The highly anticipated Dencun upgrade for the Ethereum (ETH) ecosystem is set to revolutionize the Layer 2 (L2) networks by introducing significant cost reductions and notable changes. Scheduled for March 13, this update will bring a new data storage system called blobs. This innovative approach aims to reduce congestion in the Ethereum network and unlock
Tether, a stablecoin issuer, recently worked closely with the US Department of Justice and the FBI to seize $1.4 million USDT linked to a tech support scam network. The scam targeted vulnerable elderly individuals through deceptive pop-up ads, tricking them into thinking their devices had been compromised. Victims were then coerced into transferring their funds
The world of Bitcoin mining has experienced a significant milestone with earnings reaching an all-time high. According to CryptoQuant, miners have earned a staggering $78.6 million in daily revenue on March 7. This surpasses the previous record set during the height of the crypto boom in April 2021. The surge in earnings can be attributed
In the fast-paced world of cryptocurrency, a new player has emerged that is catching the attention of analysts and investors alike. Scotty the AI (SCOTTY) is not just any ordinary coin, it is a unique blend of meme culture and advanced blockchain technology. With its AI-powered threat detection system and cute Scottish Terrier persona, Scotty
Bitcoin’s recent rally to a new all-time high above $70,000 has caught the attention of many experts in the cryptocurrency space. The leading crypto asset is believed to still be in its early stages, with significant room for growth according to most analysts. Drawing from historical patterns and recent market behavior, it has been observed
The Nigerian government recently made headlines by obtaining a court warrant to detain Binance officials for a minimum of twelve days. This move came after the officials insisted on being taken to their respective countries’ embassies, further escalating the situation. The government’s accusations against Binance include aggravating the country’s foreign exchange challenges by manipulating rates
Litecoin (LTC) has experienced a 1% gain in the past 24 hours, reaching a price of $96.44. This represents a significant 21% increase in value over the past week. Additionally, LTC has seen a 33% gain in the last 30 days, although its growth over the past year has been relatively modest at 40%. This
Near Protocol has seen a significant rise of 3% in the past 24 hours, with an impressive 63% gain in a week and a remarkable 127% surge in the last 30 days. Despite the bullishness across the board in the current market, Near Protocol has also risen due to more fundamental reasons. The Proof of
The relationship between Coinbase and the Securities and Exchange Commission (SEC) has hit a roadblock, with Coinbase strongly criticizing the SEC’s rejection of its rulemaking petition as “arbitrary and capricious.” This critique was put forth in a petition filed by Coinbase before the US Court of Appeals for the Third Circuit on Mar. 11. The
The recent surge in interest and adoption of spot Bitcoin Exchange-Traded Funds (ETFs) is a clear indication of the growing mainstream acceptance of cryptocurrency investments. Matt Hougan, the Chief Investment Officer of Bitwise Asset Management, discussed the significant influx of approximately $20 billion into the market following the launch of 10 new spot Bitcoin ETFs.
