According to IntoTheBlock’s data analysis, Shiba Inu’s price shows robustness as indicated by on-chain metrics. These metrics demonstrate that a significant number of holders are supporting the coin. Moreover, the Active Addresses by Profitability suggest that over 35 trillion addresses are currently profiting from the Shiba Inu price level. Delving deeper into the on-chain information, … Read more
After the highly anticipated fourth Bitcoin Halving, QCP Capital offers insightful analysis on potential short-term implications for the cryptocurrency market in the aftermath of this event. Bitcoin Bulls To Hold Larger Long Position Post-Halving During a recent broadcast on Monday, QCP shared an in-depth examination on Telegram, covering the intricacies of post-halving periods and offering … Read more
Based on Bloomberg’s report, the defunct Bitcoin exchange Mt. Gox, previously responsible for processing around 70% of global Bitcoin transactions, is potentially preparing to dispense approximately $9 billion in Bitcoin to its indebted clients. This event represents a pivotal moment in the lengthy and complex story of cryptocurrency’s history. In 2011, Mt. Gox, once the … Read more
In an exciting development for Hong Kong’s financial sector, Victory Securities has revealed innovative modifications to its Spot Bitcoin and Ethereum Exchange-Traded Funds (ETFs). This announcement, made public via a recent press release, signifies Hong Kong’s entry into the realm of cryptocurrency spot ETFs. This groundbreaking move represents a notable achievement in the global financial … Read more
On April 23, 2023, XRP, the cryptocurrency developed by Ripple Labs, attracted significant investor attention due to an increase in large-scale investors’ (whales) involvement in the past day. This surge in XRP whale activity coincided with Ripple’s recent move to challenge the U.S. Securities and Exchange Commission (SEC). The combined events fueled excitement within the … Read more
The new protocol not only offers improved speed and cost savings, but also aims to eliminate the divide between EVM and non-EVM networks. This solution tackles various issues such as fragmented liquidity markets, pricey cross-chain transactions, and security concerns with inter-chain bridges. DODOChain L3 kicks off, public testnet solution is out According to the announcement … Read more
Uniswap, a trailblazing decentralized exchange (DEX), is making headlines today as it reaches an impressive milestone in its multichain expansion. According to recent reports on X, an astonishing 3,271,574 users are now utilizing Uniswap’s multichain features. Notably, these protocols support Ethereum, Arbitrum, Celo, Binance Smart Chain (BNB), Harmony, Polygon, and Avalanche networks. Uniswap initially emerged … Read more
XRP SEC Case: In response to the SEC’s brief on remedies, Ripple has submitted an opposition. They argue that the court should reject the SEC’s demands for a permanent injunction, requiring the return of ill-gotten gains, and pre-judgment interest. Instead, they suggest that if the court finds in their favor, a civil penalty of up … Read more
Charles Hoskinson, the creator of Cardano, is thrilled about the emergence of PRAGMA, an independent open source organization he helped establish. This significant step forward signifies a crucial milestone in Cardano’s mission to attain global reach and scalability as it strives to function as the worldwide financial infrastructure. Cardano Makes Crucial Step Forward In a … Read more
Charles Hoskinson, the creator of Cardano, made a noteworthy comment identifying USD Coin (USDC) as an early form of Central Bank Digital Currencies (CBDCs). This classification highlights the increasing importance and influence of stablecoins like USDC within the broader world of cryptocurrencies. USDC functions as a stablecoin, keeping its value constant at par with one … Read more