In the ever-evolving world of cryptocurrency, endorsements from influential figures can spark dramatic changes in the market. The recent endorsement of the travel-focused blockchain platform Travala by Changpeng Zhao (CZ), the former CEO of Binance, serves as a prime example of this phenomenon. On December 12, Zhao’s mention of Travala in a post on X
Crypto
Electric Capital’s 2024 Developer Report has signified a pivotal moment in the blockchain ecosystem, revealing that Solana has surpassed Ethereum for the first time in several years concerning new developer recruitment. Over the last 12 months, Solana has welcomed an impressive 7,625 new developers, clocking in an astonishing 83% increase compared to the previous year.
In a noteworthy move for the cryptocurrency landscape, Hunter Horsley, CEO of Bitwise, recently communicated via social media that a Spanish bank has opted to invest 2% of its holdings into the Bitwise Aptos staking exchange-traded product (ETP). This investment is significant not only for Bitwise but also indicates a broader trend of traditional financial
Chainlink (LINK) has made waves in the cryptocurrency market by surpassing the $29 threshold for the first time in over three years. This notable milestone is evidence of a striking resurgence, with the token exhibiting a remarkable 21% increase in value over the past week alone. As a result, LINK has solidified its position as
The Eigen Foundation has taken a significant step in enhancing the sustainability of Ethereum by pledging to allocate 1% of the EIGEN token supply to the Protocol Guild. This initiative exemplifies a strategic effort to bolster research and development within Ethereum’s Layer 1 infrastructure. By channeling resources into the Protocol Guild, the Eigen Foundation is
In recent months, Ethereum has solidified its position as the predominant blockchain for Tether’s USDT, eclipsing Tron in a significant trend within the stablecoin sector. This change represents a pivotal moment in the ongoing competition among blockchain networks to establish dominance within the stablecoin ecosystem. Tether recently issued an astounding $20 billion worth of USDT
Ethereum has been navigating a critical price range, oscillating between $3,500 and $4,000. Recently, the cryptocurrency’s value found solace near the lower boundary of this range at $3,500, which has established itself as a strong support level. In the aftermath of this rebound, market bulls are underscoring their intent to re-test the $4,000 resistance, a
World Liberty Financial (WLFI) has emerged as a notable player in the decentralized finance (DeFi) sector, bolstered by the endorsement of political figures, including President-elect Donald Trump. The platform has made waves recently with a $12 million acquisition involving well-known cryptocurrency assets, a move highlighting WLFI’s ambition to establish itself as a significant entity in
Bitcoin has experienced an extraordinary period of growth recently, having surged from $68,000 to over $100,000 within a mere month. This meteoric rise, which can be characterized as a bull rally, was briefly interrupted by a two-day decline earlier in the week. Such fluctuations are commonplace in the volatile world of cryptocurrency, often mirroring the
The cryptocurrency realm, known for its promise of decentralization and innovation, has become a hotbed for malicious activity, particularly through scams that prey on both novice and seasoned investors. The latest trend showcases attackers using counterfeit social media accounts to impersonate well-known figures within the cryptocurrency community. This manipulation does not merely end with misleading
