The Solana network appears to be struggling to keep up with a ravenous demand for memecoins, with data showing roughly 75% of transactions on the network currently failing. Roughly three-quarters of all transactions on the Solana network have been failing amid a deluge of activity brought by the recent memecoin mania on Solana; however, proponents…
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Key Points: Binance tightens KYC standards for users under its Binance Link Program, effective March 20, 2024. Sub-account holders failing to meet Binance KYC requirements risk full account restrictions by May 20, 2024. Exchange Link account holders must ensure compliance and provide necessary user information, with Binance communicating solely through them. Binance, one of the…
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While the halving is associated with Bitcoin bull cycles, the current rally is mainly driven by ETF inflows, argues Bybit’s Hao Yang. The Bitcoin price rallied approximately 650% since the last Bitcoin halving in 2020. If history repeats, Bitcoin could reach the $435,000 price level before the 2028 halving. Is BTC price headed to $435,000 by…
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Key Points: Binance executive sues Nigeria’s NSA and EFCC over human rights violations. The Nigerian government charges Binance with tax evasion amidst currency impact concerns. Legal proceedings are adjourned as executives seek release; the digital asset community demands freedom. Detained Binance executive Tigran Gambaryan has taken legal action against Nigeria’s National Security Adviser (NSA) and…
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Key Points: Wormhole is launching its W token airdrop on April 3, following a thorough audit by the Uniswap Foundation. The Wormhole airdrop aims to reward stakeholders, including ecosystem users and active participants, with 617,305,000 W tokens. Eligibility for the airdrop is based on user interaction with the ecosystem. Wormhole, a prominent solution facilitating asset…
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Key Points: Ethereum co-founder Vitalik Buterin praised Worldcoin’s efforts to address privacy concerns by minimizing data collection. The Worldcoin system design has garnered attention, with over 4.5 million individuals participating worldwide. On March 29, Vitalik Buterin, co-founder of Ethereum, commended Worldcoin for addressing privacy concerns by adopting a more data-minimal approach. Buterin Applauds Worldcoin System Design Privacy…
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Key Points: KuCoin airdrop worth $10 million in Bitcoin and its native KCS token will be launched following DOJ charges against the exchange and its founders. CEO Johnny Lyu expresses gratitude to users amidst regulatory concerns. There were capital outflows of $1.78 billion from KuCoin’s Ethereum and EVM chains and a significant drop in the price of…
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The new milestone was reached shortly after the launch of BlackRock’s first tokenized asset fund — BUIDL, which joined 16 other tokenized government securities funds last week. More than $1 billion worth of United States Treasurys now exist across Ethereum, Polygon, Solana, and other blockchains, helped in part by the recent launch of the BlackRock USD…
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Coinbase’s move on-chain will carve a path toward a future on-chain financial system, claimed Bankless podcast co-host David Hoffman. Coinbase will start moving more of its customer and corporate USD Coin (USDC) stablecoin accounts to Base — its Ethereum layer-2 blockchain launched a little over seven months ago. Coinbase vice president Max Branzburg posted to X on March 26…
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Marathon Digital explores the potential of “block art” by using its mining pool to craft the order of transactions in a block. A Bitcoin Core contributor has immortalized Marathon Digital’s logo into the data visualization of a Bitcoin block by using the mining firm’s template building tools. X user Portland.HODL laid claim to the intriguing…
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