Coins.ph Enhances Referral Program with Trade Rewards on Coins Convert
Coins.ph introduces a revamped referral program, offering users rewards not only for inviting others but also for trades conducted on Coins Convert, the platform's crypto buy-and-sell feature. This expansion of the referral program aims to incentivize users to engage in cryptocurrency transactions through Coins.ph, further promoting the adoption of its services. The inclusion of trade rewards adds a new dimension to the referral program, encouraging users to explore and utilize the platform's crypto trading features. (BitPinas)
Ethereum Goerli Testnet Upgrades with Danksharding Protocol
The Ethereum Goerli testnet undergoes a significant upgrade with the implementation of the Danksharding protocol, aiming to enhance the network's scalability and performance. Danksharding introduces sharding techniques to distribute the workload across multiple nodes, improving efficiency and transaction throughput. This upgrade marks a crucial step in Ethereum's ongoing efforts to address scalability challenges and prepare for future developments. (The Block)
Avalanche Inscriptions Attract Record User Interest Amidst BRC-20 Hype
Avalanche blockchain experiences a surge in user interest as inscriptions on the platform reach record levels, coinciding with the rising popularity of BRC-20 tokens. The Avalanche network's growing ecosystem, fueled by the excitement surrounding BRC-20 tokens, contributes to heightened user engagement. This increased interest underscores the platform's appeal and potential within the broader blockchain and cryptocurrency landscape. (Cointelegraph)
Bitcoin ETF Sees Robust Trading Activity in Initial Days
Spot Bitcoin ETFs have demonstrated strong market reception, accumulating a combined trading volume of approximately $10 billion within their first three days of trading. This noteworthy achievement underscores the growing demand for investment products that provide exposure to Bitcoin within the traditional financial landscape. The substantial trading activity reflects investor enthusiasm for the newly introduced ETFs, marking a significant milestone in the integration of cryptocurrency into mainstream financial markets. (Blockworks)
Circle Reports Surge in USDC Adoption for Asia Remittances
In a recent report, Circle highlights a surge in the use of USDC (USD Coin) for remittances in Asia. The report emphasizes the increasing popularity of the stablecoin in facilitating cross-border transactions and its role in providing a reliable and efficient digital dollar solution. Circle's findings underscore the growing adoption of USDC as a preferred choice for remittance services in the Asian market. (CoinDesk)
Ether Price Surges as Ethereum Network Transactions Reach Multi-Year High
The price of Ether (ETH) experiences notable gains as Ethereum's network transactions achieve a multi-year high. The surge in transaction activity on the Ethereum blockchain reflects growing user engagement and utilization. This positive momentum contributes to the overall bullish sentiment surrounding Ether, highlighting increased interest and activity within the Ethereum ecosystem. (The Block)
Manta Network Emerges as Fourth Largest Ethereum Layer-Two Solution
Launched in September, Manta Pacific has swiftly risen to become the fourth-largest Ethereum layer-two solution, amassing an impressive $840 million in total value locked (TVL). To celebrate its success, Manta Pacific announces a MANTA airdrop, distributing 50 million tokens to further engage and reward its growing user base. The combination of substantial TVL and the token airdrop underscores Manta Pacific's rapid adoption and commitment to user participation. (BeInCrypto)
Uniswap Generates $2.6 Million in Revenue Following Fee Rollout
Uniswap, a decentralized exchange (DEX), has reported a revenue of $2.6 million within three months of implementing trading fees. The introduction of fees aims to sustain the platform and support ongoing development. Despite initial concerns about user backlash, Uniswap's revenue model appears to be successfully contributing to the sustainability of the decentralized finance (DeFi) ecosystem. (Crypto Briefing)
BlackRock Eyes Ethereum ETF Following Bitcoin's
BlackRock expresses interest in launching an Ethereum exchange-traded fund (ETF) after the success of its Bitcoin ETF, but potential marketing hurdles may arise. While the company acknowledges the growing demand for Ethereum exposure, navigating regulatory complexities and effectively marketing an Ethereum ETF pose challenges. Despite the hurdles, BlackRock aims to expand its cryptocurrency offerings to meet the increasing investor demand for diverse digital asset investment options. (CoinDesk)
Surge in NFT Trading Activity Indicates Growing Market Momentum
The NFT (Non-Fungible Token) market experiences substantial growth, marked by a remarkable 445% increase in the number of NFTs sold throughout the year 2023. This surge underscores the escalating popularity of digital assets, with a significant uptick in transactions and sales within the NFT space. The impressive growth in NFT sales reflects the expanding appeal and acceptance of unique digital tokens across diverse sectors and industries. (BeInCrypto)
