Author: Alyz Garsia

Uniswap Labs touched a new milestone by earning revenue of more than $50 million in uniswap front end fees. It is the same company behind the development of the Uniswap protocol. On October 18, 2023, the protocol enhanced its fee structure and charged a 0.15% fee to certain cryptocurrencies on its web interface and wallet. The tokens affected by this change are LUSD, ETH, USDC, agEUR, WETH, USDT, DAI, WBTC, EUROC, GUSD and XSGD. This change in fee structure resulted in generating a revenue stream for the protocol. In the middle of April, the protocol further enhanced the fee structure…

In Q2, venture capital poured $685 million into crypto infrastructure projects, highlighting their dominance in funding. Despite a decrease in the total number of deals, crypto startup investments saw a slight increase in venture capital compared to the first quarter, according to Pitchbook. Crypto Startup investments: Big wins and slowdowns  On August 9, Pitchbook reported a 2.5% increase in total invested capital but a 12.5% drop in the number of deals compared to Q1. Pitchbook suggests this could indicate growing interest from institutional investors. “With investor sentiment improving and no major market setbacks, we anticipate that investment activity will keep…

Despite a sharp decline of $360 million in trading volume, the dogecoin price jumps a 4% rise in its price and is trading at $0.109 at the time of writing. The coin is counted in the top 10 cryptocurrencies with a trading volume of $475.72 million and encountered a 10.06% decline in the current market scenario. Although the trading volume is declining, 73% of Doge traders are in profit, according to the data of IntoTheBlock. On July 29, the token witnessed a major sell-off, and the price declined from $0.13 and reached a support level of $0.081 by August 5.…

The AU Executive Council has endorsed what is called the “Continental Artificial Intelligence Strategy,” and each of the member countries, including Nigeria, has support regarding the AI adoption across Africa in both the private and public sectors. This will give the much needed impetus on the development of AI and growth to par with Nigeria’s digital economy vision. The AU announced this major move through a statement that was uploaded on its website on the 9th of August, 2024. AI for Africa: New strategy launched to boost development and governance The African Union’s AI plan is said to have been…

President Vladimir Putin has signed a crypto mining regulations bill on Thursday that would formally recognize and regulate cryptocurrency mining in Russia.  Integration of this new law will be a milestone for the country as it enters the international cryptocurrency market. But it also has prohibitive clauses to forbid unlawful actions, which will allow Russia to engage and regulate the digital finance. Crypto mining regulations: Who can mine and who’s exempt Since this November, legal amendments will only allow registered legal entities and individual entrepreneurs to mine cryptocurrencies in Russia. This is pursued in the pursuit of achieving the best…

Shiba Inu beats Ethereum in 12-month growth. The popular dog-themed meme coin, has reached a new milestone by slightly outperforming Ethereum (ETH), the second-largest cryptocurrency, over the past year. SHIB continues to push boundaries and grow in unexpected ways. Shiba Inu beats Ethereum in 12-month gains Lucie, the marketing executive for Shiba Inu, shared an update on social media platform X today, coinciding with a broader market rally. This rally saw both SHIB and Ethereum (ETH) gain over 6% in a single day. Over the past year, SHIB has outpaced Ethereum by a small margin. According to Coincodex data, SHIB’s…

During the bullish phase, the meme coins showed very high volatility and increased positive sentiments after the latest reversal. Memecoin prices are ready to double this month? However, Popcat and Dogwifhat are among the fast performers who displayed the sharpest bullish moves and hence gained recognition. Let’s examine the price trends of the hottest meme coins, POPCAT and WIF. Memecoins prices are ready to double this month?: POPCAT analysis On the daily chart, this is signaling that Popcat’s bull run is getting stronger and signaling the end of its correction. It is now embarking on a bull cycle with a…

Bitcoin price has seen a blood bath during Ghost Month since 2017, and this year hasn‘t changed anything. Bitcoin made a great comeback by recovering 13% in its price after dropping its price to $49,050, but during this ghost month, investors need to remain cautioned especially in the Asian market. According to this Chinese lunar calendar, ghost month appears from Aug. 4 to Sep. 2. It is technically the seventh month of the year, or August, and ends in early September. According to Chinese people, this month brings bad luck, and while considering Bitcoin, the price declines during this phase…

The recent Robinhood trading suspension has sparked significant attention as the platform halted its 24-hour market execution venue, Blue Ocean ATS. On August 6, the Robinhood app suspended Blue Ocean due to overnight trading on its platform. The trade began at midnight UTC and ended in the morning at 8 a.m. UTC according to the Robinhood support account which told X about the incident. He further stated that people can still place an order and cancel it, but trades that took place at midnight will be routed for completion in approximately 8 hours. Robinhood’s latest 24-hour trading pause followed another…

Ethereum co-founder Vitalik Buterin came up with plans to improve cross-chain L2 communication, which will improve the user experience within the Ethereum ecosystem. In the Aug 6 post, Buterin responded to a question to resolve the cross-layer 2 issue. He explained that people will think about how fast the problem vanished from cross-layer 2 and how smoothly the Ethereum ecosystem is working He further added that he sees “lots of energy and will to make this happen,” before mentioning some Ethereum Improvement Proposals (EIPs) in the process of l2 communication. One next step in the roadmap is EIP-3370, which introduces…