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Bunq, Europe’s second-largest neobank, expands into crypto
Update (April 29 at 8:54 pm UTC): This article has been updated to include comments from Bunq's CEO to Cointelegraph. Europe’s second-largest neobank, Bunq, is expanding into cryptocurrency, citing growing retail investor demand for digital assets worldwide.The Amsterdam-based neobank announced the launch of Bunq Crypto on April 29, a new offering enabling its users to invest in over 300 cryptocurrencies, including Bitcoin (BTC), Ether (ETH) and Solana (SOL).Starting April 29, Bunq users in the Netherlands, France, Spain, Ireland, Italy and Belgium will be able to access cryptocurrencies directly through the Bunq app, according to an announcement.Bunq CEO Ali Niknam told Cointelegraph that the move was driven by growing client demand for digital assets. "We believe that now many, many people, the large majority, are interested in crypto, and we believe that they're interested in buying crypto through an environment that they can trust, and they can relate to and they can recognize," he said. Bunq's update event. Source: Bunq/CointelegraphMoreover, a friendlier regulatory landscape helped clear the path for the bank’s expansion into crypto. "I think for a long time, the future of crypto from a regulatory perspective was a bit unclear. And we have seen a lot of that change over the course of the past couple of months. And so we felt sufficiently assured as a regulated entity to now offer this to the general public," Niknam said.The crypto offering is powered in partnership with Kraken, the 14th-largest centralized cryptocurrency exchange globally by trading volume.Related: Coinbase to launch yield-bearing Bitcoin fund for institutionsAll-in-one financial platforms in focusThis marks the first phase of Bunq’s global crypto expansion, with plans to gradually roll out trading across the entire European Economic Area, as well as in the United States and the United Kingdom. As of June 2024, Bunq reported more than 12.5 million users, up from nine million users a year earlier. Bunq’s move reflects a broader trend among financial institutions seeking to consolidate services — banking, savings and investing — into single digital platforms. In a February post on X, Coinbase CEO Brian Armstrong said he expects future financial systems to be anchored by “a single primary financial account” where users manage all their financial activities.Related: Bitcoin treasury firms driving $200T hyperbitcoinization — Adam BackDemand for simplified crypto accessResearch commissioned by Bunq indicates a significant gap between available crypto offerings and user expectations in Europe. An estimated 65% of European consumers are seeking a unified platform to manage banking, savings and cryptocurrency investments, according to the study. Over 50% of surveyed investors want crypto exposure but said the existing platforms don’t meet their requirements, particularly regarding simplicity and security for new investors.“Our users across the world have long waited for a simple, safe and straightforward way to invest in digital assets,” said Ali Niknam, founder and CEO of Bunq. “Now, everything they will ever need to save, spend and invest — including crypto — is on one platform.”Bunq’s crypto expansion follows Revolut’s move in November 2024 to expand its crypto exchange services across 30 European Economic Area markets. Magazine: Ethereum is destroying the competition in the $16.1T TradFi tokenization race
Bunq, Europe’s second-largest neobank, expands into crypto
Europe’s second-largest neobank, Bunq, is expanding into cryptocurrency, citing growing retail investor demand for digital assets worldwide.The Amsterdam-based neobank announced the launch of Bunq Crypto on April 29, a new offering enabling its users to invest in over 300 cryptocurrencies, including Bitcoin (BTC), Ether (ETH) and Solana (SOL).Starting April 29, Bunq users in the Netherlands, France, Spain, Ireland, Italy and Belgium will be able to access cryptocurrencies directly through the Bunq app, according to an announcement shared with Cointelegraph.The crypto offering is powered in partnership with Kraken, the 14th-largest centralized cryptocurrency exchange globally by trading volume. Related: Coinbase to launch yield-bearing Bitcoin fund for institutionsAll-in-one financial platforms in focusThis marks the first phase of Bunq’s global crypto expansion, with plans to gradually roll out trading across the entire European Economic Area, as well as in the United States and the United Kingdom. As of June 2024, Bunq reported more than 12.5 million users, up from nine million users a year earlier. Bunq’s move reflects a broader trend among financial institutions seeking to consolidate services — banking, savings and investing — into single digital platforms. In a February post on X, Coinbase CEO Brian Armstrong said he expects future financial systems to be anchored by “a single primary financial account” where users manage all their financial activities.Related: Bitcoin treasury firms driving $200T hyperbitcoinization — Adam BackDemand for simplified crypto accessResearch commissioned by Bunq indicates a significant gap between available crypto offerings and user expectations in Europe. An estimated 65% of European consumers are seeking a unified platform to manage banking, savings and cryptocurrency investments, according to the study. Over 50% of surveyed investors want crypto exposure but said the existing platforms don’t meet their requirements, particularly regarding simplicity and security for new investors.