The past 24 hours saw exponential growth in burning activity for popular meme coin Shiba Inu (SHIB), alongside several mammoth token transfers from mysterious crypto whales. According to data analytics platform Shibburn, over 10.3 million SHIB tokens were destroyed in the last day, catapulting the current burn rate up a
December 7, 2023 2 mins read
Cardano’s ADA saw its market cap surge by over $1 billion in just 24 hours, amidst a new wave of intense buying pressure. At press time, ADA’s overall market cap stands at $15.5 billion, cementing it as the 8th-largest cryptocurrency by valuation, according to CoinMarketCap. The latest push saw the
December 7, 2023 1 min read
Worldcoin Foundation, a non-profit organization, has unveiled a $5 million community grant program named “Wave0.” This initiative aims to empower developers with the resources to focus on building robust technology and fostering more equitable systems within the Worldcoin ecosystem. The foundation plans to allocate the $5 million funding across three
December 6, 2023 2 mins read
Billy Markus, co-founder of the widely popular Dogecoin, has taken to Twitter to reveal details about his Bitcoin holdings and the amusing scenario that would transform him into a cryptocurrency millionaire. Markus disclosed that he currently holds 0.0006 BTC in his crypto portfolio. However, in his trademark ironic style, he
December 6, 2023 2 mins read
Ripple, the renowned blockchain-based payment protocol, has forged a strategic alliance with Onafriq. This collaboration aims to revolutionize cross-border transactions and address the challenges associated with outdated payment systems prevalent across the continent. Ripple’s ambitious venture aligns with Africa’s surging fintech sector, anticipated to offer a substantial $2.7 trillion opportunity.
December 5, 2023 2 mins read
In a surprising revelation on X, Billy Markus, co-founder of Dogecoin, sheds light on the ambitious island acquisition plan of Sam Bankman-Fried, the now-bankrupt creator of the FTX cryptocurrency exchange. The plan, aimed at securing a future amidst apocalyptic scenarios, has sparked both curiosity and ethical concerns within the crypto
December 5, 2023 2 mins read
On-chain data analyzed by leading crypto analyst Ali shows a significant rise in large transactions on the Cardano blockchain over the past three months. This indicates growing institutional interest that could propel the eighth-largest cryptocurrency to new price heights. Citing transaction data, Ali noted ADA transfers over $100,000 have regularly
December 4, 2023 2 mins read
28 Virtual Digital Assets (VDA) or crypto service providers have registered themselves with India’s Financial Intelligence Unit (FIU). The move was disclosed by the Minister of State for Finance, Pankaj Chaudhary, in a written reply to the Parliament’s lower House on Monday. This move comes in the wake of a
December 4, 2023 2 mins read
The recent double-digit Bitcoin price spike has lifted sentiment across cryptocurrencies, with altcoin transactions and values rising in tandem. Shibarium, the layer-2 scaling solution of meme token Shiba Inu, has tracked closely with the broader resurgence. Data from monitoring resource Shibarium Scan reveals the protocol handled a staggering 7.84 million
December 4, 2023 2 mins read
The sale of 3,150 Ethereum worth over $6.37 million by a crypto whale is sparking debate on whether investors should take profits after the token’s recent rally. The heavy transaction comes as Ethereum hovers below a technical resistance level that has repeatedly triggered sell-offs historically. According to on-chain data, the
November 30, 2023 2 mins read