In reaction to the surge in trading activity, Bancor’s native token BNT has begun a compelling rally inside a parabolic trend. The price of BNT rose by more than 50% during this trend, from its 24-hour low of $0.4603 to a high of $0.6906. CMC data shows that Bancor’s trading
October 9, 2023 2 mins read
The decentralized finance (DeFi) market has been very active over the last week. And much of the momentum can be attributed to Coinbase’s Layer-2 network Base. L2Beat reports that the Base network’s Total Value Locked (TVL) increased by 25.15 percent, in the previous week, to a total of $556 million.
October 9, 2023 1 min read
Lately, there has been a massive increase in the trade volume of the Pudgy Penguins NFT collection. The 8,888 NFTs included in the Pudgy Penguins NFT collection on Ethereum are all unique in some way. Yesterday, the trading volume of Pudgy Penguins NFT rose by a whopping 530%. The value
October 8, 2023 1 min read
In light of the United States government’s unfavorable position against Bitcoin and cryptocurrencies, OpenAI CEO and creator of the famous ChatGPT app Sam Altman has voiced his dismay and profound concern publicly. According to Altman, this persistent stance reflects a government’s desire to assert control over a global currency that
October 8, 2023 1 min read
Investors have taken notice of a significant achievement by the Shibarium Network, a Layer-2 blockchain. ShibariumScan reports that the SHIB network has achieved 1 million blocks, marking a major milestone for the SHIB ecosystem as a whole. The need for effective and scalable solutions is also brought to light. The
October 7, 2023 1 min read
Crypto exchange Binance has introduced a new UK-specific domain. This action is a major step toward meeting the requirements of the revised Financial Promotions Regime in the United Kingdom. The FCA-authorized Rebuildingsociety.com Limited is now also a partner of the exchange. The two parties are working together to ensure that
October 7, 2023 1 min read
With an emphasis on stablecoins, the Canadian Securities Administrators (CSA) has offered guidelines to exchanges and cryptocurrency issuers on its preliminary approach to what it refers to as value-referenced crypto assets. Canadian provincial and territorial securities authorities issued a clarification on the possible trading of cryptocurrencies that peg their value
October 6, 2023 1 min read
Cardano co-founder Charles Hoskinson has dispelled certain myths and clarified some worries about the Hydra project. Hoskinson made a concerted attempt to clarify and transparently dispel claims of dishonesty over the throughput capacity of Hydra in a recording released on Wednesday. In order to improve Cardano’s scalability, the protocol, which
October 6, 2023 2 mins read
CertiK has recently identified new behavior associated with the infamous FTX hacker. In this case, CertiK Alert detected a large bridge transaction involving 5,624 ether and Bitcoin. Moreover, the hacker transferred 7,500 Ether and 9,375 Ether to EOA. Around 15,000 ETH were discovered to have been converted to BTC by
October 5, 2023 1 min read
NFT marketplace OpenSea, has now released a new platform called OpenSea Studio, which is designed to be a one-stop-shop for artists to bring their ideas to life and maintain their operations. OpenSea’s new platform is designed to free up creatives from the administrative tedium that has traditionally hampered their progress.
October 4, 2023 1 min read
