In A Nutshell The Filecoin Foundation is actively investigating the detainment of Filecoin Liquid Staking (STFIL) team members by local Chinese police. This follows a significant disruption in the STFIL protocol, where $23 million worth of Filecoin (FIL) tokens were unexpectedly transferred, leading to the suspension of withdrawals. The foundation has engaged a legal representative…
In A Nutshell The Bitcoin community is on the verge of experiencing one of its most significant events — the 2024 halving. This event, which slashes the reward for mining new blocks in half approximately every four years, is anticipated to have profound implications for both the mining sector and Bitcoin’s market value. As the…
In A Nutshell The Reserve Bank of Fiji (RBF) has recently issued a stark warning against the use of cryptocurrencies as a form of payment or investment, marking a significant turn from the Fijian prime minister’s earlier perceived openness towards integrating Bitcoin into the economy. This announcement has cast a shadow over the hopes for…
In A Nutshell The Grand Base (GB), a protocol facilitating the tokenization of real-world assets on Coinbase’s native layer-2 blockchain, recently reported a significant security breach leading to a loss of $1.7 million. The incident, caused by a private key leak, has resulted in the theft of tokens from its liquidity pools and a subsequent…
In A Nutshell Cryptocurrency exchange OKX has officially unveiled its Ethereum-based layer-2 network, known as X Layer, to the public. Launched on April 15, this innovative network aims to offer lower transaction fees and enhanced interoperability among decentralized applications (DApps). By leveraging Polygon’s chain development kit (CDK) for its infrastructure, X Layer utilizes zero-knowledge proofs…
In A Nutshell VALR, a South African cryptocurrency exchange, has achieved a significant regulatory milestone by securing two crypto asset service provider (CASP) licenses from the Financial Sector Conduct Authority (FSCA). This development positions VALR as one of the first cryptocurrency firms in the country to be awarded both Category I and II licenses, marking…
In A Nutshell The Solana Foundation has launched an update for its mainnet beta, version 1.17.31, aimed at addressing the recent issues of network congestion. This update, which integrates several improvements, was deployed on April 12 and is now advised for all mainnet beta validators after a successful three-day testing period. These enhancements are expected…
In A Nutshell Cryptocurrency exchange OKX has recently announced the addition of two new memecoins, Dogwifhat (WIF) and the Cat in a Dog’s World (MEW), to its trading platform. This move comes amid a growing interest in memecoins, especially those based on the Solana blockchain. OKX users can now engage in spot trading of these…
In A Nutshell The Solana Foundation is actively addressing network congestion issues that have recently hampered user transactions. Austin Federa, Solana Foundation’s strategy lead, provided insights into the challenges and the efforts underway to resolve them during the Paris Blockchain Week. Despite the current setbacks, Solana aims to maintain its standing as a fast, open,…
In A Nutshell A comprehensive analysis by 10x Research suggests a significant potential outflow of Bitcoin (BTC) from miners post-halving, amounting to around $5 billion. This selling pressure could lead to a stagnant period for BTC prices, echoing patterns observed in previous halving events. Moreover, altcoins may also face challenges during this period, possibly exacerbating…