The United Kingdom has become a major global crypto hub, ranking as the largest cryptocurrency economy in Central, Northern, and Western Europe (CNWE), according to new research from Chainalysis. Chainalysis’ 2023 Geography of Cryptocurrency report found that the U.K. was the third biggest crypto economy worldwide over the past year
October 18, 2023 1 min read
Scroll, a zero-knowledge rollup project aimed at boosting Ethereum’s throughput, has officially launched its mainnet, according to an announcement Tuesday. Chinese journalist Colin Wu reported that Scroll’s mainnet will initially focus on onboarding infrastructure providers to the network. The project utilizes zkEVM technology, which the team states provides an experience
October 17, 2023 1 min read
A whale-sized transfer of the popular meme cryptocurrency Dogecoin (DOGE) has caught the attention of the crypto community. According to blockchain tracker Whale Alert, an anonymous wallet moved 110 million DOGE, worth around $6.1 million, to leading U.S. exchange Coinbase on February 5th. The massive transaction comes as Dogecoin hovers
October 17, 2023 1 min read
According to analytics provider Santiment, large Chainlink (LINK) holders have been rapidly accumulating tokens over the past 5 weeks amidst a price recovery. Chainlink has gained 30% over the last 5 weeks, now trading at around $7.51. During this period, Santiment data shows wallets holding between 100,000 to 1 million
October 17, 2023 1 min read
The rate of burning Shiba Inu (SHIB) tokens has reached a new record high, data from Shibburn shows. Over 55 million SHIB were sent to dead wallet addresses overnight, representing a 283% increase in the burn rate. According to the analysis of Shibburn data, more individual wallets are now involved
October 16, 2023 2 mins read
A false tweet claiming the SEC approved a Spot Bitcoin ETF by BlackRock ignited a brief crypto rally and over $100 million in liquidations across exchanges on Monday. Bitcoin spiked from $27,900 to over $30,000 following the fake report, which was posted on a Twitter account impersonating Financial News London.
October 16, 2023 1 min read
Billy Markus, who co-created the Dogecoin cryptocurrency back in 2013, revealed via Twitter this week that he had $500 stolen from him during a visit to Japan. However, he expressed equal dismay over both the theft and the cultural shame it elicited as a Japanese-American. In a series of tweets,
October 12, 2023 1 min read
According to whale monitoring resource Whale Alert, an unknown wallet transferred 23.7 million Ripple (XRP) valued at $11.5 million to major Latin American exchange Bitso on Wednesday. The large transfer occurred around 7:56 PM UTC on October 11th. Notably, the whale only spent a tiny fraction of XRP, around 0.000015
October 12, 2023 1 min read
Cardano founder Charles Hoskinson recently confirmed plans to enable stake pools to validate transactions on the new Midnight blockchain. During an Oct. 10th livestream with Midnight CEO Eran Barak, Hoskinson provided an update on the data privacy-focused network first unveiled at IOG’s 2022 summit. Midnight leverages innovative cryptography to enable
October 11, 2023 1 min read
On-chain analyst Lookonchain recently tracked two wallets withdrawing a combined 33.9 million USDT stablecoins from Circle and depositing them to major U.S. exchange Kraken. While the entity behind the wallets is unknown, Lookonchain suspects the same institution controls both addresses based on the precise timing of the USDT transfers. The
October 11, 2023 1 min read