Blockchain & crypto news from India
In the midst of the current market downturn, a major memecoin investor, known as a “whale,” has reaped substantial profits by offloading their MAGA (TRUMP) tokens. The whale, operating under the wallet address “0x52C0,” disposed of over 171,000 TRUMP tokens for 414 Ether, equivalent to a value of $1.44 million within the last 24 hours….
It is possible that the approval of another altcoin exchange-traded fund (ETF) in the United States may be influenced by political changes after the upcoming 2024 U.S. presidential election. Despite the U.S. Securities and Exchange Commission (SEC) granting permission to fund managers to list spot Ether ETFs on May 23, SEC Chair Gary Gensler recently…
Over the course of the last week, Solana, an innovative blockchain platform designed to offer rapid, secure, and cost-effective transactions for decentralized applications (dApps), has experienced a significant surge in activity. Notably, Solana’s transaction volume has been escalating at a rapid pace, positioning it to potentially overtake Ethereum in terms of transaction fees within the…
In a recent post on X, Vibhu Norby, the CEO of Drip Haus, a company based on the Solana blockchain, has provided a comprehensive analysis of Solana’s recent journey through scalability challenges and significant user growth. The post is an insightful and detailed account of the obstacles faced by Solana and the groundbreaking advancements made…
DefiLlama recently released data stating that Jito, a provider of liquid staking and MEV, currently holds the position of Solana’s (SOL) largest project with a total value locked (TVL) of approximately 10 million SOL. Jito was launched in December of last year and distributed $165 million in free tokens through an airdrop. To participate in…
After a damp affair with its switch to a POS based blockchain, Ethereum’s next big step as far as staking is concerned is the upcoming Shanghai upgrade, expected to happen sometime in March this year. As a preparatory move, the second most important crypto after bitcoin has moved closer to the aim with a shadow…
Hit hard by the FTX collapse, Solana’s woes continue as two of its top NFT collections have decided to move to rival chains. Solana has been the second choice after the natural Ethereum for NFT projects, but things are taking a turn. DeGods (created by y00ts founder) and Magic Eden will soon bridge their way…
After declaring bankruptcy just hours earlier, hundreds of millions of dollars were siphoned off the cryptocurrency exchange, worsening the fall of FTX, already one of the most spectacular financial disasters in history. Late on Friday, more than $600 million was stolen from FTX’s cryptocurrency wallets. Soon after, FTX announced that it had been compromised in…
After Amazon’s AWS service taking a good share of blockchain operation by running a significant number of Ethereum nodes, Google Cloud too entered the node hosting space. The Blockchain Node Engine will be a fully-managed node hosting service that will support Web3 development beginning with Ethereum. Web3 has become the buzz word for 2022 after…
Anatoly Yakovenko, the CEO and co-founder of Solana had a Steve Jobs moment when he launched the Saga, an Android web3-based smartphone in New York City.