Tornado Cash sees $1.9B resurgence this year despite sanctions
    19 Jul 2024

    Banned crypto mixer Tornado Cash has witnessed a surprising uptick in deposit volume in the first half of 2024 despite ongoing sanctions and continued legal strife for its founding team. According to data from Flipside Crypto, Tornado Cash has received some $1.9 billion in deposits in the first six months of this year, a 50% increase from…

    Solana traders notice ‘huge’ bullish pennant as price jumps 17%
    19 Jul 2024

    Traders have pointed out a bullish pattern emerging on Solana’s price chart, leading some to anticipate a price rally after the asset surged 17% over the past seven days. “SOL HUGE PENNANT on the 1D chart,” trading resource CryptoBusy wrote in a July 18 post, which is a pattern that develops when the price consolidates inside a…

    Blockchain identity platform Fractal ID suffers data breach
    18 Jul 2024

    Blockchain identity platform Fractal ID suffered a data breach on July 14, according to a notice published on Fractal’s website on July 17. Partners of the platform include the payment system Gnosis Pay, decentralized finance app Acala, the proof of personhood project Polygon ID, the social media platform Lukso, and other Web3 applications. In its…

    Trading on crypto exchanges fell for 3rd month straight in June: CCData
    18 Jul 2024

    Trading volume on centralized crypto exchanges fell by 21.8% in June, marking the third consecutive month that combined spot and derivatives volumes have trended downward since March. In a July 17 markets report CCData shared that the combined spot and derivatives volume across all centralized exchanges stood at $4.2 trillion in June, down 53% from the record…

    Is SocialFi the future of crypto? One SocialFi platform invites users to stay ahead of the curve
    18 Jul 2024

    Pulse, an emerging SocialFi platform, seamlessly integrates trading and social experiences on Ethereum layer 2, providing advanced security while evangelizing community engagement. Navigating Web2 social platforms has been nothing short of a battlefield for users and content creators alike. Centralized entities wield absolute decision-making power, resulting in changes that often neglect the broader community’s needs….

    Binance’s BNB Chain introduces layer-2 testnet powered by Optimism
    17 Jul 2024

    Binance-founded layer-1 blockchain BNB Chain has introduced a new layer-2 chain that it hopes will address its “scalability challenge.” On June 19, BNB Chain unveiled opBNB, which has launched as a testnet. The new layer-2 scaling solution is based on the Optimism OP Stack, which it says will add additional security and scalability to the Binance blockchain…