The resurgence of memecoins may have waned, but the Shiba Inu token (SHIB) continues to capture attention. On July 5th, SHIB stood out among tokens with the highest transaction fees, indicating a surge in activity surrounding it. Recent data reveals significant growth in the SHIB network, further supporting a bullish outlook. Additionally, the supply of
Zero-knowledge proofs (ZK-proofs) have become a crucial technology in the crypto industry. These cryptographic methods enable one party to prove the truth of something to another party without revealing any information. ZK-proofs play a vital role in achieving blockchain scalability for Ethereum layer-2 solutions and ensuring the privacy and security of ZK transaction networks. The
Changpeng Zhao (CZ), the CEO of Binance, recently shed light on why the company dedicates time and resources to support cryptocurrencies and blockchains beyond its own developments. While CZ expressed optimism about the BNB Chain ecosystem, he emphasized that he personally advocates for Bitcoin (BTC). During an Ask Me Anything (AMA) session on Twitter, a
Starknet, the Ethereum layer-2 scaling protocol, has recently deployed its Quantum Leap upgrade on testnet, claiming the ability to process “hundreds of transactions per second.” This represents a significant improvement, at least 50 times faster than its current throughput. The Version 12 upgrade achieves this by harmonizing the interaction between the sequencer’s code and the
Centralized exchanges (CEXs) experienced a significant surge in trading volume in June, with both spot and derivatives trading witnessing substantial growth. This increase in activity was mainly fueled by BlackRock’s exchange-traded fund (ETF) filing and regulatory actions against major crypto exchanges like Binance and Coinbase in the United States. Spot Trading Volume Spot trading activity
Verge ($XVG) has experienced an astonishing surge of 380%, leaving traders wondering if this momentum is sustainable or just temporary. However, Verge is not the only cryptocurrency that has caught the attention of traders. Wall Street Memes ($WSM) and Ecoterra ($ECOTERRA) have also emerged as significant players in the market. Verge, a decentralized and open-source
Crypto payroll company Bitwage has announced that it will disable payments in USD Coin (USDC) for U.S. residents. This decision comes as financial regulators in the U.S. have increased their regulatory scrutiny of the crypto industry. Major crypto firms like Binance and Coinbase have recently faced charges. Consequences for Users Bitwage has warned its customers
According to a report by CBC on July 4, two Canadian teenagers have been apprehended and charged in connection with the theft of $4.2 million in cryptocurrency. The accused teenagers allegedly posed as Coinbase support to gain unauthorized access to a victim’s exchange account, stealing a significant amount in Bitcoin (BTC) and Ethereum (ETH). While
The Lido team has recently made accusations against its competitor, Rocket Pool, claiming that it is too centralized. Both Lido and Rocket Pool are liquid staking protocols that enable users to delegate their cryptocurrency to validators and receive derivative tokens in return. Lido’s community staking lead, Dmitry Gusakov, highlighted in a social media post that
Ordinals developers are revolutionizing the way blockchain bloat caused by Bitcoin NFTs is managed, potentially slashing creation costs by 90%. The latest development in this field is BRC69, a groundbreaking standard proposed by Ordinals launchpad platform Luminex. The aim of BRC69 is to optimize the costs associated with inscribing on Bitcoin using the Ordinals protocol.
