Since the beginning of April, more than a million new tokens have been created, with over 370,000 appearing on Ethereum, owing to activity on Coinbase’s Layer 2 network, Base. Solana leads with the creation of over 640,000 new tokens, primarily meme coins. Base Sees Increased User Activity According to the data shared by Coinbase director […]
According to reports from Cyvers Alerts, the hacker who stole 150,000 ETH from the Parity Multisig Wallet version 1.5 in 2017 has resurfaced, moving stolen Ethereum worth $9 million to cryptocurrency exchange eXch. The hacker still has control over 83,017 ETH, amounting to $246.6 million stolen during the 2017 incident. $9M Worth of Ethereum Laundered […]
Galaxy Digital CEO Mike Novogratz thinks Bitcoin’s price action is in for a lengthy sleeper period until the market “narrative” can rear its head. That narrative can come in one of two forms: either the central bank cuts interest rates, or regulators clear the air on crypto. Bitcoin Needs A New Narrative During a company […]
Bitcoin has continued to gain mainstream adoption, with major corporations and top industry dogs incorporating the digital asset into their long-term financial strategies. Metaplanet, a Japanese investment and consulting company listed on the Tokyo Stock Exchange, is the most recent firm to make such a remarkable move. Metaplanet Makes Bitcoin Reserve Asset According to an […]
Bitcoin is likely to remain within the current trading range until a more favorable macroeconomic environment arises. Taking into account the current market conditions, such as profit margins, leverage, and the distribution of coin ages, the landscape suggests a more expressive rally within this cycle. The target for CryptoQuant’s analyst stands at around the anticipated […]
The largest US-based cryptocurrency exchange informed its customers minutes ago that it is experiencing a system-wide outage but also reassured them that all funds are safe. While it may not be entirely related, the price of bitcoin reacted with an immediate price drop that drove it south by almost a grand. The Coinbase status page […]
Deutsche Bank analysts believe most stablecoins are doomed to fail following an internal analysis of 334 currency pegs over the past 200 years. “Some may survive, although most will likely fail,” wrote the German banking powerhouse in a study published on Tuesday. The analysts argued that the few FX pegs that have held staying power […]
The popular millennial trading platform released its earnings report on May 8, beating analyst estimates. According to its first-quarter results, Robinhood reported record revenues of $618 million, up 40% year-over-year. Additionally, revenue from cryptocurrencies surged 232% to $126 million. “Transaction-based revenues increased 59% year-over-year to $329 million, primarily driven by cryptocurrencies,” the firm stated. Robinhood’s […]
Crypto markets remained flat over the weekend following a fall last week, dropping total capitalization to $2.38 trillion. This week’s economic calendar could induce more volatility as key inflation data is reported alongside a number of Federal Reserve speeches, which could indicate the direction of monetary policy going forward. Economic Calendar Tuesday will see the […]
The Hong Kong police force is in search of four men who abducted a crypto investor on Tuesday at Tai Lau Leng Village off Po Shek Wu Road in Sheung Shui district. According to a report by the South China Morning Post, the suspects stopped the 55-year-old woman while she rode in a car with […]