Friend.tech, a decentralized social media platform built on the Base, the Ethereum layer-2 scaling solution backed by Coinbase, has generated more fees and revenue than Bitcoin. This transactional platform allows users to move value, and on October 6, it generated $28.6 million in fees, above Bitcoin’s $26.8 million. Base periodically bundles transactions and confirms them […]
Solana Compass recently provided insights into the latest Solana (SOL) network activity during its 512 epoch. An estimated 19.637 million SOL tokens were unstaked, valued at approximately $449 million. After accounting for staked tokens, the net unstaking volume was 16.516 million SOL, valued at around $380 million. Prominent entities, such as Andreessen Horowitz (a16z), significantly […]
The Canadian Securities Administrators (CSA) has provided guidance to the trading of stablecoins on crypto exchanges in the country. The update comes months after major exchanges, including Binance, halted operations in the country due to regulatory developments.The CSA has acknowledged that stablecoins, which it terms as “value-referenced crypto assets,” may constitute securities or derivatives. The […]
Sam Bankman-Fried, the founder of FTX, is currently on trial in a New York district court. Federal prosecutors have accused him of financial misconduct and misappropriation, while the defense argues that external factors played a significant role in FTX’s struggles. The trial has introduced cryptocurrencies to the jury, highlighting the significance of Bitcoin, Ethereum, Dogecoin, […]
Glassnode co-founders Jan Happel and Yann Allemann, who share the handle Negentropic on the social media platform X, predict that Bitcoin (BTC) could soar into six figures early next year. They believe that the king crypto appears ready to greatly outperform gold on a rally toward $120,000. Analysts are looking at the BTC/XAU trading pair, […]
Bitcoin holders with at least 0.1% of the total supply saw strong net inflows in Q3 2023, despite the asset’s price plunging to $25,000. According to crypto market intelligence firm IntoTheBlock, these wallets recorded a single-day inflow of $600 million, indicating a quiet build-up of strong interest.The net inflows took place while centralized exchanges saw […]
The U.S. Bureau of Labor Statistics released a better-than-expected jobs report in September, which has had a positive effect on stock and bond markets. The nonfarm payroll employment increased by 336,000, and the unemployment rate remained unchanged at 3.8%. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw increases, and the 10-year […]
The decentralized exchange THORSwap, based on ThorChain, has paused all trading activity after suspicious transactions were detected on the platform. These transactions were linked to the FTX hackers who had stolen $600 million from FTX shortly after the exchange filed for bankruptcy. Following an evaluation of the situation and consultation with advisors, legal counsel, and […]
Circle Ventures has joined a consortium of notable investors in the Burnt and XION blockchain ecosystem, a testament to XION’s potential and innovation. This collaboration highlights the commitment to advancing blockchain technology and its widespread adoption. XION Blockchain stands out for its integration of USDC, its modular account abstraction layer, and its dedication to security […]
The Securities and Futures Commission (SFC) of Hong Kong has teamed up with the Hong Kong Police Force (HKPF) to form a working group that aims to combat illegal activities on virtual asset trading platforms (VATPs). The group is composed of representatives from the SFC’s Enforcement Division and Intermediaries Division and HKPF’s Commercial Crime Bureau, […]
