Bitfinity bridges Bitcoin and Ethereum with new Layer-2 mainnet, raises $12 million

Bitfinity Network, a Bitcoin Layer-2 solution compatible with the Ethereum Virtual Machine (EVM), has officially launched its mainnet after raising nearly $12 million, according to a Nov. 19 statement shared with CryptoSlate. The Layer-2 network aims to bridge the gap between Bitcoin and DeFi, offering enhanced interoperability and abstraction. Its goal is to bring Bitcoin-native…

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Internet Computer’s 1,230% Cross-Chain Activity Surge

Internet Computer Protocol (ICP) overall network activity grew by 150%, with a 30% increase in full-time developers. This reflects rising interest in the platform’s cross-chain capabilities and its appeal despite the broader industry’s challenges, such as regulatory scrutiny. The DFINITY Foundation, the Switzerland-based organization backing the Internet Computer blockchain, has published its 2024 Ecosystem Report. This…

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3 Tokens Poised for Massive Explosion Soon: INJ, REDO, ICP

September 13, 2024 at 05:10 PM GST updated: September 13, 2024 at 04:22 PM 2 mins read Crypto Live News Injective boosts DeFi with scalable, decentralized trading and Layer-2 solutions. Resistance Dog offers meme token potential with innovative tokenomics and active development. Internet Computer redefines the web with decentralized technology and growing developer interest. Crypto…

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AI Tokens Skyrocket Amid Market Drawdown, Here’s Likely Reason

Tokens associated with blockchains in Artificial Intelligence (AI) skyrocketed amid the current market downtrend. The surge in AI tokens coincides with efforts from iPhone maker Apple to bring AI functionalities to its smartphones. AI tokens transform crypto by combining AI with blockchain, creating faster, smarter, and more powerful platforms. AI Tokens on Rampage: ICP, FET,…

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Double-Digit Gains Defy Market Trends

AAVE and ICP are making waves in the cryptocurrency market. Both tokens have posted double-digit gains recently. This stands out as many other cryptocurrencies are struggling. Also Read: Meme Coins Plummet: Trump vs. Harris Debate Shakes Election Odds Discover How AAVE and ICP are Shaking Up the Cryptocurrency Market AAVE’s Stellar Performance Source: CoinMarketCap AAVE…

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US Court Denies Kraken’s Motion to Dismiss SEC Crypto Securities Lawsuit

The U.S. District Court for the Northern District of California has denied Kraken’s motion to dismiss a lawsuit by the U.S. Securities and Exchange Commission (SEC). The court determined that the SEC “has plausibly alleged” that certain crypto tokens traded on the Kraken exchange could be considered securities, thereby allowing the case to proceed. Kraken’s…

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