Polkadot Launches Most Important Upgrade

Polkadot Asynchronous Backing

Polkadot is expecting to overhaul its Relay Chain protocol in the near future; however, before that happens, it has made a very important upgrade. The protocol called the latest upgrade “Asynchronous Backing,” an optimized approach for how parachain blocks are validated by the Relay Chain. How will Polkadot benefit? Upgrades on Polkadot are not new as several referendums are being voted on regularly. With Asynchronous Backing, the Relay Chain becomes 2x faster in block production. Additionally, it now becomes 3-5x more extrinsic per block, with a 6-10x boost in blockspace…

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Mastercard, US Banks Test Tokenized Asset Settlement

Mastercard a americké banky testují vypořádání tokenizovaných aktiv

Mastercard is collaborating with US institutions to test shared-ledger technology for settling tokenized assets like commercial bank money. In order to test shared-ledger technology with the intention of facilitating the common settlement of tokenized assets, Mastercard Inc. has embarked on a groundbreaking collaboration with some of the top institutions in the United States. Mastercard Collaborates To Test Tokenized Asset Settlement These assets include commercial bank money, Treasury-issued securities, and investment-grade debt securities. The endeavor, known as the proof-of-concept for the Regulated Settlement Network aims to replicate transactions in US dollars.…

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Crypto Venture Capital Surpasses $1 Billion Mark for Second Consecutive Month

blockchain

For the second month in a row, venture capital investment in the cryptocurrency sector has exceeded $1 billion, indicating the market’s continuous expansion. April saw a total of $1.02 billion raised over 161 investment rounds, somewhat less than the previous month’s $1.09 billion from 186 deals. This achievement is a significant milestone, matching the highs achieved in October-November 2022. This accomplishment was made possible by notable fundraising efforts. Securitize, a real-world asset tokenization company, has received a $47 million investment headed by BlackRock. Monad, called the “Solana killer,” got a…

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Trader earns $23M flipping Solana memecoins

Bonk buys and sells from the crypto wallet called paulo sol

The trader received a $6.28 million payday trading BONK, $9.51 million trading WIF and $7.04 million with BODEN. A memecoin trader cashed out millions in profits from several positions on meme-themed tokens in Solana. On April 26, blockchain analysis firm Lookonchain flagged the movements of a trader with the Solana Name Service account called “paulo.sol.” The crypto wallet realized profits on meme tokens like Dogwifhat (WIF), Jeo Boden (BODEN) and Bonk (BONK). The trader got into BONK as early as Nov. 11, 2023. The user noticed that the memecoin was…

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Shiba Inu Team Announces Significant Network Upgrade

Shiba Inu Team Announces Hard Fork

Shiba Inu development team is here with exciting news in the crypto world. Accordingly, it was announced that the Shibarium network is set to undergo a transformative hard fork on May 2nd. This update aims not only to enhance the user experience but also to strengthen the expanding ecosystem of the network. Shiba Inu Team Announces Hard Fork The upcoming changes have been detailed through a series of detailed messages and an in-depth official blog post. The development team describes this upgrade as an evolutionary step for Shibarium, offering new…

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London Stock Exchange (LSE) To Accept Bitcoin Exchange-traded Notes (ETNs) Applications

The London Stock Exchange (LSE) released a “crypto ETN admission factsheet” showcasing its decision to accept applications for Bitcoin exchange-traded notes (ETNs). The move comes as part of the LSE’s efforts to expand its offerings and provide investors with exposure to bitcoin. Bitcoin exchange-traded notes are financial instruments that track the price of Bitcoin and are traded on traditional stock exchanges. By allowing the listing of Bitcoin ETNs, the LSE would be providing investors with an opportunity to gain exposure to BTC through regulated and familiar investment vehicles. “The proposed…

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The 4th Bitcoin Halving Explained

Halvings and Miner Revenue

Sometime in April 2024, the reward that cryptocurrency miners receive for mining bitcoin (BTC) will go from ₿6.25 to ₿3.125, with significant consequences for the world’s most valuable digital currency. To help understand this quadrennial event, we’ve teamed up with HIVE Digital to take a deep dive on historical bitcoin data from Coinmetrics to see what the three previous halvings might tell us about the fourth. Bitcoin Explained But to understand halvings, we first need to take a step back to talk a bit about how the Bitcoin network works.…

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BlackRock and Fidelity’s spot bitcoin ETFs nab 69% of market share

