Based rollup solution Taiko has initiated the first phase of its preconfirmation system on the Ethereum mainnet, with deployment scheduled between August 11th and 13th to a permissioned group of preconfirmers. This implementation is intended to enhance the predictability of transactions and the usability of based rollups, contributing to their progression as a decentralized approach…
Open-source cryptocurrency wallet with a focus on privacy, Cake Wallet introduced Cupcake, a mobile application that turns any unused Android or iPhone device into an air-gapped, fully offline hardware wallet for Monero (XMR) and Bitcoin (BTC). By eliminating shipping and supply-chain risks, as well as the requirement for users to provide personal information, Cupcake offers…
Venture builder specializing in developing products within the Telegram ecosystem, Minders, announced its acquisition of Dise, a customer relationship management (CRM) platform tailored for businesses operating within Telegram. Dise, which was founded in 2024, aimed to address the challenge of isolating the sales infrastructure of crypto-native organizations from traditional sales operations. Until now, the market…
Standard Chartered has lifted its year-end price target for Ethereum to $7,500 from $4,000, citing a stronger industry backdrop and new demand from corporate treasuries. Per Reuters, the bank also raised its 2028 projection to $25,000 from $7,500. Ether was trading at about $4,679 on Wednesday, levels last seen in November 2021. The revision marks…
Cryptocurrency exchange Coinbase announced the launch of its second Stablecoin Bootstrap Fund, managed by Coinbase Asset Management (CBAM). The primary objective of the fund is to enhance liquidity for stablecoins throughout the on-chain ecosystem, ensuring that users can access dependable rates across both established and emerging protocols. The first investments from the fund are being…
This August, St. Petersburg will host something the crypto crowd doesn’t see every day. On the 17th and 18th, the historic Nikolskie Ryady complex will shift from its usual pace to host 0xConnect Fest, a two-day event where Web3 professionals, creators, traders, and the curious gather in a relaxed atmosphere, avoiding the formality typical of…
Ethereum (ETH) climbed over 5% on Aug. 12 to a multi-year high above $4,500, marking its highest price since December 2021. The increase coincided with corporate treasury purchases, record inflows into U.S. spot exchange-traded funds (ETFs), and growing expectations that the Federal Reserve will lower interest rates at its September policy meeting. The latest price…
Do Kwon pleaded guilty to federal fraud charges in Manhattan court, with his sentencing set for Dec. 11. As Inner City Press reported on Aug. 12, Kwon admitted he orchestrated a cryptocurrency scheme that prosecutors allege caused over $40 billion in losses when LUNA and TerraUSD tokens collapsed in May 2022. His defense entered guilty…
Web3 has made significant progress in establishing itself as a full-fledged industry in Asia, with Southeast Asia being a prominent example of its rise on the largest continent. Valued at $147.8 million in 2023, the Southeast Asian Web3 market is predicted to reach $2.97 billion by 2032. According to Chainalysis’s 2023 Global Crypto Adoption Index,…
EVM-compatible Layer 1 blockchain, Incentiv announced its emergence with considerable testnet activity and a strong, self-sustaining economic model that rewards network participants based on their contributions. The platform is built on a contribution-scored Proof-of-Work system that incentivizes genuine, verifiable on-chain actions rather than simply capital input. With over 1.2 million wallets created on its testnet…