Category Archive: Cryptocurrency, No picture
Meme coins dominate altcoin leverage, Kaiko reports
Pepecoin (PEPE) and Dogwifhat (WIF) have emerged as the leaders in leverage usage within the altcoin sector, a recent report by Kaiko shows. The open interest to market cap ratio, a key indicator of leverage, shows that these meme coins have ratios twice that of other altcoins. This suggests that price discovery for these tokens […]
Country meme coins rally up to 74,000% ahead of Paris Olympics
A new niche spawned among meme coin traders recently: country coins. In anticipation of the Olympic Games set to happen in Paris in July, investors are betting that the event will boost the prices of different tokens with the names of countries.A dashboard created by the X user identified as The Nouner is tracking 47 […]
Jack Dorsey parts ways with Bluesky, leaves board of directors
Jack Dorsey’s journey with Bluesky has come to an end. The team behind the social network announced in a Bluesky post today that Dorsey is no longer on the board of directors. At the moment of this report, no public rationale has been offered by either Dorsey or Bluesky for the departure. “We sincerely thank […]
MetaMask introduces Smart Transactions to address MEV front-running
MetaMask has launched a new “Smart Transactions” feature to help users address the negative effects of front-running on the Ethereum network.The feature allows users to submit transactions to a “virtual mempool” before they are finalized on-chain. This virtual mempool will protect against certain MEV strategies and run simulations to help users obtain lower transaction fees.MEV […]
Hermetica Labs launches USDh, the first Bitcoin-native synthetic USD
Hermetica Labs, a decentralized finance protocol built on top of Bitcoin, has launched USDh, the first-ever Bitcoin-native synthetic US dollar. The new offering allows users to gain yields of up to 25% with zero exposure to traditional finance. Introducing USDh 🎉 The first Bitcoin-backed, yield-bearing synthetic dollar. 🔸 Backed by #Bitcoin – not banks🔸 Earn […]
Visa study reveals 90% of stablecoin transactions are done by bots and large-scale traders
A recent study conducted by Visa and Allium Labs suggests that the vast majority of stablecoin transactions are initiated by bots and large-scale traders, not genuine users.The dashboard, designed to isolate transactions made by real people, found that out of approximately $2.2 trillion in total stablecoin transactions in April, only $149 billion originated from “organic […]
Bitcoin’s blockchain has processed 1 billion transactions, 15 years after its creation
The Bitcoin network has achieved a significant milestone today by processing its one billionth transaction, marking a momentous occasion in the cryptocurrency’s roughly 15-year history.The milestone was reached on May 5, 2023, at 9:34 pm UTC, when transaction #1,000,000,000 was mined into block 842,241.This landmark event comes 15 years, four months, and four days after […]
Token distribution tactics should focus on real value, not hype, says Uniswap founder
While initial interest in blockchain projects might be sparked by marketing strategies like airdrops, what truly matters is what keeps users engaged with the project in the long run. Uniswap founder Hayden Adams shared his opinion on good token distribution, suggesting that token marketing should focus on providing real value, rather than merely building hype. […]
Bitfinex CTO denies new allegations of user data hack, assures funds are secure
Bitfinex has been thrust into the spotlight recently after a ransomware group, named “FSOCIETY,” claimed to have gained access to 2.5TB of the exchange’s data and the personal details of 400,000 users. In response to the allegations, Bitfinex CTO Paolo Ardoino clarified that the claims of a database hack appear to be “fake” and assured […]
Crypto startups see rapid growth through ‘fluid valuations’ and decentralized cap tables — Bloomberg
Cryptocurrency startups are increasingly adopting an aggressive form of fundraising known as open-ended or rolling funding rounds.This approach allows startups to continuously raise capital and rapidly boost their valuations, in contrast to the traditional venture capital model of discrete funding rounds spaced over several years.According to a report from Bloomberg, the rise of open-ended funding […]
