Author: CRYPTO WORLD

April 2024 stood out significantly due to the Bitcoin Halving event and the introduction of BTC Spot ETF, which contributed to a surge in fund inflows. As the market navigated this momentum, Bitget witnessed growth in its futures trading volume, while its Bitget Wallet community eagerly anticipated the highly anticipated BWB airdrop. Furthermore, in terms of ecosystem expansion, Bitget launched PoolX and Pre-market for token listings and actively participated in events like BlockchainLife and Token2049 in Dubai. Notably, Bitget’s spot trading volume surged by over 30%, accompanied by a remarkable…

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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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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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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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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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