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Avail integrates leading layer-2 networks to create more cost-efficient chainsCryptocurrency News
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Here’s the 6 biggest crypto VC deals in Q1 2024 and late 2023
In late 2023 and early 2024, venture capital flowed abundantly into the cryptocurrency sector, highlighting a robust market start. A Chainalysis report identified six major VC deals, with significant investments in blockchain infrastructure and scalability solutions. Aptos Labs led with $150 million, followed by Mysten Labs and StarkWare Industries each securing over $100 million. Other notable investments included Totter and Ankr, underscoring a strong investor confidence in diverse crypto-related technologies.
Bybit Web3 IDO Launchpad Hosts IDO for Decentralized Payment Protocol Slash (SVL) Ahead of Spot Listing
Bybit is hosting the IDO for Slash (SVL), a protocol designed to revolutionize decentralized payments. SVL, on the Mantle Network, enhances transaction efficiency, security, and cost. Aimed at empowering its community, it redistributes all fees back to token stakers. Post-IDO, SVL tokens will be tradeable on Bybit starting April 29, 2024. Participation in the IDO requires a Bybit Wallet and follows a lottery system.
Decentralized AI is key to more unbiased AI algorithms — Masa co-founderCryptocurrency News
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DeFi bull market confounds expectations with RWAs and ‘recursive airdrops’
The 2024 DeFi bull market presents unexpected innovations like Real-World Assets (RWAs) and recursive airdrops, reshaping industry forecasts. RWAs link blockchain with tangible assets, broadening investor appeal, while recursive airdrops enhance ecosystem participation through interlinked rewards. Despite challenges in platform selection and airdrop clarity, these developments promise substantial growth in decentralized finance.
Kadena Announces Annelise Osborne as Chief Business OfficerCryptocurrency News
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Michael Saylor Issues ‘Attractive’ Bitcoin Tweet Supported by CommunityCryptocurrency News
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Turkey tops the world in stable coin buying share vs. GDP
A new report identifies Turkey as a leader in stablecoin adoption relative to its GDP, with purchases amounting to 4.3% between April 2023 and March 2024. Despite global dominance in stablecoin transactions by the US, Turkey’s significant investment in stablecoins, detailed in Chainalysis’ “The 2024 Crypto Spring Report,” highlights its role in the country’s financial dynamics. Factors like economic instability and limited access to traditional banking may contribute to this trend, showcasing the growing influence of cryptocurrencies in Turkey’s economy.
How blockchain-based voting can restore trust in the electoral processCryptocurrency News
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