While Bitcoin-based nonfungible token (NFT) sales have declined, and the network has dropped to seventh out of 23 blockchains in sales this past month, Ordinal inscriptions continue unabated. The number of inscriptions linked to the Bitcoin blockchain is nearing 30 million. On September 3, a record 418,240 inscriptions were minted, marking the second-highest daily rate […]
Base, the Ethereum layer two (L2) scaling solution supported by Coinbase, has experienced over $ 175 million funneled into its decentralized finance (defi) protocol since its creation. The majority of value locked comprises 75,244 ether and nearly $ 26 million worth of the USDC stablecoin. Coinbase’s Base Grows to $ 175 Million …
With the recent launch of Worldcoin’s token, worldcoin (WLD), Optimism has experienced a surge in daily transactions, reaching an all-time high on July 27. Data reveals that 944,000 Optimism transactions were processed on Thursday, with WLD transfers closing in on 1 million. WLD Token Arrival Spurs Transaction Surge on Optimism: New Milestone Reached The Ethereum […]
Authorities in Abkhazia are stepping up efforts to clamp down on cryptocurrency mining amid electricity shortages in the winter months. The government of the breakaway Georgian region announced it’s also taking measures to prevent imports of mining equipment. Abkhazia Creates Headquarters to Combat Illegal Crypto Mining Operations Police in Abkhazia …
On July 28, the bitcoin mining company Bitfarms announced the completion of the second phase of its facility expansion, by adding roughly 18 megawatts (MW) of capacity to the operation. The mining facility dubbed “The Bunker,†now has approximately 3.8 exahash per second (EH/s), after the 18 MW increase boosted the computational power by …
The Daily Today’s edition of The Daily covers everything from hardware wallets to fake volume on cryptocurrency exchanges. But to kick-start proceedings, we’ve got the first report on a survey in which a surprising proportion of freelancers express an interest in being paid in cryptocurrency. Also read: Swiss Crypto …
The Daily In this edition of The Daily, we cover the launch of an OTC trading desk by P2P exchange Hodl Hodl and news about a Belarusian exchange trading cryptocurrencies out of New York. We also take a look at Decentraland’s new voting platform that allows members of …