Blockchain

There is good news and there is even better news. The good news is that bitcoin has been doing relatively well as of late. The currency recently hit a six-month high and many investors are becoming more hopeful that the horrors of 2022 are finally being left behind for good. The even better news is that bitcoin adoption appears to be growing, as use of the Lightning Network has hit a new high. Use of the Lightning Network Is More Common Than Ever The heavy use of the...

CySEC directed FTX EU to halt all its operations on November 9, 2022. The European arm of FTX, FTX EU, has just opened a new website where customers in Europe may lay claims to their lost funds. The move, which is meant to give relief to customers, comes four months after the large-scale collapse of the FTX exchange in November. FTX EU Bags Regulatory Approval to Launch According to a Finance Magnates report, the new website was approved by the Cyprus Securities and Exchange Commission...

Milkomeda is working on a new feature that would allow Cardano users to use any EVM contract directly from any Cardano wallet. The Cardano blockchain has been recently working its way to becoming the top EVM chain in the crypto space. Milkomeda co-founder Sebastien Guillemot recently announced that the development can happen as early as next month. This is because Milkomeda is introducing a new feature that would allow Cardano users to use any EVM contract directly from any Cardano...

On Thursday, embattled ex-FTX CEO SBF pled not guilty to the latest federal charges, which he also does not acknowledge.  Disgraced former FTX CEO Sam Bankman-Fried (SBF) recently pled not guilty to five additional federal fraud and bribery charges. SBF appeared in a New York federal court on Thursday to plead not guilty to the latest charges related to FTX’s collapse. In a superseding indictment Tuesday, the Attorney’s Office for the Southern District of New York revealed the criminal...

Layer 2 scaling solutions have revolutionized the space with faster and cheaper transactions, as well as increased scalability and improved privacy and security. In a bid to increase its competitiveness against rival blockchain networks, a proposal has been submitted that aims to adopt a lower transaction fee cost on Binance Smart Chain (BSC). BSC Proposal The proposal, submitted on March 28th, highlighted the need for a more adaptive transaction cost distribution on the BSC...

Ranking as the sixth largest stock exchange in the European Union and second in Germany, Boerse Stuttgart is committed to doubling down on its track record concerning its new crypto service offerings. German stock exchange service provider Boerse Stuttgart Exchange has landed the license to offer a crypto custody service from the country’s top financial regulator BaFin. As reported by FinanceFeeds, the license will now position Boerse Stuttgart as a one-stop shop for service providers...

Bitcoin is still the world’s biggest crypto network. However, according to James O’Beirne – one of the asset’s top developers – the blockchain behind BTC could wind up faltering in the coming weeks unless people decide to step up and donate enough money that the remaining developers can get paid for what they do. Bitcoin Developers Need More Funds to Stay Afloat Who would have known that all the developers and other individuals working hard to bring bitcoin to fruition...

While there is a plan to set up a panel in April, the Japanese government is also launching a pilot program for the digital yen in the same month. As the race for digital currencies intensifies, the Japanese government is considering launching a panel to examine the practicality of the digital yen. The Finance Ministry is reportedly considering creating an expert panel in April to examine the feasibility of issuing the digital yen. Since the Bank of Japan began research on CBDC in 2020,...

The Radiant Capital-Binance Launchpool development reflects the growing dynamism in the exchange’s staking platform.  Decentralized, non-custodial lending protocol Radiant Capital (RDNT) has become the 32nd project onboarded to the Binance Launchpool. Reports say users can stake their Binance Coin (BNB) and TrueUSD (TUSD) into separate pools to farm RDNT tokens across 40 days. Farming commences on March 31st with a total Radiant Capital token supply of 1,000,000,000 RDNT. Binance also...

Injective – a  layer 1 blockchain – announced the first-ever Solana rollup launch for Cosmos. According to the official press release shared with CryptoPotato, the “Solana Sealevel Virtual Machine (SVM)” will be deployed within the Cosmos ecosystem with the help of roll-up provider Eclipse. By bringing the Solana development environment to the broader Cosmos ecosystem, the integration is aimed at bolstering growth and user adoption within the two ecosystems Solana-Cosmos...