A creative writer with a flair for storytelling and a deep interest in cryptocurrencies and blockchain technology.
The crypto market continues to face multiple hacking incidents, with the latest targeting Shezmu, a leveraged yield protocol. On September 21, Chaofan Shou, co-founder of blockchain analytics firm Fuzzland, raised alarms regarding a compromised storage vault belonging to Shezmu, leading to the theft of approximately $4.9 million in cryptocurrencies. The
September 21, 2024 2 mins read
The cryptocurrency market has been highly volatile since the start of the month, with Bitcoin hitting a 25-day high yesterday, sparking a brief surge. However, today the overall market has dipped, with total market capitalisation down 0.39% and trading volume dropping by 28%. Despite the red across most altcoins, one
September 21, 2024 2 mins read
Shiba Inu [SHIB] faces a critical juncture as gas fees on its layer 2 network, Shibarium, skyrocket by 2,024%. This surge poses significant challenges for SHIB’s deflationary model and its long-term value. Despite the gas fee concerns, SHIB’s price has recorded consecutive gains, rising by over 5% in the past
September 21, 2024 2 mins read
The trading of telegram tap-to-earn game Catizen’s token has gone live on Friday, with 150 million tokens, representing 15% of the total 1 billion supply, airdropped to users as part of its Season 1 distribution. This launch followed a two-month delay from its initially scheduled date. The airdrop process began
September 20, 2024 1 min read
Jump Crypto’s much-anticipated validator client, “Frankendancer,” has been successfully launched on Solana’s mainnet, as announced by Chief Science Officer Kevin Bowers during the Solana Breakpoint event in Singapore. Frankendancer is a prototype of Firedancer, a second independent validator client being developed by Jump Crypto to enhance Solana’s network performance and
September 20, 2024 2 mins read
BitMEX co-founder Arthur Hayes made a significant move in the crypto market, depositing 350,010 tokens ($1.26 million) to Binance and Bybit within the past hour. Hayes still holds 1.66 million PENDLE ($5.93 million) in Pendle Finance, with these tokens now unlocked and available for sale. His estimated profit from it
September 20, 2024 2 mins read
Bitcoin, the world’s leading cryptocurrency, hit a 25-day high of $64,133, hours ago. It gained 10.3% over the past week as bulls made a comeback. Despite an early-month bearish trend, Bitcoin is now trading at $63,821.27, up 3% in the last 24 hours, though trading volume has decreased by 11%,
September 20, 2024 2 mins read
At Token2049 in Singapore, Ethereum co-founder Vitalik Buterin emphasized Ethereum’s progress, notably highlighting reduced transaction fees and enhanced scalability through layer-2 (L2) networks. He celebrated the significant decrease in fees on L2s like Optimism and Arbitrum, which now stand at “basically zero,” a vital development for mainstream adoption. “From being
September 18, 2024 2 mins read
The global cryptocurrency market cap increased by 1.48% over the past 24 hours, with trading volumes up 27% after several days of bearish sentiment. Bitcoin has risen 2%, hitting a 21-day high of $61,316. As is typically seen, altcoins followed suit, with notable gains across the board. Among the altcoins,
September 18, 2024 2 mins read
Coinbase CEO Brian Armstrong and Industry experts swiftly dismissed allegations that the company was issuing Bitcoin IOUs to BlackRock, the issuer behind the largest spot Bitcoin ETF. Over the weekend, crypto analyst Tyler Durden accused Coinbase of allowing BlackRock to borrow Bitcoin without collateral, raising concerns over potential market manipulation
September 18, 2024 2 mins read