Ethereum [ETH] whales seem to have turned the tables on their previous action to leave Shiba Inu [SHIB] out of their top holdings. Recollect that these whales had exited a three-figure million dollar SHIB holdings. Now, SHIB is back as a matter of interest. WhaleStats says the top 100 ETH whales have bought over $37Continue reading “Ethereum whales reignite Shiba Inu [SHIB] interest- Decoding details”

Ethereum Classic [ETC] risks 51% Proof-of-Work (PoW) finality fraud. This was the current state of ETC as per a recent risk evaluation of its ecosystem. However, this danger did not just spring up as it was a possible outcome of the ETC network as the Ethereum [ETH] Merge draws closer. As ETH would finally switchContinue reading “Ethereum Classic [ETC] defies 51% approaching danger, here’s how”

In an unprecedented move, Tether [USDT] has defied Office of Foreign Assets Control (OFAC) sanctions. The organization has decided to go against the OFAC on the grounds of the latter not indicating “that a stablecoin issuer is expected to freeze secondary market addresses.” Tether, thus stood its ground and decided in favor of not freezingContinue reading “Tether takes an interesting stance, USDT benefits from it”

XRP’s performance in the last few weeks has been quite stagnant as it showed a negative 7.71% seven-day growth. After touching the 0.3878 mark on 17 August, the token gained a southbound momentum and fell to $0.3447 on 20 August. At the time of writing, XRP was trading at $0.3451 with a market capitalization ofContinue reading “XRP achieves a new milestone, beats even BTC and ETH in…”

Over the last five months, Iran has seized more than 9,400 cryptocurrency mining equipments, while also dealing with power outages over the summer. According to Iran International and Kambiz Nazerian, CEO of Tehran Electricity Distribution Company, these mining rigs were found scattered throughout the city. A majority of that sum is attributable to a massiveContinue reading “Iran: Recent crypto-mining rig seizures fuel new call for regulations”

Ethereum [ETH]-based NFT collection, Azuki was the subject of a 311% increase in sales volume over the last 24 hours. According to CryptoSlam, about $703,760 exchanged hands between buyers and sellers within the aforementioned period. Interestingly, Azuki was not the only collection involved, as one Solana [SOL] NFT collection joined the party.  DeGods, the SOL-hostedContinue reading “BAYC, CryptoPunks holders might not be elated to read this NFT report”

Decentralized exchange Uniswap has concluded the voting process to create the Uniswap Foundation. The community demonstrated overwhelming support for the foundation, with over 86 million votes in favor of the proposal. Devin Walsh, Executive Director of the Uniswap Foundation, announced in a tweet late on Wednesday that the proposal to establish the foundation had “passedContinue reading “86M votes overwhelmingly in favour of Uniswap Foundation”

The Ethereum [ETH] Foundation recently announced that the last and final major Bellatrix upgrade will be released on 6 September. This has caused another wave of excitement among enthusiasts. Not only did this development increase social activity, but it also affected ETH’s price action positively. At the time of writing, ETH was trading at $1,710Continue reading “Waiting for ETH Merge culmination? This news might excite you”

Ethereum co-founder Vitalik Buterin recently tweeted that cryptocurrency payments are superior because of censorship resistance and convenience. This change has given a significant boost to international businesses, charities, and payments within countries, he added. Rising crypto-adoption A January 2022 report by Crypto.com revealed a picture of the financial world, one where cryptocurrencies are being increasinglyContinue reading “What does Ethereum’s Buterin think about ‘underrated’ crypto-payments”

Popular crypto-exchange Coinbase announced on Wednesday the release of cbETH, its new wrapped and staked Ethereum ERC-20 token. The timing of this announcement is interesting, especially with the Ethereum Merge now on the horizon. “Coinbase Wrapped Staked ETH (cbETH) is a utility token that represents ETH2, which is ETH staked through Coinbase. cbETH can beContinue reading “Coinbase introduces Wrapped Staked ETH: Here’s what you need to know”

Having several parachains that support its decentralized web objectives has been one reason Polkadot [DOT] has stayed relevant in the crypto ecosystem. In fact, its growing ecosystem has left the comfort of its network to contribute to new blockchain development.  While many may have considered the Polkadot architecture limited, the multichain network has proved otherwise.Continue reading “Polkadot: New deployment activated; what spot does it leave DOT at”

As the Ethereum [ETH] transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) draws nearer, it is expected that specific crypto projects might be affected by the switch. Some might get a good outcome. For others, the consequence might be negative. One of such is Polygon [MATIC], the scaling solution that runs on the Ethereum blockchain. RespondingContinue reading “What MATIC investors should anticipate post-Ethereum Merge”