Author: Crypto Insider

Nearly half of the top wallets that received the new zkSync (ZK) token on Monday have already sold their entire allocation in the airdrop, contributing to a 34.5% fall in the price of ZK since its launch. Data from blockchain analytics firm Nansen shows that nearly 41% of tracked addresses sold their entire airdrop, while 29.2%…

More than $100 billion has been raised for cryptocurrency startups since the end of May 2014. Looking back, there have been highs and lows amid regulatory uncertainty and market volatility. But the past four years have seen both the ceiling and floor raised despite continuing peaks and troughs. Data sourced from TVL aggregator DefiLlama shows that as…

The Ethereum ecosystem’s combined transactions per second (TPS) has exploded to a new all-time high, thanks to a sudden TPS spike in a relatively unknown Ethereum layer 3. L2BEAT data shows that the Ethereum scaling networks, including layer-2 and layer-3 blockchains, registered a combined 246.18 TPS on June 16, which equates to an estimated 21.2 million transactions…

Ethereum zero-knowledge layer-2 scaling platform zkSync has continued to defend criticism over the criteria for its zkSync (ZK) token airdrop, slated to launch on June 17. In a frequently asked questions (FAQ) document updated on June 15, ZK Nation answered 15 questions mostly aimed at explaining why some groups were eligible for the token while others weren’t. One of its longer…

Ethereum co-founder Vitalik Buterin has endorsed the new Token for Image Tokenizer (TiTok) compression method for its potential blockchain application. Not to be confused with the social media platform TikTok, the new TiTok compression method significantly reduces image size, making it more practical for storage on the blockchain. Buterin highlighted TiTok’s blockchain potential on the decentralized social…

Major financial institutions on Wall Street should be held responsible for bankrolling the emissions-heavy Bitcoin mining industry, according to a new report by Greenpeace USA. The report, titled “Bankrolling Bitcoin Pollution: How Big Finance Supports a New Climate Threat” from the environment-focused nongovernment organization (NGO), differs from previous Greenpeace papers on the Bitcoin mining industry. In…