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Search Results for: Ethereum

Crypto Market Stabilizes as U.S Unemployment Rate Surges to 3.6%

According to the most current nonfarm payroll statistics from the Bureau of Labor Statistics, the United States gained 311,000 jobs in the month of February. It’s less than the previously reported 517,000 jobs gained in January, but it’s still far more than the 225,000 jobs that experts expected would be

March 10, 2023 1 min read

Current Crypto Crash Does Not Seem To Be a Coincidence

Bitcoin (BTC) fell roughly 8% in the last 24 hours before Friday morning’s employment figures. But it has since recovered marginally, rising back to just around $20,000. A steady unemployment rate of 3.4% was predicted, but instead, the rate increased to 3.6%. Recent statistics indicate a frightening $2 trillion loss

March 10, 2023 2 mins read

How Crypto Wallets Work: 5 Important Key Things You Should Know

With the consistent argument of the need for crypto adoption, cryptocurrencies such as Bitcoin, Ethereum, and the rest have a fast-growing community. However, it is vital to note that one may not hold or store cryptocurrencies without wallets coming into the spotlight. Not considering if you are a top crypto

March 10, 2023 7 mins read

Bitcoin’s DeFi Functionality Boosted Thanks to Rootstock’s New Features and Locking Limit Removal

Rootstock improved its DeFi environment for the Bitcoin ecosystem with seven new solutions and moved closer to full decentralization. In February 2023, Rootstock integrated with seven additional protocols, providing consumers greater freedom from the limitations imposed by conventional finance. Moreover, the BTC/rBTC two-way peg’s locking cap has been taken off. As

March 10, 2023 3 mins read

BitMEX Co-founder Arthur Hayes Proposes Bitcoin-backed Stablecoin

NakaDollar (NUSD) is a proposed new stablecoin backed by bitcoin (BTC) and bitcoin derivatives. It has been suggested by Arthur Hayes, co-founder of cryptocurrency derivative trading platform BitMEX. Moreover, Hayes said in a blog post that the creation of NUSD would be different. Especially from the creation of other stablecoins.

March 10, 2023 2 mins read

CryptoGPT Launched its Native Token GPT

Today, the Ethereum-based zero-knowledge (ZK) layer-2 blockchain CryptoGPT launches its native crypto token ‘GPT.’ By debuting its own currency, CryptoGPT is seekings to capitalize on the popularity of ChatGPT and artificial intelligence (AI). However, leading cryptocurrency exchanges such as Bitfinex, PancakeSwap, Uniswap, Bybit, Bitget, and others listed the new crypto

March 10, 2023 1 min read

Hacker Steals Tokens From Hedera Exploiting Smart Contract Vulnerability

The developers of the Hedera Hashgraph distributed ledger have revealed that some tokens from the network’s liquidity pool were stolen. This was due to a smart contract vulnerability on the Hedera Mainnet. The hacker, according to Hedera, went after tokens in DEXs’ liquidity pools. That used code adapted from Ethereum’s

March 10, 2023 1 min read

Starbucks Limited Edition Siren NFT Collection Sold Out in 18 Minutes

The Starbucks Odyssey rewards programme, built on the Ethereum sidechain network Polygon and now in beta, is a major move for the coffee giant into the Web3 sphere. After distributing some free prize NFTs to the platform’s early users, the company released its first premium collectable for sale. Beta users

March 10, 2023 2 mins read

Cryptocurrency Market Cap Dropped Below $1 Trillion

Global cryptocurrency market has fallen down below the long-maintained $1 trillion market cap. The present crypto market capitalization is $928,980,961,277, which is quite frightening. Trading volume in the last 24 hours is $68,881,759,540. If the crypto scenario is studied excluding the Bitcoin (BTC) contribution, the market cap is $544 billion.

March 10, 2023 1 min read

Bitcoin (BTC) Price Hits $19K, Will the Decline Continue?

Crypto market leads Bitcoin (BTC) and Ethereum (ETH) have plunged more than 8% in the last 24 hours. The whole market is in panic as every other cryptocurrency is seen in red. Among the top 20 coins, only the stablecoins are witnessing a green graph.  The fall is continuously declining

March 10, 2023 1 min read