Tue, September 29

Hong Kong Proposes Stringent Regulations on Stablecoins

As a move toward becoming a center for virtual assets, Hong Kong has suggested strict restrictions for stablecoins. But the new change might make things tough for widely used stablecoins. Tether (USDT) and USD Coin (USDC), according to experts, might be in jeopardy since the regulation is more stringent than

December 30, 2023 1 min read

Is Dogecoin (DOGE) Ready for a Price Breakout in 2024?

The meme-inspired cryptocurrency Dogecoin (DOGE) appears primed for a price breakout after multiple months of range-bound trading. DOGE has been constrained under a long-term descending resistance trendline since its meteoric rise to fame in early 2021. However, a high-volume breakout in November 2023 allowed DOGE to surge to a new

December 28, 2023 2 mins read

Vitalik Buterin Unveils Plan to Simplify Ethereum’s PoS Process

Vitalik Buterin, co-founder of Ethereum, has suggested a method to simplify the proof-of-stake (PoS) consensus process “considerably simpler and lighter,” thereby reducing the strain on the Ethereum blockchain. Vitalik Buterin put forth a plan to lessen the stress on validators by decreasing the amount of signatures they need to generate

December 28, 2023 2 mins read

PancakeSwap Proposes Token Supply Reduction of CAKE to 450M

Declining the maximum quantity of its ecosystem token, CAKE, from 750 million to 450 million is the goal of developers of decentralized exchange (DEX) PancakeSwap. The suggestion to reduce token supply by 300 million will be up for vote for one day, as stated in a release made on December

December 28, 2023 1 min read

Donald Trump Moves $2.4 Million in Ethereum to Coinbase

Arkham Intelligence, an on-chain service, said in a Thursday report that a wallet associated with former United States President Donald Trump transferred more than $2.4 million in ethereum (ETH) to cryptocurrency exchange Coinbase in the previous few weeks, likely to sell those holdings. After months of collecting Trump NFT royalties,

December 28, 2023 1 min read

Worldcoin Project Launches Orb Verification in Singapore

The Orb, a hardware device made possible by the Worldcoin project, is now available to Singaporeans for verification purposes, marking a significant step forward in the global movement for proof of personhood. The Orb is a piece of specialized hardware that the project team uses to improve identification verification. The

December 27, 2023 1 min read

Polygon Soars 15% As MATIC Eyes $1.73 Amid Major Ecosystem Shift

Polygon’s native MATIC token has jumped over 15% in early trading Wednesday, nearing $1.10 as bullish momentum propels a bid to clear 2022 highs. The surge comes as Polygon transitions from a scaling solution into a more generalizable blockchain development platform. MATIC currently trades at $1.04, up substantially after finding

December 27, 2023 1 min read

Shibarium Tops 200 Million Transactions As Burn Rate Soars

Shiba Inu’s layer-2 solution, Shibarium, continues to gain steam three months after launch. According to recent data, the network has now processed over 200 million transactions in total, with almost 9 million occurring just in the last day. Shibarium clocks 200 million As of December 27, Shibarium’s overall transaction tally

December 27, 2023 2 mins read

Cathie Wood Bullish on Solana. Will VC Interest Help SOL Flip ETH?

Ark Invest CEO Cathie Wood’s bullish stance on Solana resonates in the market. Wood emphasized the growing importance of smart contracts in the decentralized finance (DeFi) space, predicting that both Solana and Ethereum will thrive as smart contract networks. Also, she highlighted Solana’s competitive edge over Ethereum in terms of

December 27, 2023 2 mins read

Tether Mints $1 Billion USDT, Citing Inventory Replenishment

Another 1 billion USDT has been “authorized but not issued,” as stated by CEO Paolo Ardoino of Tether, the firm behind the stablecoin. Whale Alert, informed on December 25 via twitter that Tether Treasury has minted one billion USDT ($1 billion). The CEO of Tether, Ardoino, then issued a public

December 26, 2023 2 mins read