Mon, May 18

Shiba Inu Burn Rate Skyrockets Over 1,450% in Last 24 Hours

After another large burn of SHIB tokens, the Shiba Inu burn rate skyrocketed in the previous 24 hours, reaching over 1,450 percent. The community took advantage of the meme coin season to speed up the coin’s burn and attract more people to the cryptocurrency. This week, the Shiba Inu community

May 29, 2023 1 min read

Dormant Wallet Inactive for 8 Years Moves 8000 ETH Worth $14.7M

After lying dormant for eight years, an Ether wallet that was last used in 2015 has revived, swiftly transferring 8,000 ETH in under two minutes. After taking part in Ethereum’s ICO (initial coin offering) in 2015, the wallet’s owner was rewarded with 8,000 ETH; nonetheless, the wallet sat dormant until

May 29, 2023 1 min read

Tether USDT Dominates Market Share as Other Stablecoins Decline

There have been shifts in the last year regarding the market domination of stablecoins linked to the US dollar. Tether USDT, however, has returned to its all-time high, according to statistics compiled by CoinGecko, while the majority of cryptocurrencies are on a negative trend. Circle’s USDC market share has dropped

May 29, 2023 1 min read

Ether Reserves on Centralized Exchanges Reach Five-Year Low

The cryptocurrency exchanges’ Ether reserves have hit a five-year low.  The current number of ETH on exchanges, 17.8 million, is the most it’s been since July of 2016, according statistics from Glassnode. As of September 2022, the number of Ethereum tokens available on trading platforms has begun to decrease. The

May 28, 2023 1 min read

Binance Exchange Failed To List the Most Traded Projects

In today’s crypto industry, there are certain highlighting projects that create effective traded ones in the market. And, from the results of Coingecko, there is a list of the highly impactful projects that haven’t been listed on Binance so far. Most Traded Projects in the Crypto Market Firstly, the inSure

May 28, 2023 2 mins read

Cardano Founder Claims ADA More Decentralized Than Other Crypto

Charles Hoskinson, the founder of Cardano, thinks the decentralization of the project will serve as a “wake-up call” for the sector. Hoskinson recently shared an update with the community. During which he claimed that ADA is “substantially more decentralized” than any other cryptocurrency. Furthermore, the executive emphasized that the Cardano

May 27, 2023 1 min read

What Direction Will SHIB Take in Coming Week—Bullish or Bearish?

The never-ending memecoin season, which was started by the leading meme coin Shiba Inu (SHIB), didn’t fail to treat the SHIB Army and its community. The meme token recently provided its upcoming updates.  In addition, since the beginning of March, when the Shibarium testnet was launched, the Shiba Inu army

May 27, 2023 2 mins read

Uniswap Disables BEN Token Trading, Here’s Why?

The largest decentralized crypto exchange, Uniswap, prohibited the trading of various memecoins and derivative cryptocurrencies, despite the fact that users were unaware of it. It’s been more than three days since the exchange banned the new meme coin Ben (BEN), which buzzed “CryptoTwitter” with significant attention. However, users can still

May 27, 2023 1 min read

Recent Updates on Polygon (MATIC) Over a Slight Increase in Price

In a groundbreaking move, leading Formula 1 ticket provider, Platinum Group, has unveiled a revolutionary ticketing system for the upcoming Monaco Grand Prix. Partnering with blockchain infrastructure company Elemint and Web3 agency Bary, Platinum Group has created and released non-fungible token (NFT) race tickets, combining cutting-edge technology with the thrill

May 27, 2023 4 mins read

Battle for Blockchain Supremacy: Algorand’s Resilient Retreat to 52 Weeks Low

In the ever-evolving blockchain technology landscape, Ethereum has long held the throne as the leading smart contract platform. However, a rising contender named Algorand has been garnering attention with its unique approach and technological advancements.  Understanding the Foundations: Ethereum and Algorand share the goal of enabling decentralized applications and smart

May 27, 2023 3 mins read