SOON closes funding round for Solana-based layer 2

AI-related tokens slumped as Nvidia’s Q2 earnings beat Wall Street estimates but failed to impress investors.

The hacker who stole $25 million in crypto on April 19 from decentralized finance, or DeFi, protocol, dForce, has since returned the money. Most signs indicate that this was due to the hacker accidentally leaking data which could have led to their identity being discovered. dForce has not issued any clarifying statements, despite mounting criticism…

An American rapper’s YouTube channel has reportedly been hacked to promote a fake ETH and BTC giveaway live stream that seems to have over 56,000 viewers. 794 Total views 7 Total shares The young artist, Keyshawn Butler, confirmed on his Instagram page that his YouTube page had been hacked on 7 January, although he seemed…

The Bitcoin (BTC) reserves of exchanges are continuing to drop, which suggests retail investors and whales might be accumulating.According to data from CryptoQuant, all exchanges’ reserves dropped to 2.4 million BTC, which is equivalent to $25 billion. In contrast, in October 2019, exchanges had around 2.8 million BTC, currently worth $30 billion.Bitcoin reserves on all…

The controversial crypto project’s launch has been marred into controversy, and it’s already facing investigations in nearly half a dozen countries. 295 Total views 7 Total shares The Worldcoin cryptocurrency project has run into another roadblock — this time in Kenya, where the government has formed a 15-member parliamentary committee to investigate the controversial asset.The Kenyan government…

Luxury fashion brand Alyx intends to use Iota’s distributed ledger technology (DLT) for supply chain tracking, cryptocurrency news outlet The Block reports on May 15.Per the report, Iota’s system will be implemented in partnership with global manufacturing company Avery Dennison to allow Alyx’s customers to have full insight into their supply chain. By scanning QR…

"While each component in this patchwork system makes some sense in isolation, collectively, there is substantial room for improvement." 2052 Total views 27 Total shares The United States Securities and Exchange Commission voted to amend a set of rules to simplify and improve the "overly complex" procedures for exempt securities offerings.According to an announcement Monday…

How many Big Macs does 1 Bitcoin buy, and why is this important? 1915 Total views 4 Total shares Measured in Big Macs, Bitcoin’s (BTC) purchasing power is approaching its highest level since the 2017 bull market, offering yet another indicator of the digital currency’s rapid appreciation.The global Bitcoin purchasing power index, or PPI, which…