Hedera’s native cryptocurrency, HBAR, has emerged as a prominent player in the gainers list, captivating the attention of both crypto enthusiasts and investors alike. At the time of writing, HBAR was trading at $0.05953 with a 24 hour trading volume of $102 million. The price of HBAR surged over 6%
In the cryptocurrency realm, a significant trend emerges as more investors embrace a patient approach. A substantial portion of Bitcoin, about 68.54% of the total supply, has remained dormant for at least a year, reflecting a preference for a long-term investment strategy. Data from Glassnode, a blockchain analytics firm, reveals
On Monday, Kraken, a cryptocurrency exchange, began trading in MOON and BRICK tokens, the native currencies of two Reddit groups. CMC reports that the value of r/CryptoCurrency (Moon) has climbed by 42% in the last day to $0.42, while the value of r/FortNiteBR Bricks (Brick) has increased by 117% to
A $1 million estimated attack caused Solana-based Cypher Protocol, a decentralized futures exchange, to suspend its smart contract. On August 7th, Cypher tweeted its users to let them know that the platform had encountered a security breach and had temporarily disabled its smart contract. The group has also reached out
Bitstamp, a cryptocurrency exchange, is in negotiations to acquire additional capital as the industry faces increasing regulatory scrutiny across the globe. The exchange’s global CEO, Jean-Baptiste Graftieaux, has said that the company began raising capital in late June, advised by Galaxy Digital Holdings and Mike Novogratz. The money will be
In a volatile quarter for the cryptocurrency industry, stablecoins have emerged as key indicators for impending market surges, while leading exchange Huobi faces intensified scrutiny. The ongoing tug-of-war between regulatory uncertainty and market optimism has kept investors on their toes. Historically, the movement of stablecoins such as Tether (USDT) and
Glassnode, a blockchain analytics company, reports that the number of Bitcoins held by long-term holders has hit a new high of 14.599 million. A total of 43,949 Bitcoin, or almost $1.274 billion has been added to these wallets during the last week. Addresses that have held Bitcoins for 155 days
Shiba Inu (SHIB) has experienced a jaw-dropping surge in large holders’ inflow, according to data from IntoTheBlock. Over the course of the last seven days, the large holders’ inflow metric has skyrocketed by a remarkable 2,210%. This significant increase in funds flowing into addresses owned by whales or major holders
A new whale has come to the forefront after purchasing $40 million worth of Shiba Inu (SHIB) in one transaction, which is an incredible show of support. The whale has amassed 4.41 trillion SHIB tokens, putting it in the 27th position among the top holders of SHIB, according to statistics
Global payments giant PayPal (PYPL) has officially stepped into the cryptocurrency arena by launching its very own U.S. dollar-pegged stablecoin, PayPal USD (PYUSD). The announcement, made on Monday, marks a significant milestone as it is the first time a major financial company has issued its own stablecoin. Built on the
