The current situation of Ripple’s XRP holdings was detailed in the company’s recently published voluntary Q4 2023 report. A significant reduction in Ripple’s XRP holdings, as shown in the report, suggests a change in strategy. From the third quarter of 2023 to the fourth quarter of the same year, Ripple’s
February 14, 2024 2 mins read
Sushi, a decentralized finance (DeFi) firm, plans to introduce Susa, a decentralized derivatives platform on Layer N, an Ethereum Layer 2, in an effort to mimic certain features of centralization for decentralized platforms. According to Jared Grey, head chef at Sushi: “Sushi is excited to partner with Layer N, as
February 14, 2024 1 min read
Stocks in the cryptocurrency and mining sector were upbeat after Bitcoin’s two-year high of $50,363 on February 12th. Crypto-mining equities and MicroStrategy (MSTR) both had double-digit increases over the last week, which is similar to BTC’s 17.5% rise. In the last day, MSTR stock has climbed 11% to $719, and
February 13, 2024 1 min read
Launched in August via a cooperation with custodian company Paxos, PayPal’s stablecoin has seen significant growth in market value, presently surpassing $290 million. By the end of August, the total supply of PYUSD had increased to 43.3 million after its launch. During that period, a concentrated distribution was evident as
January 13, 2024 2 mins read
Bitcoin is still under severe selling pressure after the approval of the Bitcoin ETF. Over the last several hours, the price of Bitcoin has fallen by 8%. Since the U.S. SEC authorized eleven spot Bitcoin ETFs on January 10, the price of Bitcoin (BTC) has been falling, which has surprised
January 13, 2024 2 mins read
Vitalik Buterin, co-founder of Ethereum, has called for an increase to the gas limit in order to boost the network’s capacity. On January 10, during an ask-me-anything (AMA) hosted by the Ethereum Foundation’s research team on Reddit, Buterin brought attention to the fact that the gas limit has remained unchanged
January 11, 2024 2 mins read
Social media behemoth X (Twitter) has disabled support for NFTs on its premium membership section. Earlier, according to the support page, Premium subscribers have the option to create and personalize their profile pictures so that they may display the NFTs they possess in a hexadecimal profile photo. After the user
January 11, 2024 1 min read
The XRP ecosystem has not seen any significant fundamental developments that might propel the token beyond its present impasse. It is clear that XRP is in a far deeper downturn than its rivals since its price has fallen by 14.19% in the last month. On January 10, a whale transferred
January 10, 2024 2 mins read
The crypto community is eagerly waiting for the SEC to announce its verdict on the spot Bitcoin ETF. Today, January 10, is the last day for the SEC to decide whether to accept or reject the ARK 21Shares Bitcoin ETF (ARKB). According to industry experts, the 11 spot Bitcoin ETFs’
January 10, 2024 2 mins read
With the final applications for Bitcoin ETFs submitted to the United States SEC on Monday, January 8, the crypto market as a whole and Bitcoin in particular saw a significant rally. Moreover, altcoins like Solana (SOL) have seen a significant recovery. Strong selling pressure has been plaguing SOL since the
January 9, 2024 2 mins read
