Friend.tech, a decentralized application built on Base, has seen a decrease in trading volume and overall activity, leading some Twitter users to proclaim it “dead.” According to Lisandro Rodriguez, Payments Risk Manager at Coinbase, the platform’s demise is mainly due to “greed and poor execution” from its team management. The platform’s structure enables the community […]
Chris Burniske, a crypto investor and former head of crypto at ARK Invest, recently shared his thoughts on the digital asset markets. He believes that sentiment is signaling that the markets are gearing up for a reversal to the upside, despite the possibility of a credit-induced correction. Burniske believes that any correction will be minor […]
The Bitcoin network has reported a hash rate of 400 terahashes per second, a figure never before seen in its history. This upswing in the hash rate is similar to the run-up to the 2020 halving event, which typically halves block rewards. However, this achievement comes with a high energy consumption cost. In response to […]
The crypto world is abuzz with an unexpected success story. InQubeta, an innovative platform integrating AI and crypto, has managed to raise an impressive $2.3 million amidst the prevailing crypto uncertainty. The platform allows everyday investors to invest in AI start-ups, a realm traditionally dominated by tech elites. With its ERC20 coin, QUBE, InQubeta is […]
A crypto wallet belonging to the 1inch Investment Fund recently bought 6,088 ETH at the price of $1,655, spending over $10 million on the purchase. This comes after the company cashed out and profited from its earlier moves on the ETH asset, spending around $26 million in total on three instances in January, February and […]
Wall Street Memes (WSM) and Launchpad XYZ (LPX) are two low-cap cryptos gaining traction recently. WSM and LPX are both in the midst of successful token presales, with LPX having raised over $1.4 million and offering a limited-time 20% bonus for presale participants. WSM and LPX have both attracted attention from the influencer community, with […]
Cardano’s co-founder Charles Hoskinson has made a bold prediction that his project will overtake Bitcoin and Ethereum in the future. He believes that Cardano has higher scalability and interoperability, which will give it an edge over the two leading cryptocurrencies. Hoskinson also believes that Cardano’s decentralized governance will give people a chance to rise and […]
Shiba Inu (SHIB) tokens have seen a substantial amount of withdrawals last week, amounting to two trillion tokens, which is equivalent to $16 million. The highest outflows were seen on August 22 and 23, accounting for 80% of the total amount. Currently, there are over 80 trillion SHIB tokens on cryptocurrency exchanges, equaling approximately $635 […]
The Shibarium team has announced that withdrawals from their Ethereum Layer2 bridge will take longer than usual to process. This was updated on August 28, 2023 at 11:32 am.The bridge is a tool that allows users to transfer funds from one blockchain to another. It is designed to make transactions faster and more secure.The Shibarium […]
Cryptocurrency markets have been experiencing a period of correction, but a recent analysis by JPMorgan Chase & Co. suggests that this phase is coming to an end. The liquidation of long positions within the crypto sphere has largely been settled, making significant drops in value less probable. Futures contracts for Bitcoin trading on the Chicago […]