“Our users across the world have long waited for a simple, safe and straightforward way to invest in digital assets,” said Ali Niknam, founder and CEO of Bunq. “Now, everything they will ever need to save, spend and invest — including crypto — is on one platform.”Bunq’s crypto expansion follows Revolut’s move in November 2024 to expand its crypto exchange services across 30 European Economic Area markets. Magazine: Ethereum is destroying the competition in the $16.1T TradFi tokenization race
Neo to shut down its original Legacy blockchain, urges users to migrate by Q4
Neo Legacy, the original version of the Neo blockchain launched in 2016, will cease operations by October as the project completes its transition to Neo N3. Neo will shut down its original blockchain called Neo Legacy by the end of…
Neo & AEON Expand NEO Payments in SEA
This partnership aims to bridge the gap between digital assets and real-world payments. It brings crypto closer to mass adoption. AEON is developing a cutting-edge crypto payment system that works across multiple blockchain networks. It’s designed to make crypto spending easy, fast, and accessible, just like traditional money. With this integration, users can now pay […] The post Neo & AEON Expand NEO Payments in SEA appeared first on Altcoin Buzz.
Xphere ($XP) Goes Live on XT.com, Coinstore, and BiFinance Simultaneously
Xphere, the next-generation dual-chain blockchain platform, has officially listed its native token $XP on three major global exchanges today: XT.com, Coinstore, and BiFinance. The listings went live at 9:00 AM UTC, marking a significant milestone in the project’s global expansion roadmap. $XP is now available for spot trading across all three exchanges. Each platform made [...] The post Xphere ($XP) Goes Live on XT.com, Coinstore, and BiFinance Simultaneously appeared first on Blockonomi.
NEO slumps 35%: Foundation denies sell-off, probes massive Binance transfers
Neo Foundation denies involvement in recent token sales after prices plummeted. An internal investigation revealed that a long-term holder had sold 9.25 million tokens worth $60 millionThe post NEO slumps 35%: Foundation denies sell-off, probes massive Binance transfers appeared first on AMBCrypto.
Crypto neo-privateers could be the solution to hacks
After a 200-year hiatus, a modern privateer program would protect American entrepreneurs, enhance national security interests and play an essential role in reasserting American leadership in technology and innovation.
Crypto neo-privateers could be the solution to hacks
After a 200-year hiatus, a modern privateer program would protect American entrepreneurs, enhance national security interests and play an essential role in reasserting American leadership in technology and innovation.
Crypto neo-privateers could be the solution to hacks
After a 200-year hiatus, a modern privateer program would protect American entrepreneurs, enhance national security interests and play an essential role in reasserting American leadership in technology and innovation.
Crypto neo-privateers could be the solution to hacks
After a 200-year hiatus, a modern privateer program would protect American entrepreneurs, enhance national security interests and play an essential role in reasserting American leadership in technology and innovation.
Crypto neo-privateers could be the solution to hacks
After a 200-year hiatus, a modern privateer program would protect American entrepreneurs, enhance national security interests and play an essential role in reasserting American leadership in technology and innovation.
Crypto neo-privateers could be the solution to hacks
After a 200-year hiatus, a modern privateer program would protect American entrepreneurs, enhance national security interests and play an essential role in reasserting American leadership in technology and innovation.
Crypto neo-privateers could be the solution to hacks
After a 200-year hiatus, a modern privateer program would protect American entrepreneurs, enhance national security interests and play an essential role in reasserting American leadership in technology and innovation.
Crypto neo-privateers could be the solution to hacks
After a 200-year hiatus, a modern privateer program would protect American entrepreneurs, enhance national security interests and play an essential role in reasserting American leadership in technology and innovation.
Crypto neo-privateers could be the solution to hacks
After a 200-year hiatus, a modern privateer program would protect American entrepreneurs, enhance national security interests and play an essential role in reasserting American leadership in technology and innovation.
