Crypto News

Neon EVM is a low-friction solution that enables Ethereum dApps to settle transactions on Solana. The EVM helps breach the gap between Ethereum and Solana. Since the Neon EVM beta is closed it will only accept transactions for those on the guest list. Neon Labs, an Ethereum virtual machine on Solana that enables dApp developers to use Ethereum tooling to scale and get access to liquidity, has announced that it has launched a closed Neon EVM beta version, Neon EVMβ, on Solana’s mainnet. The launch is a significant milestone for the Neon EVM roadmap. The Neon EVMβ is a fully-functioning Neon EVM that supports fee-free transactions.  All Neon EVM transactions are settled to Solana’s L1 and require payment in SOL, the native token of Solana , just like any other Solana transaction. However, in the just-launched beta version, the NEON token is not requested by the Proxy Operator responsible for accepting the transaction request and ensuring that it is finalized. What is Neon EVM...

Voyager customers can create an account on Gemini to receive their cryptocurrencies. The crypto exchange will however only allow supported tokens, and users may lose unsupported assets sent to Gemini accounts. Voyager Digital filed for bankruptcy protection in July 2022. Regulated crypto exchange Gemini has added support for crypto withdrawals for customers of the bankrupt crypto lender Voyager Digital. Gemini noted in a blog announcement on June 25 that crypto transfers for Voyager victims are open, and will run through July 2023. To access the support, Voyager bankruptcy victims will have to create a Gemini account from which they will process the withdrawals.   “ Through July 23, 2023, Voyager customers impacted by the Voyager bankruptcy can create a Gemini account to withdraw their crypto in-kind, pursuant to the claims of the distribution process ,” the exchange wrote. Gemini only allows withdrawals for supported tokens Voyager Digital filed for bankruptcy protectio...

NEAR price tapped double-digit gains on Monday after news of a partnership with Alibaba. The NEAR token rose to highs of $1.61, a 3-week high going back to early June. NEAR’s upside followed news of NEAR Foundation’s partnership with Alibaba Cloud to support Web3 in Asia and the Middle East. The NEAR Foundation, the non-profit organisation helping to develop the NEAR blockchain, has struck a major partnership with Alibaba Cloud, the computing and storage arm of Chinese tech giant Alibaba. NEAR Protocol price jumped double digits following the news, soaring from $1.35 to $1.61 early Monday. The 3-week high for NEAR/USD comes as the broader crypto market looks to build on last week’s upward momentum that got legs from the spot Bitcoin ETF news . NEAR Foundation partners Alibaba Cloud The NEAR Foundation will be partnering with Alibaba Cloud to advance Web3 adoption in Asia and the Middle East.  According to an announcement from the Switzerland-based non-profit, the collabo...

WavesDAO is a For-Profit DAO on the Power Protocol platform aimed to support the development of Waves Blockchain-based projects. Market maker DWF Labs has committed 500K WAVES to the WavesDAO project. The WavesDAO is seeking to channel a third of Waves miners’ rewards into the Waves DAO during the initiation period. WAVES price has hit a daily high of $2.82 today after a 91.23% price surge in 24 hours. While the surge caught most crypto traders by surprise, the price movement was coming seeing that global digital asset market maker and web3 investment firm DWF labs had shown commitment to the WavesDAO project. DWF Labs, on June 22, announced its support for the launch of WavesDAO by committing 500K WAVES to Waves staking and voting to support the WavesDAO project. DWF Labs’ participation in the DAO initiative will go a long way in empowering developers to build on the Waves Blockchain. What is WavesDAO? WavesDAO is a For-Profit decentralized organization (DAO) on the Power Pro...

At press time, BCH price had risen by 52% in the last seven days and 28% in the last 24 hours. BSV, on the other hand, had gained 77% in the last seven days and 30% in the last 24 hours Bitcoin (BTC) has only gained 15% over the last seven days. Recently, attention has been focused on Bitcoin (BTC) and its hard forks, Bitcoin Cash (BCH) and Bitcoin SV (BSV) that split off from the main chain. In the last seven days, the prices of BSV and BCH have skyrocketed, outperforming even BTC. Despite the markets showing a consolidated trend after the recent price movements, prices of most cryptocurrencies are still skyrocketing with BCH and BSV being among the top three gainers today falling behind Waves (WAVES) which has shot up by 85% today. Crypto market breakout after US SEC onslaught The SEC lawsuits against Binance and Coinbase for allegedly violating US rules and regulations sent the markets into a sharp decline. However, the drop did not last long. The prices were up agai...

Bitcoin rose to above $31,450 on Friday, its highest level since June 2022. BTC price spiked to the year-high level after the SEC allowed the Volatility Shares 2x Bitcoin Strategy ETF, or BITX. This is the first leveraged Bitcoin Futures ETF in the US and comes after this week’s BlackRock-fueled bullish sentiment for the crypto market. Bitcoin smashed past the $31,000 level on Friday afternoon as the market reacted to the latest news about the US market’s first leveraged Futures Bitcoin exchange traded fund (ETF). The upside pushed BTC price to highs of $31,458 on crypto exchange Bitstamp, with the flagship cryptocurrency’s price setting a new year-to-date high and its highest level since June 2022. BTC traded at $31,170 at the time of writing, about 4% higher in the past 24 hours but an impressive 87% up YTD. SEC approves first leveraged Futures Bitcoin ETF On Friday, June 23, the US market entered a new chapter in crypto investing when the first leveraged Bitcoin Futures ETF...

Dash block reduction occurred at block height 1,892,161. Unlike Bitcoin halving that cuts block rewards in half, Dash reduces its reward by 7.14% after every 210,240 blocks. Currently, the reward is 2.3097 DASH and will reduce again in July 2024. The block reward on the Dash (DASH) blockchain network has reduced after its halving that took effect at block height 1,892,161. Like Bitcoin, Dash cuts its block reward. However, instead of the halving that for instance sees Bitcoin’s block reward cut in half every four years, Dash reduces the reward by 7.14% every 210,240 blocks. With the network’s block time of 2.5 minutes, DASH block reward reduction happens approximately every 365 days. The   countdown to the next halving is estimated to occur in the first week of July 2024, with the block reward set to reduce from 2.3097 DASH to 2.1448 DASH. Dash block reward distribution Like in other mining coins, block reward reduction affects what miners earn for deploying their comput...