The Ethereum initial coin offering launched on July 22, 2014, marking the beginning of the blockchain’s journey.
The global blockchain industry is celebrating the 10-year anniversary of the Ethereum network’s initial coin offering (ICO).
Ethereum started gaining traction in 2014 when co-founder Vitalik Buterin mentioned the project at a Bitcoin conference in Miami.
On July 22, Ethereum launched its ICO, selling over $18 million worth of Ether (ETH) paid for in Bitcoin (BTC).
Bitcoin miners seem to be capitulating, a harbinger of a bullish reversal, according to ARK.
According to a report by asset manager ARK Invest released on July 18, Bitcoin became oversold in June after Germany’s government initiated a multibillion-dollar sell-off of 50,000 BTC seized in a 2020 police sting against Movie2k, a streaming platform for pirated content.
The sell-off sent Bitcoin (BTC) prices tumbling from highs exceeding $70,000 in early June to a low of less than $55,000 during a brief dip in July.
“Based on short-term-holder realized profits/losses and miner outflows, Bitcoin appears oversold,” according to the report, which focuses on the period through June 30 but includes more recent data. “Current levels [of miner outflows] suggest that miners are capitulating, a harbinger of a bullish reversal.”
Pixelverse airdropped 10% of PIXFI’s total supply to holders of its Rare, Epic, and Legendary non-fungible token (NFT) collections.
Pixelverse, a non-fungible token (NFT) and gaming platform on The Open Network (TON), launched its native token, PIXFI, in a much-anticipated airdrop on July 18.
The token traded up almost 50% in the first hours after listing and approached approximately $200 million in fully-diluted market capitalization before pulling back later in the day, according to CoinMarketCap.
The PIXFI token is now listed on several centralized exchanges, including Bybit, HTX, Gate, Bitget, MEXC, according to another Pixelverse X post.
The exchange-traded product will be available on Sweden’s Spotlight Stock Market.
Crypto fund issuer Valour has launched an exchange-traded product (ETP) for Near Protocol’s native token, NEAR, according to a July 17 announcement from Valour’s parent company, DeFi Technologies (CBOE CA: DEFI).
The ETP will trade on Sweden’s Spotlight Stock Market, enabling retail and institutional investors to gain exposure to the decentralized application development platform, the announcement said.
Valour’s head of product, Elaine Buehler, said the new fund offering will allow investors to access an asset known for its “transformative impact on DeFi and NFTs,” referring to decentralized finance and non-fungible tokens.
The class-action lawsuit alleges Tether and Bitfinix conspired to manipulate crypto market prices.
Plaintiffs in a years-long class-action lawsuit against Tether and Bitfinix filed an amended complaint accusing the companies of manipulating crypto prices through a deceptive scheme involving USDT, Tether’s dollar-backed stablecoin, according to court documents filed in the Southern District of New York.
The complaint alleges Tether and Bitfinix “executed a sophisticated scheme to fraudulently inflate the price” of cryptocurrencies, including Bitcoin (BTC), through “massive, carefully timed purchases […] to signal to the market that there was enormous demand and thus cause the price of those commodities to spike.”
The companies purportedly financed these purchases with billions of dollars in USDT, which — in contradiction to repeated assurances by Tether — was not, in fact, backed one-to-one by United States dollars. In doing so, the Plaintiffs claim that Tether and Bitfinix violated both the Commodities Exchange Act (CEA) and the Sherman Antitrust Act.
The “Layer 0” network was created in collaboration with the United States Department of Defense and is now open for commercial Web3 applications.
On July 15, Constellation Network opened its Hypergraph blockchain, created in partnership with the United States military, to application developers at a global hackathon event hosted alongside technology giants IBM and Panasonic.
The hackathon marks the debut of Constellation’s “meta graph” application layer, which enables third-party developers to build Web3 applications—or even new layer 1 blockchains—on top of Hypergraph’s existing network.
Hypergraph is a so-called “Layer 0” protocol designed to validate and store data from interoperable applications and networks—known as “meta graphs”—on its ledger. According to the announcement, its meta graphs can work with any data type, interface directly with external data sources, and accept mainstream programming languages such as Java.
This is the second crypto investigation the US securities regulator dropped this week.
The United States Securities and Exchange Commission has dropped a three-year investigation into Hiro Systems, the developer of Bitcoin’s Stacks layer-2 blockchain, which raised $70 million from token sales between 2017 and 2019, according to a July 12 regulatory filing.
Hiro, which was previously called Blockstack, has been treating its native token, STX, as a security under US law since its launch in 2018.
“Based on the information we have as of this date, we do not intend to recommend an enforcement action by the Commission against Hiro Systems PBC, formerly known as Blockstack PBC,” according to a letter from the regulator included in the Friday filing.
As the TON blockchain is open-source and permissionless, individual users and projects must be careful to ensure their own safety.
The Open Network (TON), a blockchain platform integrated with Telegram, has experienced record-breaking growth in 2024. The number of onchain-activated wallets surged from approximately 1 million in January to over 9 million in June.
However, TON’s massive inflow of new users has not been overlooked by scammers. In June 2024, blockchain security firm SlowMist issued a warning on increasing phishing attacks on the TON ecosystem.
As the TON Foundation ambitiously expects to onboard 500 million users by 2028, it raises the question of how to properly protect users from attacks of all possible vectors without hindering rapid adoption.
Industry figures disagree on whether GameFi is having a good year as other aspects of Web3 hog the spotlight.
Gaming’s intersection with finance and crypto — also known as Gamefi — has been a bit of a mixed bag in 2024.
Voices from across the industry have spoken to Cointelegraph to deliver their verdicts on the current state of the GameFi industry — and their conclusions are far from unanimous.
In December 2023, Cointelegraph asked industry experts to predict what 2024 would bring for the sector, and now that we’ve passed the halfway mark, we’re revisiting the subject once more.
“Ethiopia at the Crossroads” is getting a special blockchain boost for its final stint at the Toledo Museum of Art as part of the Ethiopian family art collective’s residency with the museum.
America’s first major institutional exhibition of Ethiopian art throughout the ages will conclude its year-long tour at the Toledo Museum of Art (TMA) with a grand finale featuring non-fungible tokens (NFTs).
In June, TMA announced that the blockchain-based Ethiopian art collective Yatreda will be their second digital artist in residence, following the Nigerian-based non-fungible token (NFT) star Osinachi’s residency in 2023.
This year, Yatreda will stage a special installation within TMA’s iteration of “Ethiopia at the Crossroads,” which TMA co-curated with the Walters Art Museum in Baltimore and the Peabody Essex Museum in Salem.
