The world of cryptocurrencies has experienced a boom in recent years, with Bitcoin taking the lead as the most popular digital asset. However, while Bitcoin’s value soared to new heights in 2023, an unexpected trend emerged in the realm of Bitcoin ATMs. Coin ATM Radar, a leading tracker of crypto ATMs, reported a significant decline
Ethereum, the king of altcoins, has been gaining significant support from its largest holders, commonly known as whales. These influential players in the cryptocurrency market have been on a relentless buying spree, driving the price of Ethereum to new heights. The increasing accumulation of ETH by these whales hints at their confidence in the future
In 2023, the cryptocurrency industry witnessed a significant decline in security incidents, according to CertiK’s latest report. The total losses amounted to $1.84 billion, a 51% decrease from the previous year. This article will delve into the key findings of CertiK’s report and shed light on the vulnerabilities and challenges faced by the crypto industry.
The crypto industry has been witnessing significant advancements in Layer-2 (L2) scaling solutions, and one platform that has been making waves is Arbitrum. Since the launch of its native token, ARB, in March 2023, Arbitrum has been on an impressive upward trajectory. The protocol’s recent surge in value, along with its surpassing of Ethereum (ETH)
Solana co-founder Anatoly Yakovenko is confident that their blockchain can meet the increasing demand for decentralized applications (dapps) without the need for layer-2 solutions, unlike Ethereum. In a recent post, Yakovenko emphasized Solana’s design, which utilizes a hybrid consensus mechanism, enabling it to scale efficiently without relying on additional layers. According to Yakovenko, the goal
Bitcoin ETF applicant VanEck has made a significant commitment to the development of the Bitcoin Core network. VanEck plans to donate 5% of its fund’s profits to Bitcoin Core developers, provided it receives approval from the U.S. Securities and Exchange Commission (SEC). This pledge has the potential to be a lifeline for developers who often
News surrounding the approval of spot Bitcoin exchange-traded funds (ETFs) has been met with delays, leaving investors and enthusiasts eager for updates. As the US Securities and Exchange Commission (SEC) moves at its own pace, speculation persists about when the long-awaited approval will finally come. In this article, we will examine the latest developments surrounding
In January of 2023, the world watched as YouTuber CoffeeZilla exposed the dark truth behind Logan Paul’s CryptoZoo project. What seemed like an exciting and innovative venture turned out to be nothing more than smoke and mirrors. Participants were enticed to purchase egg NFTs, with the promise of a thrilling gaming experience where they could
Celestia (TIA) has experienced significant growth since its launch on the Osmosis platform on October 31, 2023. Initially starting off modestly, TIA’s price has shown a volatile yet upward trajectory over time. Despite the inherent fluctuations in the crypto market, TIA has managed to increase its valuation multiples over the past months. This cryptocurrency now
The Shiba Inu Layer 2 Shibarium network has demonstrated impressive resilience and recovery after the holiday season. This time around, the layer 2 network is celebrating a major milestone, crossing a total of 250 million transactions processed since its launch last year. The recent surge in transactions comes following a decline at the start of
The rise of big data has paved the way for the utilization of artificial intelligence (AI) across various industries. In the finance sector, AI algorithms are revolutionizing traditional practices by extracting valuable insights from vast amounts of market information. This transformative power of AI is particularly evident in the world of cryptocurrency trading, where AI-driven
The Web3 gaming sector is on the rise, with a multitude of games expanding their horizons and captivating players around the world. One game that stands out in this landscape is “SERAPH: In the Darkness,” an immersive dark-themed ARPG built on the Arbitrum One blockchain. With its recent conclusion of the third round of closed
Cryptocurrency enthusiasts have witnessed a significant decline in prices over the past day, with XRP being one of the worst affected. The value of XRP has plummeted by 10%, causing a seismic shift reminiscent of the drastic market volatility experienced in August of the previous year. The rapid decline in price has led to a
The decentralized exchange (DEX) market has been witnessing a surge in meme coins, with many experiencing unprecedented price pumps. One such memecoin that has caught the attention of FOMO traders is BONKITA, a spin-off token riding on the popularity of the BONK narrative. In its first 8 hours of trading, BONKITA gained significant traction, thanks
