y00ts is finally migrating to Polygon, and early data shows the NFT holders are supporting that move. As of this writing, over 80% of the NFTs have already migrated to their new home from Solana. Web3 startup DeLabs is the creator of…
The total crypto market cap declined by 0.9% to $1.2 trillion after posting outflows of nearly $4.1 billion in the past day. Bitcoin’s market valuation declined from $548.8 billion to $543.9 billion, while the Ethereum market cap fell to $214 billion from…
Many traditional investors consider Real estate a good investment. But what about digital real estate? NFTs (Non-Fungible tokens) representing virtual land have made headlines since the birth of the metaverse, with some selling for over a million dollars. Virtual land is the…
A lawsuit leveled by the CFTC (Commodity Futures Trading Commission) against Binance on Monday had a significant effect on the market as cryptocurrencies like BTC and ETH dropped. However, legal experts have claimed it won’t substantially impact the ongoing Voyager bankruptcy case….
The crypto market has seen $70 million in inflows over the past day. The total market cap is up 5.4% to $1.22 trillion. Bitcoin’s market valuation rose by 5.78% to $547.89 billion, while that of Ethereum surged 5.6% to $221.56 billion. All…
To better understand how the Ethereum network works, you must first know these three components: ETH, ERC-20 tokens, and gas. They collectively power the network, let developers create their own tokens on the Ethereum blockchain and incentivize validators. What is ETH? The…
On Monday, dYdX revealed the launch of the V4 private testnet, a massive milestone that will see the DEX (decentralized exchange) leave the second-largest blockchain, Ethereum. dYdX also announced that the platform will start running on Cosmos by the end of September….
Coinbase has continued to lure developers into building various projects in its layer-2 network called Base. This time around, the leading crypto exchange in the United States is targeting creators of flatcoins, stablecoins that are not pegged to fiat currencies like the…
Binance’s BNB token has posted losses in the past 24 hours after charges were filed against the company and its CEO Changpeng ‘CZ’ Zhao by Commodity Futures Trading Commission (CFTC). The exchange’s native token saw a drop of 5.5%, becoming the biggest…
Every four years, the Bitcoin amount that is distributed to miners halves. This process is called Bitcoin halving. Here is why and how it works. Bitcoin’s Supply Limit Before discussing Bitcoin halving, let’s look at the theory behind this crypto’s supply. Bitcoin…
On Monday, US Federal Deposit Insurance Corporation (FDIC) reached an agreement with First Citizens Bank that would see the latter take on the loans and deposits of the now-collapsed Silicon Valley Bank. As per the FDIC announcement, the deal includes the acquisition…
Documents filed to the court earlier this month claim that Aiden Pleterski, Canada’s self-proclaimed Crypto King, was kidnapped and brutalized while being held for ransom. Pleterski, 23, is accused of operating an investment Ponzi scheme, and following the bankruptcy proceedings that started…
Last week, Crypto investment products ended an outflow strike that had lasted for six weeks after recording more than $160 million in inflows, as per a report by CoinShares. These inflows are the highest since last July. Crypto-based investments have seen massive…
Before I discuss blue chip NFTs, it is important you know what NFTs are and their use cases. NFTs (non-fungible tokens) are unique digital assets linked to physical or virtual content, representing ownership, community membership, and authenticity. In games, these assets allow…
A recent Bloomberg News report shows New York-based stock exchange Nasdaq is looking to expand its product offerings by launching a crypto custody service. This service is set to launch in the second quarter. According to the report, the exchange has been…
Despite the crypto rally slowing down this week, some leading cryptocurrencies have still increased by double-digit percentages. Credit Suisse’s crisis largely triggered the upward price movement. Initially, the financial institution had requested a $54 billion loan from the Swiss National Bank to…
Crypto staking has become popular among crypto investors as it provides a way to earn passive income. What is Staking? Staking is a process that involves an investor locking a certain amount of tokens on a blockchain that employs the proof-of-stake…
Tech-focused investment company ARK Invest purchased Coinbase shares (COIN) worth about $18 million hours after the Securities and Exchange Commission (SEC) served the exchange with a Wells Notice for reportedly violating securities laws. The investment firm has also had its fair share…
Since Venezuela President Nicolas Maduro ordered the arrest of Joselit Ramirez and the restructuring of the nation’s crypto regulatory agency, the crypto industry in that country has appeared to be suffering. A day ago, the new leadership of the Superintendent of Crypto…
DeFi project Swerve Finance is under governance attack, with the involved exploiter looking to steal over $1.3 million in various stablecoins. But what’s a governance attack? This type of attack involves a hacker taking control of adequate voting power to pass proposals…