For retail investors, unbacked cryptocurrencies like Bitcoin (BTC) should be considered as gambling, according to a new recommendation by a UK regulatory group. The Treasury Select Committee, a cross-party committee made up of members of Parliament, “strongly recommended” this approach for the trading of digital assets in a report released
May 17, 2023 2 mins read
On August 2, 2023, at block 2,520,000, Litecoin will undergo its third halving. However, changes in the network’s hash rate may need a new target date. The goal of this halving is to slow the rate of inflation and promote a more steady development of the cryptocurrency by lowering the
May 16, 2023 3 mins read
Messari, a market intelligence organization, has released research indicating that the use of the Tron blockchain increased in Q1 of 2023. The total value of its native cryptocurrency, TRX, increased by over 20% quarter over quarter. In spite of the SEC’s announcement of many lawsuits targeting Tron ecosystem coins, the
May 15, 2023 1 min read
Over one million unique Bitcoin wallet addresses now contain one Bitcoin or more. According to information gathered by Glassnode, the millionth was attained on May 13. 1 Million Wholecoiner Addresses#Bitcoin pic.twitter.com/4ywupjEfOu — Rafael Schultze-Kraft (@n3ocortex) May 12, 2023 There was a significant increase in the number of wallet addresses holding
May 15, 2023 1 min read
Ethereum is the second biggest blockchain in terms of total cryptocurrency market capitalization, but it had a technical snag on Friday that prevented its network from finalizing blocks for almost an hour. According to the Ethereum Foundation, a block cannot be changed or deleted from the blockchain without burning at
May 13, 2023 2 mins read
Paradigm, an existing investor in Coinbase, has invested another $50 million in the exchange by purchasing more shares. Paradigm co-founder Fred Ehrsam disclosed the acquisition of shares to the U.S. Securities and Exchange Commission (SEC) on Thursday. In addition to his role as a board member at Coinbase, Ehrsam was
May 13, 2023 1 min read
MetaMask, a supplier of crypto wallets and DApps, has begun enabling Ether transactions using PayPal for customers in the United States, one of its largest markets. To facilitate Ether transactions, the business claims to be the first Web3 wallet to integrate with PayPal. #DYK MetaMask🦊 is the first web3 wallet
May 12, 2023 2 mins read
In order to recover a place among the top 10 market capitalization, Solana has flipped one of its key competitors, Polygon. When the Terra collapse broke in May, SOL was valued at $5 billion, but MATIC was only worth around $16.8 million. However, the FTX catastrophe destroyed Solana. In the
May 12, 2023 1 min read
To facilitate connections between institutional investors and crypto investment fund managers, Binance is launching a new platform. Capital Connect is a new platform that will initially be accessible only to Binance’s most privileged customers, such as asset and fund managers, brokers, hedge funds, family offices and high net worth individuals,
May 11, 2023 2 mins read
On Wednesday, Elon Musk tweeted a meme featuring the instantly familiar figure from the NFT collection with the words “There is no meme, I love you.” Many Milady NFT holders found this to be amusing. As a result, the base price of the digital collectable on the OpenSea marketplace reached
May 11, 2023 2 mins read