Solana operates on a decentralized system similar to several Proof-of-Stake (PoS) cryptocurrencies. Instead of relying on miners, it depends on validators who maintain the network’s security by locking up their SOL coins as collateral. In return for this commitment, validators are compensated with rewards. Yet, as the price of Solana started climbing upwards recently, there … Read more
The meme coin market has expanded significantly, reaching a market capitalization of over $56 billion and an average daily trading volume of approximately $7.6 billion. Most L1 and L2 blockchains now employ eye-catching meme coins as a means to boost on-chain engagement. Additionally, Shiba Inu (SHIB) and Dogecoin‘s (DOGE) early surge has given birth to … Read more
Active Bitcoin ATMs in Australia have now crossed the 1,000 mark, making the country the third-largest hub for crypto ATMs. As of publication, Australia now hosts an active network of 1,002 Bitcoin ATMs, and joins the United States and Canada as the only countries to achieve this feat. Australia currently holds approximately 2.7% of the … Read more
As the closing date for Renzo’s Season 1 ezPoints campaign approaches, the liquid staking protocol has made public the REZ token economics and instructions for claiming earned ezPoints. Based on the Renzo Protocol, the ezPoints campaign for Season 1 will conclude on April 26th. This protocol has seen remarkable expansion in both the number of … Read more
In the last 24 hours, two memcoins built on the Solana platform, Bonk (BONK) and Dogwifhat (WIF), have experienced significant growth. BONK experienced a surge of 35%, while WIF saw an uptick of 19%. As a result, they currently rank among the top three coins with the largest market capitalizations that have shown impressive gains … Read more
Worldcoin, the digital identity initiative led by Sam Altman and known for its iris scanning system, revealed plans to expand the circulating supply of its WLD tokens by an impressive 19% within the next six months. This expansion will be carried out through private sales exclusively for non-US institutions. On their blog published on April … Read more
In a recent legal document submitted to the SEC, Ripple announced some adjustments to their services in the US market. The filing states that instead of using XRP as the intermediary currency, Ripple now utilizes Tether’s USDT for its On-Demand Liquidity (ODL) solution catering to American clients. Ripple Uses USDT for ODL in the US … Read more
Arthur Hayes, a seasoned crypto trader and co-founder of Bitmex, recently provided some enlightening perspectives on the primary drivers fueling the ongoing bull market. He elucidated how increasing sovereign debt, currency depreciation, and the escalating appeal of cryptocurrencies as a hedge against fiat currency devaluation interconnect. During the prolonged bear market from 2021 to 2023, … Read more
The US government is pushing for tougher penalties against Changpeng Zhao, the founder of Binance. In a court filing on April 23, 2024, the Department of Justice suggested that Zhao be sentenced to three years in prison and pay a $50 million fine for facilitating Binance’s violation of federal sanctions and anti-money laundering laws. The … Read more
The Bitcoin halving in 2024 was an exciting time in the crypto world, with many changes expected from reduced miner rewards to rising Bitcoin prices. But this particular event brought something new to light: a significant change in Bitcoin transactions because of the emergence of Bitcoin Runes. On that day, Runes were responsible for an … Read more