Author: Nicholas Say

ChatGPT Joins Solana Network: Offering More Power

Blockonomi

Solana becomes the first Layer1 blockchain to integrate with Artificial Intelligence (AI). The Solana Foundation, the non-profit organization dedicated to supporting the development and growth of the Solana blockchain ecosystem, announced ChatGPT integration on Tuesday. The move is a significant Read More

Binance To Integrate Bitcoin Lightning Network to Tackle Congestion

Blockonomi

Binance is considering using the Lightning Network to tackle network congestion. The exchange first announced its temporary pause of Bitcoin withdrawals last weekend, citing the massive amount of transactions in handling leading to network congestion. The problem resurfaced on May Read More

Binance.US Withdraws from Voyager Acquisition Over Regulation Issues

Blockonomi

Binance.US has pulled out from the deal to acquire Voyager. Binance.US, the sister company of Binance, has announced its decision to withdraw from the Voyager acquisition, citing “the hostile and uncertain regulatory climate in the United States.” The announcement came Read More

Crypto Market Correction: Bitcoin Drops Below $28K, ETH Loses Momentum

Blockonomi

Positive momentum evaporates as the crypto market has faced a downward trend, extending the decline for the eighth consecutive day. The crypto market has been experiencing significant corrections over the past week. Bitcoin and Ethereum have lost approximately 12% of Read More

SEC’s Crack Down On DeFi: All Trading Platforms Subject To Securities Laws

Blockonomi

SEC is targeting DeFi as the battleground of technology and regulation. Gary Gensler’s hardline stance against cryptocurrencies is not something new. Last week, the U.S. Securities and Exchange Commission (SEC) reopened the comment period for public input on proposed amendments Read More

ETH Over $2,000: Shanghai Upgrade Brings In Positive Momentum

Blockonomi

The Ethereum ecosystem looks bullish after the Shanghai upgrade, and staking has seen steady growth. The recent upgrade laid the groundwork for future network scalability and performance developments. The Ethereum network underwent a major milestone after successfully deploying the Shanghai Read More