Crypto neo-privateers could be the solution to hacks
After a 200-year hiatus, a modern privateer program would protect American entrepreneurs, enhance national security interests and play an essential role in reasserting American leadership in technology and innovation.
Infini neobank reportedly suffers a $49.5M hack
Crypto-focused neobank Infini has reportedly suffered a $49.5 million exploit, with stolen funds being swapped to DAI and used to purchase ETH. CertiK first flagged suspicious activity on Feb. 24 at 3:18 am UTC, noting unauthorized transfers from an Infini-related…
Are Trump tariffs crashing crypto? Virtuals Protocol, Bittensor, Neo, Jasmycoin among top laggards
Cryptocurrency prices are crashing, with the total market capitalization of all coins falling by nearly 4% to under $3.6 trillion. Bitcoin (BTC) and most altcoins were in the red, with tokens like Virtuals Protocol, Bittensor, Neo, and Jasmycoin being the…
Neobank Yopaki Aims To Make Every Mexican A Bitcoiner
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
IntelligentCricket and Neon Eight Group Co-Lead $5 Million A-Round Fundraise for Sports Metaverse Platform Bitball
PRESS RELEASE. The sports metaverse platform Bitball has completed a $5 million A-round fundraising co-led by IntelligentCricket, a global leader in cricket analytics, and Neon Eight Group, a private equity group focused on sports whose portfolio includes MPS Data. This round brings Bitball’s total funding to $7 million, following a previous $2 million investment from […]
Become Your Own Neobank With Gnosis Pay
In his interview with members of Gnosis Pay at Token2049 in Singapore, David comes away more impressed than ever. Gnosis Pay Is the Touchpoint to Tradfi That Crypto Deserves This interview was one of my favorites at Token2049 in Singapore. First off, I think Gnosis Pay—and indeed, all Gnosis products—are underappreciated by non-technical crypto users. […]
Neobanks are bridging financial gaps with blockchain | Opinion
Blockchain-fueled neobanks are the optimal solution to dismantling the barriers that have excluded many from basic financial opportunities.
Why more investors are choosing Zig Network over DOGE, ETC, NEO
Zig Network attracts investors from Dogecoin, Ethereum Classic, and NEO with its transparent revenue-sharing model amid market fluctuations. #partnercontent
Neon EVM Adopts Network Extensions to Redefine Solana’s Product Categories
London, United Kingdom, 16th October 2024, Chainwire The post Neon EVM Adopts Network Extensions to Redefine Solana’s Product Categories appeared first on Blockonomi.
GoPlus partners with Neo for node-level security on Neo X Sidechain
Web3 security platform GoPlus has partnered with Neo’s EVM-compatible sidechain, Neo X, to enhance node-level security. This makes Neo (NEO) X the first blockchain to integrate GoPlus’ Security Module, which delivers a basic layer of protection for users on the…
GoPlus Teams up With Neo X Sidechain to Implement Node Security Module
GoPlus ready to equip Neo X, Neo's EVM-compatible sidechain, with its patented User Security Model
Liquidity fragmentation on Bitcoin is a necessary issue to reach scalability – Neon EVM exec
BasedVC raises $2M in a seed funding round as official investment partners to Neo Tokyo, Kongz Capital, and more
In the past year, BasedVC saw over $65M in platform revenue as it deployed investments into 50+ cryptocurrency projects. The firm successfully raised $2M at a $15M post-money valuation in a seed funding round earlier this year with participation from multiple angel investors as well as leading web3 communities. BasedVC is currently closing their strategic [...] The post BasedVC raises $2M in a seed funding round as official investment partners to Neo Tokyo, Kongz Capital, and more appeared first on Blockonomi.
South African Startup Neonomad to Launch Rand-Backed Stablecoin
Neonomad, the South African hybrid exchange platform, is set to launch Zarcoin, a stablecoin tied to the South African Rand. This innovative stablecoin epitomizes the seamless integration of regulatory safety with decentralized efficiency. Neonomad’s platform will also facilitate multiple offerings, including in the decentralized finance space. Banking South Africa’s Unbanked South African fintech startup Neonomad, […]
A tough climb: Neobanks can democratize access to defi products | Opinion
While defi promises a democratized future, its complexity remains a barrier to entry, neobanks, with their user-centric approach, have the potential to bridge this gap.
