Blockchain

Following the recent rally of the broader crypto market, a large percentage of the circulating supply of most cryptocurrencies is currently in profit. Market intelligence platform Santiment has revealed that bitcoin (BTC) and ether (ETH) are the top dogs in terms of long-term investment profitability, surpassing assets like Chainlink (LINK), Dogecoin (DOGE), Ripple (XRP), and Cardano (ADA). Crypto Assets in Profit The percentage of a cryptocurrency’s supply in profit is...

[PRESS RELEASE – Kyiv, Ukraine, June 7th, 2024] Online Marathon 2024 will take place from June 20 to 22. The event is part of the Ukrainian Blockchain Week event. Among the participants are representatives of Hacken, Near Protocol, Binance, Solana Foundation, 1inch, Polkastarter, Consensys and many other guests. The Online Marathon 2024 event, which Incrypted team is organizing as part of Ukrainian Blockchain Week, will take place from June 20 to 22, 2024. This online...

Cardano founder Charles Hoskinson has dismissed claims that the network suffers from weak fundamentals. He criticized media outlets for their continued negative portrayal of the ecosystem, asserting a stark contrast between the reality of Cardano’s progress and the media’s depiction. Cardano Founder Refutes Media’s Gloomy Forecasts In a sharp rebuke this week, Hoskinson accused the media of wrongly predicting the downfall of the blockchain network and affirmed that the...

[PRESS RELEASE – Tortola, British Virgin Islands, June 6th, 2024] With a long awaited anticipation, June 3rd marked a groundbreaking moment in the world of online entertainment as Galactix.io announced the official launch of the new crypto-gaming casino platform. This platform brings a new style of gaming to the casino world along with classic favorites, unique visuals and the exciting world of cryptocurrency. Galactix is designed for the rapidly growing community of crypto...

Chainlink (LINK), the native token of the decentralized blockchain oracle network built on Ethereum, has emerged once more as the top real-world asset with the most development activity in the last 30 days. According to a tweet by Santiment, LINK is followed by Synthetix (SNX), Centrifuge (CFG), and Oraichain (ORAI). Top RWAs With the Most Development Real-world assets are cryptocurrencies that represent physical assets like properties and objects. Like other crypto assets,...

[PRESS RELEASE – Victoria, Seychelles, June 5th, 2024] Margex, a cryptocurrency trading platform, is excited to announce a $5 million airdrop of Bome (BOME) tokens. Margex is offering users the chance to earn a share of a $5 million Bome (BOME) memecoin airdrop. Users with the highest trading volumes between June 5 and June 17, 2024, will have the opportunity to win part of this $5 million Bome (BOME) airdrop. Bome (BOME), also known as Book of Meme, is a cryptocurrency...

Avail, a project bringing a data availability layer network to the growing modular blockchain ecosystem, has secured $43 million through Series A funding from Cyber Fund. The project will compete with other big names in the DA niche like Celestia. Founded by Polygon co-founder Anurag Arjun, Avail looks to address the scalability issues associated with present-day blockchain builds. The project will ensure newly developed layer 2 networks move away from monolithic builds and utilize its data...

Polygon Labs has acquired Toposware, a Zero-Knowledge (ZK) startup, which has been working on its type 1 prover technology for some time now. The acquisition comes as Polygon Labs’ third one – it has acquired Mir Protocol and Hermez Network. It paid over $650 million in total for both those projects. With the Toposware acquisition, Polygon Labs’ investments in the ZK ecosystem go beyond the billion-dollar mark. The company has focused on delivering scalable technologies to improve the user...

TL;DR Polkadot Blockchain Academy launched its fifth cohort in Singapore to nurture developer talent with 184 lecture hours and 18 experienced instructors. Polkadot recently introduced Asynchronous Backing for better block validation and partnered with Founder Institute for a Web3 cohort. Despite those advancements, DOT’s price remains steady at around $7, with mixed future predictions. The Latest Update According to a document shared with CryptoPotato, Polkadot Blockchain...

Sam Kazemian, founder of Frax Finance, has alleged that an inside job at X was responsible for the hack of the project’s official account. The breach, which occurred on June 1, led to the decentralized stablecoin protocol behind FRAX USD losing access to its X account. Frax Finance Hack In a Telegram post dated June 3, Kazemian mentioned that the Frax Finance team is “reasonably sure” they have identified the perpetrator, described as a “serial scammer” known to blockchain...