Bitcache founder Kim Dotcom, who faces a slew of charges over his controversial file-sharing website Megaupload, will be extradited to the United States after a more than decade-long tussle with American authorities. However, Dotcom claims he has a “plan” to avoid the maneuver. New Zealand Justice Minister Paul Goldsmith signed an extradition order for Dotcom, ending a 12-year legal battle…
Month: August 2024
Chainlink Integrates Data Streams and VRF on Base Blockchain
Chainlink has expanded its offerings on the Base blockchain by launching its Data Streams and Verifiable Random Function (VRF) services. This development ensures that the full suite of Chainlink products is now accessible to developers using Base, a layer-two (L2) blockchain built on Ethereum. Chainlink Expands Services on Base Blockchain The recent integration of Chainlink’s […] Source: https://news.bitcoin.com/chainlink-integrates-data-streams-and-vrf-on-base-blockchain/
Bitcoin, Ethereum Prices Suddenly Plunge as Liquidations Top $175 Million
The prices of top cryptocurrencies including Bitcoin and Ethereum suddenly fell Thursday afternoon, prompting a fresh wave of liquidations of crypto positions—mostly long positions—as the market broadly turned red. Bitcoin fell by nearly 3% in just over an hour to a current price of $57,787 as of this writing, while Ethereum dipped even more to a current price of $2,547…
Anchored Coins warns of potential issues for AEUR amid FlowBank collapse
The stablecoin issuer said there was a risk of a “respective loss for the holders of AEUR tokens” due to FlowBank’s bankruptcy in June. Source: https://cointelegraph.com/news/anchored-coins-collateral-aeur-stablecoin-flowbank?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Web3 Name Service Firm Unstoppable Domains Secures ICANN Accreditation
Unstoppable Domains has achieved accreditation from the Internet Corporation for Assigned Names and Numbers (ICANN), marking its entry as a significant onchain player in the broader domain industry. The accreditation positions the company as the largest ICANN-accredited registrar in the Web3 sector. ICANN Accredits Unstoppable Domains as Largest Web3 Registrar Unstoppable Domains, known for its […] Source: https://news.bitcoin.com/web3-name-service-firm-unstoppable-domains-secures-icann-accreditation/
Haun Ventures backs Chaos Labs with $55M Series A funding
Other investors in the round include PayPal, Lightspeed, Galaxy Ventures, Wintermute, F-Prime Capital, Slow Ventures, and The Spartan Group. Source: https://cointelegraph.com/news/haun-ventures-chaos-labs-55m-seriesa-funding?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Aavegotchi Studio Reveals ‘Members Only’ Ethereum Layer-3 Gaming Chain
Pixelcraft Studios, the company behind the crypto game Aavegotchi, announced Thursday that it plans to launch a “members only” Ethereum layer-3 gaming blockchain called Geist. Powered by multiple Ethereum scaling technologies, Geist is designed to overcome various hurdles facing the current crypto gaming environment, including high player turnover and a prevalence of “botting” used to manipulate rewards initiatives. “Geist is…
Tron network exceeds Ethereum revenue over the past 90 days
According to data from DeFi Llama, the Tron network accrued $1.31 million in network revenue during the past 24 hours alone. Source: https://cointelegraph.com/news/tron-network-exceeds-ethereum-revenue-over-90-days?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Cryptoquant: Bitcoin Miners Expand Capacity But Struggle to Stay Profitable
Bitcoin miners are expanding their hashing capacity, reaching new record highs despite ongoing challenges in profitability. This report from Cryptoquant Institutional Insights highlights that miners are selling off assets as they face diminishing profit margins and rising operational difficulties. Bitcoin Miners Face Capitulation Amid Record-High Hashrate and Squeezed Margins In the latest findings from Cryptoquant’s […] Source: https://news.bitcoin.com/cryptoquant-bitcoin-miners-expand-capacity-but-struggle-to-stay-profitable/
Phoenix Rising: Building the ‘One-Stop Shop’ for DeFi on Stellar
With the launch of the Soroban smart contract platform on Stellar, developers are rushing to create decentralized apps (dapps) and platforms within the Stellar ecosystem. Among the first to launch is the Phoenix DeFi Hub, which aims to be the “one-stop shop” for decentralized finance (DeFi) on Stellar, its creators told Decrypt. “We’re going to be launching a bunch of…