Crypto Biz: Axelar’s new interoperability stack goes live
With dozens of layer-1 blockchains on the market, communication between networks has become a significant pain point for the broader adoption of Web3-based applications.
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Bitcoin network transaction fees temporarily soar to nearly $52
The network is currently experiencing temporary congestion due to over 300,000 unconfirmed transactions waiting to be processed on Friday morning.
Community fires back at anti-crypto letter sent to US lawmakers
Tech lawyer Preston Byrne blasted the signatories, describing some of them as “unapologetic attention seekers.” 344 Total views 29 Total shares The increase of crypto lobbyists recently sparked an effort from anti-crypto individuals in the tech space to urge regulators through a letter to resist the influence of blockchain advocates. In response, the crypto community…
Yield-generating stablecoin project Origin Dollar exploited for $7M
Origin Protocol has announced its yield-generating stablecoin protocol, OUSD, has been hacked and drained of at least $7 million 1105 Total views 14 Total shares Origin Dollar (OUSD), the yield-generating stable token launched by Origin Protocol in late-September, has been hacked to the tune of $7 million.On Nov. 17, Origin Protocol founder Matthew Liu announced…
Square’s Cash App raises minimum Bitcoin withdrawal to 0.001 BTC
A 0.01 BTC withdrawal is equivalent to around $51.80 based on current prices. 1263 Total views 12 Total shares Square's Cash App, a Bitcoin-friendly mobile payments platform, has raised its minimum withdrawal requirements for BTC holders.The minimum withdrawal amount for Bitcoin accounts is now 0.001 BTC, or 100,000 satoshis, compared with 0.0001 BTC, or 10,000…
Telsa hints it may soon resume support for crypto payments
Tesla believes cryptocurrencies could emerge as a “liquid alternative to cash” over the longer term. 1385 Total views 70 Total shares Tesla, the majo electric vehicle manufacturer headed by Dogecoin proselytizer Elon Musk, has hinted that it may soon look to restore support for crypto payments.In a September quarterly filing with the U.S. Securities and…
Goldman Sachs dismisses AI bubble, predicts upcoming revolution
According to Goldman Sachs, the current period is the early phases of a new technology cycle, which is poised to deliver additional strong performance. Goldman Sachs has firmly maintained that an artificial intelligence (AI) bubble doesn't exist, despite concerns persist among analysts regarding the significant surge in AI market interest and the resulting spike in
At least 3 nations to replace their currency with CBDC by 2030: report
Three to five nations worldwide will entirely replace their fiat currency with a central bank digital currency, or CBDC, by 2030, a European think tank predicts.Dutch fintech-focused non-profit think tank dGen released a report devoted to geopolitical trends of CBDCs on Sept. 9.Titled “Report on Geopolitical Ramifications of CBDCs,” the 30-page report takes a deep…
The Open Network experiences another network outage
According to Tonscan, the last transaction on the network came from an address ending in 'J37’, and the last workchain block at 45,350,522.