Bitcoin’s layer 2 Lightning Network has seen an estimated 1,212% growth in two years, with around 6.6 million routed transactions in August, a significant jump compared to August 2021’s 503,000 transitions, according to data from the Bitcoin (BTC)-only exchange River. In an Oct. 10 report, River research analyst Sam Wouters explained the jump in routed transactions — which use more…
Mainstream Bitcoin (BTC) adoption won’t happen until it bridges to the Ethereum Virtual Machine (EVM) — the first point of entry for many real-world assets moving on-chain, a Web3 executive argues. Speaking to Cointelegraph, the founder of cross-chain infrastructure firm Botanix Labs, Willem Schroé, claimed Bitcoin “needs to start playing in the EVM world” for it to build real-world use…
The United States economy seems like it is refusing to be derailed. It added a staggering 336,000 jobs in September, defying most expectations. This achievement becomes all the more remarkable against the backdrop of soaring yields on longer-term Treasury bonds and surging mortgage rates. The message embedded in the job data is crystal clear: the world’s largest economy continues to…
2Tezos is a lot like Ethereum. It is a platform to create smart contracts and Dapps that are censorship-free. As with the current iteration of Ethereum, Tezos runs on Proof-of-Stake. This means there is no crypto mining involved. It also features a governance model to ensure that people who own the coin have a say in decisions regarding the future…
October 10, 2023 Stocks in the US rose for the third straight day as the market continues to assess the effect of the Israeli-Hamas conflict. Bond yields fell as investors desired the safety of US Treasuries, and these falling yields helped to bolster the stock market. Today was the first day that Treasuries have been traded since the start of…
Japanese streetwear brand A Bathing Ape (BAPE) has its own metaverse play called the Bapetaverse, plus an upcoming collaboration with the Bored Ape Yacht Club. But BAPE is apparently keen not just on emerging tech, but nostalgic tech too—and has unveiled a new collab with Bandai’s classic virtual pet brand, Tamagotchi. BAPE and Tamagotchi have teamed up to launch co-branded…
Blockchain gaming firm Immutable is working with Amazon Web Services (AWS) to develop infrastructure solutions for the crypto gaming industry, Immutable announced Tuesday, in an effort to make it easier for developers to launch and scale their blockchain games. Immutable has joined AWS’s ISV Accelerate Program, a sales program for companies that use AWS services in their products. Game developers…
With the rapid expansion of artificial intelligence, environmental watchdogs are beginning to sound the alarm about the amount of energy artificial intelligence models consume. But such warnings need to be based on real numbers, and a new report by Digiconomist founder Alex de Vries attempts to quantify the growing environmental impact of AI. De Vries—who also tracks the energy consumption…
Bitcoin mining firm Hut 8 released an update on Tuesday detailing the efficiency of its Bitcoin (BTC) production as of last month. Having netted 111 BTC in September, the company—which trades on the NASDAQ under the HUT ticker—claims it didn’t sell a single satoshi during that time. “We are fortunate that, unlike some single-threaded miners, we do not need to…
Galxe is making users whole by 110% if they lost funds in a recent hack, the firm announced on Oct. 10. “We want to express our deepest gratitude to those who are standing by us during this difficult time,” the company said. Users’ funds will be automatically returned on Oct. 16 to the wallet addresses they were taken from unless…
