Despite the recent surge in Ethereum (ETH) prices, network activity on the blockchain has not experienced a significant boost, according to a recent report by Glassnode. The report highlights that gas prices, which serve as a measure of blockspace demand, have remained relatively low despite the price rally. Ethereum Prices
July 5, 2023 2 mins read
Binance, a prominent cryptocurrency exchange, has announced the temporary suspension of support for eight Multichain-bridged (MULTI) tokens starting from July 7. The decision is a result of issues encountered with certain cross-chain routes within the protocol. According to an update shared on July 5, Binance users will be unable to
July 5, 2023 1 min read
Recent analysis of the Shiba Inu network has revealed a significant downturn in the rate of token burning, even during a relatively calm weekend trading period. The burn rate of SHIB has witnessed a considerable drop, dropping by over -79.%. Token burning involves deliberately removing tokens from circulation, thereby reducing
July 5, 2023 1 min read
IntoTheBlock, an on-chain data vendor, recently shared intriguing information about Litecoin (LTC), often referred to as “digital silver.” According to their findings, leading up to the upcoming halving event, a portion of Litecoin wallets has held approximately 13% of the circulating LTC supply without any movement for a span of
July 4, 2023 1 min read
ShibArmy Scam Alerts, a Twitter account dedicated to exposing scams and protecting Shiba Inu users, has informed the SHIB community about potential scams involving SHIB 2.0. In a recent tweet, @susbarium cautioned the SHIB community about tokens originating from addresses claiming to be associated with SHIB 2.0. The community was
July 4, 2023 1 min read
Floki Inu (FLOKI), a notable meme coin in terms of market capitalization, has recently formed a strategic partnership with Binance, which is recognized as the largest cryptocurrency exchange worldwide. The primary objective of this collaboration is to promote the adoption of Floki Inu through an organized marketing campaign utilizing Binance
July 3, 2023 1 min read
According to a recent report by on-chain data aggregator Glassnode, smaller Bitcoin wallets, often referred to as “shrimps,” have been actively accumulating Bitcoin in significant amounts. The report highlights that these shrimps, holding less than 1 BTC, have purchased over 33,400 Bitcoins on a monthly basis. The data further indicates
July 3, 2023 1 min read
Recently, Cardano founder Charles Hoskinson announced on Twitter that he will be taking a brief hiatus from the platform. This decision comes amidst an ongoing debate surrounding Twitter’s implementation of reading limits for users, commonly referred to as rate limits. Twitter, led by CEO Elon Musk, introduced these restrictions as
July 2, 2023 1 min read
Recent observations on the Shiba Inu network have revealed a noteworthy rise in the number of coins being burned, despite a relatively quiet weekend trading session. The burn rate of SHIB has experienced a remarkable increase, doubling to reach an impressive 150%. Token burning involves intentionally removing tokens from circulation,
July 2, 2023 2 mins read
The European Commission made an official announcement on June 28 regarding its proposal for a legislative plan for a digital euro. The aim of this proposal is to establish the digital euro as a widely accepted and easily accessible form of payment. The commission highlighted the importance of ensuring easy
June 28, 2023 2 mins read