In 2019, Facebook introduced a revolutionary payment platform called Libra, later known as Diem, aiming to tackle global payment inefficiencies through blockchain technology. Spearheaded by David Marcus, the initiative promised to be a quick, cost-effective solution for individuals and businesses worldwide, considering the obstacles posed by traditional banking systems. Initially, the project’s conception was met
Crypto
On December 1, 2023, the decentralized exchange (DEX) known as Clipper faced a significant security breach at 4 am UTC, raising alarms within the cryptocurrency community. The attack was specifically aimed at its liquidity pools operating on the Optimism and Base networks. Initial assessments by security expert Chaofan Shou from Fuzzland suggested that the exploit
In a remarkable twist in the world of cryptocurrencies, XRP has recently ascended to the third position based on market capitalization, surpassing the previously dominant Tether (USDT) and the much-discussed Solana (SOL). According to insights from CoinMarketCap, XRP has captured a staggering market cap of over $1,350 billion, with only Bitcoin (BTC) and Ethereum (ETH)
In the fast-paced world of cryptocurrency, meme coins have carved out a niche for themselves, often buoyed by community engagement and viral trends. Pump.fun, a launchpad dedicated to Solana-based meme coins, appeared to be riding the crest of this wave, achieving remarkable success shortly after its inception in early 2024. However, the platform’s trajectory took
In recent news, Pump.fun, a burgeoning player in the meme coin trading sector, has made headlines for securing a significant investment opportunity through SecondLane, a private trading platform. The offering of a 1% equity stake for $15 million highlights Pump.fun’s fully diluted valuation at an impressive $1.5 billion, underscoring its rapid rise as a major
Despite facing fluctuations typical in the cryptocurrency market, Cardano (ADA) has successfully maintained its position among the top ten cryptocurrencies by market capitalization. This week, ADA saw a robust resurgence, gaining over 7% within just a day. Such a significant rise suggests that the market could be shifting in favor of a bullish sentiment. Notably,
Launched on August 9, 2023, Base, an Ethereum Layer 2 solution incubated by Coinbase, has rapidly established itself as a formidable player in the on-chain economy. As the crypto landscape evolves, understanding Base’s remarkable rise offers insights into both its innovative approach and the broader implications for Ethereum’s scalability and usability. The data from Delphi
Ethereum’s price action has recently drawn the attention of both investors and analysts, showcasing a resilient bounce after testing the critical support level of $3.5K. This level serves as a psychological threshold for traders, encapsulating the sentiment that could influence future market behavior. The cryptocurrency’s broad trend remains positive, as it gears up to approach
Recent analysis from economists at the U.S. Treasury has shed light on the rapidly evolving landscape of cryptocurrency ownership among American households. The data, drawn from IRS tax returns, indicates that the number of individuals reporting cryptocurrency holdings surged nearly threefold from 2020 to 2021. This explosion in crypto ownership aligns closely with notable trends
In the vibrant world of cryptocurrencies, meme coins have carved a significant niche, and Shiba Inu (SHIB) has been particularly noteworthy. After a period of relative stagnation, where it saw a lack of substantive movement, SHIB made headlines recently by reaching a multi-month high exceeding $0.000033. This surge brought the coin briefly back into the
