Ethereum Layer2 Activities Reach New ATH in Gas Fees

Activities in Layer2 have established a new record based on gas fees on the ETH blockchain. Based on data collated from Rebuffo through Dune Analytics, activities in the protocol consumed above 30 billion in transaction fees in March alone.  The gas fees came from processed transactions and others in the protocol. The data means Layer2 […]

Another DeFi Protocol Experiences Hacker Exploits; Loses $3.7M

Ola Finance (a DeFi lending protocol) has acknowledged that it suffered from a hacker exploit on March 31, resulting in the loss of $3.7M worth of digital assets. How The Attack Happened A report by blockchain security firm (PeckShield) showed that the hacker exploited a bug in one of the protocol’s smart contracts to carry […]

Coinbase To Acquire Brazilian Unicorn for $2.2 Billion

Cryptocurrency firm Coinbase has rolled out plans to acquire a Brazilian unicorn 2TM before April ends. According to the popular Brazilian print media Estadão, negotiations for the unicorn’s acquisition are still on, having started at the beginning of 2022.  2TM is the parent company of Mercado, one of the biggest cryptocurrency brokerages in Latin America. […]

Ukraine Establishes NFT Museum For War Remembrance And Fund Raising

Ukraine is currently a war-torn country, destroyed by the firepower of the Russian military, which invaded the country on February 24, 2022. As part of putting in place a befitting structure to tell the next generations of Ukrainians about the war, the Prime Minister of Ukraine, Mykhailo Federov, announced on March 25 the launch of […]

Businesses in Florida to Pay Taxes Via Crypto Says Governor Ron DeSantis

The number of US politicians in the pro-crypto camp is increasing daily against those in the opposition camp. These politicians advocate for the acceptance and legalization of digital assets as a means of retail payments and investment opportunities. Among US politicians in the pro-crypto camp is Ron DeSantis, Governor of Florida state. Ron revealed that […]

Commonwealth Bank Experiences Increased Crypto Activity on its App

Commonwealth Bank of Australia has expressed joy over the increased activity on its Commbank app. The largest bank in Australia has continually experienced an uptake in activity on the app since the financial entity first offered crypto services in 2021. CBA permitted users to purchase and sell virtual currencies via the app. Looking at the […]

Jamaica Set to Airdrop $16 To Early Adopters of CBDC Wallet

Jamaica is a crypto-friendly country, and its government has accepted and is trying to include digital currency in the broad scheme of things.  The country has a new central bank digital currency (CBDC) called Jam-Dex, and as an incentive to use this currency, the Jamaican government has said that it will give 2500 Jamaican dollars […]

DeFi TVL In ETH Drops Below 55%, Putting Ethereum’s DeFi Supremacy In Jeopardy

The decentralized finance ecosystem keeps evolving with each passing period, taking new twists and turns in line with the market’s advancement. The Ethereum blockchain technology has been the most dominant of all in the blockchain sphere as it has no equal. For some time now, no blockchain player has matched its dominating shadow. But nothing […]

Bitcoin Unable To Decouple As Gold Takes The Lead

Bitcoin has emerged as the most widely regarded digital token to have entered the mainstream before others and is continually leading the way. At present, its role in the global financial market is becoming an increasingly evident factor in the ongoing conflict in Eastern Europe involving Russia and Ukraine. Bitcoin’s role in the scheme of […]

Bitcoin Hodlers Riled Up By Peter Brandt’s Remark

Many people are not impressed with cryptocurrency hodlers due to the perception they leave in the minds of others, and experienced crypto trader Peter Brandt is no exception. Brandt left no stone unturned as he took a dig at Bitcoin hodlers by stating that the action of keeping a massive amount of the most prominent […]

Is The Price Of $ANC Rising Amid The Crypto Market Crash?

While the entire crypto market is struggling to come to terms with the sudden crash in price after an initial market recovery in the last couple of days, ANC recorded a positive performance. It appears that the Anchor Protocol (ANC) token is not subjected to the same market movement as others, as its price surged […]

Bitcoin Salvages a Financial Crises in the Russian-Ukrainian Conflict

It’s been over a week of crisis and uncertainty between Russia and its neighbor, Ukraine. Banks, especially in Ukraine, cannot provide financial services due to the conflict; hence, citizens must seek help to meet their daily financial needs. As a result, the traditional banking institutions cannot carry out their standard functions. Even the Russian currency […]

UAE On The Verge Of Becoming An NFT And Metaverse Hub With Innovative Projects

The United Arab Emirate is leading the race to become the top blockchain technology hub in the Middle East following huge infrastructure investment and friendly policies toward attracting decentralized blockchain firms to the region. UAE is now becoming the focal point for interested individuals and companies to venture into new territories to expand their cryptocurrency […]

South African Crypto Exchange To Expand Operations In Africa, Raises $50 M In Funding

A South African cryptocurrency exchange company is looking to expand its operation within Africa, and beyond following the massive funding, it raised from venture capitals. The crypto exchange, VALR, is Africa’s leading digital currency player. It has increased its valuation to $240 million following its success in raising $3.4 million in a Series A funding […]

How Russia Can Avoid Financial Sanction Using China’s Digital Currency

The Russian military offensive in Ukraine did not surprise many because Russia has been threatening to deal with Ukraine’s decision to host a foreign military post in its territory for some time now. Following Russia’s attack on Ukraine on the 24th of February, NATO and its allies have been planning to slam extreme sanctions on […]

Tonga Is About To Recognize Bitcoin As A Legal Tender

The tiny Pacific nation of Tonga has revealed plans to recognize BTC as a legal tender before Q3 2022. A member of the nation’s parliament, Lord Fusitu’a, revealed that Tonga would follow El Salvador’s BTC playbook of four steps in adopting BTC as a legal tender. Following El Salvador’s 4-Step Plan The four steps in […]

Anonymous Wallets Moved $30M Worth XRP Before Major Market Crash

When the cryptocurrency market was experiencing the usual fluctuations associated with the marketplace, with prices crashing and investors gasping for air to survive the brutal market force, there is always something to look out for in all these. In the ongoing price disruption in the market, crypto tracking firms observed large wallets moving huge XRP […]