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
In a few days, dogwifhat will be available to trade on BitMEX via a new listing – WIFUSDT, marking the first perpetual swap for the token listed in the market. The arrival of the WIF listing on BitMEX means users can enjoy up to 10x leverage and one of the highest max position sizes in...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
MANTA, the native token of Manta Network, a layer two solution for zero-knowledge applications, is now available on BitMEX, via our new, pre-IEO, linear futures listing – MANTAUSDTF24. Manta Network is a Binance Launchpool project expected to begin spot trading on 18 January. MANTAUSDTF24 is Tether-margined and offers up to 2x leverage. Trading for MantaUSDTF24...Read More
