Shiba Inu is showing a unique on-chain metric in terms of holdings of its tokens between retail and whale investors. According to statistics compiled by IntoTheBlock (ITB), a cryptocurrency analytics website, 63.48 percent of all SHIB in circulation is held by the largest investors in the market. One address in
October 22, 2023 1 min read
John Deaton, an attorney and cryptocurrency advocate, has said that the ‘Spend The Bits’ protocol on the XRP Ledger (XRPL) is superior to the Lightning Network. Lightning is Bitcoin’s layer-2 scalability solution. Off-chain, peer-to-peer transactions are enabled, which increases Bitcoin’s scalability and efficiency. Deaton announced his status as an angel
October 22, 2023 2 mins read
On October 20th, Uniswap creator Hayden Adams reportedly announced on Twitter that he has burnt 99 percent of the HayCoin (HAY) supply. Adams’s recent worries about price speculation led to the removal of the vast bulk of the tokens from circulation. For testing purposes, Adams released the HAY token five
October 21, 2023 2 mins read
Users of the renowned non-custodial crypto wallet Jade, developed by the leading Bitcoin development firm Blockstream, have fallen victim to an assault in which they have been sent phishing emails. The Jade hardware wallet has been exploited, according to fraud warning letters that have been sent out to customers today,
October 21, 2023 1 min read
LBRY, the company behind the LBRY blockchain, has announced its closure to the cryptocurrency world, claiming “several million dollars” in obligations as the reason. A message from the LBRY team, titled “This will be our last post,” was published on the video-sharing platform Odysee (which is powered by LBRY) on
October 20, 2023 1 min read
USDT stablecoin Issuer Tether’s CTO, Paolo Ardoino, will soon assume the role of Chief Executive Officer in December and lead the firm. The stablecoin issuer’s leadership change comes at a critical moment. Under Ardoino’s leadership, the stablecoin industry leader is making strides towards real-time reserve transparency. Italian software developer Paolo
October 20, 2023 1 min read
Crypto exchange Bitpanda, recently received its virtual asset service provider (VASP) license from the Norwegian authorities. Bitpanda joins an exclusive group of pioneering foreign firms in gaining this license. On October 19th, Bitpanda made public their successful application for a crypto license on Twitter. Bitpanda also has licenses in other
October 20, 2023 1 min read
One of the Emirates of UAE, Ras Al Khaimah, is taking deliberate effort to broaden its financial landscape. The RAK Digital Assets Oasis (RAK DAO) is a new free zone in the emirate that aims to support and promote the digital and virtual asset industry. The goal of this project
October 19, 2023 1 min read
The pursuit for a Spot Bitcoin ETF has been a focal point of the crypto sector for the better part of 2023. The market was taken aback when conventional financial giants revealed their intentions by applying with the U.S SEC. Mike Novogratz, CEO of Galaxy Digital Holdings, has predicted that
October 18, 2023 2 mins read
The crypto community witnessed the official adoption by European Union finance ministers of new guidelines allowing for the sharing of information between tax agencies about individuals’ crypto holdings. The paper will be published in the Official Journal of the European Union and will become effective 20 days later. EU member
October 18, 2023 2 mins read