The world of non-fungible tokens (NFTs) has gained immense popularity in recent years. However, it is not without its challenges. Scalability, security, and user-friendliness are some of the key concerns plaguing the NFT space. As the number of transactions increases, networks like Ethereum can experience slow speeds and high fees, leading to delays and frustration
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It has been a year since the demise of the FTX exchange, an event that had a significant impact on the cryptocurrency market. The collapse resulted in a loss of nearly $300 billion in market cap, affecting various cryptocurrencies. Tokens with deep financial ties to FTX, such as Solana (SOL), Serum (SRM), and the native
A recent study conducted by TRM Labs has shed light on the slowing growth rate of crypto-denominated fentanyl sales in 2023. This revelation marks a significant decline from the average growth rate of 155% recorded since 2019. Examining data from over 100 online vendors of fentanyl and its precursors, TRM Labs discovered that these sales
It was on Saturday, November 18th, 2023 when TG.Casino made its mark in the GameFi world by raising an impressive $2.5 million. This came just after raising $300,000 in a single day, leaving less than 50% of $TGC tokens available in its ongoing presale. The emergence of GameFi tokens, like Rollbit’s $RLB, has been a
Yearn.Finance’s governance token (YFI) has experienced a significant decline, plummeting over 43% in just five hours on November 18th. This sharp drop comes after the token rallied almost 170% earlier in the month, causing concerns among investors and sparking fears about a possible exit scam. The decline wiped out over $300 million in market capitalization
In a groundbreaking move, tech firm Republic has recently announced its mission to democratize private market investing. The company has selected Avalanche as the platform to launch its profit-sharing digital asset, the Republic Note (R/Note). This innovative digital security is backed by Republic’s extensive private equity portfolio, which encompasses over 750 assets. Choosing Avalanche: The
Fidelity, a renowned asset management firm with an impressive $4.5 trillion in assets under management, has recently joined the growing number of companies seeking approval for a spot Ethereum (ETH) exchange-traded fund (ETF). In a filing submitted to the United States Securities and Exchange Commission (SEC) on November 17, Fidelity outlines its plan to list
The road to approval for a spot Bitcoin ETF has taken an interesting turn as securities regulators are now instructing applicants to handle funds in a specific way. Bloomberg analyst Eric Balchunas reports that the SEC’s Trading & Markets division has engaged with exchanges regarding spot Bitcoin ETF 19b-4s, specifically advising them to consider cash
In a recent filing with the Securities and Exchange Commission (SEC), Fidelity Investments has applied for a spot Ethereum exchange-traded fund (ETF). This move comes shortly after Fidelity’s competitor, BlackRock, submitted a similar filing for its own spot Ethereum ETF. With the two largest asset managers in the world entering the cryptocurrency ETF race, the
Leading U.S. cryptocurrency exchange Coinbase has taken a significant step toward advancing the adoption of cryptocurrencies in commerce by launching its new open-source Onchain Payment Protocol. This innovative protocol, which is an update to Coinbase’s existing Commerce product, aims to simplify and standardize on-chain payments for various Ethereum Virtual Machine networks. The Coinbase Onchain Payment
