Shiba Inu, a popular meme coin, recently saw a significant increase in its burn rate, with a whopping 450% surge in the past 24 hours. This surge resulted in nearly 50 million tokens being sent to a null address. While the USD equivalent of this may seem insignificant, the continuous efforts to reduce the circulating
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As per Crypto analyst Rekt Capital, Bitcoin might not be fully prepared for its next significant uptrend. The analyst indicated that Bitcoin is still testing the waters around the $65,000 level, which needs to be established as a new support level. Rekt Capital emphasized the importance of a successful retest similar to the one seen
Ethereum co-founder Vitalik Buterin recently issued a cautionary statement against aligning political support solely with a candidate’s pro-crypto stance. He highlighted the broader values of individual freedoms and technological advancement that should be considered when evaluating political figures. Buterin argued that focusing solely on cryptocurrency could potentially undermine the fundamental principles that guided the industry’s
BlockFi, a bankrupt crypto lender, has announced a significant step in its journey towards repaying its clients. The first interim distribution of funds will be facilitated through Coinbase, starting this month. This interim distribution is set to begin in July and will be processed in batches in the coming months. Eligible clients will be notified
The recent release of the final disclosure framework by the Basel Committee on Banking Supervision signifies a significant step towards enhancing transparency and regulatory standards in the field of digital assets. This framework, known as DIS55, requires banks to provide detailed information on their crypto activities through standardized tables and templates. By mandating banks to
Stardust, a Web3 gaming infrastructure company, has just introduced Starbase, a revolutionary platform that combines both consumer rewards and social gaming in a seamless manner. This cutting-edge platform brings together player rewards and social gaming in one cohesive space, offering a wide range of missions and challenges to cater to gamers of all levels –
DeFi Technologies, a Canadian fintech company, has been making significant moves in the cryptocurrency space recently. The company has acquired a large batch of Bitcoin (BTC) to add to its balance sheet, following its decision to make the asset a core part of its treasury strategy last month. In addition to the 110 BTC it
In a surprising move, the German government recently made headlines by selling off all of its Bitcoin holdings within a mere two-week period. This rapid sell-off was explained as being related to the “movie2k” complex, where the government seized 50,000 BTC from a notorious movie piracy website. The sale proceeds amounted to a staggering €2.63
Crypto exchange OKX recently announced its decision to select Malta as its Market in Crypto-Assets (MiCA) hub. This move is aimed at serving the 450 million EU residents by offering services in compliance with local regulations. OKX highlighted that this strategic x move will enable them to provide spot trading, including EUR and USDC pairs,
Recently, the blockchain security firm Cyvers Alert made a shocking revelation regarding the Indian exchange WazirX. According to their findings, WazirX was exploited for approximately $235 million. This exploitation involved suspicious transactions from WazirX’s Safe Multisig wallet on the ETH network, totaling $234.9 million. The caller of each transaction was funded by Tornado Cash, raising
