MarketsIrys, formerly known as Bundlr Network, is preparing to take a leading role in reliable data management in Web3 with a funding investment of $8.9 million. The company has become a major player in the field of blockchain technology, having successfully processed more than 1.9 billion transactions. The main goal of Irys is to increase the scalability and efficiency of on-chain data management in blockchain ecosystems.
Jun 12, 2024MarketsMoonbeam Network, a smart contract platform operating in the Web3 space, announced that it has created a $13 million fund to accelerate ecosystem growth in critical areas such as gaming and real-world asset (RWA) tokenization. This investment underscores Moonbeam's goal to accelerate adoption of Web3 technology and become a leading solution for integrated networks such as Polkadot and Ethereum.
Jun 12, 2024MarketsA new technology has emerged that will revolutionize database queries: Zero-Knowledge Proof (ZK-proof) based "Proof of SQL." It has the potential to reduce the waiting time, which can take up to 30 minutes in traditional Structured Query Language (SQL) queries, to less than a second. This radical reduction can lead to significant efficiency gains in applications that require real-time data processing.
Jun 12, 2024MarketsWhile blockchain technology has tremendous potential, there are significant barriers to communication and asset transfer between different chains. This creates a wall to innovation and limits the adoption of dApps (centralized applications) and DeFi (decentralized finance) solutions.
Jun 12, 2024MarketsArtificial intelligence (AI) and cryptocurrencies are two innovative fields that are pushing the boundaries of technology and are poised to shape the future. While these two areas are expected to contribute to economic growth independently of each other, a new report from asset management company Bitwise suggests that potential collaborations could produce even more striking results. According to the report, artificial intelligence and cryptocurrencies could add a total of $20 trillion to the global economy by 2030.
Jun 12, 2024MarketsBuilt on blockchain technology, Web3 aims to transform the internet with its decentralized structure and innovative applications. However, there are significant obstacles to this transformation.
Jun 12, 2024MarketsThe cryptocurrency market is brimming with exciting developments, and the popular memecoin Shiba Inu (SHIB) has been positioning itself for a new rise recently. It seems that 5thScape (5SCAPE), an innovative AR/VR project, lies behind this rise.
Jun 12, 2024MarketsSouth Korea's financial world was shaken by a stunning security breach at Woori Bank. An unnamed employee of the bank attempted to steal $7.3 million with the ambition of increasing his personal wealth by taking advantage of the rapid rises in the cryptocurrency market. This incident revealed the weaknesses in the internal security measures of not only Woori Bank but all financial institutions and the dangers brought by the increasingly popular cryptocurrency market.
Jun 12, 2024MarketsThe exchange-traded fund (ETF) world has become active again with the latest move by Tuttle Capital, known for its extraordinary offers. The company has applied for a new ETF that aims to invest by tracking stocks owned by members of the US Congress and their spouses.
Jun 12, 2024MarketsThe average monthly change in Bitcoin retail demand has decreased over the past month. According to one analyst, this could be a precursor to a price increase previously seen in early 2024. Average Bitcoin demand has fallen to a five-month low among retail investors, falling to levels last seen in January – resulting in a 75% increase over the next two months.
Jun 12, 2024MarketsSpot Bitcoin ETFs, an important step in the integration of Bitcoin into the world of traditional finance, continue to attract the attention of investors. However, who is driving this interest and the real motivations behind the clear entries raise questions. At this point, Real Vision CEO Raoul Pal made a striking claim: Nearly two-thirds of net inflows could be due to arbitrage trading.
Jun 12, 2024MarketsAfter months of heated discussions in the SushiSwap ecosystem, the decentralized exchange SushiSwap comes up with a brand new brand and business model. The project, which has entered a new era under the name Sushi Labs, replaces the decentralized autonomous organization (DAO) structure with a "council structure".
Jun 11, 2024MarketsBitcoin Suisse has issued a tokenized bond on the Obligate platform to raise new capital. Obligate is a platform that aims to transform capital markets using blockchain technology. Thanks to this platform, it becomes possible to move traditional bonds to the blockchain and trade them as digital assets.
Jun 11, 2024MarketsPolygon has taken an important step to accelerate the adoption of blockchain technology. Along with the Community Grants Program starting June 11, it will provide funds to developers to innovate on the network. This program aims to support the growth and strengthening of the Polygon ecosystem.
Jun 11, 2024MarketsThe cryptocurrency market has once again been on a bumpy ride, and Notcoin (NOT) has had its share of this journey. The NOTE price has fallen sharply in the last 24 hours, losing 15% of its value and currently trading at $0.016. Despite this decline, its market cap still hovers around $1.64 billion, keeping it as the 58th largest cryptocurrency. The decline was not only limited to the price, but the daily transaction volume also decreased by 14%, falling to the level of 700 million dollars.
Jun 11, 2024MarketsIn a statement published on Monday, the Federal Trade Commission (FTC) informed Americans about how they should behave if a romantic relationship they met online gives them investment advice.
Jun 11, 2024MarketsEuropol, the European Union law enforcement agency, has opened a new front in the debate on the regulation of cryptocurrencies. In its recently published report on cryptographic encryption, Europol expressed concerns about cryptocurrency mining and layer-2 blockchain solutions. Concerns have been raised that these technologies facilitate illegal activities by criminal elements and complicate the work of law enforcement agencies.
Jun 11, 2024MarketsWhile the cryptocurrency market has been experiencing fluctuations lately, Akash Network (AKT) has been on the rise. Akash, one of the leading players in the decentralized cloud computing industry, draws attention with the 9% increase in value of its native token AKT in the last 24 hours. This increase makes AKT one of the biggest gainers among the top 100 cryptocurrencies.
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