Mon, February 3

USDN Stablecoin Loses $1 Parity Yet Again This Year

The price declined to $0.82 in May and again to roughly $0.93 in June. As rumors of market manipulation spread in April, the USDN dropped to $0.78. Another algorithmic stablecoin is showing symptoms of strain as it slips below its United States dollar peg, just as the crypto industry is

August 26, 2022 2 mins read

Polygon Co-Founder Unveils $50 Million Web3 Venture Fund

Polygon has secured $450 million significant funding round earlier this year. Three blockchain-based gaming firms have received funding from Symbolic’s fund. Polygon, a layer two scaling platform built on Ethereum, has secured $450 million significant funding round earlier this year. Sandeep Nailwal, co-founder of the protocol, has revealed that he

August 26, 2022 1 min read

Uniswap Community Votes in Favor of Uniswap Foundation

The polls were open from August 17 to Wednesday, August 20 at 2:19 pm GMT +10. There needed to be at least 40,000,000 votes cast in support. After receiving more than 99% of the votes from Uniswap (UNI) holders, the $74 million proposal by two former Uniswap Lab executives for

August 26, 2022 2 mins read

Ethereum Whales Sold a Massive Amount of SHIB Tokens

1.5 trillion SHIB tokens worth $20 million were sold by ETH Whales. Recently, SHIB experienced an 86% net outflow from the holders. As per the latest data from the blockchain wallet tracker, Whale Stats the richest Ethereum (ETH) whales traded 1.5 trillion Shiba Inu (SHIB) tokens for $20 million, in

August 24, 2022 1 min read

Whale Alert: $73M Worth of XRP Accumulated in Last 24 Hours

The data tracker shows that a “whale” just invested more than $40.1 million in XRP. The XRP price has increased by almost 1.58% in the previous 24 hours. In the last 24 hours, Ripple’s native coin, XRP, has become one of the most popular cryptocurrencies among the whales. The statistics

August 23, 2022 1 min read

SudoRare NFT Marketplace Executes Rug Pull Hours After Launch

About $820,000 worth of ether and other cryptocurrencies were taken in the incident. The platform’s website and Twitter page vanished soon after the heist. Many users on Crypto Twitter expressed concern that SudoRare was a fraud, and now the exchange’s developers have apparently pulled the plug. About $820,000 worth of

August 23, 2022 1 min read

Near Protocol’s Rainbow Bridge Successfully Defies Exploit

In only 31 seconds, the hackers lost their 5 Ethereum investment. No funds were compromised despite the hacking effort. Over the weekend, there was yet another effort to break into the Rainbow Bridge of Near Protocol. In a tweet yesterday, Aurora Labs CEO Alex Shevchenko said that the project had

August 23, 2022 2 mins read

Shiba Eternity P2E Game To Be Presented at Gamescom Expo

Notable dates for the 2022 Gamescom include August 24th through the 28th. In 2018, the event attracted 370,000 attendees and included 1,037 exhibitors. William Volk, a Shiba Inu game consultant, has announced his attendance at Gamescom, the biggest video game trade expo in the world. Recently, Volk announced on Twitter

August 23, 2022 2 mins read

Circle Led USDC Stablecoin Held by Large Whales Plummet

The top 1% of addresses recently controlled 87.667% of all USDC. On-chain statistics show a sell-off of USDC over the previous two weeks. As the bear market in cryptocurrencies continues, the share of USDC stablecoins owned by significant wallet addresses has fallen to its lowest level in over two years.

August 22, 2022 2 mins read

Highly Anticipated Ethereum Merge Would Not Lower Gas Prices

Following the Merge, there will be no discernible increase in transaction speed.  The Merge will render energy-intensive mining obsolete. In a statement published on Wednesday, the Ethereum Foundation made it clear that the planned proof-of-stake transitional update to the network, known as the “Merge,” would not result in lower gas

August 22, 2022 2 mins read
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