Blockchain Development
Blockchain Development

Blockchain Development

A blog that covers everything that's happening in crypto world.


Tron's USDD Stablecoin is No Longer Backed by Bitcoin: it's not like LUNA

24 Aug 2024 2 minute read 0 comments Talha.Khalid

Tron network’s Decentralized USD (USDD) stablecoin, designed to maintain a 1:1 peg with the US dollar, has seen a significant change in its backing. Tron Reserve DAO, the entity in charge of managing the funds that back this stablecoin, withdrew 12,0...

How Bitcoin is Making Financial Giants Surrender Through ETFs

23 Aug 2024 2 minute read 0 comments Talha.Khalid

Wall Street financial giants are increasingly embracing the bitcoin (BTC) market through exchange-traded funds (ETFs). Institutional adoption of Bitcoin ETFs is not only booming and far from mere speculation, but is backed by solid data revealing gro...

MATIC Will Cease to Exist in 2 weeks, But its Price is Going Up

22 Aug 2024 1 minute read 1 comment Talha.Khalid

The price of Polygon (MATIC), the 19th largest cryptocurrency by market capitalization, has seen an increase of over 25% in seven days. With this increase, it is trading at $0.53 (USD) at the time of writing. This price movement makes MATIC one of th...

Ethereum Fees Hit 5-Year Low

21 Aug 2024 2 minute read 0 comments Talha.Khalid

Ethereum transaction fees, known as gas fees, have hit record lows over the past five years, dipping to as low as $1.4, according to data from bitinfocharts.com. While this news may seem favorable for users, who can now make transactions at a lower c...

Mt. Gox sent $700 million in bitcoin to an unidentified address

21 Aug 2024 1 minute read 0 comments Talha.Khalid

In a new chapter in the saga of Mt. Gox, the once-mighty cryptocurrency exchange has been found to have transferred a considerable sum of bitcoin (BTC) to an unknown address. Mt. Gox has moved around 12,000 BTC, valued at $784 million, to a hardware...

SEC Reportedly Rejects Solana ETF Applications

20 Aug 2024 1 minute read 0 comments Talha.Khalid

The U.S. Securities and Exchange Commission (SEC) has reportedly rejected 19b-4 applications filed by stock exchange Cboe BZX on behalf of two potential solana (SOL)-based ETF issuers. This decision — according to information revealed by confidential...

European financial giant joins dozens of banks already offering bitcoin

20 Aug 2024 1 minute read 0 comments Talha.Khalid

Banca Sella, one of Italy’s oldest financial institutions, announced on August 19 that it is entering the cryptocurrency market. The bank, which currently serves 1.4 million customers, will gradually make bitcoin (BTC) trading available to its users...

Trump has millions of dollars in cryptocurrencies… but not bitcoin

19 Aug 2024 2 minute read 0 comments Talha.Khalid

A new disclosure about Donald Trump's finances reveals that the Republican presidential candidate holds millions in cryptocurrency, including investments in non-fungible tokens (NFTs).     As shown in his personal financial disclosure, released by th...

IMF calls for 85% increase in electricity prices for Bitcoin miners

18 Aug 2024 2 minute read 0 comments Talha.Khalid

The International Monetary Fund (IMF) accuses Bitcoin mining and artificial intelligence (AI) data centers of being responsible for 1% of global carbon emissions due to their electricity consumption. According to a recent IMF blog post, Bitcoin minin...

Gold hits new ATH, why not bitcoin?

18 Aug 2024 3 minute read 1 comment Talha.Khalid

The price of an ounce of gold hit $2,508, marking a new all-time high (ATH), while bitcoin (BTC), which some call “digital gold,” has failed to keep up and is struggling to stay close to $60,000.  There are several reasons behind the rise in gold pri...