Browsing: Blockchain News
Cryptocurrencies rely on blockchains, distributed ledgers that store verified transaction records publicly. With global adoption by governments and financial institutions, it’s crucial to track blockchain developments. Join us to explore its potential as a revolution or hype, and its impact on secure global trade and finance.
Crypto Industry Sees Surge in Talent Acquisition as Companies Strengthen Expertise in Custody, Technology, and Regulatory Affairs. Dfns, a Web3 wallet infrastructure and security firm, made significant additions to its team this week with the recruitment of two former executives from Gemini and Genesis. The strategic hires include John Conneely, who previously held the position of head of institutional custody at Genesis, and Noah Cornwell, former vice president of engineering at Gemini. These new additions are expected to bolster Dfns’ expertise in business development, sales, technology, and product development. John Conneely, now serving as the vice president of business development…
Bitcoin mining smashes market expectations with an unprecedented hashrate, defying fears and showcasing its robust power. In a surprising turn of events, the 7-day Bitcoin mining hashrate has reached a new all-time high (ATH) of 381 EH/s, according to data from on-chain analytics firm Glassnode. This achievement comes at a time when the cryptocurrency market is riddled with fear, uncertainty, and doubt (FUD). The mining hashrate serves as an indicator, measuring the total computing power connected to the Bitcoin blockchain by miners. When the value of this metric rises, it signifies that more machines are being brought online by miners.…
By connecting to Arbitrum’s expanding ecosystem, Circle’s stablecoin USDC improves liquidity transfer and increases the number of blockchains it may use.Circle, a leading company in the digital currency space, has made a significant move by unveiling the integration of its stablecoin on Arbitrum, Ethereum’s prominent layer 2 scaling solution. This development marks Arbitrum as the ninth blockchain to support USDC, enabling seamless swapping of the stablecoin across multiple chains while eliminating the usual costs and delays associated with bridging transactions. The timing of this integration holds particular significance, as Arbitrum recently encountered a temporary setback in on-chain transaction verification caused…