The cryptocurrency world flourishes through a mix of creativity, function, and at times, humorous internet culture. This past week, Dogecoin (DOGE), the meme currency inspired by the Shiba Inu breed, received significant attention following an amusing tweet from wealthy entrepreneur Elon Musk. As a result, the coin’s value surged remarkably. When Monty Python was referenced … Read more
PancakeSwap (CAKE) recently proposed a new plan to channel a part of the CAKE token emissions towards enhancing the veCAKE community, effectively kick-starting its development. Directing funds towards Bribes is proposed to boost the circulation of assets within the ecosystem and optimize the rewards system for CAKE. “The Kitchen is suggesting to divert a part … Read more
To boost education in the areas of blockchain technology and cryptocurrencies, Binance Academy – the educational wing of Binance – has revealed plans for a collaboration with reputable European universities. The goal is to create accredited university courses on key Web3, blockchain tech, and digital asset themes, equipping students with a thorough grasp of these … Read more
In simple terms, the cryptocurrency market, primarily driven by Bitcoin (BTC) and Ethereum (ETH), followed the downward trend of major stock markets in Europe, Asia, and the US in the last 24 hours. Approximately $300 million was wiped out from the crypto derivatives market, mostly affecting long-term investors. The prices of Bitcoin and Ethereum also … Read more
Paul Grewal, the top lawyer at Coinbase exchange, has publicly expressed his backing for Tornado Cash, a cryptocurrency mixing service. Tornado Cash is currently embroiled in a prolonged legal dispute with US authorities over accusations of money laundering. In a recent post on platform X, Grewal shared Tornado Cash’s stance regarding the US Treasury Department, … Read more
In a well-known market for its volatile price movements, Bitcoin Depot has demonstrated remarkable resilience, proving its distinct business strategy. This disclosure comes after the prominent US crypto ATM operator reported in an SEC filing that their revenue has remained steady even with Bitcoin’s value fluctuations. Based on the SEC report, Bitcoin Depot generated approximately … Read more
OKX, a well-known cryptocurrency exchange, has followed in the footsteps of Coinbase and entered the sphere of Decentralized Finance (DeFi) by formally introducing their layer-2 blockchain project, named X Layer, within the Ethereum network. Launched on testnet in November 2023, this network aims to offer reduced transaction costs and tackle interoperability issues among layer-1 blockchains. … Read more
Samson Mow, a well-known advocate for Bitcoin (BTC), has shared some possible explanations for the recent drop in cryptocurrency prices. Over the past weekend, Mow shared on the X platform that many investors decreased their cryptocurrency holdings out of worry for potential conflict in the Middle East. Notably, among all assets, Bitcoin was the one … Read more
Ethereum, the second largest cryptocurrency with a significant market value, has experienced rough seas recently. Over the past few days, Ethereum’s price has significantly dropped to around $2,800 on April 12, mirroring the market slump affecting the entire crypto sector. Despite the unpredictability, something intriguing has occurred: Large-scale Ethereum investors, known as “whales,” are making … Read more
Beyond serving as mere value repositories, the Bitcoin blockchain system is experiencing growing interest due to Decentralized Finance (DeFi) and Non-Fungible Token (NFT) transactions occurring within it. Notably, investment firm Franklin Templeton posits that the introduction of Runes, a fresh fungible token standard for Bitcoin, could significantly transform the ecosystem. According to Franklin, Runes could … Read more