The growth has been primarily driven by memecoin mania on the Coinbase L2 blockchain Base. Read More at https://cointelegraph.com/news/ethereum-l2-ecosystem-processes-a-record-12-4-m-transactions-in-a-day?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Monthly Archives: August 2024
Memecoin ‘retail mania’ could go the way of ICOs and NFTs, say execs
Memecoins are a great way to attract people to crypto, but the jury’s out on whether they’ll maintain their current momentum. Read More at https://cointelegraph.com/news/memecoin-retail-mania-could-go-way-ico-nft?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin sell pressure risk as $1.7B in dormant BTC moves over 2 days
The movement of more than $1.7 billion in “dormant” Bitcoin could lead to downward pressure on Bitcoin in the coming weeks, according to an onchain analyst. Read More at https://cointelegraph.com/news/bitcoin-sell-pressure-risk-as-1-7b-in-dormant-btc-moves-over-2-days?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
US Bitcoin ETFs ‘on track’ to top Satoshi’s BTC stack soon
United States Bitcoin ETFs have added around 37,510 BTC to their holdings each month on average and could soon surpass Satoshi Nakamoto’s estimated stash. Read More at https://cointelegraph.com/news/us-bitcoin-etfs-on-track-to-top-satoshi-s-btc-stack-soon?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Vivek Ramaswamy predicts Kamala Harris may adopt pro-crypto position
Both Kamala Harris and her running mate, Tim Walz, have yet to present clear policy positions on digital asset regulation in the United States. Read More at https://cointelegraph.com/news/vivek-ramaswamy-predicts-harris-adopt-pro-crypto-position?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Canadian regulators are looking to investor protection with stablecoin rules — CIRO
CIRO executive Suzanne Lasrado offered her opinion on the regulatory guidelines affecting Canadian stablecoin users at the Blockchain Futurist Conference. Read More at https://cointelegraph.com/news/canadian-regulators-are-looking-to-investor-protection-with-stablecoin-rules-ciro?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
WonderFi expands to Australia — Blockchain Futurist Conference
The crypto firm merged with Coinsmart and Coinsquare in 2023, securing $1 billion in assets under management in the same year. Read More at https://cointelegraph.com/news/wonder-fi-expands-australia-blockchain-futurist-conference?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Hong Kong court orders financial disclosures in Mantra Chain dispute
The court said the DAO’s financial details should be known to both sides as they hash out ownership and control issues. Read More at https://cointelegraph.com/news/hong-kong-court-mantra-dao-rio-defi-dispute?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
SUI, Zcash (ZEC) and Helium (HNT) outperform everything except memecoins — Here is why
ZEC, HNT and SUI produce double and triple-digit gains even as the wider crypto market continues to reel from last week’s sharp correction. Read More at https://cointelegraph.com/news/sui-zcash-zec-and-helium-hnt-outperform-everything-except-memecoins-here-is-why?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Restaking is “inevitable” but the risks are still uncertain — ether.fi CEO
Restaking yields are still mostly speculative, according to Mike Silagadze speaking at the Blockchain Futurist Conference. Read More at https://cointelegraph.com/news/restaking-inevitable-risks-still-uncertain-ether-fi-ceo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound