In 2020, a college graduate took a bold leap, investing $8000 in Uniswap (UNI) at just $3 a token. Despite doubts from friends and family, this gamble soared beyond expectations, turning his initial investment into $400,000 within a year and clearing his student debt and setting him up for success.
Holders of PayPal’s dollar-pegged PYUSD stablecoin will be eligible for an interest rewards program. Which is an advancement in the company’s stablecoin effort. The next stage in PayPal’s strategy to increase the use of its stablecoin is this program. This is a collaboration with Anchorage Digital. In a partnership with
Magic Eden is planning to introduce and use a utility token called “ME” on its Non-Fungible Token (NFT) marketplace. Importantly, the firm said that the ME Foundation is working on the token’s development. The new token is designed to make cross-chain trade easier on the platform that is built on
Bitcoin exchange inflows, defined as the total amount of Bitcoin delivered to exchanges, have declined sharply since early August, notwithstanding transfers from the Mt. Gox bankruptcy estate and concerns of a US government sell-off. Almost 94,000 Bitcoin were delivered to exchanges on August 4, followed by about 49,000 Bitcoin on
Withdrawal fees for 22 different cryptocurrencies have been lowered by Upbit, a crypto exchange based in South Korea. Among them are well-known tokens such as Shiba Inu (SHIB) and Ethereum (ETH). Starting on August 23, 2024, at 1 a.m. ET or 2:00 p.m. KST, this change will take effect. Recent
An investment trust for Avalanche has been launched by Grayscale Investment, a top crypto asset manager. The AVAX price increased by about 10% after the development, showing that investors were positively affected by the news. Conversely, it shows that the asset manager is serious about growing its digital asset investing
Cardano stands on the cusp of a major transformation as it prepares to implement the Chang hard fork, a pivotal upgrade championed by co-founder Charles Hoskinson. This forthcoming update promises to revolutionize the network’s governance structure, introducing sophisticated voting mechanisms that will empower the community to directly shape Cardano’s future
Cryptocurrencies are buzzing with potential, and 2024 is shaping up to be a thrilling year for those looking to ride the wave. As the market twists and turns, certain digital assets are emerging as frontrunners, thanks to their groundbreaking tech and eye-catching growth prospects. Whether you’re a seasoned crypto enthusiast
Ripple’s XRP has demonstrated remarkable stability in the face of a substantial token transfer to Binance, defying typical market reactions to such events. The movement of 33 million XRP tokens, valued at approximately $20 million, to a Binance wallet on Tuesday failed to trigger the expected market volatility. This muted
Some have taken the release of the US Federal Reserve’s meeting minutes from July as more confirmation of a rate decrease in September. However in the hours after the release, Bitcoin futures traders added over a billion dollars to Bitcoin Open Interest (OI). With a gain of $1.26 billion in
