News

ethOS launches dGEN1, a device for Ethereum on-chain dApp interactions

October 20, 2024 1 min read

ethOS, the Ethereum-focused operating system, has introduced an exciting new device called the dGEN1, which aims to revolutionize how users interact with decentralized applications (dApps) on the Ethereum network. Dubbed “the first on-chain everyday carry,” the dGEN1 is tailored specifically for those immersed in Ethereum’s growing ecosystem. Unlike other blockchain devices like the Solana Mobile Saga, the dGEN1 does not support telecom features, focusing exclusively on Ethereum interactions. It runs

Vitalik Buterin outlines Ethereum’s next phase

October 20, 2024 1 min read

Vitalik Buterin, co-founder of Ethereum, recently shared insights about the platform’s upcoming developments, particularly a phase known as “The Surge.” This initiative aims to significantly enhance Ethereum’s transaction capabilities, targeting an impressive 100,000 transactions per second (TPS). To achieve this, the team is focusing on innovative technologies such as rollups, sharding, and Layer-2 (L2) solutions, all while keeping the platform decentralized. Buterin highlighted the pivotal role of rollups, which allow

Investor confidence in Bitcoin is rising, as shown by a surge in new whale wallets

October 19, 2024 1 min read

Bitcoin’s recent price trends and its ability to navigate previous hurdles have sparked a wave of optimism among investors, resulting in a notable increase in the number of large holders, often referred to as “whales.” This growing confidence in Bitcoin’s future is reflected in the significant uptick in whale wallets, as highlighted by Ki Young Ju, the CEO of CryptoQuant. He pointed out that these large investors are rapidly accumulating

The US is lagging in stablecoin adoption due to regulatory challenges

October 19, 2024 1 min read

In 2024, the growth of stablecoins in the United States has hit a snag, even as Bitcoin gains traction following the introduction of spot Bitcoin exchange-traded funds. Recent studies indicate a drop in transactions on US-regulated platforms, primarily due to regulatory hurdles and limited adoption domestically. In contrast, stablecoins from emerging markets are experiencing a surge in usage. Around the world, stablecoins are increasingly being utilized for value transfers and

Worldcoin rebrands to ‘World’ and introduces several new features

October 18, 2024 1 min read

Worldcoin has officially rebranded itself as “World,” a change announced by co-founders Sam Altman and Alex Blania during a recent event in San Francisco on October 17. This rebranding comes alongside exciting updates aimed at expanding their blockchain-based identity verification technology, which focuses on establishing ‘proof-of-humanity.’ A significant highlight of the event was the introduction of a new version of their biometric identification device, the Orb. This next-generation Orb is

Binance Labs invests in Lombard, a Bitcoin liquid staking platform

October 18, 2024 1 min read

Binance Labs has recently invested in Lombard, a platform specializing in Bitcoin liquid staking, with a strong emphasis on security and enhancing cross-chain DeFi capabilities. While the specific investment amount remains undisclosed, this partnership underscores Binance Labs’ dedication to helping Lombard grow into a multi-chain staking protocol. Lombard’s LBTC token has rapidly gained popularity, capturing 40% of the Bitcoin liquid staking token market. The company aims to build on this

Grayscale files to convert its $524M Digital Large Cap Fund into an ETF

October 17, 2024 1 min read

Grayscale Investments is making strides in the crypto space by seeking approval from the US Securities and Exchange Commission (SEC) to transform its Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF). This fund, which currently trades over the counter, provides investors with a diversified portfolio that includes major digital currencies like Bitcoin, Ether, Solana, Ripple, and Avalanche. With $524 million in assets under management, the GDLC primarily focuses

Italy plans to raise the capital gains tax on crypto from 26% to 42%

October 17, 2024 1 min read

Italy is gearing up to raise its capital gains tax on Bitcoin and other cryptocurrencies from 26% to an eye-popping 42%. This announcement came from Vice Economy Minister Maurizio Leo during a press conference about the country’s 2025 budget, where he outlined new measures aimed at generating funds to support families, youth, and businesses. This tax overhaul represents a major departure from the existing framework that has been in place

Tesla moves 11,500 BTC worth $765 million in October 2024

October 16, 2024 2 mins read

Elon Musk’s Tesla has recently made headlines in the crypto world by transferring around 11,500 Bitcoin, valued at around $765 million, marking its first major Bitcoin activity in over two years. This transaction, which took place on October 16, 2024, involved multiple smaller transfers to new, unidentified wallets, none of which are linked to cryptocurrency exchanges. This has led to speculation that Tesla might not be looking to sell its

Bitfinex hackers sentence have come up for discussion

October 16, 2024 1 min read

In a notable development, the U.S. government has proposed prison sentences for Ilya Lichtenstein and his wife, Heather Morgan, in connection with the infamous Bitfinex hack of 2016. This security breach, which resulted in a staggering loss of $6 billion, continues to be a hot topic in the crypto world. In a recent court filing, prosecutors are seeking a five-year sentence for Lichtenstein while recommending 18 months for Morgan, who

SuperBridge Summit 2024 first day sessions explore economic growth potential of various regions

October 15, 2024 8 mins read

Dubai, United Arab Emirates, 15 October 2024: The SuperBridge Summit 2024, held in conjunction with GITEX Global, was inaugurated today. The two-day event held at the One&Only One Za’abeel Hotel in Dubai is organized by the Dubai World Trade Centre (DWTC) and SuperBridge Council. The first day’s sessions commenced on a high note with eleven panel discussions, keynote speeches and fireside chats. Thought leaders from a wide array of industries,

Second Edition of SuperBridge Summit 2024 kicks off today with the participation of 70 speakers

October 15, 2024 5 mins read

Dubai, United Arab Emirates, 15, October 2024: The second edition of SuperBridge Summit kicked off today (October 15, 2024), at the One&Only One Za’abeel Hotel in Dubai with Trip.com, NICE, Laix Inc., Dubai Chambers, MVGX and METACOMP, sponsors of this year’s edition. Organized by the Dubai World Trade Centre (DWTC) and SuperBridge Council, the SuperBridge Summit featured an opening remark by Hadi Badri, CEO of Economic Development of Dubai Economy