Ore Project Ceases Solana Mining Amid Network Congestion

Starting from today, the Ore project, famous for its mining process resembling Bitcoin, has announced a halt to all mining activities. This decision came in response to worsening traffic on the Solana network due to prolonged automated mining since Ore’s inception. The increased mining activity exacerbated existing congestion issues for Solana. I’ve made the decision … Read more

Google Opens Office in El Salvador to Aid Digital Transformation

Google, known for its technological leadership, has entered El Salvador to support the country’s digitalization efforts. This move comes after El Salvador announced its plan to offer citizenship to 5,000 tech-savvy individuals. At the inauguration of El Salvador’s new Google office, President Bukele reflects on the remarkable progress of his country, once a mere memory … Read more

PayPal Revises Protection Policies for NFT Transactions

Beginning May 20, 2024, PayPal will make a change in their policy regarding Non-Fungible Token (NFT) transactions on their platform. From this date forward, buyers will no longer be covered by PayPal’s buyer protection program for NFT purchases. The company plans to modify its seller safety policy, eliminating certain protective measures for NFT deals priced … Read more

GameFi Heats Up as Crypto Prices Soar

During the ongoing cryptocurrency bull market, the GameFi sector is experiencing a notable resurgence. Contrary to the sluggish progress of the past two years, GameFi initiatives are currently more dynamic, marked by an increase in new product rollouts and strategic collaborations. StepN and Adidas are teaming up for a limited-edition NFT sale on the Solana … Read more

Bitcoin mining stocks continue to slump ahead of halving

The stock prices of Bitcoin mining businesses are dropping significantly as they prepare for the upcoming halving event. Marathon Digital Holdings, the biggest publicly traded Bitcoin mining company, along with Riot Platforms and CleanSpark, have experienced three straight days of share price drops. Marathon Digital Holdings suffered a significant loss of approximately 25% over the … Read more