Solana Network Hit With Technical Glitch Hours After Update.
Almost all on-chain action on the Solana network has ground to a halt.The network was only able to execute roughly 93 transactions per second (TPS).As a technical glitch slowed users’…
New Blockchain Innovation Lab Announced by JPMorgan in Greece.
The bank’s 2020-released Onyx platform will be the primary focus. Four new posts will be created to support the company’s new blockchain project.The global investment bank JPMorgan has announced the…
BUSD Stablecoin Out of the Top 10 Crypto List in Terms of Market Cap.
BUSD now ranks eleventh among all crypto assets behind Dogecoin.Binance’s reserve portfolio on February 25, 2023, showed $9.01 billion in BUSD.Almost $5 billion worth of BUSD stablecoins have been redeemed.…
Germany-based DZ Bank To Provide Crypto Custody Services
The bank had assets of almost $315 billion (€297 billion) by the end of 2022.DZ Bank plans to include Metaco’s key product, Harmonize.DZ Bank is a subsidiary of Volksbanken Raiffeisenbanken,…
Crypto Industry Lost Over $650B After Two Major Scandals in 2022: BIS
The BIS found that retail investors bought the dip amid the bloodbath while the broader financial system remained generally unharmed.A recent report by the Bank of International Settlements (BIS) revealed…
Jack Dorsey’s Cash App Bitcoin Revenue Down 25% Over Previous Year
The company’s Cash App division earned $35 million in Bitcoin, down 25%.In 2022, Block’s annual gross profit was $1.66 billion, up 40% from the previous year.The revenue for Jack Dorsey’s…
Polygon Co-founder Outlines His Forecasts on Crypto Landscape
According to Sandeep Nailwal Ethereum would surpass all other layer 1 competitors. A network outage has happened to Polygon.Sandeep Nailwal, the co-founder of Polygon, discussed his forecast for the cryptocurrency…
Will Shibarium Boost the Price of the Shiba Inu (SHIB)?
The Shiba Inu community is waiting for the release of Shibarium. SHIB currently trades for $0.00001253 as per CMC.Shiba Inu (SHIB), an ERC-20 token, keeps staying among the top cryptocurrencies…
Australian Regulators To Review Binance’s Local Derivatives Operations
Binance, will be subject to a review of its local crypto derivatives operations as per ASIC. The ASIC prohibits the general public from participating in derivatives trading.In addition to challenges…
Binance’s Coming Into South Korea Under Scrutiny by Regulators
Binance had acquired a controlling stake in the local exchange GOPAX. Regulators are weighing whether to maintain or sever connections between the two parties.The arrival of Binance, a major cryptocurrency…