Year: 2024

In a recent development, Espresso Systems has announced the acquisition of $28 million in Series B funding, aimed at strengthening Ethereum’s Layer 2 solutions. The funding round, spearheaded by a16z crypto, saw participation from various key players in the industry, including Polygon, Taiko, o1Labs, StarkWare, Offchain Labs, and other strategic investors and contributors, as outlined…

Solana (SOL) has emerged as the standout blockchain of the year, capturing almost half of the global crypto community’s focus on chain-specific narratives, as per CoinGecko’s analysis. This dominance is attributed to SOL’s remarkable resurgence, soaring back to its 2021 highs. Its ascent is further bolstered by the impressive performance of prominent project tokens like…

Amidst the ongoing crypto price decline, both Polygon (MATIC) and Kaspa (KAS) have experienced notable drops. Despite this, optimistic forecasts regarding MATIC’s price trajectory and Kaspa’s potential for a substantial price surge have positioned them as favored options for investment during this market downturn. Additionally, experts have identified Scorpion Casino (SCORP) as a promising candidate…

Following the collapse of the bankrupt crypto exchange FTX, former customers found themselves facing uncertainty regarding the fate of their funds. However, they have managed to turn their misfortune into a potentially lucrative opportunity. Under the leadership of individuals like Louis d’Origny and Ramnik Arora, who formerly served as FTX’s head of product, this group…

Yield Guild Games (YGG), a decentralized gaming startup, recently made waves by launching its YGG token on the Ronin network, a move aimed at broadening its reach within the Web3 community and attracting a more extensive pool of gamers. The decision to introduce the YGG token on the Ronin network was endorsed by Sky Mavis…

The Super Sushi Samurai (SSS) game encountered a severe security breach, causing a staggering 99.9% decline in its token’s value. Exploiting a double-spending glitch within the game, unauthorized withdrawals amounting to $4.8 million were made from its liquidity pools. This vulnerability, stemming from flaws in the project’s smart contracts, enabled users to manipulate their token…

The Estonian government has enacted legislation transferring the oversight of cryptocurrencies to the Financial Supervision Authority (FSA) effective from 2026. This bill is designed to regulate domestic cryptocurrency service providers, aiming to bring order to the emerging market. According to reports from local media on Thursday, the proposed law will impose stricter operational and reporting…

In the ever-evolving landscape of cryptocurrency, the rise of memecoins has sparked a frenzy of activity, catapulting the Solana blockchain into the limelight as the epicenter of this cultural and financial phenomenon. Memecoins, characterized by their playful and often whimsical nature, have garnered unprecedented mainstream attention, with some newcomers swiftly ascending to the ranks of…

Are you experiencing a surge in bullish sentiment? Today, the landscape of the cryptocurrency market has undergone a remarkable transformation as traders eagerly seized upon buying opportunities, propelling a staggering 90% of the top 100 coins by market capitalization to soar in price over the past 24 hours. In the wake of recent turmoil, characterized…