It started with an angry tweet. “It takes 30 days to build CryptoZoo. To prove that I will build: CryptoPoo $POO in less,” tweeted Chris Zaknun, the CEO of crypto fundraising platform DAO Maker,...
Tag: Layer 1s
Crypto prices flat, Silvergate declines ahead of Powell testimony
Crypto markets traded relatively flat as the market prepares for Federal Reserve Chair Jerome Powell’s Congressional testimony on Tuesday and the release of U.S. jobs data on Friday. Bitco...
FTX sues Grayscale and DCG, citing ‘exorbitant’ fees
Collapsed crypto exchange FTX filed a lawsuit against Grayscale Investment, citing mismanagement of the firm as evidence that it was in violation of Trust agreements. The FTX debtors also filed ...
Mt. Gox creditors may finally start seeing their bitcoins this month
Mt. Gox creditors may start seeing their first bitcoin payments this month as the window for repayments is set to open. Creditors are expected to receive early repayments from March 10 onward, w...
Conflux raises $10 million from DWF Labs in token round
Conflux, a Layer 1 blockchain developer, raised $10 million from DWF Labs. The investment will help Conflux expand its technology and grow its user base, DWF Labs said Wednesday. Conflux co-foun...
Inside the Sui ecosystem with Mysten Labs CEO Evan Cheng
Episode 15 of Season 5 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Mysten Labs Co-Founder and CEO Evan Cheng. Listen below, and subscribe to The Scoop on Apple, ...
Speculators push price of testnet ether on Goerli network to $1.60
The price of testnet ether on the Goerli testnet spiked to $1.60 on Feb. 25 as traders speculated on a token that’s supposed to be worthless. Last week, cross-chain platform LayerZero crea...
Solana network back online following second restart
The Solana blockchain is back online after two attempts to restart the network. The fix occurred at 01:28 UTC, after which engineers were said to continue monitoring the performance of the netwo...
Lido Finance reports largest ever daily stake inflow with more than 150,000 ETH staked
Lido Finance said Saturday that it saw the largest daily stake inflow ever on the protocol, with over 150,000 ether worth almost $240 million staked. “Upon reaching this number, a curious ...
Central African Republic’s Sango coin experiences deposit downtime
Sango, the coin by the Central African Republic launched in 2022, may be experiencing issues with deposits, representatives for the project said on Telegram. “We have some fantastic news!&...
Coinbase unveils its Ethereum Layer 2 network that won’t have a token
Coinbase is officially jumping into the Layer 2 game. The crypto exchange giant unveiled Base, a testnet version of its new Ethereum Layer 2 network, at ETHDenver. Modeled on Ethereum’s Go...
Obol to bring distributed validators to Ethereum this year
Obol Technologies has brought its distributed validator technology to the Ethereum mainnet for the first time in an internal alpha testing phase. If successful, the project aims to make Ethereum more ...
Latest round of Ethereum Shapella testnet development reveals a few bugs
Testing on Ethereum’s Zhejiang testnet ahead of the Shanghai-Capella update revealed some bugs, but nothing that will affect the timeline for the introduction of staking to the network. D...
Bitcoin reaches $25,000, its highest price since June
DeFi • February 16, 2023, 11:21AM EST Bitcoin was trading at $25,108 by 11 a.m. EST, up 3.1% over the past day, according to TradingView data. That’s its highest price since June 2022. ...
Crypto markets rebound as Silvergate soars 16% on Citadel Securities, Susquehanna stakes
Cryptocurrency prices rebounded after yesterday’s decline, when the New York Department of Financial Services announced it will pursue regulatory action against stablecoin provider Paxos. ...
Former Jump Trading developers raise $19 million to build Monad blockchain
Monad Labs, a Layer 1 blockchain project co-founded by former Jump Trading developers, raised $19 million in funding led by Dragonfly Capital. Other investors included Placeholder Capital, Lemni...
Binance says it’s adjusting Tron network withdrawal fees to previous levels
Binance, the leading crypto exchange by trading volume, said Saturday that it had reverted withdrawal levels on the Tron network to previous levels after feedback from the community. “Bina...
More than 100,000 ETH has gone through MEV-Boost since The Merge
The amount of ETH distributed via the maximal extracted value (MEV) tool from Flashbots, MEV-Boost, recently surpassed 100,000 ETH ($162 million) since the Ethereum Merge last September, according to ...
Discounts, premiums narrow for Ethereum liquid staking derivatives ahead of Shanghai
Discounts and premiums on Ethereum liquid staking derivative (LSD) tokens have fallen ahead of the upcoming Shanghai-Capella upgrades. The top five biggest LSDs have narrowed toward their notion...
VRRB Labs raises pre-seed round at $20 million valuation as it builds its own Layer 1
VRRB (pronounced “verb”) Labs, a Miami-based crypto startup that is developing a Layer 1 blockchain network, raised $1.4 million in a pre-seed funding round. Investors in the round i...
Argo Blockchain mined 14% more bitcoin in January than December
Argo Blockchain’s bitcoin mining production increased 14% in January, producing 168 BTC, compared to 147 BTC in December 2022. “The increase in BTC mined was primarily due to fewer c...
Chorus One brings MEV protocol to Solana
The Solana blockchain may see a new open-source approach to maximal extracted value (MEV), according to a white paper produced by blockchain protocol architect, Chorus One. The version of MEV fo...
Bitcoin, ether retrench after rising with traditional markets on Fed Chair comments
Cryptocurrencies rose alongside traditional markets in response to comments delivered by Federal Reserve Chair Jerome Powell at The Economic Club in Washington before turning lower. Bitcoin rose...
Markets trade down after Fed chair’s comments, Grayscale recovers amid hearing
Crypto markets whipsawed throughout the day after U.S. Federal Reserve Chair Jerome Powell’s delivered testimony to Congress. Bitcoin was trading around $22,070 by 4:55 p.m. EST, down abou...