A record number of unique addresses were formed on the Solana network in January, indicating an increase in new users, according to The Block’s statistics dashboard. As per reports, around 11.81 million new Solana addresses were established over the month. Comparatively, the network logged 10 million new addresses in December,
As we delve into the cryptocurrency market of February 2024, the focus turns to three standout digital assets that have captured the attention of whales—Retik Finance, Solana, and Polygon. In this dynamic market, large investors are strategically eyeing opportunities, recognizing the unique strengths and potential each cryptocurrency brings to the
After the biggest breach of 2024 thus far—a $112 million attack on Ripple co-founder Chris Larsen’s personal wallet on January 31—cryptocurrency exchange Binance froze $4.2 million worth of XRP. Richard Teng, CEO of Binance, took to social media to announce that the exchange has blocked the exploiter’s address. He also
One of USDT Issuer Tether’s new initiatives is an educational division that will provide seminars, classes, and other opportunities to learn about blockchain and other digital technologies. With the help of industry leaders and trailblazers, the new Tether division will provide a “smart education environment” for students. Tether USDT is
Chainlink, an Oracle service provider shown a remarkable display of strength over recent days. Over the last 24 hours, the LINK price has surged by 15%, reaching $17.93, with a market cap of $10.8 billion. This surge follows a week of impressive gains, where LINK has outshone every major altcoin,
As we step into the second month of 2024, major discussions around memcoins seem to be dwindling in the market. Nevertheless, the memecoin community is steadily growing, hinting that the days of wild returns for memecoin bulls may not be too distant. Talking of it, the prominent Baby Doge coin
January recorded heavy selling pressures in the crypto market, disappointing investors, while the NFT sector saw substantial rises. Consequently, NFT collection index prices increased by almost 10% in January, far outperforming Ethereum which increased by little more than 2%. According to renowned cryptocurrency expert Michaël van de Poppe, Ethereum is
Tether, the issuer of the USDT stablecoin, saw an all-time high growth in the surplus reserves supporting its tokens in circulation and a record-breaking $2.9 billion net profit in Q4 2023, according to its latest attestation report completed by global auditing company BDO. The majority of Tether’s net operational profit
XRP slipped over 5% in the last few hours, violating multiple price floors as bears seized short-term control. The token also fought to hold above the psychologically important $0.51 mark. The breakdown revives downside risks, depending on whether or not crucial support bottles up selling pressure. After spiking briefly on
ZachXBT, an on-chain independent investigator reported that a huge breach at Ripple had resulted in the loss of almost 213 million XRP, which is worth about $112.5 million. Major crypto firm’s security practices came under scrutiny after the event, which was revealed on January 31, 2024, caused widespread worry among