The Open Metaverse Alliance (OMA3) has recently unveiled an ambitious project aimed at addressing the challenges of navigating the metaverse. Based in Zug, Switzerland, this consortium consists of leading companies in the metaverse industry who share a common vision. Their mission is centered around establishing standards and infrastructure to pave the way for user-controlled and
The Financial Conduct Authority (FCA) of the United Kingdom has announced that a new financial promotions regime will be implemented for crypto assets starting October 8. In a letter dated July 4, the FCA outlined the various legal pathways that firms can use to promote crypto assets to consumers in the UK. These pathways include
Nasdaq has resubmitted BlackRock’s application for a spot-Bitcoin exchange-traded fund (ETF) on July 3. The resubmission comes after Nasdaq clarified its intention to enter a surveillance-sharing agreement (SSA) with Coinbase, which will serve as the required spot-Bitcoin exchange for the ETF. This move is similar to the applications filed by Cboe Global Markets on behalf
Binance, one of the leading cryptocurrency exchanges, experienced a significant decline in spot trading volume during the second quarter. This decline, amounting to nearly 70%, was primarily attributed to the reintroduction of fees for its most liquid Bitcoin pairs. The exchange had previously offered zero-fee trading for Binance USD (BUSD), but due to regulatory challenges
Mastercard’s Chief Digital Officer, Jorn Lambert, believes that blockchain technology has the potential to revolutionize the payments industry. However, Lambert emphasizes that for this technology to achieve mainstream adoption, there is a need for “financially-regulated applications” and “central bank-backed money.” In an interview with PYMNTS, Lambert expresses confidence in the integration of digital assets and
The Hong Kong government has taken a significant step towards the development of Web3 by appointing Yat Siu, the co-founder of Animoca Brands, to its newly formed Task Force on Promoting Web3 Development. This task force aims to provide recommendations for the long-term growth of Web3 within Hong Kong. The establishment of this task force
Nonfungible tokens (NFTs) have not rebounded to the same extent as the overall cryptocurrency market. Even the most prominent collections in the industry, like Yuga Labs’ Bored Ape Yacht Club (BAYC), have experienced substantial discounts. On July 3, Will Clemente, co-founder of Reflexivity Research, disclosed that BAYC’s value had dropped by 90% from its peak.
A recent study conducted by KuCoin has found that nearly half, or 49%, of German crypto investors believe that digital currencies have the potential to help them achieve their long-term wealth accumulation goals. Furthermore, one in four individuals surveyed stated that they view crypto as a store of value, especially during times of economic turbulence.
Pluxee, a digital-first employee benefits and engagement platform, has joined forces with the DFINITY Foundation and Yumi to introduce a groundbreaking initiative aimed at boosting employee engagement. This collaboration marks a significant shift toward a Web3 approach to workplace culture. The partnership aims to launch Pluxee’s first-ever NFT collection, aptly named “The X Collection,” which
In today’s cryptocurrency market, Son of Pepe Coin has emerged as one of the top gainers, attracting significant attention on DEXTools. This remarkable surge has positioned it as one of the most notable gainers in the crypto space. As investors search for tokens with explosive potential, it is crucial to stay informed and explore the
John Michael Musbach, a 34-year-old resident of Haddonfield, New Jersey, has recently been sentenced to six and a half years in jail for a heinous crime. Musbach hired a hitman on the Dark Web to murder a child who was about to testify against him in a child-pornography case. This child, who was the victim
Bitcoin SV has recently experienced a significant surge in price, witnessing a remarkable 30% increase. This surge was accompanied by a trading volume of $400 million, leading to speculations about the possible involvement of large investors, commonly referred to as whales, in the market. The current live price of Bitcoin SV is $49.39, with a
According to an analysis conducted by the Atlantic Council, nearly all major economies are actively exploring the implementation of Central Bank Digital Currencies (CBDCs). This study revealed that 130 nations, accounting for approximately 98% of the global GDP, have expressed interest in CBDCs. While 11 countries, including China, have successfully launched their own CBDCs, another
Erik Voorhees, the founder of Shapeshift and a well-known advocate for Bitcoin, believes that decentralized finance (DeFi) has already addressed the issue of regulatory clarity that restricts people from possessing or trading a majority of cryptocurrencies. The crypto industry is worried that cryptocurrencies, other than the four listed on the newly launched EDX Markets, namely
Binance Research, the research arm of the world’s largest cryptocurrency exchange, recently conducted a survey to gauge the outlook of institutional investors towards cryptocurrencies. The survey, titled the “Institutional Crypto Outlook Survey,” was conducted between March 31 and May 15, 2023, with 208 global institutional clients and VIP users participating as respondents. These respondents represented
TRM Labs, a prominent firm specializing in blockchain analysis and the prevention of cybercrime, has recently published a detailed report outlining the significant sums of money lost to malicious actors within the crypto industry throughout 2022. These figures are particularly striking, given the decline in prices and waning interest in the market over the past
Bitcoin Cash (BCH) has recently experienced an astonishing rally, surging by 70% in just seven days. This significant price increase has sparked speculation about the potential of Bitcoin Cash surpassing Bitcoin. Currently trading near the $300 level, BCH has already completed an impressive 78.2% Fibonacci retracement, adding further interest to its upward trajectory. In this