Avalanche Transactions Mooned During USDC’s Temporary De-Peg in Q1 2023: Nansen

The default smart contract blockchain on Avalanche is called the C-Chain, which is short for contract chain. It functions in conjunction with the X-Chain, which is used to transmit and receive money in the form of AVAX tokens, and permits the construction of any Ethereum-compatible smart contracts.
Between 90k and 200k transactions per second were being made on the network. On March 11, a substantial increase to 290k was observed, driven by Trader Joe, USDC, and two unidentified addresses. The latter were discovered to be two bots that reported substantial activity, indicating that numerous participants profited from the market panic brought on by USDC's de-peg that day.

Source: https://cryptopotato.com/avala....nche-transactions-mo

 

cryptopotato.com

Avalanche Transactions Mooned During USDC's Temporary De-Peg in Q1 2023: Nansen

The brief depeg of USDC stablecoin triggered a surge in transactions and active users on Avalanche.

Solana Sees Significant Growth Across DeFi, NFTs: Messari

After a challenging 2022 due to macroeconomic challenges, Solana's performance significantly improved in the first three months of the year. According to data, its market cap climbed with the overall market by more than 118% QoQ.
Additionally, a number of ecosystem advancements fueled Q1 fee payer and transaction activity.
Prior to now, Solana's network disruptions raised discussions about possible insolvency. However, after improvements like QUIC, priority fees (local fee markets), and stake-weighted quality of service (QOS), its performance stabilized. The DeFi, NFTs, and GameFi verticals all experienced considerable growth in Q1 on the layer one blockchain network.

Source: https://cryptopotato.com/solan....a-sees-significant-g

 

cryptopotato.com

Solana Sees Significant Growth Across DeFi, NFTs: Messari

Despite challenges related to network performance degradation, Solana's fundamentals improved in the first quarter.

The third Litecoin halving event is close by; here are some important things you need to know.

The third halving of Litecoin will take place on August 2, 2023, at block 2,520,000, and is now 100 days away. The date could, however, vary as a result of changes in the network's hash rate.

The rewards that cryptocurrency miners receive for validating transactions on a blockchain are reduced by half through a process known as "halving." In accordance with the laws of supply and demand, this is done to slow down the rate at which new units of a digital asset are produced. This creates scarcity and may increase the asset's value.

In order to combat inflation and promote a sustainable and steady growth trajectory for the cryptocurrency, the number of coins in circulation will be halved.

Source: https://cryptopotato.com/100-d....ays-left-until-litec

 

cryptopotato.com

100 Days Left Until Litecoin's Third Halving: What Do You Need to Know?

The third Litecoin halving event is close by; here are some important things you need to know.

Venezuelan BTC Miners Forced to Halt Operations Amid Anti-Corruption Investigation (Report)


According to reports, Venezuelan authorities have requested that local bitcoin miners temporarily cease operations while they investigate a significant corruption scheme that could have stolen up to $20 billion.

It is believed that members of President Maduro's closest circle were involved in planning the crime that implicated Petróleos de Venezuela, the country's oil and gas business.

Source: https://cryptopotato.com/venez....uelan-btc-miners-for

 

cryptopotato.com

Venezuelan BTC Miners Forced to Halt Operations Amid Anti-Corruption Investigation (Report)

Crypto miners and exchanges in Venezuela will remain shut while the authorities try to cope with the multi-billion corruption case.

SafeMoon hacker agrees to return 80% of stolen funds: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.
This week in DeFi saw the hacker behind the $8.9 million SafeMoon exploit agree to return the majority of the stolen funds. According to the project’s developers, the hacker will return 80% while keeping the remaining 20%.
United States crypto lender BlockFi was granted an additional 48-day extension to submit its exit plan by a New Jersey bankruptcy judge, exploring the potential sale of company assets and restructuring.

Source: https://cointelegraph.com/news..../safemoon-hacker-agr