UAE’s neobank Zand Bank teams up with Taurus to offer crypto services
Duba-based digital bank Zand has signed a strategic partnership with Swiss crypto management platform Taurus to offer digital asset services. Swiss crypto management firm Taurus is now a “strategic partner” for Dubai-based digital bank Zand Bank as the financial lender…
Neo and Phoenix Join Forces: Skynet to Power New Era of AI-Enhanced Blockchain Technology
Neo has announced a partnership with Phoenix, a decentralized Artificial Intelligence (AI) infrastructure provider. This collaboration aims to blend AI with Neo’s blockchain infrastructure, marking a significant advancement in decentralized AI technology. The partnership will focus on the development of AI-enabled blockchain tooling on Neo X, an EVM-compatible sidechain, and will leverage Phoenix’s AI technology […]
Infineo Tokenizes $9M in Life Insurance on Blockchain
This milestone marks a significant advancement in tokenizing real-world assets (RWA). Using the Provenance network, Infineo successfully minted $9.4 million worth of life insurance policies. Life Insurance Enters the Blockchain Era The Provenance Blockchain, developed by Provenance Blockchain Labs, served as the platform for Infineo’s groundbreaking initiative. By leveraging this technology, Infineo aims to create […] The post Infineo Tokenizes $9M in Life Insurance on Blockchain appeared first on Altcoin Buzz.
Crypto Funds Fueling Swedish Neo-Nazis, Blockchain Probe Reveals
The veil of anonymity often touted as a benefit of cryptocurrency has backfired spectacularly for extremist groups. A new report by blockchain forensics firm Chainalysis reveals that the Nordic Resistance Movement (NRM), a white supremacist organization designated as a terrorist group by the US Treasury, has been using crypto donations to fund its activities for […]
Donors of Sweden’s largest neo-Nazi group used ‘mainstream exchanges,’ Chainalysis says
Supporters of Sweden’s largest neo-Nazi group donated crypto via centralized exchanges and mining pools, blockchain investigators say. The Nordic Resistance Movement, the largest neo-Nazi group in Sweden which was sanctioned by the U.S. Department of the Treasury’s Office of Foreign…
Eclipse unveils Neon Stack to bridge the gap between Ethereum and Solana
Eclipse's integration with Neon Stack aims to set a new standard for EVM-SVM interoperability, enhancing blockchain interoperability. The post Eclipse unveils Neon Stack to bridge the gap between Ethereum and Solana appeared first on Crypto Briefing.
Brazilian Neobank Nubank Introduces New Crypto Wallet Features for Bitcoin, Ether and Solana
Nubank, a Brazilian neobank, has introduced new features for its cryptocurrency customers. The Sao Paolo-based organization recently enabled deposits and withdrawals of bitcoin, ether, and solana in its cryptocurrency service, broadening the use cases of its platform. Before, the company only allowed users to purchase, hold, and sell cryptocurrency assets. Nubank Enhances Cryptocurrency Features: Opens […]
Analysts predict NEO, TON, and KANG to lead 2024’s altcoin season
NEO emerges as top gainer, traders bet on price drop
NEO has recorded impressive gains as the broader crypto market witnesses bullish momentum after a red weekend. NEO is up by 33% in the past 24 hours and is trading at $22.5 at the time of writing. The asset’s market…
Crypto market’s weekly winners and losers - TON, NEO, W, UNI
Toncoin, Neo, and LEO outperformed registered gains over most assets in the market. Core, Wormhole, and Uniswap topped the biggest losers chart. The week ended on a tough note for the broadeThe post Crypto market’s weekly winners and losers - TON, NEO, W, UNI appeared first on AMBCrypto.
