Crypto

The world of cryptocurrency prides itself on decentralization, but recent data has shown a concerning trend towards centralization among some of the top altcoins. Projects like Polygon (MATIC) and Shiba Inu (SHIB) have emerged as prime examples, with a high concentration of holdings among the top wallets, raising alarms about the potential risks involved. Santiment’s
0 Comments
Ethereum co-founder Vitalik Buterin has once again made headlines in the cryptocurrency community by transferring a significant amount of ETH. These transactions have sparked debates and raised questions about the role of ETH as a store of value, as well as the transparency of the Ethereum Foundation’s operations. Vitalik Buterin recently moved 800 ETH, valued
0 Comments
The cryptocurrency market is known for its volatility, with prices fluctuating rapidly based on a variety of factors. In recent days, the seven-day chart showed some interesting movements among major crypto assets, with most top coins experiencing a downturn. However, one notable exception was Popcat, a meme coin that saw a significant surge in price,
0 Comments
The world’s largest cryptocurrency exchange, Binance, recently announced the addition of new trading pairs and services to its platform in an effort to enhance user experience and respond to ongoing market trends. These new additions include DOGS/BRL, DOGS/USDC, RARE/BRL, and RARE/USDC on Binance Spot. Additionally, Binance will also be offering trading bot services for various
0 Comments
Cardano, the blockchain network founded by Charles Hoskinson, is on the brink of a major upgrade that will revolutionize its governance structure. The Chang hard fork, initially scheduled for August 27, has been delayed to September 1, 2024. This delay, according to Hoskinson, is to allow crypto exchanges like Binance to prepare for the transition
0 Comments
Recently, Maker, a prominent DeFi lending protocol on Ethereum, made significant changes by rebranding itself to “Sky.” This rebranding also involved renaming its stablecoin from DAI to USDS, and its governance token from MKR to SKY. One of the key upgrades introduced was the ability to convert 1 DAI to 1 USDS token and 1
0 Comments
Bitcoin ETFs have experienced a rollercoaster of activity in recent weeks, with significant fluctuations in both inflows and outflows. The spot Bitcoin ETFs faced a challenging start to the month, shedding over $550 million in just three days as the price of BTC plummeted from over $65,000 to under $50,000. This sharp decline was mirrored
0 Comments
Shan Hanes, the former CEO of Heartland Tri-State Bank, was sentenced to 293 months in federal prison for embezzling $47.1 million in a cryptocurrency fraud scheme. Hanes pleaded guilty to one count of embezzlement by a bank officer after executing 11 unauthorized wire transfers to a cryptocurrency wallet between May and July 2023. This illegal
0 Comments
Shibarium, a layer-2 blockchain solution integrated with the Ethereum network, has undoubtedly made significant strides in the past year. The platform was designed to support the development of the Shiba Inu ecosystem by reducing transaction costs, improving speed, and enhancing scalability. However, despite these initial goals, it is crucial to analyze the recent upgrades and
0 Comments
German authorities recently undertook a significant crackdown on illegal cryptocurrency operations in the country. The Federal Financial Supervisory Authority (BaFin) led the operation and seized nearly 250,000 euros and 13 crypto ATMs. The crackdown targeted 35 locations across Germany where crypto ATMs were allegedly operating without proper licensing. This operation was carried out in collaboration
0 Comments
Bitcoin’s price surged to $65,000 after a period of stagnant trading sideways, with a $5,000 daily increase. One of the potential catalysts behind this sudden surge can be attributed to the actions of the US Federal Reserve. The relationship between Bitcoin and the Federal Reserve’s economic policies has been evident in recent years, particularly following
0 Comments
The recent report released by Coinbase highlights the growing influence of young, pro-crypto voters on the upcoming 2024 US presidential elections. With Gen Z and Millennials now representing 40% of the electorate, there is a notable shift towards candidates who advocate for cryptocurrency and financial innovation. This trend is further fueled by the dissatisfaction among
0 Comments
Historical on-chain data has shown that high bitcoin demand typically precedes price increases and rallies. However, the current market dynamics paint a different picture. Recent reports indicate that bitcoin demand has actually slowed down significantly since early April, despite the cryptocurrency hovering around $70,000 at that time. The daily growth of bitcoin has slowed, and
0 Comments
Bitcoin’s price has been experiencing fluctuations in the past few days, with bulls currently having the upper hand as they push BTC past the $60K mark towards $61,000. However, weekends bring a different dynamic to the market. Traditionally, weekends see lower trading volume compared to weekdays, leading to increased volatility. With less liquidity available in
0 Comments
Pi Network, a crypto project established in 2019, offers users the ability to mine and earn digital assets using their mobile devices. The project prides itself on being energy-efficient through its utilization of the Stellar Consensus Protocol (SCP) as a consensus algorithm. This sets it apart from traditional Proof-of-Work (PoW) systems known for their high
0 Comments
Bitcoin, the poster child of cryptocurrency, experienced a tumultuous journey over the past week. After a significant drop, the digital asset surged to a weekly high of nearly $62,000. The market saw a flurry of activity with other major altcoins like TRX and TON also making impressive gains. This price volatility is not uncommon in
0 Comments
Base, a Layer 2 network incubated by Coinbase, has been making significant strides in the Layer 2 network space. Recent data from IntoTheBlock reveals that Base now has nearly 40% more daily active addresses than its competitors, Arbitrum and Optimism. This growth indicates that Base is gaining a larger share of off-chain transactions within the
0 Comments