Pi Network is a cryptocurrency project that was introduced in 2019 with the goal of allowing users to mine and earn digital assets on their mobile devices. Unlike traditional mining methods that consume a large amount of electricity, Pi Network aims to be energy-efficient by utilizing the Stellar Consensus Protocol (SCP) as its consensus algorithm,
Crypto
Bitcoin, the leading cryptocurrency, has had quite the rollercoaster ride over the past week. After a significant drop in price, bitcoin rebounded and surged to a weekly high of nearly $62,000. This sudden increase was accompanied by gains in other major altcoins such as TRX, TON, LINK, UNI, and MATIC. The volatility of bitcoin is
Base, the Ethereum Layer 2 network incubated by Coinbase, has been making significant strides in the Layer 2 network landscape. Recent data from IntoTheBlock has revealed that Base now has nearly 40% more daily active addresses compared to its competitors Arbitrum and Optimism. This growth signifies Base’s increasing dominance in the Layer 2 space and
Recent analysis by Willy Woo has highlighted the bearish trend in Bitcoin inventory on exchanges, attributing it to an influx of around 100,000 BTC from government sales and Mt. Gox distributions. Speculation in the market has led to the creation of paper Bitcoin, referring to derivatives that do not involve direct ownership of the asset.
A new malicious browser extension known as the “Bull Checker” has recently emerged, targeting Solana users on Reddit under the guise of a meme coin tracker. This insidious extension has managed to elude detection systems and has already caused significant financial losses for Solana users by draining their wallets. Reports from Jupiter’s founder, Meow, indicate
In a bold move to set the stage for long-term growth, Tokyo’s Metaplanet investment firm recently announced the acquisition of an additional 57.273 BTC. This significant purchase, valued at approximately 500 million yen or $3.4 million, comes amidst a current market lull. The firm’s strategy, unveiled on August 8, included the acquisition of a 1
The recent choppy consolidation in bitcoin’s price action may have caused concern among many market players, but there is a group of holders who are seizing the opportunity to increase their holdings. Bitcoin whales, specifically those holding between 100 and 1,000 BTC, have been significantly adding to their positions. According to Santiment, these whales have
The United States spot Bitcoin exchange-traded fund (ETF) market experienced a decrease in daily trading volume to $779.87 million on Monday. This decline marks the third lowest trading volume after the records set on February 5th and 6th, which were $649.17 million and $692.11 million, respectively. Despite an inflow of $61.98 million into the spot
The world of cryptocurrency has once again been shaken up by the surge of meme coins, particularly those with cat and dog themes. These meme coins have collectively pushed the sector’s market cap above $40 billion, showcasing the significant influence of these digital assets in the market. Popular cat-themed meme coins like Popcat (POPCAT), Mog
The recently published 2024 Party Platform by the Democratic National Committee has brought some eyebrows and raised concerns within the crypto community. This ninety-two-page document, which outlines the party’s future political priorities leading up to the next election, has completely left out any mention of Bitcoin, crypto, or blockchain technologies. This omission has not gone