NEO hits yearly high with 40% overnight surge
NEO, the native token of the blockchain-based platform Neo, surged 40% overnight to its highest price point within a year, securing a spot among today’s top-performing cryptocurrencies. At the time of writing, NEO is trading at $21 with a 24-hour…
Bitz Casino Review – Neon Brilliance & Winning Chances
Want to play games online that are really out of this world? Stop searching and head on over to Bitz Casino, a neon-lit fantasy zone where modern gaming meets old-school glitz. An enormous gaming library, attractive incentives, and an entertainment-centric platform are what are sure to impress. A Nostalgic Welcome with a Modern Edge From […]
Ripple to Launch Dollar-Backed Stablecoin, Samson Mow Likens Bitcoin ETFs to Matrix's Neo, Shiba Inu Surges 1,058% in Key Metric: Crypto News Digest by U.Today
‘$1 Million Bitcoin’ Advocate Samson Mow Likens Bitcoin ETFs to Matrix's Neo
Crypto-Friendly Neobank Meld to Launch Tokenized RWAs for Retail Investors
Coinspeaker Crypto-Friendly Neobank Meld to Launch Tokenized RWAs for Retail Investors Meld is going to create tokenized financial products to offer retail investors the opportunity to lend and borrow digital assets against the RWAs. Crypto-Friendly Neobank Meld to Launch Tokenized RWAs for Retail Investors
CREO Engine announces integration with Neo Tokyo
CREO Engine announced an interaction with Neo Tokyo. The objective is to drive innovation and growth in the Web3 gaming industry. Creo Engine said in the announcement that purchasing the S1 Citizen felt only natural, hinting that it is something that was bound to happen one day or another. It chose Neo Tokyo for the …
Parallel structures can transform blockchain for users: Neon EVM software engineer
Andrei Dragnea makes a deep dive into the complexities and advantages of constructing a parallel architecture blockchain.
As the Blockchain Industry Loses Billions Annually to MEV, the Solution Is Staring Us in the Face — Neo Founder Da Hongfei
Imagine the scene: You’re sitting at the card table, and every hand you’re dealt is terrible. But the cards never get better; the dealer has full sight of the deck and sets the order of the cards before they’re played. The dealer always wins. The following opinion editorial was written by Da Hongfei, a prominent […]
Neon EVM enables native Solana-EVM swaps through partnership with deBridge
Seamless native swap are now offered for Solana to EVM network through aNeon EVM and deBridge collaboration.
Grineo Research specially for Blockonomi: Could the swelling ranks of crypto enthusiasts potentially shape the future landscape of the digital currency realm come 2024?
According to the analysts from Grineopay.com, Ethereum took the top spot last year with a staggering 15.4 million active addresses, while Polygon is hot on its heels and Bitcoin trails behind with 10.7 million. Grineo classifies these as “acquired users” and excludes addresses that were active in previous years, only counting those that have conducted [...] The post Grineo Research specially for Blockonomi: Could the swelling ranks of crypto enthusiasts potentially shape the future landscape of the digital currency realm come 2024? appeared first on Blockonomi.
Two Weeks After Bitcoin ETF Adoption: Real-Time Review by Grineo
SYDNEY, AUSTRALIA / January 26, 2024 / Grineopay.com, headquarters, specially for Blockonomi. After months of anticipation, the crypto industry’s dreams came true as Bitcoin spot ETFs were finally approved for trading in the USA two weeks ago. The hype leading up to this momentous event was immense, and the eleven ETFs saw high trading volumes [...] The post Two Weeks After Bitcoin ETF Adoption: Real-Time Review by Grineo appeared first on Blockonomi.
The Rise of Women in Crypto in 2024: Grineo Research
In recent years, the world has witnessed a significant rise in the popularity and adoption of cryptocurrencies. With the emergence of blockchain technology, the crypto industry has become a force to be reckoned with. However, despite its exponential growth, there is still a noticeable gender gap within this male-dominated sector. According to the latest research [...] The post The Rise of Women in Crypto in 2024: Grineo Research appeared first on Blockonomi.
