Author: NBTC

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Howdy! Since it’s national poking fun at the British week: It’s a Chewsday, innit! And speaking of chewing, a bit more on those pesky sandwiches: Solana’s sandwich attackers are hanging around In early June, the Solana Foundation blocked a group of validators found to be participating in private mempools that facilitate “sandwich attacks” from receiving a delegation from the foundation’s stake. The Solana Foundation is a non-profit entity developing the Solana network. It has a sizable stake of solana…

The Graph, a blockchain protocol that allows users to index and query data on the ecosystem, has recently included Neo X support in its Subgraph Studio. Neo X developers can use The Graph’s services for high-speed decentralized applications (dApps) on the Neo network, thus improving data retrieval. Neo X is officially supported in @graphprotocol subgraph Studio!Neo X developers will benefit from The Graph’s expertise in blockchain data indexing and querying, offering efficient data access to create high-performance dApps for the Neo ecosystem.https://t.co/RrxySgDHPm pic.twitter.com/aEV7YFc6x4 — Neo Smart Economy (@Neo_Blockchain) August 29, 2024 Neo X Gains Powerful Data Tools of The Graph…

Coinbase, the largest cryptocurrency exchange in the United States, continues its investments without slowing down and the 40 projects they have recently invested in have been announced. Coinbase CEO Brain Armstrong announced on his X account that they invested in 40 startups founded by former employees of the exchange. Armstrong noted that these initiatives include notable names such as DeFi exchange dYdX, decentralized social network Farcaster, and on-chain social network Zora. These investments not only underscore Coinbase’s commitment to supporting innovation, but also underscore the important role its graduates play in shaping the future of the crypto industry. “Joining Coinbase…

Over the past week, Binance Smart Chain (BSC) has emerged as a dominant force in decentralized exchange (DEX) trading, surpassing Solana in trading volume for three consecutive days. According to recent data, BSC’s trading activity ranked second only to Ethereum, highlighting its growing prominence in the crypto ecosystem. On August 21, 2024, BSC recorded a DEX trading volume of $922.06 million, outpacing Solana’s $703.34 million. This trend continued on August 22, with BSC’s volume surging to $1.139 billion, while Solana managed $860.41 million. By August 23, BSC maintained its lead with a volume of $908.71 million, compared to Solana’s $846.74…

How will Sony’s Soneium stack up against existing blockchain giants, especially if BlackRock makes its anticipated move into the market? Table of Contents Understanding Soneium’s core purpose Soneium’s battle for dominance Traditional giants embracing blockchain Sony has long been synonymous with innovation, and now it’s making a bold entry into the blockchain world with its latest initiative: Soneium. On Aug. 23, Sony Block Solutions Labs — a collaboration between Sony Group and Singapore-based Startale Labs — announced the launch of this new project. Just a few days later, on Aug. 28, Sony further introduced the “Minato” testnet for Soneium, along…

Bitcoin‘s price has shown significant volatility, fluctuating between $59,113 and $60,284 over the past day and losing recent gains swiftly. Despite reaching above $60,000 at times, it failed to sustain this level, leading to quick profit-taking by investors. This pattern of forming long upper wicks during upward attempts highlights the current resistance faced by BTC. Significant Market Metrics The total value of cryptocurrencies now stands at $2.18 trillion, with BTC holding a 53% dominance, according to IntoTheBlock data. The supply of stablecoins has also surged to an impressive $173.46 billion. Nevertheless, due to a prolonged lack of demand, investors haven’t…

The worst looks to be over for Ethereum (ETH), as certain metrics suggest that the bottom is already in for the second-largest crypto by market cap. Based on this, ETH looks to be headed for a new all-time high (ATH), surging past its current ATH of $4,800. Ethereum MVRV Shows Bottom Is In Data from the onchain analytics platform Glassnode shows that Ethereum’s market value to realized value (MVRV) lowest pricing level is at $1,687, which suggests that the bottom is already in for the crypto token. These MVRV pricing levels highlight how low or high a token will likely…

In recent years, the cryptocurrency market has seen exponential growth, and one of the most significant developments in this context is the rise of crypto-linked ETFs and ETPs. What is the role of Coinbase? These financial instruments are gaining increasing popularity among global investors, with Europe establishing itself as a key player in this growth. According to a recent report by ETFGI, the assets invested in crypto ETF and ETP worldwide have reached a new record of 91.69 billion dollars at the end of July. In this article, we will explore how Coinbase, one of the main players in the…

Bitcoin ATMs have also grown in popularity as a means for customers to purchase and sell Bitcoin, offering an easy access point of sale. Athena Bitcoin has established itself as one of the leading operators. In this article, we will compare Athena Bitcoin ATMs with other Bitcoin ATM providers in terms of accessibility, features, and fees & user experience. Introduction to Athena Bitcoin ATMs Athena Bitcoin is a clear leader in the cryptocurrency ATM space, with deployment in multiple locations across the Americas (USA and Latin America). The company has gone through an expansion phase, meaning it will put more…

South Korean tech conglomerate Naver is launching its first crypto wallet, Naver Pay Wallet, in partnership with sports-focused blockchain Chiliz. Chiliz, an L1 blockchain built around supporting fan tokens, said in an August 29 X post that it has been selected as the first blockchain for the wallet, which is available to Naver’s more than 33 million users. Naver — known as the “South Korea’s Google” — operates the most used search engine in the country. According to Chiliz founder and CEO Alexandre DREYFUS, Naver Pay Wallet does not aim to be a typical crypto wallet, but a blockchain-based service…