The widely-anticipated Dencun upgrade for the Ethereum network is live on the Goerli testnet. However, the upgrade is experiencing some issues. According to a livestream on YouTube, Dencun was launched on Goerli at 6:32 UTC on Wednesday, but the chain appears to have split as it failed to finalize when expected. Ethereum’s Dencun Upgrade Goes...Read More
Binance, the largest cryptocurrency exchange by trading volume, with 76 billion every day which is the most trusted among investors has experienced many ups and downs in 2023 due to regulatory hurdles which might be CZ’s departure of the 4 billion settlement. According to TokenInsight which is token data the rating company reported that Binance...Read More
A cryptocurrency trader who invested $10,000 in the meme coin Troll has recently realized a profit of over $1.03 million, thanks to capitalizing on Elon Musk’s updated bio description on X (formerly Twitter). On January 9, Musk altered his X profile description to “(CTO) Chief Troll Officer” and posted a message containing a similar phrase...Read More
Ripple CEO Brad Garlinghouse disclosed to CNBC that the company had been actively exploring markets outside the United States for its much-anticipated initial public offering (IPO). Garlinghouse attributed this strategic move to what he described as a “hostile” regulatory environment in the U.S. Nevertheless, the company has currently halted any intentions of pursuing an IPO....Read More
[PRESS RELEASE – San Jose, Costa Rica, January 17th, 2024] An innovative new online casino is gearing up to transform the GambleFi landscape. With an array of classic games using provably fair mechanisms, multi-chain integration, and exclusive investment opportunities, Betix brings a new spin to online gaming. As the crypto gambling industry continues its meteoric...Read More
Almost $10 billion has been traded in spot Bitcoin ETFs in the first three days since they launched last week. On Jan. 17, Bloomberg ETF analyst James Seyffart posted the updated figures revealing $9.7 billion in volume. Moreover, Grayscale has the lion’s share of this, with 52% or $5.1 billion in trade volume. Update on...Read More
Back in June of 2023, the Fantom Foundation held a vote to determine whether the network should maintain its minimum staked token requirement at 500k FTM tokens or slash it by 90% in a bid to increase the spread of the ecosystem. The change had first been proposed in February 2022 but wasn’t voted on...Read More
The crypto sentiment seems to have flipped bullish after last year’s gains, and one MakerDAO data point may suggest that optimistic leveraged bets are making a comeback. The data point in question is MakerDAO’s revenue matrix and the fact that crypto-backed loans are now the DeFi protocol’s biggest revenue contributor above Maker’s much-vaunted real-world asset...Read More
For the first time since September 2023, Bitcoin (BTC) price has consistently closed below the daily 50 Moving Average (MA), thus indicating potential reversals in the near term. The short-term Bitcoin’s bearish outlook is propped up by the possible weekly double-top in addition to the falling divergence on the weekly Relative Strength Index (RSI). Additionally,...Read More
A lucky Bitcoin miner just enjoyed another splash of profits thanks to an abnormally high fee paid by one of the network’s users. Blockchain data shows that an unknown user paid 4 BTC ($172,000) in a transaction fee on Tuesday, dwarfing the amount actually needed to process the transfer. A Costly Blockchain Mistake According to...Read More
The WEF in the Swiss town of Davos kicked off on Jan. 15 with more than 60 heads of state and government in attendance. In previous years, crypto companies were leading the advertising race in the main promenade in Davos; however, the billboards have been taken over by AI firms in 2024, reported CNBC. This...Read More
The overall market value of cryptocurrencies has increased, leading to a decline in the dominance of stablecoins. Their share of the total crypto market cap has dropped from 17.3% to 7.8%. In a market characterized by a consistent rise in short-term US bond yields, approaching 5%, investors holding stablecoins face higher opportunity costs, prompting a...Read More
The trading volume for BRC-20 tokens has surged, rising from $10-15 million to over $500 million since November 2023, according to data from Kaiko. The data indicates a substantial increase in trading activity for tokens minted on the Bitcoin blockchain, with their volumes experiencing a tenfold growth since the close of 2023. BRC-20 Token Trading...Read More
The U.S. Securities and Exchange Commission (SEC) has expressed a lack of opposition to postponing the Terraform co-founder Do Kwon’s crypto fraud trial and, instead, is open to waiting until he is extradited. Two court filings were submitted by federal prosecutors, outlining the case against Kwon and Terraform Labs concerning the $40 billion collapse of...Read More
Flare token has encountered substantial volatility in recent hours as short-term holders capitalized on the recent price rally. FLR token’s price quickly broke above resistance levels following Google’s cloud division (GOOGL) announcement of its participation as a validator and infrastructure provider on the Flare blockchain. However, this surge met considerable selling pressure near the resistance,...Read More
