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News – Page 413 – DIGIT INFO

Arbitrum Witnesses Surge In TVL Amidst Successful Incentive Program

Arbitrum, a prominent layer 2 scaling solution for Ethereum, has experienced a notable surge in Total Value Locked (TVL) following the introduction of its Short Term Incentive Program (STIP). Launched with the intention of distributing 50 million $ARB to Dapps within the ecosystem, the program aims to catalyze network and ecosystem growth, with all incentives … Read more

BASE, Ethereum Layer 2 Chain Hits $10 M In Cumulative Revenue Since Launch Date

BASE, an Ethereum Layer 2 (L2) chain, has achieved a significant milestone by surpassing $10 million in cumulative revenue since its launch in early August 2023. As a Layer-2 scaling solution developed on the Optimism technology stack, BASE provides a secure, cost-effective and developer-friendly environment for on-chain development. Thereby, contributing to its rapid growth and … Read more

ChainLink Unveils Staking V0.2 Inorder To Expand Participation 

In an effort to make its native staking mechanism, Chainlink Staking, more inclusive, the decentralized oracle network Chainlink has launched the latest version, Staking v0.2. Of course, this upgrade opens up staking opportunities to a broader audience of LINK token holders by introducing a 45 million LINK token pool, approximately 8% of the current circulating … Read more

DYDX Sees Decline As Token Unlock Event Looms

In recent years, dYdX has emerged as a prominent player garnering positive attention from investors and the wider community. However, a recent downturn in the token’s value has raised questions. According to Lookonchain, “Whale”0x2A25” deposited the entire 1.5M $DYDX ($5.08M) received from dYdX Distributor to Binance 6 days ago, potentially instigating the sell-off. Compounding the … Read more

Binance CEO Announces Resignation And Pleads Guilty To Criminal Charges

Changpeng Zhao, the CEO of Binance, has decided to step down from his role and admit guilt to criminal charges. This move comes as part of a settlement with the US government, which has leveled three specific charges against Binance: conspiracy, violation of the International Emergency Economic Powers Act, and operating an unlicensed money-transmitting business. … Read more

Boyaa Interactive Ventures Into Cryptocurrency Space With $100 Million Investment Plan

Hong Kong-based company Boyaa Interactive, famous as China’s largest board and card game manufacturer, is poised to make a substantial introduction to the universe of cryptocurrencies. The company has brought out plans to invest $100 million in digital assets, principally focusing on top cryptocurrencies such as Ethereum (ETH) and Bitcoin (BTC). Notably, as a leading … Read more

Ripple Teams Up with Onafriq To Alter African Remittance

Ripple, a pioneer in blockchain-based payment solutions, has produced a significant partnership with Onafriq, a fintech company, with a vision to establish novel remittance corridors among Africa and key regions such as the Gulf Cooperation Council (GCC), the Unified Kingdom, and Australia. Leveraging Ripple’s innovative payment technology, this joint effort sets out to address normal … Read more

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