Degen Chain user loses 90% funds during bridge transfer

The Ethereum sidechain will transition to a proof-of-stake network this August and become a full-fledged layer 2 based on Polygon’s zero-knowledge protocol in 2024. 337 Total views 2 Total shares Nonfungible token-focused blockchain Palm Network is about to become a great deal more accessible to users, with plans to transition into being a customized Polygon…

Tis’ the season of giving and with Christmas right around the corner, it’s time to get the holiday shopping out of the way. With the digital asset market having matured as much as it has, there are now crypto enthusiasts in virtually every family and friend circle across the globe. In this festive piece, we’ve…

European Stability Mechanism managing director Pierre Gramegna says a potential flood of US dollar-denominated stablecoin payment solutions could impact Europe’s monetary sovereignty. Finance officials in the European Union are concerned US President Donald Trump’s embrace of digital assets could affect Europe’s monetary sovereignty and financial stability. “The US administration is favorable toward cryptocurrencies and especially

Governor Díaz de León said Bitcoin resembles “a dimension of precious metals” when compared to the central bank’s fiat money. 476 Total views 13 Total shares The governor of the Bank of Mexico, Alejandro Díaz de León, dismissed Bitcoin’s (BTC) position as a reliable legal tender, citing price volatility as a major roadblock towards full-fledged…

Ross Ulbricht turns 36 years old today. This will be his seventh birthday in incarceration.Ulbricht is the convicted felon serving two life sentences plus 40 years for his role in creating the Silk Road, the online contraband market notorious for its associations with cryptocurrency. Ulbricht says Silk Road was initially envisioned as a libertarian paradise,…

The Monuverse is taking some of the world’s most precious monuments and preserving them forever as NFTs in the digital universe. The use cases of nonfungible tokens (NFTs) have evolved from pixelated punks and apes to real-world applications like real estate contracts and music royalties. Another use case is surfacing as the Monuverse uses NFTs…

Ethereum slips below $4,000 as an anticipated correction suddenly takes hold of crypto markets. 1558 Total views 63 Total shares Bitcoin (BTC) fell sharply on Oct. 27 as $60,000 finally gave way to two-week lows.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin bites into major buy walData from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $58,000…

A U.S. engineering firm awarded singer and entrepreneur Akon with a $6 billion contract to build a crypto city in Senegal. 1372 Total views 93 Total shares United States engineering firm KE International awarded Senegalese-American singer and entrepreneur Akon with a $6 billion contract to build a cryptocurrency city in Senegal.According to a June 4 announcement, KE International…

Cryptocurrency investment firm Maple Leaf Capital called ampleforth (AMPL), the token recently released in the first Bitfinex’s Initial Exchange Offering, “anything but stable” in a series of tweets published on June 27.While Ampleforth reportedly raised $4.9 million in 11 seconds in a Tokenex earlier in June, Maple Leaf Capital has said that the AMPL token’s…