Coinbase’s director of product strategy and business operations, Conor Grogan, revealed that billions of dollars worth of Ether had been permanently lost due to bugs and human errors. The director noted that mistakes and glitches were the cause of losing 636,000 ETH or $1.15 billion on the Ethereum blockchain. Gone With No Recovery According to…
The Republican U.S. Senator, Cynthia Lummis, representing Wyoming, revealed at a recent crypto event in Washington D.C. that the U.S. is losing out on the crypto space. Dubbed “Crypto Queen,” Lummis disclosed that she bought her first Bitcoin in 2013 and wished she had bought more of the token. Supporting Crypto Regulation It is not…
Deribit, a cryptocurrency derivatives exchange, is set to introduce Bitcoin volatility futures, providing investors with a means of assessing and engaging in trading the BTC market. Deribit’s New Product Allows Investors To Trade BTC Deribit’s BTC DVOL futures is a derivative contract based on the Deribit BTC Volatility Index. The index evaluates the implied volatility…
Binance, one of the world’s largest cryptocurrency exchanges, has obligatory standards for each coin or token listed on its platform. The exchange also clarified that it would delist a coin or token from its platform if it no longer meets these standards or if the market conditions change in a way that could pose a…
Metamask has been the go-to crypto wallet for many crypto users for the past few years. It makes storing, sending, and receiving cryptocurrency from any device easy. Metamask is taking the user experience to the next level with a new upgrade that enhances privacy. The new upgrade focuses on improving privacy features for both the…
The U.S. banking system is currently in turmoil, with several banks struggling to stay afloat and others facing unprecedented financial difficulty. Banks are closing, mergers are happening, and bailouts are becoming the norm. It is an alarming situation and one that is causing serious concern within the banking industry, particularly concerning the long-term implications for…
In a new memo delivered to the House Committee about Financial Services, the Republicans admit that the digital asset market is a flourishing trillion-dollar domain. Part of the memo reads, “The current market value of digital assets is estimated to be over $1.05 trillion, out of which Ether and Bitcoin contribute to roughly 60% of…
According to reports, Meta Platforms Inc, the parent company of Facebook, may soon release its decentralized social network, P92, which would compete directly with Twitter Inc, a company Elon Musk bought last year. According to sources familiar with the matter, the upcoming launch will support ActivityPub, a decentralized social networking protocol used by Mastodon, a…
With the Ethereum ecosystem advancing to regular upscaling, Layer-2 networks are gaining momentum daily. However, some industry experts believe that Layer-2 token incentive models might become obsolete due to rapid changes. Phasing Out Token Incentives According to Jesse Pollak, Coinbase’s head of protocol and Base leading developer, Layer-2 networks offering token incentives would soon become…
Tokenomics is a new field of research that is becoming more popular in the field of cryptocurrency and finance, which is something that all crypto experts are aware of. Tokenomics are fundamental components of virtual assets, serving as the conceptual frameworks within which crypto tokens function, operate, distribute, and even depreciate or appreciate in number…
Introduction Blockchain networks are digital ledgers that are considered one of the most secure methods of performing online transactions. Blockchains were created to find a safe and hack-proof digital transaction method. Therefore, governments have started to open up to the potential of blockchain technology for international payments and other uses. However, blockchains have to undergo…
Introduction The cryptocurrency market can seem a scary place that is filled with technical terms and financial intricacies. Anyone who has traded cryptocurrencies or has been a part of the online crypto community is bound to hear the term spot trading. Many times, investors can use this term without fully understanding its meaning. This article…
Cardano (ADA) is the native token of the Cardano blockchain and is used as a medium of value exchange on the blockchain. Cardano was developed to work seamlessly with the ETH blockchain. Cardano was created by Charles Hoskinson, a co-founder of the Ethereum blockchain. The key purpose of Cardano is to ensure multi-ledger operability and…
Introduction Cryptocurrencies are the latest disruptive technology to come out of the 2000s. Blockchains claim to be decentralized financial ledgers but many of these projects are shrouded in controversies and issues. Ripple Labs and XRP is a good example of a blockchain project that has remained the source of confusion and debates within the global…
Introduction Most people are aware that there are many types of cryptocurrencies in the market. However, what most people do not know is that many of these cryptocurrencies serve different purposes. Monero is a cryptocurrency that is geared towards granting privacy and transaction secrecy to investors. This article is about Monero and how investors can…
The last couple of years has been a roller coaster ride for the cryptocurrency market. For example, the third halving of Bitcoin took place in 2020, which saw a huge surge in the cryptocurrency’s price. This type of halving takes place every four years. After this, large-scale investors and corporates started investing rapidly in Bitcoin…
Blockchain technology is a fairly new regime within the crypto world and there is a lot that needs to be done still if the technology is to thrive and become ample moving forward. The management-oriented aspect of blockchain technology singlehandedly is a deal breaker for various businesses out there considering enrolling in blockchain technology as…
In March, Ethereum’s much-anticipated network upgrade, known as Shanghai, is expected to occur. According to Bloomberg reports, speculators are increasingly betting on tokens associated with the upgrade. These tokens represent Ether holders’ stacked coins and can be used to withdraw them after the upgrade is complete. The Shanghai update will bring several improvements and features…
As the year 2023 began and the crypto market started to show signs of a recovery, all eyes were on the major cryptocurrencies. The crypto communities wanted to know how well the major cryptocurrencies were going to perform in a bullish trend after a long winter. Aptos has come out of nowhere Just when most…
On Monday, the FBI announced that it had concluded that Lazarus Group, the North Korean organization, had been involved in the Harmony Protocol hack of $100 million last June. On January 13th, about $60 million worth of Ethereum that had been stolen in the hack six months earlier was laundered. The hackers This allowed the…
