Crypto news

TL;DR Polkadot has enhanced its network with Asynchronous Backing, increasing block production speed and capacity, aimed at improving support for complex Web3 applications. The native cryptocurrency, DOT, has seen a recent increase and is anticipated by analysts to potentially rise to the $10-$15 range in the coming months. Polkadot’s Latest Update Polkadot announced that Asynchronous Backing has been enabled on the network. The mechanism represents “an optimized approach...

[PRESS RELEASE – London, UK, May 8th, 2024] In a world where decentralized finance (DeFi) operates with unprecedented speed, transactions are completed in nearly real-time, and transaction fees are significantly reduced from current rates. This vision is not merely aspirational; it is the future being constructed by SolanaVM. SolanaVM focuses specifically on bridging the gap between Ethereum, the current leader in DeFi, and Solana, a high-speed blockchain network. The total...

The individual associated with a recent $71 million wallet phishing attack has finally begun transferring the funds to new addresses. The scammer’s wallet remained inactive for the last six days after converting the stolen 1,155 WBTC into around 23,000 ETH. Scammer Transfers Stolen Crypto The bad actor stole Wrapped Bitcoin (WBTC) on May 3 after creating a wallet address closely resembling the victim’s in an “address poisoning” scam. The address featured similar alphanumeric...

CoinspeakerUK Faces Tight Deadline for Stablecoin and Staking Legislation Ahead of Upcoming Election The government's initial focus on stablecoin and staking legislation could be the first step towards a comprehensive regulatory framework, as they've previously outlined a phased approach with stablecoins as the priority. UK Faces Tight Deadline for Stablecoin and Staking Legislation Ahead of Upcoming Election

CoinspeakerBitMEX Unites Forces with PowerTrade to Launch Deribit Challenger BitMEX said its options trading platform will offer a full range of institutional-grade options for digital assets. BitMEX Unites Forces with PowerTrade to Launch Deribit Challenger

Layer 2 networks have witnessed massive activity this year, even as their native tokens slumped amidst intense volatility across the broader market. These solutions have witnessed relatively steady activity since the beginning of the year. However, the latest analysis by IntoTheBlock revealed that Base continues to be the primary attraction for new capital. Investors Flock to Base Over the course of this week, net ETH deposits into the Base have exceeded 6,500 ETH, marking a...

TL;DR Solana (SOL) has demonstrated strong recent performance, with analysts like CryptoJack predicting new peaks before the end of 2024. The growth of Solana has been accompanied by the success of various meme coins on its network, such as WIF, whose market cap briefly surged to nearly $5 billion. SOL Bulls Predict Fresh Peaks Despite being in the red today (May 8), Solana (SOL) has been among the best-performing cryptocurrencies lately, registering a 20% increase on a...

Following a bounce from the lower boundary of the current price range at $6.4, Polkadot experienced a surge, reaching the upper threshold, coinciding with a significant resistance area. Consequently, a slight rejection is anticipated, with the price targeting the lower part of the range. Technical Analysis By Shayan The Daily Chart Upon close examination of the daily chart, Polkadot is observed to be moving sideways, oscillating between the notable support level of $6.4 and...

CoinspeakerCrypto Veterans Secure $28 Million in Funding Round for Arbelos Markets Led by Dragonfly Currently, Arbelos operates offshore through the British Virgin Islands. The company is also seeking a regulatory license from financial authorities in the region to enable it to operate without restrictions in compliance with local laws. Crypto Veterans Secure $28 Million in Funding Round for Arbelos Markets Led by Dragonfly

CoinspeakerTelos Secures $1M Investment from Presto Labs, Accelerating zkEVM Layer 2 Development This capital injection will be used to develop Telos' new zkEVM Layer 2 solution powered by SNARKtor technology. Telos Secures $1M Investment from Presto Labs, Accelerating zkEVM Layer 2 Development