Over the past week, sales volume for non-fungible tokens (NFTs) experienced another week-on-week decrease, marking a 13.72% reduction. This downturn marks the fourth consecutive week of declining NFT sales, a stark contrast to the record-breaking achievements witnessed throughout other sectors in March. During this period, the splendor of trading volumes did not extend to digital […]
Since its launch on April 2, the Ethena governance token ENA has experienced an 80% climb in value against the U.S. dollar, ascending from an all-time low of $ 0.532 per token. Currently, it ranks among the top 100 coins by market capitalization, boasting a total valuation of $ 1.36 billion at the …
After Judge James Mellor in the U.K. rendered his decision in the notable lawsuit initiated by the Crypto Open Patent Alliance (COPA) against Craig Wright, he concluded that Wright did not embody the persona of the pseudonymous Satoshi Nakamoto. Subsequently, Mellor enforced a worldwide injunction on Wright’s holdings, freezing assets valued at £6.7 million (approximately […]
Four months ago, a total of 179 decentralized autonomous organizations (DAOs) boasted treasuries exceeding $ 1 million or more each. As of today, this figure has climbed to 211 distinct DAOs meeting the same criteria. Furthermore, since Nov. 1, 2023, the collective value of DAO treasuries has expanded by more than $ 20 …
According to February 2024’s latest inflation data, Turkey faces an inflation rate exceeding 67%, amid ongoing currency devaluation and a declining lira against the U.S. dollar. Recent findings suggest that in an effort to safeguard their wealth, Turks are increasingly turning to gold, with smuggling hitting unprecedented levels. Additionally, there is a growing interest among […]
This week’s non-fungible token (NFT) sales have taken another nosedive, intensifying the downtrend that began with a 16.55% decline from March 9 to March 16, 2024. The last seven days have witnessed an even steeper drop, with NFT sales plummeting by 18.57%. Cryptopunk #7,804 Shines in a Week of Falling NFT Sales In line with […]
Amid a widespread downturn in the cryptocurrency markets this week, tokens based on artificial intelligence (AI) have nevertheless attracted billions of dollars in additional investment. In the last month, the AI-focused cryptocurrency sector has expanded by $ 7.54 billion, with the majority of the leading AI tokens—four out of the top five—experiencing notable gains …
Bitcoin, with its intraday low and high at $ 60,760 and $ 66,382 respectively, and currently trading above the $ 63,500 mark, showcases its durability and unpredictability. The price movements of bitcoin persist in the lead-up to the U.S. Federal Reserve’s gathering on Wednesday afternoon. Bitcoin On March 20, 2024, bitcoin’s (BTC) …
While bitcoin experienced a 12% decrease following its all-time high last week, gold has shown relative stability over the past five days, with only a slight 1% decline in the same period. In a similar vein to crypto enthusiasts, advocates for gold predict that the metal will continue its upward trajectory, potentially reaching the $ […]
Blast, a new Ethereum layer two (L2) scaling solution, paused its block production due to issues arising from the recent Dencun upgrade on the Ethereum mainnet, with its team diligently seeking a fix. Since launching its mainnet on Feb. 29, 2024, and amassing billions in crypto assets through its Ethereum bridge, the project has gained […]
In a significant shift, Goldman Sachs has upgraded its rating on Coinbase shares from selling to neutral, citing a surge in crypto prices and record-breaking daily volumes. The adjustment to a $ 282 price target reflects the bank’s reassessment of the San Francisco-based crypto exchange’s revenue potential and operational strides toward profitability. Goldman Sachs …
According to blockchain analytics, the Ethereum Name Service (ENS) domain “vitalik.eth” has engaged in a transaction of $ 100,000 worth of ether, converting it into an equal amount of stablecoins on the Base blockchain. The address, purportedly belonging to Ethereum’s co-founder Vitalik Buterin, currently possesses 955.58 ether, estimated at $ 3.64 million. ‘Vitalik.eth’ …
While bitcoin reached a 2024 high on Monday, rising above the $ 67,000 per unit range, Coinbase suffered an issue again where customers were seeing zero balances. The news follows the issues Coinbase suffered on Feb. 28, 2024, when customers saw zero balances that day as well. Coinbase Users Encounter Zero Balance Bug Again …
Do Kwon, the embattled former CEO of Terraform Labs, is currently stranded in Montenegro due to extradition delays, following accusations by the U.S. Securities and Exchange Commission (SEC) of conducting a massive fraudulent crypto scheme. Last year, the SEC charged that from April 2018 to May 2022, Terraform and Kwon’s operations resulted in at least […]
The crypto enterprise Coinbase, rooted in San Francisco, experienced an influx of online visits that surpassed the tenfold increase anticipated by their projections. Brian Armstrong, the CEO of Coinbase, shared updates about the heightened traffic following the exchange’s operational hiccups, which coincided with bitcoin’s climb to $ 64,000 on Wednesday. Coinbase Traffic Spike Surpasses …