[ad_1] Ethereum is currently the leader in decentralized finance, non-fungible tokens, and smart contracts, and it continues to maintain its position as the dominant cryptocurrency in the altcoin market. This has led to Ethereum having the highest rate of creation of new addresses when compared to the other blockchains. However, data suggests most of these new addresses are dumped just after a few days. New Ethereum Wallets Are Used for Only a Short Time Ethereum is second to Bitcoin in terms of unique addresses. Ycharts estimates put the number of unique addresses on the Ethereum network to around 239.62 million.…
Author: Scott Matherson
[ad_1] The legal tussle between bankrupt crypto exchange FTX and crypto lender Genesis seems to be coming to a resolution, a recent court filing reveals. According to the letter filed yesterday at the US bankruptcy court for the Southern District of New York, both firms – who happened to have filed for bankruptcy – have agreed to settle their ongoing billion-dollar dispute. How The Feud Began FTX filed a motion in May this year to recover its funds from Genesis and “non-debtor affiliates” so the company could pay back its creditors. The motion went as far as describing Genesis (who…
[ad_1] After a rough few months of slipping down the ranks, Shiba Inu is back in the top 15 cryptocurrencies by market cap. In the last 24 hours, the price of Shiba Inu has spiked in excess of 5%, allowing it to overtake cryptocurrencies like Wrapped Bitcoin and Bitcoin Cash to reach the 14th spot with a market cap of $4.8 billion. Shiba Inu Jumps 5% In 24 Hours, Reclaiming 14th Spot The price of the majority of cryptocurrencies seems to be plateauing in the past week, with some even losing some of their market cap. However, meme coins like…
[ad_1] Fashion brand Lacoste has unveiled an exclusive Ethereum-based virtual store for NFT holders as the brand aims to give its NFT holders an immersive experience for the summer. The virtual store, created by retail technology developer Emperia, will integrate the traditional retail experience with digital innovations exclusive to users holding Lacoste’s UNDW3 NFT passes. An Insight Into UNDW3 & Lacoste’s Virtual Store Lacoste’s UNDW3 NFT holders will have exclusive access to the virtual store. UNDW3 is an NFT-based loyalty program the French brand released in June (similar to that of Starbucks). Holders will access the virtual store through Lacoste’s…
[ad_1] Cross-Chain communication protocol platform LayerZero has crossed 50 million cross-chain messages, as revealed by the platform on Tuesday, July 25. This significant milestone proves the massive trading activity and cross-chain token swaps that happen across several chains daily. LayerZero’s Impressive Growth The ‘50-million cross-chain messages’ is undoubtedly a testament to how much LayerZero has achieved in the space. Due to the project’s disruptive vision, it has received enormous backing from some of the ecosystem’s biggest Venture Capitalists (VC). Three months ago, LayerZero raised $120 million from prominent backers like auction company Christie’s, renowned VC firms Sequoia Capital and Andreessen…
[ad_1] After over 11 years of inactivity, a dormant Bitcoin address containing $31 million in BTC suddenly came to life recently. On July 22, 2023, the address transferred its entire balance to a new address. Early BTC Address Comes Back To Life Bitcoin has been around since 2009, so there are dormant addresses that have been inactive for years that contain large amounts of BTC. Some of the early adopters of this cryptocurrency were able to buy in very cheap but the private keys to many of these addresses have been lost, locking them forever. Every now and then, however,…
[ad_1] Dogecoin continues to cement itself as the largest meme coin by market cap, displaying signs of renewed enthusiasm every so often. This week, the meme-inspired cryptocurrency added over $1 billion to its market cap, making it the 8th-largest crypto. This was a result of Dogecoin’s surge of over 10%, boosting its market cap to more than $10 billion in a matter of hours. Dogecoin Pushes Solana To Number 9 Dogecoin has come a long way since its creation as a joke. Fueled by the hype on social media, the meme cryptocurrency has skyrocketed up the rankings to become the…
[ad_1] The news of Ripple’s recent partial victory against the SEC after a legal battle spanning almost three years sent a ripple of joy around the entire crypto industry. However, according to a legal expert on Twitter, Lawyer Bryan Jacoutot, the victory might be short-lived as SEC has enough grounds to appeal the decision and drag this thing out for a lot longer. The SEC’s Lawsuit Against Ripple Labs The SEC filed a lawsuit against Ripple Labs in December 2020, alleging that Ripple had conducted an unregistered securities offering worth over $1.3 billion through the sale of XRP. According to…
[ad_1] In a significant turn of events, large cryptocurrency exchanges Coinbase, Kraken, Bitstamp, and Gemini announced their decision to relist XRP after a significant legal victory for Ripple against the Securities and Exchange Commission (SEC). This momentous decision comes as a result of the exchanges reevaluating their previous delisting of XRP, showcasing a renewed confidence in the token’s regulatory standing. This was brought about by the recent landmark court ruling by Judge Analisa Torres. Coinbase, Kraken, And Bitstamp Reinstate XRP Trading Coinbase, a leading cryptocurrency exchange, wasted no time in announcing the resumption of XRP trading following the court ruling. Brian…
[ad_1] In a stunning development that has reverberated throughout the cryptocurrency community, a massive whale transaction involving $35 million worth of BNB deposits has sent shockwaves through the upcoming ARKM token sale on Binance. Unveiling the Whale’s Enormous BNB Deposit for ARKM Token Sale Lookonchain, an on-chain smart money analytical platform, has shed light on this extraordinary event, revealing that the whale strategically divided the deposits into four batches across different Binance deposit addresses. A giant whale deposited 141,835 $BNB ($35M) to #Binance 3 hrs ago through 4 Binance deposit addresses. The whale may participate in the Arkham (ARKM) token…