Author: Crypto Insider

Google search volumes for the term “Bitcoin” reached 1-year lows during the week of October 12, 2024. Out of a scale of 100, worldwide interest in the search term dropped to just 33 by the end of the week. Meanwhile, the search volume for “memecoins” was 77 out of 100 during the same period but…

Why do traditional supply chain processes need blockchain? Traditional procurement and supply chain processes can be manual, scattered, inefficient and complex. The use of blockchain in procurement can address these issues by making them faster, more organized and cheaper. Procurement involves sourcing, purchasing and receiving goods and services. It’s a key part of supply chain…

Andre Cronje, the co-founder of Sonic Labs, has critiqued layer-2 (L2) appchains, claiming they are impractical for builders. In an Oct. 13 X post, Cronje raised concerns about high infrastructure costs, fragmented liquidity and insufficient support for developers. He suggested these challenges hinder the widespread adoption of appchains. Appchains are customized blockchains designed to meet the specific…

United States regulators have received over $19 billion in lawsuit settlements from crypto companies in 2024 so far, representing almost two-thirds of all settlements to date. Data in an Oct. 9 report from CoinGecko shows bankrupt crypto exchange FTX and affiliated trading firm Alameda are responsible for most of the funds, with $12.7 billion paid to the Commodity and Futures Trading…

Tokenized commodities, explained Tokenized commodities represent fractional ownership of real-world assets using digital tokens on a blockchain while preserving their tangible value. Tokenized commodities are digital versions of real-world items like gold, oil or crops recorded on a blockchain. Each token represents a part or whole of a commodity, making it easier to divide and trade….

Scroll, an Ethereum layer-2 project, was recently listed on the centralized cryptocurrency exchange Binance, sparking debate in the crypto community about centralization. The listing, announced on Oct. 11, was praised for its potential to boost growth but criticized for its perceived alignment with centralized entities. Concerns were raised about whether the project was compromising on…