The first quarter of 2023 saw Bitcoin outperform traditional assets after a 72% quarterly gain in market capitalization. The cryptocurrency ecosystem has enjoyed a buoyant start to the year as Bitcoin (BTC) and decentralized finance (DeFi) protocols surge in market capitalization through the first quarter of 2023. These are the key takeaways from the first...Continue Reading

The chairman of the SEC recently said that almost all cryptocurrencies will be regulated as securities. Questions remain whether that’s an accurate statement and if the agency is regulating tokens by enforcement. In a February interview with New York Magazine, Gary Gensler, chairman of the United States Securities and Exchange Commission, said that just about...Continue Reading

Africa witnessed a 429% YoY increase in venture funding in 2022, with the majority of funding coming from Seychelles and South Africa. The African continent continues to be a fertile ground for the growth and implementation of blockchain technology. In the African Blockchain Report 2022 by Crypto Valley VC, it was stated that blockchain deals...Continue Reading

The creators of a move-to-earn project are trying to make governance voting fairer by introducing a one-holder, one-vote mechanism for its community. Move-to-earn app creator Sweat Economy is set to let its users decide on how to spend almost $1 million worth of tokens earned as fees and revenue through a governance vote with a...Continue Reading

Layer 2s also saw increased development activity, with year-over-year smart contract deployment increasing by 160%. Ethereum layer 2s, such as Optimism, Arbitrum and Polygon, increased in popularity in the first quarter of 2023, according to a report from Web3 development platform Alchemy. Ethereum users bridged over $635,000 worth of crypto assets to these networks from...Continue Reading

Binance said retiring old deposit addresses on multiple blockchains is part of its infrastructure upgrade, with the new addresses offering better security and efficiency. The world’s largest cryptocurrency exchange by trading volume, Binance, is disabling multiple old deposit addresses as part of its infrastructure upgrade. In an announcement on April 18, Binance said it would...Continue Reading

Ether stakers have withdrawn $1.21 billion worth of ETH from Ethereum staking contracts since the Shapella upgrade. Ether (ETH) entered a sharp price recovery a week after hitting a six-month low versus Bitcoin (BTC).  On April 18, the widely-tracked ETH/BTC pair reached 0.0709 BTC, up about 15% from its local bottom of 0.0602 BTC six...Continue Reading

Bitcoin sees a sudden return to form as a reshuffle of order book liquidity precedes a spurt above crucial BTC price resistance. Bitcoin (BTC) returned above $30,000 on April 18 as volatility preceded the day’s Wall Street open. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin erases intraday losses Data from Cointelegraph Markets Pro and...Continue Reading

Metamask developer Taylor Monahan brought the issue to light and said that no one knows how the exploit works yet. An unidentified exploit has taken more than $10.5 million in nonfungible tokens (NFTs) and coins from experienced community members who were “reasonably secure” in a wallet-draining operation since December 2022.  MetaMask developer Taylor Monahan brought...Continue Reading

Texas-based Unchained Capital hopes to undermine single points of failure and mitigate counterparty risk with its substantial $60 million raise, led by Valor Equity Partners. The bear market grind has not deterred a $60 million raise from a Bitcoin-only company.  Unchained, a financial services provider for Bitcoin (BTC) holders, has announced a $60 million Series...Continue Reading