Activities in Layer2 have established a new record based on gas fees on the ETH blockchain. Based on data collated from Rebuffo through Dune Analytics, activities in the protocol consumed above 30 billion in transaction fees in March alone. The gas fees came from processed transactions and others in the protocol. The data means Layer2 […]
Hong Kong-registered crypto firm Huobi is making a move to launch an exchange-traded fund for virtual currencies. An ETF exposes investors to crypto investments without purchasing any of the assets directly. The ETF will monitor major digital currencies and help retail investors get on board with crypto investments. The blockchain firm, whose parent company is […]
Bitcoin has emerged as the most widely regarded digital token to have entered the mainstream before others and is continually leading the way. At present, its role in the global financial market is becoming an increasingly evident factor in the ongoing conflict in Eastern Europe involving Russia and Ukraine. Bitcoin’s role in the scheme of […]
The past seven days have witnessed a resurgence of sorts in the crypto space as Russian tanks invade Ukrainian cities. The cryptocurrency world experienced a sharp drop to about $35,000 some 8 days ago before a resurgence to about $45,000 recently with hopes of high activity in the crypto market because of the sanctions imposed […]
While the entire crypto market is struggling to come to terms with the sudden crash in price after an initial market recovery in the last couple of days, ANC recorded a positive performance. It appears that the Anchor Protocol (ANC) token is not subjected to the same market movement as others, as its price surged […]
When the cryptocurrency market was experiencing the usual fluctuations associated with the marketplace, with prices crashing and investors gasping for air to survive the brutal market force, there is always something to look out for in all these. In the ongoing price disruption in the market, crypto tracking firms observed large wallets moving huge XRP […]
ZKsync, a ZK roll-up solving Ethereum scalability with zero security compromises, has announced the deployment of its roll-up protocol on the ETH test-net was successful. The Excitement In The Ethereum Community ETH advocates are excited about this development since transactions can be validated without human influence. The deployment comes nearly 12 months after the creators […]
XRP wallet addresses with at least 10m tokens have purchased about 900m XRP tokens (valued at about $710m as of this writing) between last December and this month. It is the second time such massive accumulation has taken place in the last half a decade. Santiment Data Reveals It All Data from the on-chain analytics […]
The second biggest stable coin globally, USDC, has been enjoying a relatively meteoric rise in market valuation over the last few years. February 1 has been the most monumental for stablecoin as it surpasses $50 billion in market capitalization. Circle Inc., the creator of the USDC, is reported to have minted up to 100 billion […]
British Virgin Islands-based crypto trading platform, Bitfinex, has revealed that its users can now trade the GBP, and JPY against the USDT and the GBP/EURt. Part of the announcement which was issued today stated that the goal of these additional margin trading services is to expand its stablecoin offers and more importantly, meet with customers’ […]
BTC found new bullishness today to break a 12-week decline. The crypto fear & greed index hit 48 today, making it the highest in 12 weeks and signifying a major shift in the crypto market. The crypto market cap is back at the $2 Tr levels following a month of intensive selling pressure by the […]
ETH 50-Week Moving Average Ethereum price has bounced back moving with the power of 50 weeks average, a trustworthy assistance level from 2020-to 2021 transactions. Ethereum’s native token Ether (ETH) is prepared to hit $3500 in the upcoming season as it repossesses a strong support level on February(Feb 5). Ethereum rising above its 50-week moving […]
While examining the amount of Ether held by the top ETH whale exchange addresses, on-chain data analytics Santiment, reveals that the top ten whale addresses hold about 5.83 million Ethereum. In contrast, non-exchanges hold about 24 million ETH. Santiment notes that this could be attributed to the sustained trend of shifting cryptos away from exchanges. […]
Animoca Brands led Web3’s virtual identity network NFT3s to complete the seed investment round, bagging a total sum of $7.5million. The founding round investors included investment leaders and venture capitalists such as US health care company Prometheus Labs, Digital Finance Group, and crypto fund investment company LD Capital also participated in the round. Web3’s Chief […]
Cardano now has a new DEX (called ADAX) five months after enabling Smart contracts on the platform. Part of the official announcement from the Cardano team indicated that the new DEX is an integral part of the long-term development of the Cardano community. The Cardano team had previously launched a testnet for the ADAX platform […]
There has been an increase in the number of users that operate on derivatives DEXs, which is as a result of a surge in the number of retail investors that have chosen to go into derivatives trading as well as decentralized exchanges DEXs, the action is partly as a result of the laws in the […]
Qubit recently joined the unlucky list of DeFi protocols on the Binance Smart Chain (BSC) to get exploited. Approximately about $80 million worth of BNB tokens just got lost. The hack was carried out at the latter part of the night, on January 27, 2022, and was only discovered by the platform some few hours […]
Popular trading platform, Robinhood, has launched the trial version of its crypto wallet feature that allows its users to perform crypto transactions outside the platform. Feature Only Available For Select Users However, this feature (WenWallets) is only available to 1,000 selected users. Part of the press release issued by Robinhood states that the firm intends […]
Until the implementation of EIP-1559 during the London hard fork of august 2021, ETH users couldn’t pay fees using burned Ether. Implementing EIP-1559 But since the implementation of the EIP-1559, burning ETH has been a custom among ETH users. It has to be noted that ‘burning ETH’ is an act of reducing ETH supply permanently. […]
Secret Network’s native coin SCRT surged over 19% within 24 hours. However, the altcoin still hovers beneath its ATH of $10. Secrete Network confirmed its concluded Duplex Finance pilot, considering a smooth path ahead. Secrete Network Collaborated with Key Tango to Complete Duplex Finance Pilot. Secrete Network team declared concluding its Duplex Finance project’s pilot […]
