XRP Ledger (XRPL) is set to host the DeLux Network, a billion-dollar metaverse project. The team behind the project has made progress by sealing partnerships with projects based on the XRPL, such as Lux Lions, Aftermath Islands, and Primo Gardens Inc. On September 1, 2023, the Token’s Initial DEX Offering (IDO) will commence and will […]
Fenix International Limited, the parent company of the adult content subscription platform OnlyFans, has made a significant investment in Ethereum (ETH). The company’s financial statement for 2022 reveals a purchase of Ether worth $19.889 million. Despite the volatile nature of the crypto market, the purchased ETH had an impairment loss of $8.455 million, bringing the […]
Bitcoin network hash rate has recently reached a new peak of 414 exahashes per second (EH/s) on Aug. 18, according to Blockchain.com. This is a 54% increase from the beginning of 2023 and 80% over the past 12 months. However, Bitcoin mining revenue or “hash price” — a measure of dollars earned per TH/s per […]
Austrian Chancellor Karl Nehammer has recently proposed enshrining the right to use cash in the country’s constitution, a move that has sparked a heated debate. Nehammer believes that cash holds a deep-rooted significance for the citizens of Austria, representing tangible value, privacy, and sovereignty. This proposal has been met with both support and criticism, with […]
Stablecoins have made a huge impact in the payments industry, settling more than $11 trillion in value in 2022, rivaling Visa’s $11.6 trillion. This is according to a report by European hedge fund Brevan Howard.The report found that over 25 million blockchain addresses held more than $1 in stablecoins, with the majority of these being […]
Cardano, a prominent blockchain protocol, has recently launched the Catalyst testnet to the public. This allows participants to collaborate with the IOG Catalyst development team in testing new features. Cardano’s Project Catalyst aims to link investors with novel ecosystem protocols through decentralization.The Cardano cryptocurrency has experienced heightened instability in the past week, with its price […]
XRP has become the most preferred asset in South Korean investors’ portfolios, especially those in their 20s, according to new findings. The proportion of XRP in the portfolios of individuals in their twenties exceeds that of Bitcoin and Ethereum by approximately 3.2%.Kim Dong-hwan, CEO of South Korea’s virtual asset specialist Wonderframe, believes investors in their […]
Shiba Inu (SHIB) has encountered a shaky start following the launch of Shibarium, with a 23% slip in price. On the other hand, Borroe ($ROE) has been experiencing an upsurge in activity as the network’s interest continues to skyrocket. The Stage 1 presale of $ROE tokens has surpassed 51%, and the token is currently selling […]
The Eurozone is facing a financial crisis due to the excessive money printing by the European Central Bank (ECB) and the national central banks of member states. This has led to a total of EUR 8.828 trillion being injected into circulation, and a market-to-market loss of 700 billion euros in the past year. Germany has […]
Stablecoin adoption saw a surge in activity last year, with over $11 trillion in value settled and over 25 million blockchain addresses holding more than $1 in stablecoins. According to a report from European hedge fund manager Brevan Howard, the majority of non-speculative activity uses fiat-backed stablecoins such as USDT, USDC, BUSD, and TUSD.The report […]
