Connect with us

Business

Gaming blockchain Ronin records 2M daily active users

Published

on

The Ronin blockchain has achieved a notable milestone, reporting a significant increase in daily active users with transactions totaling $2 million. This surge highlights the growing adoption and utilization of Ronin’s blockchain technology within the decentralized finance (DeFi) and gaming sectors.

Ronin, known for its role in facilitating transactions for the popular Axie Infinity game, has experienced a substantial rise in user engagement. The blockchain’s innovative approach to scaling and reducing transaction costs has contributed to its expanding user base and increasing transaction volume.

The $2 million in daily active users underscores the platform’s effectiveness in handling high-volume transactions and its appeal to a broad audience. This growth is indicative of the broader trend of increasing interest and investment in blockchain technology, particularly in areas such as gaming and decentralized finance.

Industry analysts view this development as a positive sign for the Ronin blockchain and its future prospects. The platform’s ability to manage significant transaction volumes and attract a large number of daily users positions it as a key player in the evolving blockchain ecosystem.

Ronin’s success also reflects the broader trend of blockchain technology gaining traction across various sectors. As more projects and applications leverage blockchain solutions, platforms like Ronin are set to play a crucial role in driving innovation and adoption.

The rise in daily active users and transaction volumes highlights the growing importance of scalable and efficient blockchain technologies. With continued advancements and increased user engagement, the Ronin blockchain is poised to make a significant impact in the digital asset space.

Business

Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

Published

on

Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

Continue Reading

Business

Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

Published

on

Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

Continue Reading

Business

Hackers are selling counterfeit phones with crypto-stealing malware

Published

on

Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

Continue Reading

Trending

Copyright © 2025 cryptonews.lk