Tag Archives: AA News

According to the second annual Global Survey on Crypto and Web3 by Consensys, emerging markets are spearheading global cryptocurrency adoption. The report reveals that countries like Nigeria, South Africa, and the Philippines are driving significant growth in awareness, ownership, and participation in crypto-related activities. Emerging Markets at The Forefront The survey shows that 93% of people globally are aware of cryptocurrencies, with 51% claiming to understand them....

Leading Ethereum’s re-staking protocol, EigenLayer has unveiled its second EigenLayer Improvement Proposal (ELIP-002). The latest move is expected to be a significant step towards accountability and operational efficiency in its ecosystem. EigenLayer Releases ELIP-002 According to the official post, the proposal introduces a penalty mechanism, known as slashing, alongside two innovative concepts: Unique Stake and Operator Sets. Together, these features empower Application...

Ronin, the Layer 1 blockchain developed by Sky Mavis, experienced a significant 149% year-over-year increase in DeFi TVL, reaching $147 million in Q3 2024. There are several factors influencing this growth. One of the major catalysts was, however, the price surge of the RON token. Ronin’s DeFi, NFT Demand Grows According to Messari’s latest report, Ronin’s DeFi TVL rose from $59 million in Q3 2023 to $147 million in Q3 2024. The figure was boosted by a 30% increase in the RON...

Chinese fabless integrated circuit design company Nano Labs has announced the successful closing of a $36.25 million private placement. The transaction, which was first disclosed in November, involved the issuance of 5,611,459 Class A ordinary shares at a purchase price of $6.46 per share. The shares were priced at $6.46 each, and the transaction was structured to include payments in US dollars, Bitcoin (BTC), and USDT (Tether). The latest development comes just a day after...

The cryptocurrency arm of the American financial services company Robinhood has released its end-of-the-year report for 2024, outlining its growth and expansion to new markets over the past 11 months. Alongside the report release, Robinhood Crypto is celebrating the first anniversary of launching a digital asset trading division in Europe. Robinhood Releases End of Year Report According to the report, Robinhood Crypto recorded a notional trading volume of $119 billion and $38...

A recent endorsement by former Binance CEO Changpeng Zhao (CZ) of the blockchain-driven travel platform Travala has skyrocketed its AVA token by more than 300% in the last 24 hours. The surge also follows a series of announcements, including new market listings and milestone achievements for the company. CZ’s Influence On December 11, Travala reported that its annual revenues had reached $100 million, up from $59.6 million in 2023. This achievement was made possible by the...

Electric Capital’s 2024 Developer Report has revealed that for the first time since 2016, Solana outpaced Ethereum as the leading blockchain ecosystem for attracting new developers. The breakthrough highlights Solana’s rapid growth, with 7,625 new devs joining the network in the last 12 months, representing an 83% year-over-year increase. Rise in Developer Activity The report, released on December 12, looked at more than 902 million code commits across 1.7 million...

Hunter Horsley, CEO of Bitwise, announced that a Spanish bank has allocated 2% of its holdings to the Bitwise Aptos staking ETP. In a tweet, Horsley stated that the adoption of cryptocurrencies is accelerating as traditional financial institutions integrate more crypto-savvy investors. He noted that the investment, made through one of the bank’s funds, marks a significant step toward mainstream crypto adoption. The name of the bank has not been disclosed yet. Bitwise Asset...

Chainlink (LINK) has recently surpassed the $29 mark for the first time in 37 months. Over the past week, the native token of the decentralized oracle network posted a 21% gain. As a result, LINK has emerged as one of the best-performing altcoins in recent weeks. Whale and Shark Gobble Up LINK The surge is largely fueled by a significant increase in whale and shark accumulation, according to the latest analysis by Santiment. Over the past two months, wallets holding 100K or...

Vancouver’s city council has voted in favor of exploring the use of BTC in municipal finances, marking a significant step toward making the city “Bitcoin-friendly.” Mayor Ken Sim introduced the motion, which passed on Wednesday with strong support from six councilors. Two voted against it, and three were absent. Vancouver to Explore Bitcoin Integration The mayor’s initiative aims to explore Bitcoin as a potential safeguard against inflation and currency devaluation. In a...