Spot Bitcoin ETF Volume Market Share

Grayscale’s market share of cumulative spot bitcoin ETF trading volume dropped to its lowest point last Friday as rival products offered by BlackRock and Fidelity added to their assets under management. With about $30 billion already under management when its spot bitcoin ETF started trading in January, Grayscale’s fund had dominated total daily trading volume. That dominance, however, showed signs of weakening when Grayscale’s ETF closed out Friday, capturing less than 20% of the total trading volume for the first time since the new products launched. Meanwhile, BlackRock and Fidelity’s…

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MicroStrategy Buys 12,000 More Bitcoin, Now Holds 205,000 BTC

Bitcoin BTC MicroStrategy price

Michael Saylor, founder and executive chairman at MicroStrategy, spotlighted this in a post on X today. This disclosure follows the company’s announcement on March 4 regarding their intention to invest $600 million, derived from the sale of convertible notes, into acquiring Bitcoin. For the uninitiated, convertible notes are financial instruments that companies use to raise funds. Essentially, they are loans that can be converted into company stock at a later date. MicroStrategy has now announced the purchase of more Bitcoin tokens a few days after the convertible notes disclosure. The…

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MicroStrategy’s X Account Compromised

hacker security crypto X

MicroStrategy’s X account has been hacked, with malicious links posted to a fake airdrop of a so-called “official” Ethereum-based MSTR token. Users who clicked on the links were directed to a copycat MicroStrategy webpage that prompted them to connect their wallets and claim the fake airdrop. Once users granted the necessary permissions, the attackers were able to automatically drain their wallets. According to blockchain sleuth ZachXBT and anti-scam platform Scam Sniffer, losses from the scam have already exceeded $440,000. One user alone lost over $420,000 worth of altcoins, including wBAI,…

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Shiba Inu leads innovation with DN404 token standard test

Sheboshis

The Shiba Inu project has recently announced its foray into a new phase of innovation and experimentation. This development comes as the project becomes one of the initial testers of the DN404 standard, a novel hybrid token standard designed to amalgamate the features of fungible tokens (like those following the ERC-20 standard) and non-fungible tokens (NFTs, as per the ERC-721 standard). The initiative marks a significant milestone for Shiba Inu, reflecting its continuous pursuit of pushing the boundaries within the decentralized ecosystem. The DN404 standard, abbreviated from “Divisible NFT-404,” aims…

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Bluesky, Decentralized Social Project Is Open to Public

Bluesky social app

Bluesky, a decentralized social application backed by Jack Dorsey, the founder of Twitter, has officially launched for public use. This micro-blogging platform aims to establish itself as an alternative to X, previously known as Twitter and now owned by Elon Musk. Bluesky Faces Challenge in Social Media Landscape As the decentralized social media platform Bluesky opens its doors to the public, it grapples with the daunting task of carving out its niche in a crowded market dominated by giants like Twitter and Mastodon. Despite amassing approximately 3 million sign-ups during…

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Monero (XMR) To Be Delisted On Binance

Monero crypto Binance

In a surprising move, Binance, one of the leading cryptocurrency exchanges, has announced that it will remove four altcoins from its platform starting February 20th. The affected coins are Aragon (ANT), Multichain (MULTI), Vai (VAI), and the privacy-focused Monero (XMR), which has attracted the most attention. While the exact reasons for these removals remain unclear, it has sparked speculation and concerns about the changing rules for cryptocurrency exchanges. Privacy Worries and Regulatory Pressure Experts believe that Monero’s ability to keep transactions private might be a reason for its removal. Monero…

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A computer scientist says he is the mystery creator of bitcoin

Bitcoin Satoshi Nakamoto

One of the enduring mysteries of the cryptocurrency industry took centre stage Tuesday in a London court where a trial could finally settle the debate over the identity of bitcoin’s founder. Australian computer scientist Craig Wright entered the witness box at the High Court and testified he was the man behind “Satoshi Nakamoto”, the pseudonym that has masked the identity of the creator of bitcoin. Wright has long asserted that he is Nakamoto. A non-profit group of technology and crypto companies is trying to prove he is not. The trial…

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Moody’s unveils service that uses AI to predict stablecoin depeggings

Schematic of Moody’s Digital Assets Monitor

Moody’s Analytics is launching a new stablecoin service that will use AI to predict probable depeggings “in a 24-hour time horizon” while providing real-time insights about stablecoin issuers’ liquidity and stability. The stablecoin market is getting stabler, Moody’s observed in its Nov. 6 announcement for the launch of Digital Asset Monitor (DAM). So far in 2023, there have been 1,914 depeggings, 609 of which were fiat-backed large-cap stablecoins. This compares with 2,847 in all of 2022, 707 of which were large-cap. While some correlation to rising interest rates can be…

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