TRONDAO Q2 2024 Financial Report: Robust Growth Across Key Metrics

TRONDAO’s Q2 2024 financial report reveals significant growth across several key metrics, highlighting the platform’s expanding influence in the crypto space. TRON’s fees and revenue surged by $21.3 million compared to the previous quarter, reflecting a more than 52% year-over-year increase. This financial boost underscores the growing adoption and usage of the TRON network. The … Read more

Crypto Industry Sees Surge In Unique Active Wallets And Transactions In Q2 2024

The crypto industry experienced significant growth in Q2 2024, with over 10 million unique active wallets (UAW) created between April and June, marking a 40% increase from the same period last year, according to DappRadar. This surge in UAWs was observed across all industry segments, with SocialFi leading the charge. The rise of SocialFi highlights … Read more

Solana Memecoin $BILLY Surges To New All-Time High Amidst Market Turbulence

Despite the current turbulent market conditions, the Solana-based memecoin $BILLY has shown impressive resilience, achieving a new all-time high (ATH) at $0.1715. This marks a significant 38% increase in just 24 hours, highlighting its robust performance amidst broader market uncertainty. According to on-chain reports, a notable whale has been actively investing in $BILLY over the … Read more

Tangem Partners With Visa to Launch Self-Custodial Crypto Payment Card

Hardware wallet firm Tangem AG is collaborating with Visa to launch a self-custodial payment solution. This collaboration introduces a Visa payment card integrated with a hardware wallet, allowing Tangem users to make payments using their crypto or stablecoin balances at any Visa-accepting merchant across Europe. Unlike traditional custodial solutions, Tangem’s card embeds a private key … Read more

Zambia to Outlaw Use of Foreign Currency, Criminals Could Face Jail Time for up to 10 Years

The Bank of Zambia has proposed a new series of guidelines that seek to outlaw the use of foreign currency, including the U.S. dollar, for local transactions. If finally approved, the document would establish harsh penalties for infringement, including jail time for up to ten years and hefty fines. Zambia to Punish Illegal Use of … Read more

Corruption in Paraguay: Senator States Illegal Bitcoin Mining Farms Pay up to $500,000 to Operate Underground

Salyn Buzarquis, a Paraguayan senator, blasted the National Power Administration of Paraguay (ANDE), stating that high-ranking officials charged illegal bitcoin mining farms for operating underground. Buzarquis stated these unnamed officials collected up to $500,000 in bribes monthly and called for the resignation or interrogation of ANDE’s President Felix Sosa on this matter. Senator States National … Read more

Crypto Theft Surge: Hackers Steal $1.38 Billion in First Half of 2024, Doubling 2023 Figures

A new report by blockchain intelligence firm TRM reveals that crypto thefts in the first half of 2024 have doubled compared to 2023, with $1.38 billion stolen by June 24. Major hacks constitute 70% of losses, with private key compromises and smart contract exploits as top attack vectors. Crypto projects are advised to adopt comprehensive … Read more