On Mar. 26, an open letter signed by 34 crypto companies urged the U.S. senators and congressmen to correct the code interpretation by the Department of Justice, where the DOJ suggested that web3 developers like the Tornado Cash team were involved in “unlicensed money transmitting business” simply through creating an open-source software. The letter doesn’t…
Web3 privacy protocol COTI said on March 26 it has launched its mainnet, unveiling a new Layer 2 network designed to enable Privacy-on-Demand for decentralized applications and institutional users. Coti spent more than two years developing its mainnet and it is now positioned as a major player within the confidential blockchain infrastructure industry. Developed in…
Bitcoin’s next breakout will likely require more than just liquidity growth, as analysts question its impact. Bitcoin (BTC) may stay in consolidation as analysts question whether liquidity growth alone can drive a rally, noting that while global liquidity often rises alongside BTC’s price, the connection might not be as strong as some traders think. https://twitter.com/Matrixport_EN/status/1905530301952229749/…
Lightning Network is a Bitcoin blockchain layer-2 solution. Blockchain scalability is mostly dependent on layer-2 solutions. Because Lightning Network is associated with Bitcoin (BTC) and can contribute utility value to the chain, it is one of the most important layer-2 solutions. In this article we will learn what is the Lightning Network, how it works,…
Velar has officially launched the world’s first decentralized perpetuals exchange built natively on Bitcoin. Velar, a DeFi infrastructure platform focused on building advanced trading products and user interfaces for Bitcoin-secured assets, said its new product marks a new chapter in Bitcoin (BTC)-based decentralized finance. Deployed on Stacks, a Bitcoin layer 2, the platform allows users…
Coinbase has announced its support for Celo’s migration from a standalone Layer-1 blockchain to an Ethereum Layer-2 network. The transition is set to begin on March 25 with Coinbase temporarily suspending deposits and withdrawals of Celo’s native token, CGLD, during the upgrade. Celo’s move to Layer-2 aims to leverage Ethereum’s (ETH) robust security and…
Bitcoin and many altcoins cautiously bounced back on Wednesday ahead of the Federal Reserve interest rate decision. Bitcoin (BTC) rose to $84,500 as it struggled to move above the psychological barrier of $85,000. Other top-performing blue-chip cryptocurrencies were Uniswap (UNI), Stellar (XLM), Algorand (ALGO), and Pepe (PEPE). Uniswap jumped 12% to $6.90, while Stellar climbed…
SHIB just broke out of a weeks-long downtrend, thanks to a surge in its burn rate and growing investor interest around new developments in its ecosystem. Shiba Inu (SHIB) rallied 10% to an intraday high of $0.00001485 on March 26, with its market cap seated at $8.6 billion, flipping major players like Sui (SUI) and…
Shiba Inu’s price has crashed into a bear market this year, wiping out $12 billion as its market cap dropped to $7.4 billion. Shiba Inu (SHIB) retreat happened as Bitcoin (BTC) and other meme coins amid concerns about a potential self-inflicted recession in the U.S. There are signs that the ongoing SHIB price crash may…
Shiba Inu price remains in a deep bear market after crashing by over 50% from its highest level in November last year. Shiba Inu (SHIB), the second-biggest meme coin, has crashed to $0.00001610, and the downward trend may continue after it formed a death cross. Shibarium TVL has crashed Third-party data shows that the total…
