To decrease the supply of its token and promote deflation, PancakeSwap (CAKE), the top decentralized exchange on Binance Smart Chain (BSC), has revealed that it has already destroyed 9,219,752 CAKE tokens, valued at over $27 million. This action brings the total amount of burned CAKE tokens to over 1.25 billion, equivalent to more than $3.7 … Read more
On April 16, 2024, Arbitrum, a prominent layer-2 blockchain platform, has announced another significant milestone called “Cliff Unlock.” During this event, around 92.65 million ARB tokens, equivalent to 3.49% of the circulating supply, will be released. Currently, this amount translates to roughly $116.73 million in market value. At this event, the release of tokens is … Read more
After dipping below $66,000, Bitcoin has bounced back due to purchasing activity from short-term holder whales near their average acquisition price. Bitcoin Drawdown Had Nearly Put Short-Term Whales Under Pressure According to a CryptoQuant analysis, the price of Bitcoin came close to equaling the average purchase price for short-term whale investors during the latest decline. … Read more
Moving forward, Norway will closely monitor the activities of data centers located within its territory. This action comes in response to the country’s recent announcement of plans to introduce new legislation that will oversee the data center industry. According to a recent local news article, Norway’s Digitalization Minister, Karianne Tung, announced that this is the … Read more
Last week, investors pulled money out of cryptocurrency investment funds more than they put in, amounting to a withdrawal of approximately $126 million. This came as market sentiment towards Bitcoin and other digital currencies remained uncertain, with prices fluctuating significantly. (Data from CoinShares) Despite an increase in trading volumes from $17 billion to $22 billion … Read more
Sports apparel giant Adidas is teaming up with Move-to-Earn platform Stepn, based on Solana, merging the realms of sportswear and Web3 as of April 15, 2024. This groundbreaking collaboration offers an engaging fusion of fitness and crypto for both enthusiasts of working out and digital currency. The partnership kicks off with a limited collection of … Read more
Recently, Toncoin (TON), the cryptocurrency linked to The Open Network, has defied expectations, surging by over 18% in an unexpected development. This growth occurred even as the broader crypto market experienced a downturn, making TON’s performance all the more noteworthy. Additionally, recent updates enhancing its utility have likely contributed to this price increase. Toncoin Shining … Read more
Large investors holding Ethereum (ETH) have been actively purchasing the coin in large quantities recently. This buying surge occurred after a general price drop for most cryptocurrencies, including Ethereum, over the weekend. Before the stock market decline, analysts believed Ethereum was set to regain its prior record-high price. But unexpectedly, the coin dropped significantly, reaching … Read more
The use of Bitcoin is rapidly growing in various industries, including sports, where it is becoming a norm. Evidence of this is seen with a UFC champion requesting his winnings to be paid in Bitcoin, highlighting Bitcoin’s rising influence in the sports world. Bitcoin Becomes Price Of Choice For UFC Winner Renato Moicano, a successful … Read more
The UK government intends to pass new laws this summer to oversee the creation and application of cryptocurrencies and stablecoins within the country. This information was shared by the Economic Secretary, Bim Afolami, during the Global Summit on Innovative Finance held on April 15, 2024. According to a CoinDesk report, Afolami announced that these regulations … Read more