Following the Securities and Exchange Commission’s lawsuits against Coinbase and Binance, two prominent cryptocurrency exchanges, there was a slight marginal decrease in the prices of Bitcoin, Ether, and other major cryptocurrencies. Bitcoin experienced an immediate decline of approximately 2.87%, Ether dipped by 1.72%, and BNB, Binance’s digital currency, reached a
June 6, 2023 1 min read
Recent reports from Bloomberg have generated speculation regarding the potential appointment of Richard Teng as the CEO of the global crypto exchange Binance. Richard Teng, who has recently been appointed as the regional head for all Binance markets outside the United States, has seen his name linked to the CEO
June 5, 2023 1 min read
An Ethereum address, believed to be controlled by Ethereum co-founder Jeffrey Wilcke, has reportedly sent 22,000 ether, equivalent to $41.1 million, to an address on the Kraken exchange. The transfer took place approximately two hours ago and has been verified by multiple sources. Despite this transfer, Wilcke’s address still retains
June 5, 2023 1 min read
In May, Bitcoin mining revenue achieved a significant milestone, reaching $916.6 million, representing a notable month-over-month increase of 13.7%. The Block’s Data Dashboard reveals that this figure includes transaction fees totaling over $120 million. The surge in transaction fee revenue can be attributed to increased on-chain activity, primarily driven by
June 1, 2023 1 min read
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