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…
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…
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…
Cryptocurrency prices dipped on Thursday as Silvergate, a bank that has remained at the forefront of the company over the years, announced its closure. Data from Coin Metrics As per Coin Metrics, Bitcoin fell 2% to $21,570.04. Ether was previously selling at $1,527.58 after losing over 2%. The minor decline got a late start on…
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…
Alchemy Pay has recently shared an update in regard to the expansion of its operational reach. The cryptocurrency gateway has confirmed that it has acquired an operational license in a new country. Permission to Enter Indonesia As confirmed by the company officials, they now have access to the Indonesian market. They have reportedly gained access…
The community of the Shiba Inu meme coin, SHIB, is determined to reduce the coin supply. They work hard to destroy more SHIB coins daily to boost scarcity and value. However, some users have yet to move their tokens from exchanges to the burn address set by the team. Despite this setback, SHIB fans remain…
The stock-to-flow model applied in Bitcoin is one of the most discussed topics in the crypto community these days. In this detailed guide, we’ll take a look at everything you need to know about the Bitcoin Stock to flow or S2F model. In a nutshell, the stock-to-flow model is popular because it possibly helps users…
According to data from CoinGecko, Bitcoin was under pressure once more on Thursday morning, as the leading crypto sank to a low of four weeks at $22,408 briefly. But, it had climbed back up once more at the time of writing to a value of $22,715, still below the $23,000 mark. Price action This latest…
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…
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…
Jim Cramer Advises Investing In Gold Rather Than Crypto On 23rd January 2023, the globally popular host of ‘Mad Money’, Jim Cramer, was seen advising investors where to put their money. While addressing investors, Cramer suggested that they should immediately put their money into Gold. He strictly advised them also not to engage with cryptocurrencies…
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…
In recent trading sessions, both Bitcoin and Ethereum have demonstrated somewhat similar trends. This is because just like Bitcoin, the price of Ethereum has recorded a consolidation. ETH Price has consolidated The data shows that in the recent trading sessions, the trading price of ETH has consolidated. The price of ETH had been surging higher…
Introduction There are dozens of blockchains and cryptocurrencies to choose from in the crypto market. Therefore, investors may get overwhelmed when it comes to creating a suitable and well-balanced crypto portfolio. It is best to take a look at some of the most popular cryptocurrencies and break them down into their smallest components to understand…
Introduction Market sentiments are the most essential factor in the cryptocurrency field, and so it’s critical for crypto traders to be well aware of these and how they work. Usually, greed encourages bullish behaviors, and fear drives pessimistic trends in the financial markets. The human mind is inherently irrational, as shown by the fact that…
Global Crypto Economy Shrinkage Up To $1.5 Trillion About a year ago now, the crypto economy could easily be evaluated at a whooping value of $2.334 Trillion. However, from 20th December 2021 till 20th December 2022, the economy lost roughly $1.5 Trillion. Today, the global crypto economy is resting at a value which is less…
Introduction The use of cryptocurrencies might be puzzling at times. The vast array of various cryptocurrencies available on the internet contributes in some way to the overall sense of bewilderment among investors, particularly younger ones. One contributor to this perplexion is the names themselves, which often confuses new traders. If we compare Ethereum to Ethereum…
Against all odds, and contrary to what the majority predicted, the crypto industry continues to slowly move upward while keeping intact recent-past gains. Momentum seems to be prolonging in crypto markets which is ultimately keeping intact the bullish sentiment. Slow but Steady Bitcoin Moving Upward On Wednesday, 14th December, the trading day ended at a…
