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Binance opens layer-two ETH deposits with Arbitrum One integration

On Friday, Binance announced the integration of the Arbitrum One core network and opened Ether (ETH) deposits on the Arbitrum One layer two. Arbitrum is a third-generation layer-two optimistic rollup protocol that runs on an off-chain Ethereum contract and has lower costs and faster transactions than on the Ethereum mainnet. The announcement notes that Binance

Top Crypto Trader Says Ethereum Rival Will Hit Record High, Predicts Major Breakout for This Altcoin

A widely followed cryptocurrency trader and analyst is predicting that an Ethereum competitor will hit a new all-time high, while another altcoin will have an explosive rally. The pseudonymous crypto analyst and trader known as Smart Contracter says that the native token of layer 1 (L1) blockchain, Terra (LUNA), could appreciate by about 66% from

Acala Wins First Parachain Auction Slot on Polkadot

Riding on the strength of over 81,000 community members, Acala Network, an Ethereum-compatible smart contract platform optimized for Decentralized Finance (DeFi) won the first parachain auction on the Polkadot network. The historic milestone comes after investors committed more than 32 million DOT tokens worth more than $1.28 billion. The DOT was donated as loans to the

Bitcoin Mining Firm PrimeBlock Looks to Go Public Via $1.5B SPAC Merger

Prime Blockchain Inc, a Bitcoin mining and infrastructure company, is preparing to go public in the U.S. through a special purpose acquisition company (SPAC). The moves underscore the increasing interest in the Bitcoin space.   Prime Blockchain, also popularly known as PrimeBlock Bitcoin mining company, is currently in talks to go public in the U.S.

Digital Currency Group Lands $600M Debt Funding

Grayscale Investments’ parent company Digital Currency Group (DCG) said it has secured a $600 million credit funding, billed to power its many diverse operations.  As announced by the company, Eldridge led and served as the administrative agent of the credit facility, and amongst the lenders and funds which bankrolled the facility includes Capital Group, Davidson

Crime across DeFi Platforms Surged to $10.5B in 2021

The decentralised finance (DeFi) sector continues to take the world by storm, having scaled the heights to become a billion-dollar industry worth $86 billion, according to market insight provider DeFi Pulse.  Nevertheless, blockchain analytic firm Elliptic noted that crime has grown at an alarming rate in this industry by hitting $10.5 billion so far this

Solana Takes the Helm as the Most Staked Crypto, Cardano Goes Second

The neck-to-neck battle among Solana (SOL), Cardano (ADA), Ethereum (ETH), and Polkadot (DOT) continues because they have gained the upper hand in different crypto areas like decentralized finance (DeFi), non-fungible tokens (NFTs), and staking. Even if Ethereum takes the lion’s share in DeFi, Solana is the victor when it comes to staking with a value

ConstitutionDAO fails to win Sotheby’s auction

The online group, ConstitutionDAO, has failed in its bid to purchase the last privately owned, 1st edition print copy of the U.S. Constitution at public auction at Sotheby’s on Thursday.  “The ‘Official Edition’ of The United States Constitution” was instead won by an unknown bidder for $41M (or $43.2 million after auction fees), meaning the