September 20, 2023

Eclipse Unveils New L2 Architecture, Bringing Solana Advantages to Ethereum

On Sept. 19, Eclipse announced a new L2 architecture, which will leverage the Solana Virtual Machine while operating on Ethereum, hence bringing the advantage of the former’s speed and scale in transaction settlement. The newly promoted L2 architecture aims to redefine the scaling world by touching on areas like Ethereum settlement, execution using SVM, availing...
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PayPal’s PYUSD Stablecoin Launches On Venmo

After announcing its new payment stablecoin last month, PayPal revealed on Wednesday that Paypal USD (PYUSD) is now available to Venmo users for transacting with peers. Initially available to “select users,” access will expand to all Venmo users in the coming weeks, according to the company’s announcement. Venmo, a mobile payments app owned by PayPal,...
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Sam Bankman-Fried Appeals for Release from NY Jail Before Fraud Trial

Incoming reports indicate that Sam Bankman-Fried’s legal team is readying their arguments for a pretrial release hearing before the U.S. appeals court on Tuesday as the billionaire founder of the defunct exchange FTX prepares for his trial on Oct. 3. Bankman-Fried’s initial plea was overruled last month as the prosecutors argued that the defendant had...
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Bearish Sign? ETH Addresses Holding Over 1,000 Coins Plunge to a 5-Year-Low

Despite Ether’s significant price rally since the beginning of the year, there has been an evident downtrend in terms of investors holding over 1,000 ETH.  Based on a Glassnode analysis, the total number of Ethereum addresses owning 1,000 or more ETH has dropped to a 5-year-low of 6,082.  In comparison, there were over 8,000 such...
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Circle’s USDC Stablecoin is Now Available on Polkadot Asset Hub

Circle, a stablecoin issuer, has introduced the USDC stablecoin into the Polkadot ecosystem of parachains. This move signifies a significant extension of the accessibility of this dollar-backed stablecoin across different blockchain networks. As detailed on Circle’s official website, developers and users can now readily access Polkadot USDC. That means the stablecoin can be seamlessly transmitted...
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Buy Bitcoin and Gold, Don’t Question Their Future Prices, Urges Robert Kiyosaki

Rich Dad, Poor Dad’s Robert Kiyosaki has once again voiced his support for bitcoin (BTC), gold and silver. This time, the author noted that he considers questions he has received about the future prices of BTC, gold, and silver to be silly and that the most important one should be how much of the assets...
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The Most Exciting Gaming Cryptos To Watch in 2023: Decentraland, Floki, Kangamoon

As the cryptocurrency industry grows, blockchain gaming has emerged as one of the most promising sectors. While there are hundreds of projects in this sector, three gaming cryptos Decentraland (MANA), Floki (FLOKI), and Kangamoon (KANG) currently stand out. In this article, we’ll explore why these are three of the most exciting gaming cryptos for 2023....
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NONE Ceases Operations Following Phishing Exploit Amounting 41.52 ETH

NONE, a top-tier suite of trading tools for cryptocurrencies and NFTs, will cease operations, partly due to an exploit on Sept. 18 in which the None deployer lost 41.52 ETH in addition to NONE tokens. According to CertiK Alert, a blockchain security firm, the incident appears to be a phishing incident. The exploit involved the...
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South Korean Taxpayers Declare Over $98 Billion in Overseas Crypto Assets: Report

South Korea’s tax agency announced today that taxpayers have declared overseas cryptocurrency assets worth 130.8 trillion won ($98.5 billion) this year following the introduction of mandatory reporting requirements. This shows a rise from the previous year’s figures, indicating the increasing importance of cryptocurrencies in the country’s financial landscape. Report Reveals $98.5 Billion in Overseas Crypto...
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CoinEx Gears Up to Restore Deposit and Withdrawals After $70 Million Hack

Crypto exchange CoinEx, which suffered a hack earlier this month, announced that it is resuming deposits and withdrawals for its users on September 21st. The platform has outlined its intention to finalize the reconstruction and deployment of its wallet system during this timeframe. According to the official update, the exchange will resume operations involving wallets...
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BTC Price Rally: Top Reasons Why Bitcoin Might Hit ATH This Year

In a recent Twitter thread, Chill|TheResponsibleDΞGΞN (@ChillTRD) has presented a compelling case for the impending arrival of Bitcoin’s most substantial bull market. At the heart of his analysis are two critical factors poised to reshape the cryptocurrency landscape 2023: the Debt Crisis and Rising Interest Rates. A new Bitcoin ATH and the biggest bull market...
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Algorand Foundation Announces Build-A-Bull Hackathon in Collaboration with AWS

[PRESS RELEASE – Singapore, Singapore, September 20th, 2023] Registration is now open for global hackathon with $200,000 in prizes across five tracks The Algorand Foundation, the organization focused on growing the ecosystem for the world’s most advanced, secure and reliable layer-1 blockchain, announces the opening of registration for Build-A-Bull, a global virtual hackathon with $200,000...
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4-Year Slumber Ends: Dormant Ether Wallet Converts to $4.19M in Stablecoins

Another dormant Ethereum address has woken up from a slumber after four years. The wallet received approximately 2,594 ETH on November 27th, 2018, worth at the time $285,836. In recent weeks, several whale addresses, which were previously inactive, had been waking up. This coincided with a slight positive change in the crypto market after weeks...
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Crypto Asset Manager Grayscale Files for New Ethereum Futures ETF: WSJ

On September 19, Grayscale Investments filed with the Securities and Exchange Commission for a new ETF tracking Ethereum futures. The firm has filed under both securities acts, the Securities Act of 1933 and the Investment Company Act of 1940, reported the WSJ. This is worth noting because the SEC has approved Bitcoin futures ETFs registered...
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Ripple’s (XRP) Massive Milestone, SHIB’s Bullish Developments, BTC Breaking Records: Bits Recap Sep 20

Three of the leading cryptocurrencies in terms of market capitalization and popularity – Bitcoin (BTC), Ripple (XRP), and Shiba Inu (SHIB) have recently achieved various milestones.  In the following lines, we will pinpoint these advancements as well as shed more light on possible upcoming developments. XRP’s Milestone As CryptoPotato reported a few days back, the total accounts...
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Bitcoin Logs Unprecedented 703,000 Transactions in Single Day: Data

Bitcoin witnessed an extraordinary surge in transaction volume in the past week, coinciding with a mild increase in its price, which broke away from a constrained trajectory. According to recent data by IntoTheBlock, the number of reported transactions for Bitcoin rose to nearly 703,000, representing the largest number recorded not just in 2023 but also...
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Blockchain Capital Raises Massive $580 Million in New Funding Frenzy

Blockchain Capital has announced the successful closure of two new funds, raising a total of $580 million. The latest funding round comprises the firm’s sixth early-stage and first opportunity funds, achieving the largest fundraiser in its ten-year history. Blockchain Capital Secures $580 Million in Funding Blockchain Capital, a prominent venture capital group, announced the successful...
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Bitcoin (BTC) $ 68,044.23 1.55%
Ethereum (ETH) $ 2,411.60 2.57%
Tether (USDT) $ 0.999969 0.11%
BNB (BNB) $ 554.71 1.37%
Solana (SOL) $ 158.90 2.96%
USDC (USDC) $ 1.00 0.08%
XRP (XRP) $ 0.505546 0.23%
Dogecoin (DOGE) $ 0.162637 6.34%
Lido Staked Ether (STETH) $ 2,412.29 2.55%
TRON (TRX) $ 0.162711 1.44%