EigenLayer, Ritual Partner to Develop AI-enabled DApps
EigenLayer, the largest restaking protocol by total value locked (TVL) on Ethereum, has formed a partnership with Ritual, a community-owned artificial intelligence (AI) network, to develop decentralized applications (DApps) powered by AI. A press release states that the partnership intends to implement Ethereum-level restaking security on the Ritual network and integrate AI capabilities into decentralized […]
Avalanche Pauses Block Production Following Technical Issues
A significant technical issue with the Avalanche decentralized application (DApp) platform impacted the block production of the proof-of-stake (PoS) blockchain. Avalanche’s principal network encountered block production issues on February 23 at 12:02:27 pm UTC, ostensibly stopping the network. The majority of the time since the last block on Avalanche’s P-Chain, X-Chain, and C-chain subnets was […]
Former US President Trump Changes Stance Towards Bitcoin
Donald Trump, the former president of the United States, has changed his opinion about Bitcoin; however, X users quickly pointed out that Trump’s recent change toward Bitcoin could be just an election-related tactic. In reply, Trump stated that the U.S. dollar continues to be his preferred currency, but he also acknowledged Bitcoin’s increasing popularity and […]
Solana NFTs Trade Hit All-time Sales Volume of $5B
Solana-based Nonfungible tokens (NFTs) trade reached a record-breaking $5 billion in sales volume following a surge in NFT trading activity on the blockchain over the past months. As of February 23, the data aggregator CryptoSlam reported that the Solana network-based NFT sales volume had reached a record-breaking $5,013,847,972. According to the data, the blockchain has […]
EU AMLA to Establish HQ in Frankfurt Germany
Frankfurt, the financial metropolis of Germany, will serve as the headquarters (HQ) of the new Anti-Money Laundering Authority (AMLA) of the European Union. The organization will commence operations by the middle of 2025. Operating across borders or deemed high-risk, the AMLA will have the authority to regulate “high-risk and cross-border financial entities,” which includes cryptocurrency […]