XRP tokens worth $1.5 million were recently acquired, sparking discussions within the crypto community and hinting at the possibility of an impending price surge. This strategic move has been seen before in the cryptocurrency market, leading to substantial price fluctuations. The identity of the purchaser and the motive behind this investment remain undisclosed.This occurrence recalls […]
USD Coin, the world’s second-largest stablecoin by market capitalization, is set to launch on six new blockchains, including NEAR, Polkadot, and Base. This would make the stablecoin available on a total of 15 blockchains. The decision comes a day after Coinbase acquired a stake in USD Coin issuer Circle Internet Financial.The extension to the new […]
Tornado Cash, a crypto tumbler, is facing charges of money laundering and sanctions violations by its founders Roman Storm and Roman Semenov. The U.S. Attorney Damien Williams stated that the developers were aware of the illicit profits of at least $1 billion that were laundered through their technology. The Treasury Department’s Office of Foreign Asset […]
Investors of the popular meme token PEPE were spooked earlier today after a major modification to the project’s multi-signature wallet was highlighted. The threshold of keys was reduced from 5/8 signatures to just 2/8 signatures, meaning two out of eight signatories could approve transactions for the project.Digital asset research firm ASXN reported that PEPE tokens […]
PayPal has recently made a groundbreaking move into the cryptocurrency market with the introduction of its stablecoin, PayPal USD (PYUSD). This digital asset is designed to facilitate secure and effortless virtual transactions, particularly within the realm of blockchain technology. PYUSD is backed by tangible assets such as USD deposits and short-term U.S. treasuries, ensuring its […]
Bitcoin’s recent price drop from $29,400 to $25,000 has not shaken the confidence of long-term holders. This is evident in the on-chain metric of Bitcoin’s reserve risk. This metric is important as it reveals insights about Bitcoin’s long-term potential. Analyzing this metric can help investors make informed decisions about their investment strategies. Information Details Geography […]
Yesterday, JPMorgan analysts shared a positive outlook for the near-term trajectory of the crypto markets. According to their analysis, Bitcoin futures data suggests there is “limited downside” for crypto markets in the near future.Last week, the market took a hit when news broke that Elon Musk’s SpaceX sold some of its bitcoin holdings and China’s […]
The Optimism Foundation and Base, a Coinbase-backed Layer 2 platform, have announced a proposal to share governance of OP Chains. Base will receive a grant of 118 million OP tokens spread over six years, in order to reward their contributions to scaling Ethereum and the OP Stack. The grant also ensures Base’s long-term commitment to […]
XRP20, a decentralized exchange (DEX) token, has been trading on Uniswap since August 22. Despite the general crypto market weakness, its price has been resilient. Today, the XRP20 team announced that 5% of the total token supply will be burned, reducing the total supply and creating greater scarcity. This burn event is in addition to […]
Sonik Coin is the latest meme coin sensation that is backed by a strong following in the crypto community. Its goal is to move early investors to profit at the speed of light, with a total supply of approximately 299.79 billion tokens. 50% of the tokens are dedicated to the presale, 40% for staking rewards, […]
