Dogecoin (DOGE) has experienced an exceptional and unexpected surge in its daily transaction activity this month. The cryptocurrency, which gained popularity due to its meme-inspired origins and dedicated community, observed an astounding 8,220% rise in daily transactions. The number of transactions skyrocketed from around 25,000 to a peak of 2.08
June 1, 2023 1 min read
According to multiple sources, prominent Chinese crypto journalist and blogger Colin Wu has reported on his Twitter account that Binance, the leading cryptocurrency trading platform, has commenced the process of downsizing its workforce. The size of employee cut by Binance remains uncertain According to Wu, the exact number of employees
May 31, 2023 1 min read
Meme coins, which frequently feature popular creatures such as cats and dogs, have been a common presence in the cryptocurrency sector. Pepe Coin, a new player in this arena, has recently debuted, grabbing engagement with its outstanding price performance. Early Pepe Coin investors saw substantial gains ranging from hundreds to millions
May 31, 2023 1 min read
Japanese crypto exchange BitFlyer has recently issued an announcement regarding Shiba Inu (SHIB), which may be of significance to SHIB holders and users. The exchange has decided to address travel rules, with Shiba Inu being one of the crypto assets affected by this decision. Shiba Inu to face restrictions on
May 30, 2023 1 min read
Cardano strives to offer a secure and scalable blockchain platform designed to facilitate the execution of smart contracts and the development of decentralized applications. Launched in 2017 by a team of engineers, mathematicians, and blockchain experts, Cardano combines rigorous academic research with advanced technology to offer a more sustainable and
May 30, 2023 2 mins read
The Bank of Japan (BOJ) has unveiled the outcomes of the second phase of its proof-of-concept (PoC) experiment for a central bank digital currency (CBDC), affirming that the CBDC pilot project was successfully launched in April as planned. The second phase, spanning from April 2022 to March 2023, focused on
May 29, 2023 2 mins read
Shiba Inu has garnered significant attention and gained a strong following, resulting in the emergence of the SHIB army community. This surge in popularity can be attributed to various factors that have contributed to its position as the second-largest meme coin. As time has passed, Shiba Inu has established numerous
May 29, 2023 1 min read
Thomas Silkjaer, the head of analytics and compliance at the XRP Ledger Foundation (XRPLF), recently shared on Twitter that XRPL has achieved a noteworthy milestone. The number of activated accounts on the XRP Ledger has reached five million. Silkjaer conducted an analysis of the XRPL statistics and confirmed the attainment
May 26, 2023 1 min read
The Shiba Inu burn initiative is one of the prominent developments by the meme coin team. The burn initiative was put in place to reduce the circulating supply and induce a price hike in the long term. The Shibburn tracker, a tool that monitors SHIB transfers to inactive wallets, recently shared a
May 26, 2023 1 min read
Cardano (ADA), a prominent L1 blockchain and the seventh-largest coin by market capitalization, has garnered attention for its eco-friendly attributes. In response to various blogs discussing the “green” aspects of Cardano’s (ADA) design, developers from Input Output Global (IOG) have chosen to address these topics. Input Output address Cardano’s green
May 25, 2023 1 min read