The three-month decline in network difficulty ended in August. Bitcoin’s average transaction costs dropped to $0.825 on Monday. For the first time in more than two years, Bitcoin (BTC) blockchain transaction fees have dropped below $1.00, further bolstering its use case as a viable mainstream financial system. Having to pay
August 22, 2022 1 min read
The top 1% of addresses recently controlled 87.667% of all USDC. On-chain statistics show a sell-off of USDC over the previous two weeks. As the bear market in cryptocurrencies continues, the share of USDC stablecoins owned by significant wallet addresses has fallen to its lowest level in over two years.
August 22, 2022 2 mins read
Fei Protocol offered the hacker $10 million in exchange for the restoration. The agreement strives to protect the FEI peg without the requirement for governance. To mitigate the effects of an assault in April 2022 that syphoned out approximately $80 million from several Rari Fuse pools, the DeFi platform Fei
August 21, 2022 1 min read
Due to Ethereum’s price volatility, the BAYC floor price is now at $107,000. Since it hit a record high of 153.7 ETH on May 1, the price has been steadily dropping. Due to the ongoing NFT market downturn and broader crypto market crisis, the Ethereum floor price of the Bored
August 20, 2022 1 min read
The crypto exchange announced in June that they will be combining with Superhero. Swyftx is the latest cryptocurrency company to experience growing pains. To combat the present bear market, Australian cryptocurrency exchange Swyftx has been compelled to lay off 21% of its workforce. Co-CEOs Alex Harper and Ryan Parsons sent
August 20, 2022 1 min read
BTC has been able to maintain a $24,000 support level over the previous weeks. Over the last day, the value of BTC has fallen by over 8%. Many investors lost money this year due to the bears’ unexpected appearance. After the price of the Bitcoin fell below $20,000, Bitcoin (BTC)
August 20, 2022 2 mins read
Plugin collaborates with HumCen, Sathyabama University, and NC Global Media to initiate a groundbreaking hackathon in India. A PAN India hackathon, PLI blockathon welcomes participants from all over the country. Suvik Group of Companies, with its headquarters in the United Arab Emirates, is organizing it. Plugin, a decentralized Oracle network
August 19, 2022 2 mins read
A total of $6.9 million was then spent on armored vests. It was reported by Elliptic that $5 million came from Polkadot co-founder Gavin Wood. Yesterday, Ukraine’s Vice Prime Minister Mykhailo Fedorov detailed the use of $54 million in cryptocurrency contributions. The most expensive item was unmanned aerial vehicles (or
August 18, 2022 1 min read
Innovation is the driving force of the cryptocurrency market. New projects are introduced into the market every day. The best way to find out what you stand to gain from a crypto token is by checking through its utilities. If it has a strong use case, then it has the
August 18, 2022 4 mins read
Users who invested a min of 7K $LONIA and 200 $ADA are eligible for the listing. Less than 30% of the presale allocation remains in the $LONIA token presale. A Cardano Metaverse Project called Cardalonia is comparable to Ethereum’s The Sandbox, but the Cardalonia runs on the Cardano blockchain. Following
August 17, 2022 2 mins read