SHIB’s average holding duration increased to 172 days on Wednesday alone. The pace of Shiba Inu’s ‘burn’ has climbed by a whopping 260%. The Shiba Inu token had a trading volume increase of almost 500%, according to data compiled by WhaleStats, suggesting that the cryptocurrency is gaining popularity among investors.
NASCAR driver Trent Barnes’ vehicle had the network’s name all over. Charles Hoskinson, the founder of Cardano, surprisingly seemed clueless. Cardano, a well-known network, and its community seem to be surprised by a sudden event. The network has been criticized for having low adoption and for being less popular than
RenBridge was used to launder at least $540 million from 2020 via chain hopping. These bridges have also been used by ransomware gangs, exploiters, and hackers. There have been several thefts of cross-chain bridges this year, but new information from blockchain analytics vendor Elliptic suggests that one of these bridges
DApps on Polygon has topped 37,000, an increase of 400%. End of July DApps activity rose 47.5% from March. Decentralized applications (DApps) on Polygon, an Ethereum scaling platform, have surpassed 37,000, a 400% rise since the year 2022 began. The amount of applications that have ever been launched on both
Coinbase has received investigative subpoenas and requests from the SEC. Coinbase committed to a productive discussion with the SEC. The US Securities and Exchange Commission is investigating Coinbase Global Inc’s staking programs that made the exchange enable customers to receive rewards for holding particular cryptocurrencies. Coinbase disclosed this in its
Ethereum’s speed, scalability, and energy efficiency are all projected to improve. The Ethereum network will be upgraded to ETH 2.0 in September. According to Binance, the world’s largest cryptocurrency exchange by trading volume, the impending September Merge of Ethereum will be supported by the company. Ethereum’s long-awaited transition to a
The Celsius network filed for bankruptcy last month. Withdrawals and transfers from user accounts have been suspended since June. A prospective acquirer of the assets of the Celsius network is Ripple Labs, the organization that created the XRP cryptocurrency. According to Reuter’s article, the blockchain payments startup is interested in
What is MoonXBT? MoonXBT is the world’s first social trading platform for cryptocurrencies. The Cayman Islands-based cryptocurrency exchange was established in 2021. The exchange offers its customers a broad range of trading products, allowing them to execute their trading plans effectively with enough liquidity to back them up. Introduction: A
Mashinsky’s wallet traded 17,475 CEL tokens for $28,242 in ether (ETH). The CEO had more tokens than the next four holders combined. Crypto intelligence outfits Nansen and Arkham Intelligence have identified a $CEL address associated with Celsius CEO Alex Mashinsky that has liquidated part of its assets for the first
Compared to June, the annual rate of inflation reduced marginally to 8.5%. Bitcoin is trading at $24,003 with a 4% increase in the last 24 hours. After a long period of stagnation, U.S inflation has fallen for the first time since April. Compared to June, the annual rate of inflation
