Crypto news

Solana Labs’ mobile subsidiary, Solana Mobile, has announced the launch of its second crypto-focused smartphone, the Seeker, which will ship in 2025. The new device, unveiled during the Token2049 event in Singapore, promises hardware and software improvements over its predecessor, Saga. Seeker’s Capabilities “We’ve been deep in build mode for months, and we’re excited to show you what we’ve been working on. Introducing the next chapter of Solana Mobile: the Solana Seeker,”...

Blockchain detective ZachXBT has exposed another set of hackers who used a social engineering scam to steal over $240 million in Bitcoin from a wealthy victim. The investigator said that both his efforts and the criminals’ own blunders have already led to “multiple arrests and millions frozen.” Scammed For 4000 BTC In mid-August, the scammers targeted a single creditor to Genesis – the institutional Bitcoin trading desk that went bankrupt in early 2023. First, the scammers...

[PRESS RELEASE – Tecumseh, Canada / Ontario, September 19th, 2024] Agile Coretime Paves the Way for Polkadot 2.0 Improving the Network’s Scalability, Cost, Speed, and Flexibility The Polkadot community celebrates the release of its latest major product, “Agile Coretime”, as part of the ongoing Polkadot 2.0 upgrade. This new feature represents a significant advancement in how computational resources are allocated and managed within the Polkadot ecosystem, delivering...

[PRESS RELEASE – LAS VEGAS, United States, September 19th, 2024] Blockchain storage layer Xandeum has announced that it will reveal its blueprint for scaling Solana storage at Breakpoint 2024 on September 20, 2024. At the flagship Solana conference in Singapore, Xandeum will also share details of its new storage-enabled liquid staking program and officially announce the launch of the XAND token. Designed to overcome the limitations of Solana’s current storage model, Xandeum’s...

[PRESS RELEASE – Grand Cayman, Cayman Islands, September 19th, 2024] Aptos Foundation successfully hosted The Aptos Experience, a multi-day event held on September 5 and 6, 2024 in Seoul, South Korea to celebrate the ecosystem contributions shaping the future of Web3 on the Aptos blockchain. This flagship event attracted more than 700 pass holders from Web2 giants like Universal Pictures, Google Cloud, Franklin Templeton, Visa, and SK Telecom; leaders of Web3-native projects...

[PRESS RELEASE – Singapore, Asia, September 19th, 2024] Harvard Students and Alumni Launch Groundbreaking Native Bitcoin Blockchain Project at Harvard Innovation Labs to Tackle Global Debt Crisis   Launch of “New Bretton Woods Project” (NBW): A Harvard-led initiative, soon to be incubated at Harvard Innovation Labs, tackling the global debt crisis through decentralized finance (DeFi) solutions.  Native Bitcoin Stablecoin: NBW is developing a Bitcoin-backed stablecoin via BeL2...

TL;DR Shibarium saw a 70% spike in daily transactions, signaling renewed activity. SHIB’s price surged nearly 10%, but caution is advised due to possible overbought conditions. Finally a Resurgence Shiba Inu’s layer-2 scaling solution has seen low activity in the past several weeks, stalling its progress observed at the start of the year. However, some metrics have taken off in the last 24 hours. Data shows that the network processed 7,715 new transactions on September 18, a...

Despite a slowdown in Bitcoin (BTC) whale accumulation, the weekly net flows among these large holders (addresses with at least 1,000 BTC) have remained positive for nearly four months. Positive net flows indicate that more BTC is entering these wallets than leaving, suggesting potential buying pressure, while negative net flows mean more BTC is flowing out of these entities. Whales See Consistent Inflow According to data from IntoTheBlock, the weekly net inflow peaked at 27K...

Two of Bitcoin’s pre-eminent thought leaders are at odds with each other as to whether banks can – or should – provide sustainable yield on their customers’ BTC deposits. Michael Saylor – executive chairman of MicroStrategy, the world’s largest corporate Bitcoin owner – said in a recent podcast appearance that Bitcoin could become a form of “perfected capital” that also generates a return for its holders through digital banking services. By contrast, Saifedean Ammous – author...

Palo Alto-based crypto custody firm BitGo has launched a new stablecoin, USDS, that is set to go live in January 2025. The company says the stablecoin will be fully backed by U.S. dollars through a mix of short-term Treasury bills, overnight repos, and cash in a bid to ensure liquidity and minimize risk. New Approach to Stablecoin Rewards According to a September 18 statement from BitGo, its proposed offering will differ from existing dominant stablecoins like Tether (USDT)...