A new survey has found that bitcoin usage has dropped to critical levels in El Salvador, with less than 10% of its citizens using it to make transactions. The numbers are surprising to analysts, given the push that President Nayib Bukele has made for bitcoin in the country since its adoption as legal tender in […] Source: https://news.bitcoin.com/bitcoin-adoption-reaches-critical-low-in-el-salvador-despite-government-push/
Worldcoin, newly rebranded World—the crypto-fueled, eyeball-scanning identity platform co-founded by OpenAI CEO Sam Altman—launched the mainnet for its own Ethereum layer-2 network called World Chain on Thursday. World Chain is rolling out with the goal of bringing millions of verifiable human users onto the blockchain, in addition to promoting the development of digital identity tools and applications that promote financial…
Ethereum’s adoption of layer-2 networks could cost ETH trillions of dollars in potential market capitalization over the next few years if its associated dynamics remain unbalanced, according to VanEck Head of Digital Assets Research Matthew Sigel. In a Twitter (aka X) post, the analyst posited Thursday that Ethereum’s “changing fundamentals suggest a model update is in order.” Instead of climbing…
Kraken has launched KBTC, a wrapped bitcoin product fully backed 1:1 by bitcoin and compatible with multiple networks. KBTC aims to expand bitcoin’s use beyond its native chain and into decentralized finance (defi) ecosystems. Kraken Introduces KBTC to Enhance Bitcoin’s Utility Across Networks Kraken’s KBTC is an ERC20 token that allows bitcoin (BTC) to interact […] Source: https://news.bitcoin.com/kraken-unveils-a-new-wrapped-bitcoin-product-heres-what-it-means-for-defi/
The major European securities settlement firm has found an Asian platform for its FundPlace offering. Source: https://cointelegraph.com/news/euroclear-invests-singapore-marketnode-blockchain-expansion?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The blockchain identity verification company also announced new verification methods. Source: https://cointelegraph.com/news/worldcoin-rebrands-world-unveils-next-generation-orb?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
As expected, X Empire—a Telegram tap-to-earn game that has amassed more than 50 million players—has completed its latest mining phase, shutting down the game ahead of next week’s X token launch on The Open Network (TON). The brief “Chill Phase” of X Empire lasted just over two weeks, giving players a last chance to earn a larger share of tokens…
Ethena has proposed integrating its liquidity and hedging engine into Hyperliquid, a layer one (L1) blockchain set to launch its EVM mainnet. The proposal includes adding USDE, Ethena’s stablecoin, within the Hyperliquid ecosystem upon mainnet launch. Ethena Eyes Hyperliquid’s Rapid Growth for Next Phase of USDE Expansion The proposal outlines a cautious approach to integrating […] Source: https://news.bitcoin.com/the-big-role-ethenas-usde-could-play-in-hyperliquids-upcoming-mainnet/
Bitcoin’s emerging layer-2 and DeFi ecosystems are sparking competition for BTC liquidity on other chains. Source: https://cointelegraph.com/news/solv-launches-bitcoin-staking-solana?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The memecoin supercycle theory has spread quickly, convincing many of the potential for big profits. Source: https://cointelegraph.com/news/memecoin-supercycle-crypto-markets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
