The Next-Gen Ethereum Layer 2 You Need to Know About

Abstract is making waves in the blockchain ecosystem as a new Ethereum Layer 2 solution designed for decentralized applications across DeFi, SocialFi, NFTs, and more. By leveraging the ZK Stack and cutting-edge zero-knowledge cryptography, Abstract delivers the Ethereum experience—only faster and more cost-effective. With no token released yet, Abstract has launched its testnet bridge, opening…

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MINGO, Hedera Based Wallet, Sets Sights on the Global Ticketing Industry

Kingstown, St. Vincent and the Grenadines, December 17th, 2024, Chainwire MINGO, a digital wallet built on the Hedera Hashgraph network, introduces an NFT-based Programmable Digital Ticketing (PDT) system to innovate the ticketing industry. By addressing critical issues such as fraud, scalping, and resale inefficiencies, MINGO delivers a secure and transparent solution trusted by leading names…

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SBF’s Parents Caught In Crossfire As Elon Musk Blasts Elizabeth Warren

Elon Musk has reignited a political feud with Senator Elizabeth Warren after accusing her of acting on behalf of Sam Bankman-Fried’s parents. Musk’s comments came amid Warren’s criticism of his role in President-elect Donald Trump’s transition team. Musk stated that the letter Warren wrote questioning his involvement in the Department of Government Efficiency (DOGE) was…

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XRP Makes Comeback On RLUSD Launch, Shiba Inu (SHIB) Has No Ground Under Its Feet, Solana (SOL) Downtrend Becoming Scary

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial…

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Senate Banking Committee cancels confirmation vote for SEC’s Caroline Crenshaw

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. The Senate Banking Committee on Tuesday decided to abandon its effort to re-confirm SEC Commissioner Caroline Crenshaw.  The news, somewhat ironically, was leaked while Sen. Tim Scott, the Republican gunning to lead the Banking Committee next session, was wrapping up his…

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ISLAND: Everything You Need to Know About the ‘Nifty Island’ Ethereum Token and Airdrop

Nifty Island embraced a wide array of established communities in Web3 to help expand its Roblox-style metaverse game.  Now it’s rewarding them. The project, which pioneered the now-popular “play-to-airdrop” campaign, just launched ISLAND, an Ethereum-based utility token that serves as the ecosystem token for its in-game economy. Below, learn everything you need to know about…

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Coin Metrics: New Tech Reshapes Bitcoin Mining Landscape Amid Post-Halving Hangover

The 2024 bitcoin halving event sparked major changes in the mining scene, according to the latest “State of the Network” report by Coin Metrics and analyst Matías Andrade. Battle for Hashrate Dominance The April 2024 halving, which slashed block rewards from 6.25 BTC to 3.125 BTC, severely impacted miner earnings. Coin Metrics’ new report reveals…

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Bitcoin ETFs overtake Gold ETFs in US market with rapid 11-month growth

US Bitcoin exchange-traded funds (ETFs) now have more assets under management (AUM) than Gold ETFs. Vetle Lunde, Head of Research at K33 Research, posted the milestone, noting the Bitcoin ETFs’ rapid growth.  Lunde pointed out that the crypto products have a combined value of approximately $129.25 billion, while the precious metal investment vehicles have assets…

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