Since the Merge, Ethereum has undergone significant changes, starting with the implementation of the London hard fork. One key development introduced by this upgrade is the fee-burning mechanism. Under this mechanism, transaction base fees are burned immediately after a transaction is processed. This move was aimed at making Ether deflationary, as it permanently removes some
Bitcoin
Despite the recent downturn in the cryptocurrency market, US-based trading platform Robinhood has made a bold move by significantly increasing its Shiba Inu (SHIB) token holdings. This article will explore Robinhood’s decision and its potential implications amidst the ongoing market fluctuations. On August 30, it was revealed that Robinhood had become the fifth-largest holder of
In the midst of increasing regulatory scrutiny, Binance.US, the American affiliate of cryptocurrency giant Binance, finds itself entangled in a storm of legal challenges and a wave of executive departures. As the company grapples with these issues, it faces significant hurdles in maintaining its operations and rebuilding trust among regulators, investors, and users. The departure
In a recent court filing, FTX, the crypto exchange currently navigating bankruptcy, has made significant changes to its proposal regarding the sale of its Bitcoin and crypto holdings. These adjustments come as a response to concerns raised by the US Trustee, the bankruptcy branch of the Department of Justice. FTX’s initial proposal, which will be
In an interview with CNBC on Monday, David Marcus, former President of Paypal and Head of Facebook Payments, expressed his belief that Bitcoin (BTC) is the universal protocol for money on the internet. He emphasized Bitcoin’s significance as the flagship cryptocurrency and its core value as a payment solution while discussing its potential as a
Bitcoin, the world’s most valuable cryptocurrency, has been experiencing a downward trajectory, according to Benjamin Cowen, an analyst and founder of Into The Cryptoverse. With the coin’s performance over the years as a reference point, Cowen predicts a bleak future for Bitcoin in the coming month of September. In this article, we will delve into
Mirae Asset Securities, one of the major finance powerhouses in Korea, has recently partnered with Polygon, a popular blockchain network. This collaboration has sparked curiosity about how it will affect the price of Polygon’s native cryptocurrency, MATIC. With Mirae Asset Securities’ extensive influence and Polygon’s innovative blockchain technology, the partnership holds the potential to drive
As the market sentiment surrounding Ethereum (ETH) remains tense, investors are growing wary of the potential for further price erosion and the need for a recovery. The second-largest cryptocurrency has faced turbulent weeks, with its price oscillating around the $1,626 support level, offering a glimmer of hope for bulls. However, in order to regain lost
Following the FTX crash in November 2022, the exchange’s wallets still contained a significant amount of crypto worth billions of dollars. These tokens remained untouched for a long time due to the ongoing legal battle between the exchange and its creditors. However, recent activities indicate that a large portion of these tokens are now being
The once vibrant and exciting crypto market has recently lost its luster, leaving investors and enthusiasts concerned about its future. Bitcoin, the flagship cryptocurrency, has been struggling to stay afloat, and this struggle is reflected in the dwindling trading volume of bitcoin futures. According to data from Glassnode, bitcoin futures open interest has dropped to
