top executive at venture firm a16z, the token’s namesake, acknowledged the project in a post on the X platform. Ai16z touts itself as a decentralized autonomous organization (DAO) directed by an artificial intelligence agent named Eliza. Its name references venture firm a16z, but the…

Solana-based apps notched record fees and revenue activity in the last 24 hours amid an apparent return of memecoin mania. According to a Nov. 18 X post from decentralized finance commentator Patrick Scott, who cited DefiLlama data, five out of the top ten protocols by fees in the last 24 hours were on Solana.  Five…

Coinbase CEO Brian Armstrong expressed positive sentiments for the newly created Department of Government Efficiency (DOGE), which billionaire Elon Musk and Vivek Ramaswamy will head. On Aug. 20, United States President-elect Donald Trump floated the idea of bringing Musk into his Cabinet or giving the billionaire an advisory role starting in January 2025. At the…

What is chain abstraction? Chain abstraction is a concept that simplifies the user experience of blockchain technology and unifies transactions across multiple networks.  Web3 is still a fragmented industry leading to a complex and technical user experience. It’s a barrier to entry for the mainstream public, who must create multiple crypto wallets, store seed phrases…