In a recent report by WSJ, it was revealed that Binance co-founder Yi He holds a significant stake in Binance’s holding company located in the Cayman Islands. With a minimum of 10% ownership, Yi He wields substantial influence over the marketing and investment aspects of the company. In fact, in the absence of CEO Changpeng
The landscape of customer engagement and loyalty strategies is rapidly changing with the rise of digital and virtual experiences. Traditional loyalty programs, which were limited to transaction-based points systems, are no longer effective in meeting the evolving preferences of consumers. Recognizing this need for adaptation, Visa, one of the largest payment providers in the world,
Senator Steve Padilla (D-San Diego) has introduced two new bills, Senate Bills 892 and 893, to establish a comprehensive and ethical framework for artificial intelligence (AI) in California. In a press release on January 3rd, Padilla highlighted the need to harness AI’s potential while ensuring its safe and responsible use, particularly in state contracts. The
Blockchain-based decentralized finance (DeFi) protocols continue to face security threats, as evidenced by the recent exploit on Gamma Strategies. This article critically examines the incident, the protocol’s response, and the broader implications for the DeFi industry. Gamma Strategies, an Ethereum-based DeFi protocol, suffered a significant exploit that resulted in a loss of approximately $3.4 million.
Completing risk-acknowledgment forms has become a requirement for users of Coinbase UK, as the company strives to comply with the Financial Conduct Authority’s (FCA) new financial promotions regulations. However, this process has posed several challenges for users, leading to frustrations and dissatisfaction. Coinbase UK has notified its users via emails that they must complete a
In a recent statement, cryptocurrency exchange Binance announced its consideration to delist three major privacy tokens: Zcash (ZEC), Monero (XMR), and Horizen (ZEN). Binance justified this move by stating that these assets are no longer meeting its listing criteria. In addition to the aforementioned tokens, Binance also placed a “Monitoring tag” on other digital assets
Japan, known for its resilience and strength in the face of natural disasters, experienced a devastating earthquake this week. The country’s West Coast, particularly the main island of Honshu’s Ishikawa prefecture, was severely affected. The earthquake, measuring 7.5 on the Richter scale, triggered tsunamis and fires, causing widespread destruction to infrastructure and claiming the lives
The cryptocurrency market experienced a significant downturn today as Bitcoin dipped to around $40,500 amid rumors of a potential rejection for a spot Bitcoin ETF. This downward trend also affected other cryptocurrencies, including Hedera Hashgraph’s HBAR token, which saw a drop of nearly 9% to $0.0885. Despite this setback, HBAR has managed to maintain its
Tether, the popular dollar-pegged stablecoin, has experienced a tremendous rise in the past six years, bringing its total assets close to the $100 billion mark. According to the latest transparency report, Tether’s total assets currently stand at $95.2 billion. The majority of these assets, accounting for $92 billion, are held in the form of the
The price of Solana (SOL) has been on a staggering rise, increasing by 722% year-to-date. This growth has not only attracted attention but also posed challenges for the network. Along with the surge in value of the native token, the use of Solana-based meme coins like Bonk Inu (BONK) has skyrocketed by over 854% this
Crypto financial services platform Matrixport has recently stirred up a frenzy in the crypto community with the release of two conflicting articles on January 2nd, each offering contradictory projections about the future of Bitcoin (BTC). These articles generated mixed sentiments among investors and triggered a wave of controversies. This critical analysis aims to dissect and
The cryptocurrency market recently experienced a sell-off, causing Bitcoin’s price to plummet by over 10%. However, amidst this downturn, savvy investors see an opportunity to buy into the market at lower prices. As the market sentiment turns bullish, let’s explore five established cryptocurrencies that may lead the charge in 2024. One of the mainstays in
Cross-chain lending protocol Radiant Capital recently fell victim to a hack, resulting in the loss of 1,900 ETH, equivalent to around $4.5 million. The incident was discovered by blockchain security and analytics firm PeckShield Inc. Radiant Capital operates as a decentralized borrowing and lending protocol, utilizing cross-chain functionality built with LayerZero technology. Currently, the protocol