A Galaxy Research report has suggested that most Bitcoin layer-2 scaling networks, particularly “rollups,” may not be sustainable in the long term despite their popularity as a promising method to keep Bitcoin payments cheap, fast and decentralized. In the report published on Friday, Aug. 2, Galaxy analyst Gabe Parker highlighted the cost of posting data as a…

Solana, Cardano and other crypto assets have a slim chance of being approved as spot exchange-traded funds (ETFs) in the United States and could have an even more difficult time attracting investors. Speaking to Cointelegraph, Katalin Tischhauser, head of investment research at Sygnum Bank, joined a recent string of commentators who expressed skepticism that other…

The crypto market has just clocked its largest three-day sell-off in almost a year, shedding $313 billion since Aug. 2. The sharp crypto sell-off arrived amid faltering performance from equities with the S&P 500 falling as much as 4.4% in the same time frame. The market stumble has been led by weak employment data, slowed growth…