Following a catastrophic 2022, Bitcoin and other major cryptocurrencies started 2023 on a high note, reaching their highest values in months in January as U.S. inflation continued to fall. The aftermath of the FTX cryptocurrency exchange’s demise continued in January when crypto lender Genesis declared bankruptcy. Nonetheless, the Biden administration
Almost $5 billion worth of BUSD stablecoins have been redeemed. Since Paxos stated on February 13, 2023, that it will no longer issue the dollar-pegged cryptocurrency BUSD. There were around 16.1 billion BUSD coins in circulation at the time of the announcement. But there are now only about 11,129,348,406 BUSD
Sandeep Nailwal, the co-founder of Polygon, discussed his forecast for the cryptocurrency environment in an interview. He anticipated that Ethereum would surpass all other layer 1 competitors to become the standard smart contract system. Sandeep Nailwal stated: I don’t think there’s going to be a multi-layer 2 environment. There’ll be
Dubai, UAE, 23rd February, 2023, Chainwire The layer-1 for data, Flare, just completed a live demonstration of new interoperability functionality now available in beta on the network. Using two core interoperability protocols, State Connector and Flare Time Series Oracle (FTSO), an NFT was trustlessly purchased with the transaction taking place
While the Shiba Inu is all set to launch the much anticipated layer-2 blockchain “Shibarium”, its utility token Bone ShibaSwap (BONE) surged over 21% in a week. At the time of writing, BONE traded at $1.80, soared around 6% in a day with a market cap of $410 million. Further,
Polygon Labs has reduced its workforce by 20%, citing the need to focus on core competencies across fewer business divisions as the reason for the layoffs. Over one hundred workers were affected; they would be offered three months’ worth of severance as part of the turnaround plan. On the other
This week, investors have their eyes on the top 5 meme coins that are expected to surge in value. These coins, which have become all the rage in the cryptocurrency market, are designed to be light-hearted and fun. Providing an entertaining way to get involved with digital currency. Nevertheless, they
In Ethereum Name Service (ENS) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about ENS to analyze the future movement of the cryptocurrency. Ethereum Name Service (ENS) Current Market Status Current Price $16.64 24 – Hour Trading Volume $79,926,919 24 – Hour Price Change 5.9%
After facing the two major collapses in the year 2022, many thought the crypto industry might not see the daylight ever again. But this present year 2023, gave a great start for the assets in blockchain technology. The cryptocurrency idols, Bitcoin (BTC) and Ethereum (ETH) are sailing in the better
Yandex, the most popular search engine in Russia, now offers its users data on more than 140 of the most widely used cryptocurrencies in addition to information on the currencies of dozens of other nations. The newest update to the business’s currency converter now includes cryptocurrency rates, the company said.
