The crypto world is built on the idea of decentralization, with the goal of reducing the influence of a few entities. However, recent data has shown that popular project tokens like Polygon (MATIC) and Shiba Inu (SHIB) are facing high concentrations of holdings among the top wallets. This level of centralization can lead to increased
Crypto
Ethereum co-founder Vitalik Buterin has once again made headlines within the crypto community by moving a substantial amount of ETH. Recent reports have indicated that Buterin transferred 800 ETH, valued at $2.01 million, to a multisig wallet. Following this transfer, 190 ETH from the wallet was exchanged for 477,000 USDC, a stablecoin pegged to the
The past week has been a wild ride for Bitcoin and the cryptocurrency markets. Starting with a significant surge in price on Saturday, with BTC reaching over $64,000, the rally was short-lived. By Wednesday, the price had plummeted by over $7,000, dropping below $58,000. Despite a slight recovery attempt on Thursday, Bitcoin continues to struggle
Recently, Floki Inu (FLOKI) experienced a significant drop of nearly 20%, causing it to lose its position among the top 5 meme coins. The token’s price is now hovering around $0.0001272, with a market capitalization of $1.23 billion, placing it at the sixth position. Bonk Inu (BONK) surpassed FLOKI to claim the fifth spot with
Elon Musk, the CEO of Tesla Inc., emerged victorious in a high-profile lawsuit worth $258 billion alleging him and his company of manipulating the price of Dogecoin (DOGE), a meme-based cryptocurrency. U.S. District Judge Alvin Hellerstein ruled in favor of Musk and Tesla, thereby dismissing the claims brought forth by a group of dissatisfied investors.
The cryptocurrency market experienced a slight downturn this past week, with most major coins seeing a decline in value. Bitcoin, the flagship cryptocurrency, saw a 3% slide following a sudden drop in open interest for BTC futures among institutional investors. This dip in Bitcoin’s price set the stage for what would become a week of
As the world’s largest cryptocurrency exchange, Binance continues to expand its list of trading options to provide users with more choices and respond to market trends. The latest announcement includes the addition of DOGS/BRL, DOGS/USDC, RARE/BRL, and RARE/USDC trading pairs on Binance Spot. Additionally, the company will offer trading bot services for pairs such as
The recent actions taken by the US Securities and Exchange Commission (SEC) against various cryptocurrency platforms have sent shockwaves through the industry. The latest platform to come under scrutiny is OpenSea, a popular NFT marketplace. Devin Finzer, the CEO of OpenSea, took to social media to express his disappointment at receiving a Wells Notice from
The Cardano network is on the brink of a significant upgrade with the upcoming Chang hard fork, set to be deployed in the next few days. This upgrade will introduce new features and mark the blockchain’s transition into a community-run network. Originally scheduled for August 27, the launch has been postponed to September 1, 2024,
In a significant shift in the world of decentralized finance (DeFi), Maker has recently undergone a rebranding, changing its name to “Sky” and introducing key upgrades to its stablecoin system. The once-popular DAI stablecoin has now been rebranded as USDS, with the MKR governance token also transforming into SKY. This rebrand marks a new era
