Wifi Dabba, a decentralized internet service provider, recently announced plans to expand internet connectivity in India by distributing over 100,000 devices across the country. These devices, hosted on the Solana blockchain, are part of the DePIN project, which aims to connect the unconnected by the end of the year. Only 30 million individuals in India, a country of...
Electric Capital, a web3 venture capital firm, is delving into the analytical aspect of the NFT market to address two unresolved issues. In an X thread on Mar. 22, Electric Capital founder Avichal Garg unveiled a new analytical platform designed to address the scarcity of cross-chain data and transparency within the turnover of digital collectibles. Named NFT Pulse, the...
In anticipation of the fourth Bitcoin halving scheduled for mid-April, Coinbase Institutional has released a primer for investors. The Bitcoin halving, occurring every four years or upon mining every 210,000 blocks, will see miner rewards halve from 6.25 to 3.125 bitcoin per block upon reaching the 840,000 block. The document aims to guide institutional investors by examining the impact...
Spot Bitcoin ETFs experienced their largest three-day withdrawal since their launch in January. The trend marked a significant shift from the high demand propelling Bitcoin to its all-time high. Between Monday and Wednesday, these ETFs saw a withdrawal of $742 million, indicating substantial outflows from the Grayscale Bitcoin Trust alongside a decrease in new investments in competing funds...
OpenSea and the Seaport Working Group have released Seaport 1.6, the most recent version of the NFT marketplace protocol for the Ethereum Virtual Machine (EVM) ecosystem. ‘Seaport hooks,’ a new feature of the upgrade, is modeled around Uniswap v4 hooks. The goal of this feature is to facilitate the development of applications that increase NFTs’ utility and...
Crypto exchange Coinbase has announced its plan to launch futures trading products for Dogecoin, Litecoin, and Bitcoin Cash, potentially as early as April 1. The latest move was detailed in three separate communications to the United States Commodity Futures Trading Commission (CFTC) on March 7. Through the initiative, Coinbase Derivatives aims to offer cash-settled futures contracts for these cryptocurrencies on...
The U.S. law enforcement has apprehended Robert Robb, an MEV engineer known in the crypto community as “pokerbrat,” according to records from the Henderson Police authority. The reason behind the arrest, which happened on March 20, remains unknown as of press time. However, ZachXBT, the on-chain sleuth who called attention to the situation, claims the development...
The native token of Ondo Finance, ONDO, touched a new all-time high (ATH) as the market showed signs of a quick recovery. ONDO is up by 39% in the past 24 hours and is trading at $0.70 at the time of writing. Notably, the asset reached a new ATH of $0.77 at around 01:30 UTC on March...
Wen Jian was found guilty by a London court on one count of Bitcoin money laundering in connection to a $6 billion Chinese investment scam. On March 20, a U.K. jury found sufficient evidence linking Jian to Qian Zhimin, the apparent mastermind of a multi-year Bitcoin (BTC) fraud scheme that impacted some 130,000 investors in China,...
Crypto asset trading firm QCP Capital predicts Bitcoin to reach a new all-time high post-halving, driven by the wider liquidity rotation. According to the firm’s latest market update, Bitcoin ETF inflows hit a peak on March 12, with over $1 billion entering the market. However, a subsequent decline in net inflows and a significant outflow of $326.2...
