Sam Altman’s Worldcoin is looking to launch its Layer-2 blockchain dubbed World Chain, to improve its efficiency as it continues to onboards new users. World Chain to Improve Worldcoin Efficiency The upcoming project was announced by Tools for Humanity, the core developer behind the Worldcoin project. According to the company, World Chain will be secured by the […]

In a temporary relief to businesses dealing with crypto, the U.S. Treasury Department and the Internal Revenue Service (IRS) have announced a delay in the enforcement of new reporting requirements for digital asset transactions. This postponement comes as the agencies work on implementing regulations following changes introduced by the Infrastructure Investment and Jobs Act. Temporary pause to earlier guideline […]

Crypto mining has come again under scrutiny as the Arkansas State House has passed two bills that could likely restrict the activity in the place. The scrutiny comes right ahead of crucial elections, which anyways will see crypto voters playing an important part in the selection process. However, these bills have not yet translated into […]

MicroStrategy Inc., a leading business intelligence software firm, has experienced a staggering surge in its stock price, rising over 350% in the past year.  On January 11, 2024, Michael Saylor, who serves as the Executive Chairman and holds a 10% stake in MicroStrategy Inc (NASDAQ: MSTR), sold 5,000 shares, as disclosed in a recent filing […]

The world’s largest crypto exchange Binance on Thursday announced its next major leap in the crypto industry, launching airdrops and Web3 quest platform Megadrop. Moreover, BounceBit (BB), a BTC restaking chain, is the first project on Binance Megadrop to benefit as part of the initial launch of the airdrop platform. Binance Launches Megadrop In an official […]

Bitcoin’s performance after the BTC ETF approval last week was a bummer. Most speculators anticipated a price surge above $50,000 but all they got was a sharp dip below $42,000. Although the largest crypto had climbed to $42,563 during US business hours on Wednesday, market doldrums are still in full force. For some investors, turning to the […]

Decentralized exchanges (DEXs) have grown in popularity in recent years. Their appeal lies in their transparency, offer of self-custody, and access to a wider range of cryptocurrencies. Most traders prefer DEXs for their perceived safety and since they reduce exposure to risks such as custody of your deposits. For others, DEXs offer a straightforward entrance […]

The Rocket Pool X account, linked to the fifth-largest Ethereum DApp, was hijacked by unknown perpetrators on January 17. The attackers disseminated false alerts about a breach in the platform’s smart contracts, misleading users and creating unwarranted panic. Misleading Messages Spur User Confusion The incident unfolded over several hours, and the Rocket Pool X account […]

Co-founder of Polkadot Gavin Wood, took to X earlier on Thursday to tease the release of the Join-Accumulate Machine (JAM) upgrade. This proposal is designed to revolutionize the future of Polkadot.  JAM To Replace Relay Chain Wood unveiled the JAM Gray Paper at the Token2049 crypto conference underway in Dubai, where he provided details about […]

The US regulators’ stringent regulatory actions and intense scrutiny over cryptocurrencies and crypto exchanges have shattered crypto growth and adoption. However, experts believe that the Supreme Court overruling the Chevron doctrine is almost here and will have far-reaching implications for the crypto industry as judges could end or limit the doctrine. John Deaton, an attorney […]