An important update on the status of customer withdrawals has been released by WazirX, one of the biggest cryptocurrency exchanges in India. It also detailed what would happen next after the hack disaster was addressed. After hackers stole $230 million worth of ERC-20 tokens in an incident on July 18,
August 23, 2024 2 mins read
Magic Eden is planning to introduce and use a utility token called “ME” on its Non-Fungible Token (NFT) marketplace. Importantly, the firm said that the ME Foundation is working on the token’s development. The new token is designed to make cross-chain trade easier on the platform that is built on
August 23, 2024 2 mins read
An investment trust for Avalanche has been launched by Grayscale Investment, a top crypto asset manager. The AVAX price increased by about 10% after the development, showing that investors were positively affected by the news. Conversely, it shows that the asset manager is serious about growing its digital asset investing
August 22, 2024 2 mins read
The premier source of real-time financial data, Truflation, has announced that The Big Mac Index has expanded to include 15 more nations, with its total now standing at 17. Since its launch, this internationally renowned economic indicator has been a crucial resource for comprehending currency value and Purchasing Power Parity (PPP).
August 22, 2024 2 mins read
This week, the 7-day moving average (MA) of the percentage of supply in profit hit 85.66%. This metric gauges the extent to which the circulating supply of Ethereum (ETH) is now valued more than its previous acquired or transferred price. Since November 2023, it has not been this low. This
August 20, 2024 2 mins read
The total amount of USDT tokens minted in the last year by stablecoin issuer Tether has reached $33 billion. Thanks to the addition of 1 billion USDT tokens on the Tron network. According to blockchain data, Tether minted $1 billion worth of USDT to its treasury wallet on August 20th
August 20, 2024 2 mins read
While ETH prices are struggling, the gas fee for Ethereum has lately dropped to its lowest point in five years. Kaiko recently highlighted the decline and what it may mean for the price of the cryptocurrency. Despite the launch of Spot Ether ETF trading in the US, the second biggest
August 19, 2024 2 mins read
Italian bank, Banca Sella, is gearing ready to provide Bitcoin trading services to its clientele, according to a recent update. Especially in light of the increasing institutional adoption of cryptocurrency, this action has sparked market debates. A number of prominent US banks and state pension funds have recently come clean
August 19, 2024 2 mins read
Peter Mintzberg has been named CEO of Grayscale Investments, an American asset management giant. Following Michael Sonnenshein’s departure as CEO, this hiring is seen as a watershed moment for the company. Sonnenshein oversaw the firm’s procurement of the spot Bitcoin ETF approval, and now Mintzberg is responsible for expanding the
August 16, 2024 2 mins read
Lumia is excited to share the details of their strategic funding round, which they have successfully completed coinciding with the sale of more than 25,000 nodes. Lumia is making great strides towards its goal of disrupting the blockchain industry for RWAs and DeFi with this development. Laser Digital, Nomura’s digital asset arm,
August 15, 2024 2 mins read