Dynamic Trio in the Spotlight: The Rising Buzz Around NuggetRush, Hedera, and NEO
TLDR NuggetRush is in the spotlight as it has crossed $1.5 million worth investment in the ongoing presale. Hedera is riding high as a crypto asset that provides fast-paффced transactions for sending or receiving online payments. NEO is famous because if you stake it, you get to have a say in how the Neo network […]
Neon EVM Hits Record-High 730 TPS On Mainnet
In the rapidly evolving landscape of blockchain technology, Neon EVM, a smart contract on Solana (SOL) has emerged as a frontrunner by introducing a landmark parallel processing architecture on its mainnet. This approach has enabled Neon EVM to achieve an increase in performance, scalability, and efficiency, according to a press release share with NewsBTC. Neon EVM Dominates Transaction Processing Neon EVM, the first parallel Ethereum Virtual Machine (EVM) on mainnet, has achieved a record-breaking 730 Transactions Per Second (TPS) on its mainnet. Notably, this is the first time such high tps has been achieved on an EVM mainnet. Related Reading: Renewed Hope For Crypto: 2023 Sets The Stage For A Monumental 2024 The milestone was reached on December 16, 2023, when Neon EVM’s mainnet showcased its transaction processing capabilities. While many blockchains demonstrate high tps on testnets, Neon EVM’s has standout by improving its scalability. Neon EVM, which went live on the mainnet in July 2023, operates as a fully Ethereum-compatible environment on the Solana blockchain. Since its launch, Neon EVM has garnered investor interest, resulting in multiple listings on platforms such as ByBit, Crypto.com, and Gate.io. Given these developments, the utility token NEON has experienced remarkable growth, with its value surging from $0.67 to $1.45 in just three days, representing a 116% increase. Neon EVM’s success comes when there is growing interest in high-speed, parallelized processing blockchains. Currently, Neon EVM stands as the only parallel processing EVM live on the mainnet, showcasing its tps capabilities compared to other blockchain networks. Outshining Ethereum’s Transaction Speed The fundamental difference between Neon EVM and blockchains like Bitcoin and Ethereum lies in their transaction processing approach. While Bitcoin and Ethereum process transactions sequentially, Neon EVM allows for simultaneous processing of multiple transactions, facilitating increased throughput and reducing the likelihood of congestion during periods of high demand. In a notable comparison, Neon EVM’s parallel processing architecture outperformed the combined tps of the entire Ethereum ecosystem on December 16, as reported by L2Beat. The project’s commitment to Ethereum compatibility on the Solana blockchain and its high-speed transactions and low-cost benefits positions Neon EVM as an interesting project as a new Bull Cycle emerges. Layer 2 Scaling Solutions On The Rise Polygon, the layer 2 scaling solution that operates alongside the Ethereum blockchain, has also demonstrated its transaction processing speed capabilities. In a recent post on X (formerly Twitter), Sandeep Nailwal, the founder of Polygon, shared notable statistics highlighting the network’s performance. According to Nailwal’s post, Polygon’s Proof of Stake (PoS) chain seamlessly handled over 16 million transactions in a single day, showcasing its scalability and efficiency. During the peak period, the Polygon PoS chain achieved a throughput of 255 tps. This figure is approximately 2-3 times higher than the combined throughput of the entire Ethereum ecosystem. Related Reading: XRP Whales Show Exchange Inflow Activity, Bad Sign For Price? Moreover, the validators on the Polygon network generated approximately 1 million in transaction fees in a single day, reflecting the network’s high level of activity. However, it is worth noting that gas fees experienced a spike during this period, which is a broader issue impacting the entire Ethereum ecosystem. In terms of rewards for validators, the block rewards on the Polygon network amounted to over 155,000 MATIC tokens. This translates to substantial revenue for validators, totaling around 1.2 million in a single day. These rewards incentivize validators and contribute to the overall security and stability of the PoS chain. The spike in transactions in both of these Layer-2 networks showcase the growing importance of scalability solutions. In the coming months, hundred of new users could onboard the crypto market via either of these solutions hinting at a potential benefit for their underlying tokens. Featured image from Shutterstock, chart from TradingView.com
Celestia (TIA), Injective (INJ), Neon EVM (NEON) Hits New ATHs
Coinspeaker Celestia (TIA), Injective (INJ), Neon EVM (NEON) Hits New ATHs In addition to TIA, INJ, and NEON, other tokens have also demonstrated noteworthy performance. Celestia (TIA), Injective (INJ), Neon EVM (NEON) Hits New ATHs
Play to Earn Done Right – Neoxa.net The Future of Crypto Gaming
Since the dawn of the gaming era many gamers have dreamed of making money from their hobby and of course their passion for games. Although it’s been possible for the lucky few, this has never been a possibility for the masses. A unique and innovative crypto gaming project called Neoxa makes this long craved dream [...] The post Play to Earn Done Right – Neoxa.net The Future of Crypto Gaming appeared first on Blockonomi.
De-Fi could solve Africa’s foreign exchange problems, neo-bank CEO says
The CEO and co-founder of neo-bank Canza Finance claims that utilizing Baki for FX trades in Africa creates a hub for African businesses to participate in intra-African and FX trades at reduced cost.
