Ethereum, the world’s second-largest cryptocurrency, is facing a challenging year as institutional investors have been rapidly shedding their holdings. In a surprising turn of events, ETH has experienced significant outflows from institutional investors in 2023, with sales reaching over $108 million year-to-date. This staggering figure marks Ethereum as the most sold digital asset among large […]

Data shows the stablecoin sector as a whole has continued to observe net outflows recently, but Tether (USDT) has only expanded further. USDT’s Dominance Among The Stablecoins Has Now Grown To Nearly 70% In its latest weekly report, the on-chain analytics firm Glassnode has looked into the capital flows into and out of the cryptocurrency […]

Crypto market volumes hit historic lows in September, plunging to levels not seen in several years. This downturn has had a domino effect, causing a sharp drop in the prices of the two largest cryptocurrencies by market capitalization at the beginning of the week.  According to a Blockworks report, average daily volumes on centralized exchanges […]

Amid the implementation struggles of crypto project Worldcoin in Kenya, Worldcoin CEO Alex Blania has been accused by the Kenyan lawmakers of data fraud saying the project’s arrival to Kenya looks like “a gang of criminals who are coming to harvest data from young people.” Worldcoin Faces Scrutinization From Kenyan Lawmakers Kenyan lawmakers and authorities […]

Ethereum co-founder Vitalik Buterin has shared with the crypto community details of the recent hack of his X account. Via a post on the decentralized social media platform, Farcaster, on September 12, Buterin confirmed he had lost his X account to hackers via a SIM swap attack.  Vitalik Buterin Confirms SIM Swap Hack Was Behind […]

In one of the latest hacks to rock cryptocurrency, crypto exchange CoinEX has fallen victim to a massive exploit, leading to over $27.8 million loss. Hackers Drain $27.5 Million From Exchange’s Hot Wallets According to a report by crypto journalist Colin Wu, this latest attack on CoinEX has caused the exodus of more than $27.5 […]

In a recent X thread, Input Output Global Inc. (IOG), the driving force behind the Cardano blockchain, has unveiled that its data protection sidechain, Midnight, will be launching on the devnet “soon”. This platform is designed to securely safeguard sensitive commercial and personal data, leveraging the power of zero-knowledge (ZK) technology. Cardano Sidechain Midnight Is […]

In a recent development, the defunct crypto exchange FTX has revealed the total assets it has recovered since its bankruptcy proceedings began. However, the question on the minds of many is whether or not these assets will be enough to repay the company’s customers. FTX Recovers $7 Billion In Total Assets According to a court […]

Though Cardano (ADA) continues to mirror the broader crypto market downturn, prominent crypto analysts have remained optimistic about the crypto project. In a recent interview, crypto analyst Hashoshi revealed his bullish stance on Cardano. Hashoshi touted Cardano as better at solving problems than most Blockchain networks, adding that the continuous development of use cases and […]

Layer-2 network Shibarium seems to have completely moved past its botched launch, as multiple metrics suggest that the network is growing at an impressive rate since it relaunched on August 27.  Shibarium Crosses 2 Million Transactions The Shibarium network is growing rapidly and has now processed over 2.1 million transactions, according to data from the […]

In a deep dive into the Solana blockchain network, Visa elucidated its reasons for selecting Solana as a part of its stablecoin settlement pilot today. As Bitcoinist reported, Visa announced last week that they are expanding their stablecoin pilot to Solana. The global payments behemoth’s decision comes on the heels of its ongoing efforts to […]

Altcoins have endured a prolonged period of stagnation characterized by exceptionally low prices. However, according to crypto analyst Michaël van de Poppe, these digital assets may be gearing up for a significant upward trend.  Van de Poppe’s insights are grounded in the widely acknowledged Wall Street Cheat Sheet, a chart that maps the psychological phases […]

In a highly anticipated appearance before the Senate Banking Committee, Securities and Exchange Commission (SEC) Chair Gary Gensler is set to reiterate his stance on the regulatory landscape of crypto today (10:00 am ET). Drawing from his pre-released testimony, Gensler remains unwavering in his belief that the majority of crypto assets fall under the purview […]

In a recent statement, Congressman Tom Emmer, a prominent figure in the GOP and a staunch advocate for crypto, expressed his concerns regarding the actions of Securities and Exchange Commission (SEC) Chair Gary Gensler.  Emmer accused Gensler of abusing his authority, leading to the expansion of the Administrative State while “disregarding the interests of the […]

Ethereum (ETH) transaction fees have hit their lowest levels since 2022, marking a significant milestone for the second-largest cryptocurrency by market capitalization.  According to insights from Ryan Selkis, the founder and CEO of Messari, the average fee for transferring ETH stands at $1.83, while the cost of token purchases via Uniswap is approximately $4.17.  This […]

In a recent development from Thailand, authorities uncovered a massive crypto scam targeting local investors, with damages amounting to more than $27 million. In collaboration with international bodies, local enforcement agencies went after a fraudulent investment platform, leading to multiple arrests and property seizures. Decoding The Deceptive Web: A Scheme Unveiled A report from the […]

Ever since Ripple emerged victorious in its 3-year-long legal battle with the United States Securities and Exchange Commission (SEC) over the security status of XRP, the bullish predictions for the altcoin have risen rapidly. The most recent and perhaps the most bullish of these predictions comes from a Wells Fargo Manager, who has put forward […]

Last month, Ahmad Wagaafe Hared, a young hacker based in the United States, was ordered to forfeit approximately $5.2 million worth of Bitcoin (BTC), Stellar (XLM), and a BMW sports car to the government. According to a report, this order was made last week due to Hared’s involvement in a SIM-swapping scheme that targeted crypto […]