13 Crypto Exchanges Custody 7% of the Crypto Economy, Coinbase Dominates With $56.2B AUM

13 Crypto Exchanges Custody 7% of the Crypto Economy, Coinbase Dominates With $56.2B AUMAs 2022 begins, 13 different cryptocurrency exchange platforms have more than a billion dollars each in digital currencies held in reserves. Between all 13 trading platforms, the group of exchange platforms hold a whopping $165.25 billion worth of bitcoin, ethereum, and tether. 13 Crypto Exchanges Hold a Billion or More in Crypto Equalling Over $165 […]

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Offchain Labs Launches Arbitrum One Mainnet — Startup Raises $120 Million

Offchain Labs Launches Arbitrum One Mainnet — Startup Raises $120 MillionOn August 31, 2021, Offchain Labs announced the official launch of Arbitrum One mainnet and further detailed that the company has raised $120 million in funding. The Series B financing led by Lightspeed Venture Partners gives the firm a $1.2 billion valuation. Arbitrum One Mainnet Is Now Live, Offchain Labs Raises $120 Million in Funding […]

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Shapeshift to Dissolve Corporate Model, Platform Airdrops FOX Tokens to Community of Users

Shapeshift to Dissolve Corporate Model, Platform Airdrops FOX Tokens to Community of UsersFounded on July 1, 2014, Shapeshift has been offering global trading of a variety of digital assets for seven years. Following the company’s recent anniversary, it announced Shapeshift is evolving into a community-owned decentralized platform. Shapeshift founder Erik Voorhees explained in a blog post that the firm airdropped FOX tokens to over a million customers […]

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Trading Exchange Okex’s Crypto Reserves Nosedived After Withdrawals Opened

Trading Exchange Okex's Crypto Reserves Nosedived After Withdrawals OpenedJust recently, after the exchange paused cryptocurrency withdrawals, the trading platform Okex finally enabled digital currency withdrawals last Wednesday. Since then, the exchange seems to be experiencing an exodus of funds leaving, as onchain data shows Okex’s crypto-asset reserves like bitcoin, ethereum and tether have depleted considerably during the last ten days. Over the years […]

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NBA Point Guard Spencer Dinwiddie’s Tokenized Contract Raises $1.3 Million

NBA Point Guard Spencer Dinwiddie's Tokenized Contract Raises $1.3 MillionNBA player Spencer Dinwiddie has finished the token sale of his contract that is hosted on the Ethereum blockchain. The sale of Dinwiddie’s tokenized contract raised $1.3 million which was only a tenth of what the project hoped to sell ($13.5 million). Even though the Brooklyn Nets guard Spencer Dinwiddie put a lot of energy […]

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Aggregate ERC20 Market Cap Outpaces Valuation of ETH in Circulation by $2 Billion

Aggregate ERC20 Market Cap Outpaces Valuation of ETH in Circulation by $2 BillionData now shows that the aggregate market valuation for all the ERC20 tokens in existence has surpassed the market capitalization of Ethereum’s native coins. According to data, the net worth of the ERC20 token ecosystem is roughly $2.5 billion larger than the $26.7 billion Ethereum valuation. The cryptocurrency community has been discussing the aggregate market […]

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