Tag Archives: AA News

The Bitcoin ordinal inscription craze is back, and network transactions are surging as a result. On May 1, on-chain analytics provider Glassnode reported that daily transactions were approaching peak levels. The 30-day moving average for the metric had reached 348,700 daily transactions. Furthermore, the peak level was measured in 2017 when it reached 379,000 transactions per day on average. However, these figures are taken from moving averages. According to Blockchain.com,...

On April 27, Bitget announced it has pledged $10 million for the development of the Fetch.ai ecosystem. Bitget plans to provide a range of services to Fetch.ai, including marketing consultations and strategic directions. Fetch.ai provides a service automation infrastructure that is powered by an AI agent network. These autonomous agents perform various tasks, including data analysis and complex financial modeling. The move is the latest to latch on to an AI boom driven by...

In Avalanche’s fourth-quarter report shared with CryptoPotato, data and analytics platform Nansen reported a heavily volatile daily transaction count on the Avalanche C-Chain. The Avalanche C-Chain is essentially short for contract chain – which is the default smart contract blockchain on Avalanche. It allows the creation of any Ethereum-compatible smart contracts and runs complementary to the X-Chain, which is used to send and receive funds in the form of AVAX tokens....

The United Kingdom is gearing up for tax treatment of lending and borrowing on decentralized finance (DeFi) protocols. The country’s taxation division – HM Revenue and Customs – released a consultation document seeking views on modifying the tax treatment of DeFi lending and staking. The final decision on whether to proceed with legislative changes will be made after the consultation. This is the second stage of a five-step process and will be followed by drafting...

US payment giant Mastercard has dispatched a new Web3 solution that seeks to bring more trust to blockchain transactions. Dubbed ‘Mastercard Crypto Credential,’ the offering will establish a set of common standards and infrastructure that will “help attest to trusted interactions among consumers and businesses using blockchain networks.” Mastercard Crypto Credential In a blog post published on April 28th, Mastercard highlighted the need for trusted, compliant, and verifiable...

The past 30 days have seen a decline in trading volumes and prices of most non-fungible token (NFT) projects, likely due to the prolonged bear market of 2022 and the first quarter of 2023. According to data from blockchain analytics firm IntoTheBlock, only six of the top 20 NFT collections by market capitalization recorded increased trading volumes over the last 30 days. The remaining collections experienced a significant decrease, ranging from 20% to 99%. NFT Trading Volume...

Google Cloud announced plans to assist Web3 startups and projects to build and scale faster and more securely. The new offering expands on the existing initiative called – “Google for Startups Cloud Program” by including additional Web3-specific benefits. The Initiative According to the official press release, eligible Web3 technology projects and startups from pre-seed to Series A will be able to apply for the Google for Startups Cloud Program. Projects can also opt-in to...

A 49-year-old resident of Kolkata, India, reportedly drowned in the Hooghly River. The primary autopsy found no evidence of violence, suggesting he committed suicide.  The man supposedly invested in shares and bitcoin, hinting that a potential loss on his investment could be one reason behind his unnatural death. Another Indian Jumping off a Bridge A recent coverage informed that the Indian police found the body floating in the Hooghly River, several miles north of Kolkata....

The United States Department of Justice notified that the former chief financial officer of a special purpose acquisition company (SPAC) was sentenced to three years in prison after embezzling $5 million. The exec used to trade cryptocurrencies and “meme stocks” with the stolen funds. According to the official press release, US District Judge Paul A. Engelmayer imposed a sentence of 36 months in prison for the former chief financial officer of African Gold Acquisition...

After a turbulent 2022 owing to macroeconomic headwinds, Solana’s performance improved substantially in the first quarter of the year. Data suggested that its market cap increased by more than 118% QoQ along with the broader market. Furthermore, numerous ecosystem developments fueled fee payer and transaction activity during Q1. Solana’s Performance in Q1 Solana’s network outages previously sparked conversations around potential insolvency. But its performance stabilized...