Fenix International Limited, the parent company of the adult content subscription platform OnlyFans, has made a significant investment in Ethereum (ETH). The company’s financial statement for 2022 reveals a purchase of Ether worth $19.889 million. Despite the volatile nature of the crypto market, the purchased ETH had an impairment loss of $8.455 million, bringing the […]
An early investor of the meme-inspired crypto PEPE has sent shockwaves across the market with a stunning demonstration of crypto trading skills. When the market was at its highest, the investor sold the last one trillion tokens for a staggering 537 ETH, realizing a gain of 54,725x.The price of PEPE plunged by about 20% after […]
The Bone ShibaSwap (BONE) token has seen an impressive 11% surge over the last 24 hours, bucking the trend of the broader cryptocurrency market. This surge can be attributed to favorable developments within the Shiba Inu ecosystem, such as the revamp of the Shibarium testnet explorer, known as Puppyscan, and the gradual release of previously […]
Bitcoin network hash rate has recently reached a new peak of 414 exahashes per second (EH/s) on Aug. 18, according to Blockchain.com. This is a 54% increase from the beginning of 2023 and 80% over the past 12 months. However, Bitcoin mining revenue or “hash price” — a measure of dollars earned per TH/s per […]
A hacker successfully exploited a vulnerability in the code of various liquidity pools of Curve Finance, a prominent decentralized finance (DeFi) platform, resulting in the theft of $24 million worth of tokens. The breach originated from a bug in Vyper, a programming language for smart contracts written in Python, which had not been previously identified […]
Austrian Chancellor Karl Nehammer has recently proposed enshrining the right to use cash in the country’s constitution, a move that has sparked a heated debate. Nehammer believes that cash holds a deep-rooted significance for the citizens of Austria, representing tangible value, privacy, and sovereignty. This proposal has been met with both support and criticism, with […]
PayPal, a payment giant based in San Jose, California, has announced the launch of its own stablecoin, PYUSD, in partnership with Paxos Trust Co. This digital currency is backed by deposits denominated in US dollars, along with short-term Treasuries and comparable cash equivalents, to ensure a secure and reliable peg to the US dollar. The […]
Avalanche, a blockchain platform, recently announced a $50 million initiative to buy tokenized assets on its blockchain. The program, called Avalanche Vista, is intended to demonstrate the merits of applying blockchain rails to traditionally manual use cases. Despite the bullish cues, the native token AVAX has erased its 2023 gains and is currently trading at […]
Solana Labs has announced the integration of its decentralized payment protocol, Solana Pay, with e-commerce giant Shopify. This integration will enable millions of businesses operating on the Shopify platform to leverage Solana Pay for their payment needs. Initially, USDC payments will be accepted, but more crypto-assets will be added in the future.The integration of Solana […]
Stablecoins have made a huge impact in the payments industry, settling more than $11 trillion in value in 2022, rivaling Visa’s $11.6 trillion. This is according to a report by European hedge fund Brevan Howard.The report found that over 25 million blockchain addresses held more than $1 in stablecoins, with the majority of these being […]
