Cryptocurrency Analysis and News Portal
National Australia Bank (NAB) says it has executed the first-ever cross-border stablecoin transfer by a major financial institution on a layer 1 public blockchain. The intrabank transfer used the bank’s fully backed AUDN stablecoin, which is tied to the Australian dollar. The transaction was conducted on the Ethereum blockchain and used
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By evening New York time, validators running Solana’s infrastructure had long since concluded that the best way to right the chain would be to synchronize a restart and fork the chain. A first attempt was abandoned when validators realized they picked the wrong point at which to restart, further lengthening
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The Solana smart contract token network experienced a technical glitch on Saturday, February 25, 2023, known as a “large forking event,” causing transaction failures for some users. Solana’s incident report referred to it as “cluster instability” and indicated that a coordinated restart was launched to accelerate block finalization. Solana Blockchain Deals
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According to Solana Explorer, the network was processing about 93 transactions per second near 2:00 AM east coast time, well below the network’s rate near 5000 TPS some 15 minutes prior. Such low throughput was preventing users of Solana from conducting effectively any on-chain activity, from trading to transferring assets. Source
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According to statistics recorded this week on Tuesday and Wednesday, the layer two scaling project Arbitrum’s transaction count has surpassed Ethereum’s. On Wednesday, Arbitrum processed 1,090,510 transactions, compared to Ethereum’s 1,080,839 transfer count. L2 Scaling Solution Arbitrum’s Daily Transfers Skyrocket Layer two (L2) scaling networks have become popular over the last two
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United States-based cryptocurrency exchange Coinbase has beaten revenue expectations for the fourth quarter of 2022 but continued to see its transaction volume decline.Net revenue for the exchange came in at $605 million for the quarter, beating the $589 million revenue reportedly estimated by Wall Street analystsTransaction volumes decreased 12% compared
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The crypto exchange reported its fourth-quarter earnings on Tuesday after the close. Original Source
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The crypto community continually seeks ways to bridge the gap between traditional finance and fiat currencies with decentralized finance (DeFi) tools. Crypto on-ramp platforms are a primary way users can cross between these two financial ecosystems. However, a new report from Cryptox Research and Onramper, a crypto-based financial services provider, revealed that 50%
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The SBC was sold "with a discount to the market price because this was the first transaction of its kind. Based on today’s bitcoin energy consumption levels, we estimate that SBC would sell now for approximately $1,150, which is roughly a 5% revenue add to a miner’s bottom line," if
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BNB Chain, the world’s largest smart-contract blockchain in terms of transaction volume and daily active users, plans to make what it called significant improvements in performance, scalability, security, decentralization and infrastructure this year, according to a technical road map shared with CryptoX. Source
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