The adoption of ERC-4437, the Ethereum account abstraction standard, has not been as revolutionary as initially anticipated. John Rising, a proponent of account abstraction, recently shared alarming statistics that highlight the lackluster adoption of this technology. Rising’s data reveals a substantial decline in users, low transaction activity, and unfavorable operational costs for infrastructure providers. This
The memecoin linked to Elon Musk’s artificial intelligence project “Grok” has experienced a devastating blow to its price, plummeting over 70%. This drastic decline was triggered by blockchain investigator ZachXBT, who revealed that the token’s social media account had been repurposed from a previous scam token project. Through a series of screenshots shared on Nov.
The recent cyberattack targeting Coin Cloud, a now-defunct Bitcoin ATM company, has raised serious concerns about the physical safety and well-being of its users. An anonymous hacking group claims to have successfully infiltrated the personal information of 300,000 Coin Cloud customers. The compromised data includes critical details such as social security numbers, dates of birth,
Ethereum (ETH), the second-largest cryptocurrency in the world, has been experiencing a remarkable surge in its price over the past month. This recent bullish rush in the crypto market, coupled with the involvement of BlackRock, one of the largest asset management firms, has propelled ETH to reach its highest point so far this year, soaring
The world of gaming is rapidly evolving, and the Asia Pacific (APAC) region is at the forefront of this revolution. APAC boasts the largest number of game developers, accounting for approximately 40% of the global total. This region has become the epicenter of the Web3 gaming movement, with countries like South Korea, the United States,
The United States Securities and Exchange Commission (SEC) is currently weighing the approval of 12 spot Bitcoin exchange-traded fund (ETF) applications. It is reported that the SEC has a “window” to approve these applications starting from November 9th. This includes the conversion of Grayscale Investments’ Grayscale Bitcoin Trust product. However, even if the SEC were
In a shocking turn of events, BitgetX, the Hong Kong division of Bitget, has made the decision to not apply for a Virtual Asset Trading Platform (VATP) license in Hong Kong, despite having operated in the region for the past seven months. The exchange, in a statement released on November 13, revealed that it will
The recent rejection of NEO price from a significant resistance level has caused panic among NEO bag-holders. After a strong rally fueled by the announcement of censorship resistant sidechains on the NEO network, NEO price and GAS, its associated token, have begun a retracement move. Despite this dip, market sentiment remains bullish, and NEO price
The cryptocurrency market has experienced significant fluctuations in recent weeks, with Bitcoin, Ripple, and Solana showcasing notable price increases. These developments have sparked optimism among investors and experts, who envision a potential bull run on the horizon. In this article, we will delve into the recent price movements of these cryptocurrencies and examine the factors
A mysterious wallet emerged from the shadows, orchestrating a significant transfer of 17,895,970 MATIC tokens, equivalent to an astonishing $14.7 million. This unexpected event sent shockwaves through the digital landscape, catching the attention of investors and enthusiasts alike. The surge in transaction volume has propelled the price of MATIC above the $0.80 mark, a level
