Author: Crypto Insider

The price of Telegram-linked Toncoin (TON) cryptocurrency has rebounded by approximately 50% month-to-date—including a 15% jump in the last 24 hours—to reach $7.10 on May 10, its highest level in three weeks. Toncoin has outperformed the broader crypto market, whose valuation has bounced by 15% in the same period. This performance indicates that, although Toncoin’s movements…

The International Monetary Fund (IMF) has recommended that Nigeria license global cryptocurrency exchanges as a part of its economic reformation measures. According to a recent IMF report, the bid to integrate cryptocurrencies into its financial system aims to secure Nigeria’s position in the African cryptocurrency market. It recommends that “global crypto trading platforms be registered or…

Ethereum restaking protocol Eigenlayer has launched its token-claim process, or “airdrop,” for Season 1, Phase 1 rewards, according to a May 10 blog post from the protocol’s development team. The claims process will allow users who are owed the new EIGEN token to finally acquire it, after weeks of waiting. However, EIGEN is currently nontransferable,…

Ethereum layer-2 blockchain Starknet will soon allow artificial intelligence (AI) agents on its blockchain that can autonomously perform on-chain activities for users, such as optimizing yield and re-allocating portfolios. Giza — a firm aiming to bring AI to blockchains — raised $3 million in a pre-seed round led by CoinFund in July 2023 and is…

Coinbase is preparing for a future of a billion customers using decentralized applications on millions of blockchains safely and securely in a system integrating the Ethereum Virtual Machine (EVM) and Circle’s USD Coin. Coinbase head of tokenization Anthony Bassili, speaking at TokenizeThis 2024 in Miami, said Coinbase’s Ethereum layer-2 Base blockchain will save time on Know Your…

Ethereum co-founder Joseph Lubin believes the United States Securities and Exchange Commission is intentionally hindering innovation, which threatens the country’s existing financial landscape. Speaking at FT Live’s Crypto and Digital Asset summit in London, Lubin unpacked Consensys’s decision to sue the SEC after receiving a Wells notice from the U.S. securities regulator. “The SEC appears…