The BNB Chain ecosystem team has announced a program to support meme coin developers with a prize pool of up to $1 million. As part of the Meme Innovation campaign, participants must deploy a meme coin on the BNB Smart Chain (BSC) and apply to participate by the end of April 9. The competition will last from April...
According to a new Forbes article, Binance founder Changpeng Zhao has tripled his net worth since 2023. Forbes magazine has published a ranking of the world’s wealthiest and most influential cryptocurrency billionaires, headed by Zhao. Forbes estimated his net worth at $33 billion, more than triple what it was in 2023 at $10.5 billion. Zhao’s stake in Binance is...
Bitcoin miners earned over $2 billion in March, reaching a new all-time high. According to The Block analytics, the previous all-time high was reached in May 2021, when miners’ total income amounted to $1.7 billion. Miners’ earnings consist of rewards for mined blocks and transaction fees on the Bitcoin network. Of the total revenue in March, $85.8...
The U.S. government wallet has moved Bitcoins previously confiscated from a well-known darknet platform. According to Blockchair, a wallet belonging to the U.S. government transferred Silk Road’s 30,175 Bitcoins (BTC) to cryptocurrency exchange Coinbase on April 2. Source: Blockchair At the current price of BTC at around $65,000, the cost of the transfer is approximately $2 billion. Blockchain sleuth ZachXBT noted...
Paradigm is looking to raise new funds for crypto investments as venture capitalists flock back to the burgeoning digital asset industry. Crypto investment company Paradigm has plans to raise as much as $850 million for a fresh fund following Bitcoin’s recovery beyond an all-time high and cryptocurrency’s ascent near its 2021 peak, Bloomberg reported on April 2. According to RootData,...
Traders continue to make big money using meme coins amid the continuous market rally and Bitcoin’s recovery to $70,000. Lookonchain analysts paid attention to a trader who traded 89 meme coins since March 21. Only 26 of them were profitable, with a winning percentage of less than 30%. However, the trader got lucky, making $690,000 on ANIME...
Ethereum co-founder Vitalik Buterin spoke about the next stage of the blockchain roadmap, the Purge. According to Buterin, the roadmap’s new stage aims to simplify the network structure and reduce the load on nodes. Central to developing the protocol at this stage is the implementation and development of EIP-6780, introduced during the recent Dencun hard fork. It...
The total value locked in Ethereum restaking protocols has jumped to $8.35 billion. The total value locked (TVL) of the ether.fi project exceeded $3.2 billion. Renzo is in second place with $2 billion, while data from The Block shows that Puffer is third with TVL at $1.3 billion. Source: The Block EigenLayer also saw an uptick in activity...
Solana Labs Co-Founder Anatoly Yakovenko has directed his community towards a new blockchain protocol called BunkerCoin. The announcement coincides with the release of the white paper for BunkerCoin, a blockchain protocol designed for environments with limited bandwidth, including compatibility with shortwave radio. The white paper, released today and titled “BunkerCoin: A Low Bandwidth, Shortwave Radio-Compatible Blockchain Protocol,” presents...
Crypto hacks have cost the digital asset industry billions of dollars, with experts advising additional attention and resources toward security measures. According to DefiLlama, all-time losses incurred from crypto hacks exceeded $7.7 billion as of April 1, despite a 23% decrease in incidents during the first quarter of 2024 compared to last year. Data revealed that decentralized finance...
