Cardano, a decentralized Proof of Stake (PoS) blockchain, has revealed a massive surge in decentralized applications (DApps) transactions despite the recent market downturns and regulatory restrictions it faced previously.  Cardano Ecosystem QoQ On Overdrive According to a report by Messari, a blockchain analytics firm, Cardano recently experienced a 49% rise in DApp transactions on its […]

There is a new stablecoin brewing in the crypto market since last week. As things stand, the main players are Binance, Tether, USDC and Tron’s Justin Sun. While the connections are not yet clear and need further investigation, reputable research firms and crypto analysts have set out to untangle the battle for stablecoin supremacy. Tether […]

A group of FTX investors has filed a class action suit against FTX’s primary counsel Fenwick & West LLP, court filings reveal. According to the court document, the plaintiffs are suing the law firm for contributing to the “largest financial fraud in US history” that went in on the crypto exchange and subsequently led to […]

The U.S. Securities and Exchange Commission (SEC) seems more than likely to approve a spot Bitcoin ETF, according to a recent report. The regulator rejected every petition for the financial instrument, but the world’s largest asset manager, BlackRock, changed it all. Related Reading: ARK’s Bitcoin ETF Decision Nears – Will SEC Give the Green Light […]

In the fast-paced domain of cryptocurrencies, industry giants are constantly seeking ways to advance and adapt. San Jose-based payment platform, PayPal, has been no exception to this trend. The company’s recent introduction of its own stablecoin, PayPal USD (PYUSD), signals a landmark move in its journey within the cryptocurrency sector. The launch, however, was quickly […]

Embattled cryptocurrency entrepreneur Justin Sun is currently in the news as a wallet address labeled “Justin Sun” was recently reported to have transferred $200 million to the crypto exchange Huobi.  As a result of the transfer, Huobi’s USDT reserves surged from $85 million to $285 million. The transaction comes amidst an ongoing investigation by authorities […]

Luxumberg-based cryptocurrency exchange, Bitstamp is looking to expand its global presence by broadening its reach in the European and Asian Markets. According to an August 8 Bloomberg report, the crypto exchange is raising fresh funds to support its expansion goals in Europe and Asia while ramping up its UK operations. Also, the exchange revealed plans to […]

CoinsPaid, a cryptocurrency payments company headquartered in Estonia, has raised suspicions that the Lazarus Group, a group of hackers from North Korea, managed to breach its systems by utilizing deceptive recruiters who targeted company employees.  According to an official blog post, CoinsPaid disclosed that the breach, which resulted in the theft of over $37 million […]

Cardano has declined by 5% during the past week, but on-chain data show that large investors have only continued to buy more. Cardano Sharks & Whales Now Hold Highest Amount Since September 2022 According to data from the on-chain analytics firm Santiment, the ADA sharks and whales have continued to accumulate more of the cryptocurrency […]

Cryptocurrency exchange Blockchain.com has been granted a payment license in Singapore, expanding its operations in Asia and the world at large. According to a press release on Monday, Blockchain.com announced it had obtained a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS) on August 1, 2023. Blockchain.com Stamps Presence In Singapore […]

Kenya has intensified its scrutiny of Worldcoin, a cryptocurrency venture managed by OpenAI’s founder, Sam Altman. Recent reports indicate that Kenyan police conducted a raid on Worldcoin’s Nairobi facility on August 7 in order to access data. During this operation, law enforcement officials seized documents and equipment from the facility. The purpose of this action […]

Circle’s CEO Jeremy Allaire has revealed that US customers only account for 30% of stablecoin USDC’s adoption. This may come as a surprise to many, considering that Circle and its USDC token have been thought to majorly be focused on the US market, especially considering its close ties with Coinbase, the largest crypto exchange in […]

PayPal has concluded an extended period of careful consideration, advancement, and setbacks to unveil its newly established stablecoin tied to the US dollar. The stablecoin, called PayPal USD (PYUSD), facilitates users in engaging in activities such as “purchasing, vending, retaining, and transferring” the token using the payment processor’s interface.  Related Reading: Worldcoin Vulnerability: Blockchain Security […]

In a significant move underscoring the growing importance of sustainable energy sources in Bitcoin mining, Singapore-based Bitdeer Technologies Group (NASDAQ: BTDR) has announced the completion of its state-of-the-art mining facility in the Kingdom of Bhutan. The facility, located in Gedu, is currently undergoing power-on testing, with a significant portion of its mining machines already operational, […]

Stuart Alderoty, Ripple Labs’s Chief Legal Officer, took to Twitter to voice concerns over potential conflicts of interest involving former SEC official, Bill Hinman. Alderoty tweeted, “Crypto critic/x-SEC official John Reed Stark says there should be an investigation into Bill Hinman. This is broader than Ripple – there could potentially be serious conflicts of interest […]

Santiment, a blockchain analytics firm, shows that Chainlink’s development activity has been rapid since late May 2023. A metric that tracks the continuous enhancement of Chainlink, a blockchain-agnostic platform that links decentralized apps (dapps) to trustworthy external data, shows that activity rose from 1,579 on May 31 to 1,707 by July 27. Development Activity, LINK Prices Rising […]

Over two years since Ethereum merged its proof-of-work layer with the proof-of-stake Beacon Chain via “The Merge,” the network has burned over half of all ETH issued. Ultra Sound Money data on August 7 shows that out of the over 6.5 million ETH published, the network has burned over 3.5 million ETH. At the current […]

In a notable move that highlights the growing acceptance and potential of stablecoins in modern payment systems, PayPal has announced the launch of its payment stablecoin PYUSD.  This development comes shortly after the House Financial Services Committee passed the Clarity for Payment Stablecoins Act, a bipartisan legislation that paves the way for regulated stablecoin issuers, […]

Data shows the Litecoin mining hashrate is approaching a new all-time high, despite miners earning half the rewards since the halving. Litecoin Mining Hashrate Is Close To Setting A New All-Time High Like Bitcoin, Litecoin is a proof-of-work (PoW) network, meaning that chain validators called miners have to compete against each other using computing power […]

According to a recent report by CNBC, the United States Securities and Exchange Commission (SEC) is rapidly approaching a key deadline for making a ruling on ARK’s application for a Bitcoin (BTC) Spot Exchange Traded Fund (ETF).  With the global asset manager’s deadline set for August 13, the industry eagerly awaits the SEC’s thumbs up […]

In the last few months, Terraforms Labs (TFL) and co-founder Do Kwon have increasingly moved Bitcoin and other cryptocurrency assets worth millions, in a move that has seen analysts question if he is looking to raise funds for lawyers.  According to on-chain data verified by a South Korean news outlet, last month, Kwon’s associates commenced […]

Dogecoin’s popularity seems to be growing nonstop as the meme coin has now made its way into popular culture. The digital asset’s recent performance on the popular animated show Futurama outlines the far reach of this cryptocurrency which was created as nothing but a joke on Bitcoin. Futurama Goes To Dogecoin City In Season 11, […]

The allure of altcoins and their incredible returns when crypto is bullish keeps investors buying the high beta assets. This comes with higher levels of risk and volatility. The altcoin market appears to be possibly be ready for final capitulation, and variety of charts could support this idea. The technicals range from reversal signals in […]

In a surprising turn of events, the NFT community seems to have gotten a reprieve from NFT thefts following a report by Peckshield which revealed that NFT thefts have dropped by 31% in July.  NFT Thefts on The Decline Non-fungible tokens (NFTs) have experienced notable declines this month, and according to a Twitter report released […]