The NEAR protocol has recorded 450 million transactions and 12.3 million unique addresses. Market sentiment has changed as user engagement has increased. The NEAR protocol has attracted the attention of the broader cryptocurrency community due to its rapid increase in trading volume and new addresses. According to analysts, NEAR addresses have been growing over the past two months. Masi reported this development on X (formerly Twitter), saying: ”In June, @NEARProtocol compared to popular chains: #1 in active addresses (16.9m). #1 in low fees (
Author: Crypto Flexs
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The infamous purse-snatching group the Pink Drainers have fallen for the “address poisoning” scam and are now up to their own tricks.Cryptocurrency compliance platform MistTrack highlighted the attack in a post on X on July 7, saying the hacking group lost 10 Ether (ETH) to fake wallet addresses in late June as a result of the scam. That’s equivalent to about $30,000 in today’s dollars.Recent Transactions in Pink Drainer Wallet Source: MistTrackIn an interview with Cointelegraph, MistTrack explained that address poisoning scams occur when attackers send small amounts of cryptocurrency from a wallet with a similar address to one of…
Immutable (IMX), a prominent blockchain gaming company, announced record growth and several strategic partnerships in June 2024. One of the most notable developments, according to Immutable, was the migration of NetMarble’s MARBLEX platform to Immutable, bringing major IP titles such as Ni no Kuni: Cross Worlds, A3: Still Alive, and Meta World. This move is seen as a major step forward for the web3 gaming industry. MARBLEX Chooses Immutable for Web3 Games in Korea Netmarble, a leading mobile gaming company with a market cap of $3 billion, has chosen Immutable’s zkEVM platform for its MARBLEX…
IntroductionAs it moves into the active appeal stage at the Tenth Circuit, the ongoing legal battle between Custodia Bank and the Federal Reserve has garnered significant attention, especially given the involvement of various amicus briefs. A total of seven briefs were filed on July 3rd, the last day for supporting, or neutral, briefs to be filed.1 This case has attracted significant interest from top-flight appellate attorneys, drawing three former Solicitors General, two representing amici and Ian Gershengorn who represents Custodia itself.In Federal appellate practice, an amicus curiae (“friend of the court”) brief allows non-parties to provide the court with additional…
The price of Polygon, once its biggest competitor, has plummeted. New initiatives have failed to reverse MATIC’s decline. Other major cryptocurrencies, including XRP and Cardano, have also experienced similar difficulties to Polygon. Polygon (MATIC), a layer 2 scaling solution for the Ethereum blockchain, has been on a downward trend in recent months. Despite several initiatives to strengthen the ecosystem, MATIC’s price continues to fall, raising concerns about investor sentiment. MATIC price down 82% from all-time high MATIC, which was a contender for the top 10 by market cap not too long ago, has now fallen to 20th place, raising concerns…
Layer 2 and Scaling • July 7, 2024 4:59 PM EDT Posted 1 minute earlier In ~ Updated: July 7, 2024 5:03 PM EDT forehead forehead -7.16% Dango Layer 2 testnet, a mobile-first Layer 1 blockchain, has launched as the first major step towards its subscription plan. Ethereum Ethereum -6.62% ecosystem. Celo, which is compatible with the EVM, voted in July last year to transition its Layer 1 network to an Ethereum Layer 2 chain. After eight months of evaluation, the Celo community Layer 2 network using Optimism Office -8.27% Stack joins Optimism’s so-called “superchain” ecosystem alongside Base, Zora, Mode,…
OKX Ventures, the investment arm of leading cryptocurrency exchange and Web3 technology company OKX, has announced participation in a pre-seed investment round by Compute Labs. The Singapore-based startup is pioneering the tokenization of real-world assets (RWAs) with a focus on enterprise-grade GPUs. Compute Labs’ Innovative Approach Compute Labs is at the forefront of revolutionizing the computing market by offering a novel GPU Restaking solution. This cutting-edge approach democratizes access to computing returns by allowing a wider audience to invest in expensive computing assets. Compute Labs aims to make enterprise-grade GPUs more accessible to everyday investors…
Santiment, a popular cryptocurrency analytics firm, has released a list of large-cap altcoins that could see a short-term rally following last week’s correction. The cryptocurrency insights firm revealed that the Market-to-Realized Value (MVRV) metric for seven altcoins on social media platform X has fallen into negative territory. MVRV is the ratio of the market capitalization of a digital asset to the realized capitalization or the value of all coins at the purchase price. When the MVRV value falls below 0, it indicates that the coin is currently oversold or undervalued. Santiment says: “The lower the 30-day MVRV of a coin,…
Tier 1 • July 7, 2024 6:53 PM EDT Posted 1 minute earlier In ~ The long-awaited ‘Firedancer’ independent verification client Solana brush -8.25% The blockchain built by Jump Crypto will soon launch its first bug bounty program. Announced by pseudonymous developer Cantelope Peel, the program will run for six weeks, starting July 10. Backed by Immunefi, the program will award up to $1 million to developers who discover critical bugs in the first version of the client, Firedancer v0. 1 (nicknamed “Frankendancer”). According to Cantelope Peel, work on Firedancer appears to be going smoothly, writing that X has “tested…
Binance has unveiled the next round of its popular ‘Learn & Earn’ program, where users can expand their blockchain knowledge and earn W token rewards by completing courses and quizzes. The announcement was made on the official Binance website.Period of activityThe ‘Learn & Earn’ initiative will run from 09:00 UTC on July 4, 2024 to 09:00 UTC on July 18, 2024. During this period, verified users can participate on a first-come, first-served basis and receive a pre-determined amount of W tokens.Eligibility and ParticipationTo qualify, users must complete account verification (KYC) on Binance. Once verified, users…