Month: January 2024
What sets parallel EVMs apart from Arbitrum Stylus?
Rachel Bousfield, Offchain Labs’ tech lead, clarifies misconceptions surrounding the effectiveness of parallel EVMs. Parallelizing the Ethereum Virtual Machine (EVM) has garnered attention in the cryptocurrency space recently. This approach aims to boost transaction throughput and blockchain scalability by processing multiple transactions simultaneously, rather than sequentially. However, Rachel Bousfield, Offchain Labs’ tech lead, suggests that…
Could Charles Schwab’s Consideration of a Bitcoin ETF Transform the Game for Retail Investors?
The Charles Schwab Corporation, a leading brokerage firm, is reportedly on the brink of introducing a spot Bitcoin exchange-traded fund (ETF), a development that could have significant implications for both retail investors and the broader financial landscape. Simplifying Entry, Mitigating Concerns: Experts in the industry view this move as a potential game-changer for retail investors…
Billionaire Bryan Johnson Elevates Crypto and Longevity with DRiP Collaboration on Solana
Billionaire biohacker Bryan Johnson is reinforcing the intersection of cryptocurrency and longevity by actively sponsoring an NFT airdrop through his Blueprint project. This initiative involves a collaboration with DRiP and digital artist Degen Poet, leveraging the Solana blockchain. The Blueprint collection, comprising three pieces, was released as a free airdrop specifically for DRiP holders. Johnson…
With an innovative cross-chain wallet, Magic Eden enhances user accessibility.
The introduction of a multi-chain wallet by Magic Eden, a leading NFT marketplace, signifies a significant milestone. This innovative tool is crafted to accommodate various prominent blockchains such as Solana, Bitcoin, Polygon, and Ethereum. The launch represents a crucial step in Magic Eden’s continuous expansion and diversification within the digital asset realm. Improving the user…
Grayscale’s Bitcoin ETF Faces Persistent Outflows Amidst Market Dynamics Shift
Despite a significant slowdown throughout last week, Grayscale’s Bitcoin ETF (GBTC) continued to experience greater outflows than inflows into other funds, as reported by digital asset manager CoinShares on Monday. GBTC, acknowledged as the largest and longest-running Bitcoin fund, recently transitioned into an ETF from a closed-end structure. Despite this conversion, the fund faced substantial…
Could the BONK meme overshadow Shiba Inu as SHIB whales go into hibernation?
summary In the past year, BONK, a memecoin built on Solana, has surged by 1,011%, surpassing SHIB and DOGE in certain metrics The coin’s Relative Strength Index is under 50, indicating buyer disinterest, but one whale still holds $3.6 million in BONK coins. Recent data suggests that SHIB whales are accumulating coins in anticipation of…
Wen Meme Coin Faces Sharp Drop Following Burn Announcement
The Wen meme coin experienced a significant price drop on Monday as traders grappled with how to assess the news that 27% of the token’s airdropped supply would be burned. The Solana-based token found itself trading more than 30% below its daily high around the time of the announcement. This decline was largely attributed to…
Anthony Scaramucci Forecasts Bitcoin Surge to $170,000 Post-Halving, Cites Historical Trends and BlackRock’s Evolution.
Skybridge Capital founder and managing partner, Anthony Scaramucci, anticipates a significant surge in Bitcoin (BTC) prices, projecting a minimum of $170,000 after the upcoming halving in April. During an appearance on the Scott Melker podcast, Scaramucci drew attention to historical Bitcoin halving cycles, emphasizing that the price tends to increase fourfold 18 months after the…
Anticipation of unlocking $81 million worth of tokens next week.
Optimism, a scaling solution built on Ethereum, is set to unlock approximately $81 million worth of OP tokens on January 29, 2024, as reported by Token Unlocks. Token unlocking events, common among crypto projects, involve gradually releasing reserved tokens to avoid potential market destabilization caused by sudden large-scale token liquidation. However, such events can sometimes…