Botanix Labs is shutting down its Bitcoin Layer 2 network after one year of operation, citing insufficient user demand to cover operating costs. The network processed 25 million transactions and supported 200,000 wallets without security issues but failed to generate enough revenue from transaction fees. The project highlighted that most Bitcoin users treat BTC as a long-term store of value rather than actively using Bitcoin-based decentralized finance (DeFi) applications. Users are advised to withdraw their assets by July 9 before the network's federation sweeps remaining funds. This closure reflects broader challenges in sustaining Bitcoin-native DeFi platforms amid growing preference for centralized financial services and wrapped Bitcoin products on other networks.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...
Crypto investigator ZachXBT criticized all current hardware wallets as insecure and unreliable for signing transactions or storing significant funds. He highlighted Ledger as particularly problematic due to frequent updates that disrupt basic functio...
DMG Blockchain Solutions announced two strategic investments: one in MeetAmi Innovations, a Canadian fintech offering digital asset wealth management platforms, and another in Atomic47 Labs, an AI company focused on secure, sovereign AI infrastructur...
