Stacks Active Accounts Hit High Record Amid Bitcoin DeFi Interest
Stacks, a leading Bitcoin layer-2 network, achieves record active users propelled by increasing interest in Bitcoin-native DeFi, reaching 122,497 active accounts in April. The foremost layer-2 (L2) Bitcoin network Active users on Stacks have attained an all-time high, propelled by an increasing fascination with decentralized finance (DeFi) that is native to Bitcoin. April witnessed a […]
Friend.tech v2 Airdrop to Introduce Non-Transferable Tokens
A disclosed smart contract indicates that version two of the decentralized social media platform Friend.tech, which is preparing for its May 3 launch and airdrop, may contain controversial features, such as a non-transferable token. A non-transferable token may be included in the airdrop of the Friend.tech v2 smart contracts, according to a May 2 X […]
Microsoft Invests $2.2B for Cloud, AI Expansion in Malaysia
Microsoft has declared a four-year, $2.2 billion investment in Malaysia towards the expansion of its artificial intelligence (AI) and cloud services. As per a blog post, the investment represents the most substantial in the 32-year tenure of Microsoft in Malaysia. The investment encompasses the construction of cloud and AI infrastructure, providing AI-skilling opportunities for 200,000 […]
Axelar (AXL) Price Surges, Achieves New Record
Axelar’s native cryptocurrency AXL experiences a robust 14% surge within 24 hours, reaching $1.21 with a market cap of $781 million, accompanied by a 76% increase in daily trading volume. AXL, the native cryptocurrency of the Web3-unifying multichain platform Axelar network, has experienced a 14% increase over the past twenty-four hours. The Axelar (AXL) price […]
Indian ED Partners with Binance, Others to Bust Scam App
Indian law enforcement agency, the Enforcement Directorate (ED), with the help of Binance, ZebPay, and WazirX crypto exchanges, tracked funds linked to the E-Nugget scam app. A report by the Hindu indicates that E-Nugget, an online gaming application, maintained cryptocurrency holdings equivalent to $10 million in seventy distinct wallet accounts distributed across three cryptocurrency exchanges. […]