The NEAR Foundation recently said it has let go of 35 workers as part of a realignment exercise that sees it “focus on a narrower and higher-impact set of activities.” The foundation’s CEO insisted that the job cuts did not in any way indicate that his organization was facing financial challenges. The NEAR Foundation’s Record-Breaking […]
Per data analysis, decentralized exchange (dex) platforms nearly reached a trillion dollars in trading volume, posting $ 960.69 billion over the past year. Moreover, dex activity in December exceeded the previous 2023 high of $ 132.26 billion, concluding the month with $ 135.86 billion in finalized swaps. Dex Platforms Rise to …
Economist Peter Schiff has warned that the U.S. dollar is “on the verge of a historic crash.” He stressed that there won’t be a soft landing for the U.S. economy, predicting a “crash & burn” scenario. Schiff highlighted the potential for increased inflation, rising interest rates, and elevated unemployment. “The economy is weaker than the […]
Near Foundation and Polygon Labs recently announced that they would build “a zero-knowledge (ZK) prover for WASM blockchains.” For WASM chains using the zkWASM prover, settling transactions will be more efficient and cost-effective with maximum security guarantees. Transaction Settling More Efficient and Cost-Effective Near Foundation, the organization supporting the development of the NEAR ecosystem, has […]
Solana surged to near a one-year high to start the week, as bulls pushed the cryptocurrency above the $ 35.00 level. Today’s surge comes as the global crypto market cap rallied, following a recent bout of consolidation. Avalanche also edged higher, surging by 5% today. Solana (SOL) Solana (SOL) was one of the notable …
Ethereum once again rallied above the $ 1,800 level on Monday, ahead of a highly significant week of U.S. economic data. Over the next few days consumer confidence, and nonfarm payrolls will be reported, ahead of a Federal Reserve policy meeting. Bitcoin continued to trade close to the $ 35,000 zone. Bitcoin On …
After a brief spell above $ 35,000 late on Wednesday, bitcoin retreated below this level during today’s session. Despite the decline, the cryptocurrency continues to trade close to an 18-month high on Thursday. Ethereum rose back above the $ 1,800 level. Bitcoin Bitcoin once again fell below the $ 35,000 level on …
Bitcoin remained near a two-month high on Tuesday, as markets digested the latest retail sales figures from the United States. Sales, which account for two thirds of the U.S. economy, rose by 0.7% in September, 0.4% higher than expected. Ethereum briefly rose above $ 1,600. Bitcoin Bitcoin continued to trade above $ 28,000 …
Bitcoin neared a two-week high on Thursday, as markets looked ahead to today’s retail sales report in the United States. Sales are expected to rise by 0.2% in August, a drop from a 0.7% increase the month before. Ethereum remained in the green, moving back above a key support point earlier in the day. Bitcoin […]
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 […]
Toncoin was a big mover on Thursday, as the token rose by nearly 4%, closing in on the $ 1.90 level in the process. The rally came despite crypto price consolidation, with the global market cap largely unchanged as of writing. Stellar also surged, remaining near a recent two-week high. Toncoin (TON) Toncoin …
Bitcoin plummeted below $ 26,000 to start the month of September, as markets waited for the latest non-farm payrolls (NFP) report. Payrolls in the United States were expected to fall to 170,000 for August, however came in at 187,000. Ethereum was also down on the news, falling below $ 1,700. Bitcoin Bitcoin slipped …
Dogecoin stayed close to a two-week high on Thursday, as markets rebounded from a slight sell-off during yesterday’s session. Traders moved to secure profits over the last 24 hours, following strong gains on Tuesday. Solana neared a drop below $ 20. Dogecoin (DOGE) Dogecoin (DOGE) remained close to a multi-week high during today’s session, …
Bitcoin extended recent declines on Thursday, as the cryptocurrency moved towards a two-month low. Bearish sentiment increased following the latest Federal Open Market Committee (FOMC) minutes, where the Federal Reserve hinted at further rate hikes. Ethereum fell below $ 1,800 today. Bitcoin Bitcoin (BTC) neared a two-month low during today’s session, as traders continued …
Trading will soon be halted for several popular cryptocurrencies on the Bitstamp exchange for users in the United States. Starting August 29, 2023, the exchange will suspend trading for AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL for U.S. customers, canceling all existing orders for those assets. After this deadline, U.S.-based Bitstamp users will no […]