Cardano (ADA), one of the leading blockchain in the cryptocurrency market, is defying broader market trends as it experiences a remarkable surge in its on-chain transaction volume, with an increase of over 1700% since late January. Despite a comparatively gloomy market value when compared to its April highs, Cardano’s performance
The Litecoin halving event in August was perhaps the most anticipated event of the year. Halving of Litecoin occurred on August 2, 2023, as planned after the last halving event on August 5, 2019. However, the price of LTC did not surge after the halving. Contrarily, the token’s value dropped
Rune Christensen, MakerDAO founder, wrote a blog for the MakerDAO community, in which he outlined the fifth and final step of the Endgame as recreating the MakerDAO protocol on a fresh independent blockchain. Even though MakerDAO has been running on Ethereum since its inception. The next new native chain will
In a strategic move aimed at maintaining the liquidity of the XRP cryptocurrency, Ripple Labs has released a total of one billion XRP coins from its escrow accounts. The release was executed in four transactions, with the overall transferred XRP valued at $510 million. According to popular blockchain tracker Whale
In dismissing a class action lawsuit against the DEX, Uniswap, a judge in the United States District Court described Ether as a commodity. On August 30, Judge Katherine Polk Failla dismissed a lawsuit filed by Uniswap users who claimed they lost funds on the platform owing to scam tokens by
The Bitcoin Cash (BCH) price has experienced ups and downs over the past few weeks. After staying below the $180 mark for two weeks, BCH has surpassed the $200 range. According to the Santiment report, short- and long-term investors gained a notable profit with this sudden surge for the first
Tether (USDT) , the widely-used stablecoin, has recently taken strategic steps to enhance its operational landscape. Reports indicate that Tether has entered into a collaboration with Britannia Bank & Trust, a private bank situated in the Bahamas. This venture aims to streamline dollar transfers within Tether. Moreover, sources familiar with
As another victim of the bearish crypto market, the smart contract blockchain, Avalanche (AVAX) has been grappling with bearish pressure for over a month. Over the past 30 days, AVAX’s price has plummeted by 21.52%. It hit an all-time low of over two years at $9.997 on August 28. However,
Shibarium, the layer-2 blockchain for Shiba Inu (SHIB), has reached a significant milestone after its relaunch. Recently, Shibarium has surpassed 100,000 wallets on the platform, with more than 35,000 coming within 24 hours of its relaunch. Moreover, the memecoin Shiba Inu has shown a notable surge. According to Shibariumscan, the
XRP rallied strongly in July, surging 47.6% on the heels of a favorable court ruling in Ripple’s ongoing legal battle with the SEC. But the winds have now shifted for the fourth-largest cryptocurrency by market capitalization. Despite logging its second-best July price performance on record, Ripple appears on track for