Prominent crypto exchange Bitfinex has announced a collaboration with Synonym to introduce a new feature that enables customers to purchase Lightning Network connections for instant deposits, withdrawals, and payments. The Lightning Channel feature is offered through Blocktank, a platform operated by Synonym, a subsidiary of Tether Holdings Limited. Bitfinex Teams Up With Synonym According to...Read More
On January 15, TrueUSD (TUSD), the USD-pegged stablecoin, experienced a deviation from its $1 parity that saw its price decline to $0.985. This comes amidst speculations that TrueUSD holders are exchanging hundreds of millions of tokens for the competing stablecoin Tether (USDT). TrueUSD Depeg Sparks Trading Frenzy on Binance Based on data from the exchange’s...Read More
[PRESS RELEASE – Grand Cayman, Cayman Islands, January 16th, 2024] 2000% increase in TVL and superior technology are causing builders to choose Sui, most recently, top lending protocol, Solend. Sui, a leading Layer 1 blockchain created by the team that led Meta’s Diem stablecoin project, has surged past $300M in Total Value Locked (TVL) continuing...Read More
[PRESS RELEASE – Saint Vincent, the Grenadines, January 16th, 2024] ApeX Protocol, one of the leading permissionless and non-custodial derivatives decentralized exchanges (DEX), proudly announces its latest integration with Coin98 Wallet, a non-custodial, multi-chain wallet, and DeFi gateway. This collaboration offers users an additional seamless option to onboard ApeX, enhancing the overall accessibility and security...Read More
Since the United States Securities and Exchange Commission (SEC) approved spot Bitcoin exchange-traded funds (ETFs) on January 10, BTC has witnessed intense selling pressure stemming from short-term holders realizing substantial profits. In the latest edition of the weekly Bitfinex Report, analysts at the crypto exchange warned that BTC is still susceptible to price corrections as...Read More
[PRESS RELEASE – Limassol, Cyprus, January 16th, 2024] The latest 1xBit tournament offers a grand prize pool of 600 mBTC and 300 Free Spins to 20 winners. 1xBit, a leader in online crypto-based gambling, has launched the “DRAGON’S TREASURE” tournament to celebrate the new year. Participants are invited to play their favorite slots from top...Read More
The first batch of ETF approvals came in last week. In the aftermath, Synapse Network co-founder Paweł Łaskarzewski has shed light on BlackRock’s moves that have captured the crypto community. Within a mere 2 days, the prominent investment giant withdrew a massive 11,500 BTC from the supply. In the latest post on X (formerly Twitter), Łaskarzewski...Read More
In recent news, Solana (SOL) was recently added to HKVAC’s Top 5 Global Large Cryptocurrency Index after overtaking Ripple (XRP) for the fifth-largest cryptocurrency by market cap. On the other hand, Toncoin (TON) has largely underperformed over the past 12 months even as altcoins surged in Q4 2023. However, Solana (SOL) or Toncoin (TON) aren’t...Read More
[PRESS RELEASE – Curacao, Curacao, January 15th, 2024] In an exciting update, HugeWin, a leading online casino, has announced a new Crypto Casino. This development, combined with diverse activities, provides an enhanced experience for all casino enthusiasts. Additionally, HugeWin is offering lucrative discount bonuses, aiming to provide unprecedented entertainment and rewards for its players. The possibility...Read More
Tether, the entity responsible for the USDT stablecoin, has experienced a surge in market dominance from 50% to an impressive 71% throughout 2023, as reported by Glassnode. Meanwhile, Tether’s growth has managed to attract bad actors such as criminals, money launderers, and scammers in Southeast Asia, according to a United Nations report published on Monday....Read More
Digital asset investment products experienced a $1.18 billion increase in inflows last week, according to CoinShares. This figure, however, did not surpass the previous high set in October 2021 when futures-based Bitcoin ETFs garnered a total of $1.5 billion. The latest edition of “Digital Asset Fund Flows Weekly Report” further revealed that the trading volumes...Read More
Michael Saylor revealed an alarming trend involving the proliferation of artificial intelligence (AI) generated deepfake videos featuring him. Saylor disclosed that his team is tirelessly working to remove approximately 80 such fake videos daily, most aimed at promoting various Bitcoin scams. Deepfake Videos Promoting Bitcoin Scams ⚠️ Warning ⚠️ There is no risk-free way to...Read More
Bankrupt lending firm Celsius has transferred over $125 million worth of its Ether to crypto exchanges in the past week as part of its initiative to repay creditors. The move follows that of FTX and Alameda Research, which also resumed funds transfer earlier this month. $125 Million ETH Transfer From January 8 to January 12,...Read More
The meme coin space has a new contender that is turning heads and causing a stir – Sponge V2 (SPONGEV2). With the project having already seen over 5 billion tokens staked in anticipation of its release, many investors are wondering if this Ethereum-based token could become the next Bonk (BONK) and deliver jaw-dropping returns. Sponge...Read More
Maker (MKR) witnessed a noteworthy surge in activity in the first week of the year. The crypto asset climbed to $2,140, a level not seen since April 2022. As a result of the price action, MKR’s monthly gains surged to exceed 50%. This impressive rise seems to be associated with the accumulation of MKR by...Read More