U.S. Crypto Bill Prohibits Government Officials From Using USDT, NEO, And China-based Blockchains
On November 8, U.S. Representatives Zach Nunn (R-Iowa) and Abigail Spanberger (D-Va.) introduced a bill dubbed the Creating Legal Accountability for Rogue Innovators and Technology (CLARITY) Act. If approved, the bill will introduce fresh laws that will significantly restrict how U.S. government officials, including elected leaders, engage with blockchain companies, including exchanges and stablecoin issuers, based in […]
Mina and Neo lead price gains in crypto top 100
Mina (MINA) and Neo (NEO) witnessed notable hikes over the past day, making them the top gainers among the top 100 crypto assets. Mina price surge MINA is up by 22% in the past 24 hours and is trading at…
Fields of Green: Bitcoin Price Passes $36k & Leading Alts Surge LINK, MINA, SUI, NEO
It was a green day in the crypto markets on Wednesday as investor sentiment turned bullish, leading many major cryptocurrencies to see significant gains. The total crypto market capitalization rose 3.41% to $1.28 trillion, while trading volume was up 10.93% to $51.97 billion. Keypoints Total crypto market cap rose 3.41% to $1.28 trillion on Wednesday [...] The post Fields of Green: Bitcoin Price Passes $36k & Leading Alts Surge LINK, MINA, SUI, NEO appeared first on Blockonomi.
NEO reaches 36-week high while short-positions rise
NEO gained bullish momentum after over eight months as Bitcoin (BTC) surpassed the $30,000 mark on Oct. 19. The asset reached $15.3 on Nov. 5, marking a 36-week high — NEO reached $15.5 in mid-February. The native crypto of the…
Animoca Brands and NEOM company to foster regional Web3 growth
Animoca Brands Corporation Limited, or the Company, has formally announced its exclusive partnership with NEOM Company (NEOM). In accordance with the memorandum of understanding signed by both parties, they will continue to promote local Web3 initiatives in line with Saudi Vision 2030. In conjunction with the agreement, a Convertible Notes Financing Term Sheet was executed …
Animoca Brands to Receive $50M from Saudi Arabia’s NEOM to Build Web 3.0 Services with Commercial Application
Coinspeaker Animoca Brands to Receive $50M from Saudi Arabia’s NEOM to Build Web 3.0 Services with Commercial Application NEOM is set to pump $50 million into Animoca Brands as Animoca supports the region's Web 3.0 and tech goals as part of Saud's 2030 vision. Animoca Brands to Receive $50M from Saudi Arabia’s NEOM to Build Web 3.0 Services with Commercial Application
Animoca Brands Courts $50M Investment From Saudi Arabia's NEOM
Animoca will build Web3 service capabilities with global commercial application alongside NEOM to support its aspirations as a futuristic tech hub.
Saudi’s NEOM partners with Animoca Brands for regional Web3 development
Saudi Arabia’s forthcoming regional development project, NEOM, has partnered with Animoca Brands to push Web3 in the region and a potential $50 million investment deal.
Saudi Arabia’s NEOM partners with Animoca, eyes $50m deal
Animoca will develop web3 solutions and establish a hub in Saudi Arabia following the partnership with NEOM Investment Fund. Metaverse and blockchain gaming venture capital firm Animoca Brands has entered into a strategic partnership agreement with the NEOM Investment Fund,…
Neo, Floki and Injective lead top gainers in the last 24 hours
Following a Bitcoin price surge over $35,000, a number of other assets have taken on a bullish momentum.
NEO Jumps 11%, Can It Print Biggest Weekly Close Since August?
NEO jumps 11% to eye biggest close since early August amid EVM tease
NEOBRED Horse Racing Game Joins Avalanche (AVAX) Ecosystem
NEOBRED, blockchain horse racing game, shares details of its Avalanche (AVAX) integration and further mainnet release plans
Horse Racing Game NEOBRED Integrates with Avalanche for Superior Web3 Gaming Experience
Coinspeaker Horse Racing Game NEOBRED Integrates with Avalanche for Superior Web3 Gaming Experience Layer-1 blockchain Avalanche is known for its speed, low cost, scalability, and security. Horse Racing Game NEOBRED Integrates with Avalanche for Superior Web3 Gaming Experience
Bitcoin Hits Triple All-Time Highs Simultaneously as BTC Price Teases $35,000
Neon Machine raises $20M Series A for blockchain-based Call of Duty competitor ‘Shrapnel’
The company claims a cast of employees whose collective entertainment industry resume contains titles such as Halo, Call of Duty, and Westworld.