The team behind the XRP Ledger (XRPL) has revealed a significant upcoming update, code-named fixAMMv1_1, which is set to be implemented within the next 14 days. The update, which received 28 votes in favor out of 35, is designed to enhance the functionality of the Automated Market Maker (AMM) feature on the XRPL. Enhancing AMM … Read more
In a significant development for cryptocurrency users, Venmo and PayPal have announced that their platforms will now support Ethereum Name Service (ENS) names for cryptocurrency transfers. This integration, disclosed by ENS Labs on September 10, is set to streamline transactions for over 270 million users across the United States. Simplifying Crypto Transfers The Ethereum Name … Read more
A significant cryptocurrency whale is currently at risk of a substantial liquidation involving approximately $28 million worth of Wrapped Bitcoin (WBTC). This potential liquidation highlights the volatile nature of the cryptocurrency market and its complex interplay with decentralized finance (DeFi) protocols. The Liquidation Risk On-chain analytics firm Lookonchain has reported that the whale, who holds … Read more
As Donald Trump and Kamala Harris prepare to engage in their first presidential debate, the spotlight on cryptocurrency policy is expected to be dim, despite rising calls for clarity from both candidates. A recent Benzinga poll highlights that only 6% of respondents are keen on hearing the candidates discuss digital assets, with economic issues, job … Read more
In January, Ethereum’s on-chain data revealed that stablecoin transaction volumes had reached an impressive $652 billion. This number has seen notable fluctuations throughout the year, with a significant peak in April when transaction volumes soared to $1.18 trillion. This surge highlights a growing interest and reliance on stablecoins within the decentralized finance (DeFi) sector. Among … Read more
South Korean Customs officials have reported a significant increase in drug smuggling activities, attributing the rise to the growing use of cryptocurrencies. In 2023, authorities seized 769 kilograms of drugs, marking an 18% increase from the 624 kilograms seized in 2022. The South Korean Customs Service believes that the surge in non-face-to-face transactions facilitated by … Read more
Andreessen Horowitz, widely known as a16z, has unveiled its second Crypto Startup Accelerator program (CSX), set to begin this week in New York City. This new cohort features 21 promising crypto startups selected from around the globe, each poised to benefit from a16z’s extensive expertise and resources. Over the next two months, these startups will … Read more
Charles Hoskinson, the founder of Cardano, has unveiled pivotal updates regarding the network’s next development phases and the Chang hard fork. His recent YouTube video outlined significant steps Cardano is taking toward enhanced governance and decentralization, coinciding with a notable uptick in ADA address activity. Cardano’s Upcoming Development Phases According to Hoskinson, Cardano is currently … Read more
Ethereum has recently achieved a significant milestone, marking a 4-month high in new wallet creation. On September 8, the network saw the creation of 126,210 new wallets, a notable surge on a typically quiet Sunday for crypto activity. This unexpected growth has generated considerable buzz in the cryptocurrency market. Ethereum’s Price Action: Recent Trends Ethereum’s … Read more
The cryptocurrency market is experiencing significant turbulence as Bitcoin (BTC) and Ethereum (ETH) linked exchange-traded funds (ETFs) report record outflows. This development is amplifying the already volatile market conditions and raising concerns among investors. Bitcoin ETFs Face Record Withdrawals On September 6, Bitcoin ETFs suffered a staggering $170 million in withdrawals, contributing to a total … Read more