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Balaji Srinivasan, venture capitalist and former CTO of Coinbase, has highlighted the real purpose of Bitcoin and its implications for geopolitical and financial issues. Srinivasan stated that Bitcoin at its core is a “political revolution,” because it challenges the centralized states’ business model, and the change brought by it will be fought by states who … Read more
EigenLayer, an Ethereum protocol, is reshaping the landscape of restaking by introducing innovative features that streamline the process for users. Unlike traditional staking methods that require a minimum of 32 ETH, EigenLayer enables users to deposit liquid staking tokens like Lido stETH, Rocket Pool ETH, and Coinbase Wrapped Staked ETH, simplifying the restaking process significantly. … Read more
Despite a week marked by bullish movements across the cryptocurrency market, the native token of the Ethereum-based Non-Fungible Token (NFT) marketplace, $BLUR, failed to capitalize on the rally. Instead, it experienced a downtrend, trading on the downside throughout the week and witnessing a 10% decrease in its value. Today, an on-chain report shed light on … Read more
As the value of cryptocurrencies has risen, the non-fungible token (NFT) market has experienced a 35.14% increase in sales compared to the preceding week. This marks the third consecutive week of sales growth in the NFT sector, with NFTs based on Bitcoin leading the charge throughout this period. NFT Sales Surge Past $412 Million in … Read more
Around 88 days ago, on Dec. 4, 2023, a mysterious mega whale, closely watched by onchain analysts at Bitcoin.com News, made waves again by transferring 2,000 ancient bitcoins from 2010 that was confirmed in a single block. Since March 2020, this entity has relocated a whopping 16,000 bitcoins that had been dormant since the day … Read more
After a short period of diminished onchain network fees, the expense of sending bitcoin has begun climbing once more, hitting a midweek average of 73.3 satoshis per virtual byte (sats/vB) or $11.48 for each transaction. Currently, a backlog of 207 mempool blocks is pending, waiting to process about 134,000 unconfirmed transactions, a situation that has … Read more
Gemini has reached a settlement with Genesis and other creditors within the Genesis bankruptcy proceedings, promising a full in-kind return of digital assets to Earn program users. This resolution, pending bankruptcy court approval, signifies a major victory for users, with over $1.8 billion in assets set to be returned. Potential Full Crypto Asset Recovery for … Read more
Do Kwon, the embattled former CEO of Terraform Labs, is currently stranded in Montenegro due to extradition delays, following accusations by the U.S. Securities and Exchange Commission (SEC) of conducting a massive fraudulent crypto scheme. Last year, the SEC charged that from April 2018 to May 2022, Terraform and Kwon’s operations resulted in at least … Read more
Since its debut on February 5th, Pandora (PANDORA) has become a focal point for investors, thanks to its remarkable and rapid appreciation in value. Within a mere seven days of its launch, Pandora’s price skyrocketed by an astounding 12,000%, reaching an impressive $32,800 per token. What sets Pandora apart is its utilization of ERC-404, an … Read more
This week, the excitement among whales for Shiba Inu (SHIB) has reached unprecedented levels, signaling a resurgence in the meme coin frenzy. Data from IntoTheBlock reveals a staggering spike of nearly 500% in large transactions involving SHIB, indicative of heightened interest and activity within the community. In a remarkable turn of events, the total supply … Read more