Ethereum, the second-largest cryptocurrency by market capitalization, has experienced a stagnant number of active ERC-20 addresses in 2023. Despite fluctuations in Ethereum’s price, the activity has remained relatively low, indicating a potential shift from bullish to bearish in the medium term. As of August 2, there were approximately 275,000 active ERC-20 addresses, showing minimal change
The recent decline in the price of Aave’s governance token, AAVE, has raised questions among investors about the future prospects of the decentralized finance (DeFi) sector. Between July 30 and August 1, the token experienced a 17% decline, reaching the $62 level. Although the token has managed to hold the $62 support level, the current
In the world of digital currency, crypto signals serve as road signs for investors, guiding them on when to buy or sell cryptocurrencies. However, not all platforms offering these signals are reliable, leading to significant financial losses for unsuspecting traders. For those seeking secure and informed decisions in cryptocurrency trading, a trustworthy platform that provides
GameStop, the renowned American gaming merchandise retailer, has recently announced its decision to remove its cryptocurrency wallets from the market starting from November 1, 2023. This move comes after the company had introduced these features in the spring of the previous year, allowing users to manage digital assets and non-fungible tokens (NFTs). In an official
NFTs, a unique form of digital assets, are revolutionizing industries worldwide, and the sports industry is no exception. This article delves into the transformative power of NFTs, exploring their potential to reshape fan engagement and collectibles in the realm of sports. Redefining Sports Memorabilia The advent of NFTs signifies a monumental shift in the world
In a recent statement shared on Kenya’s Ministry of the Interior official Facebook page, it was announced that the Kenyan Government has suspended the activity of Worldcoin, the digital identity crypto project. This comes as a response to concerns regarding the project’s collection of biometric data, specifically, iris and eyeball data. The Capital Markets Authority
Coinbase is set to integrate the Bitcoin Lightning Network (LN) into its platform, according to the exchange’s CEO, Brian Armstrong. This move comes as part of Coinbase’s efforts to drive cryptocurrency payments worldwide. By implementing LN, Coinbase aims to improve the user experience, solve scalability issues, and potentially increase the adoption of Bitcoin. The LN
OpenChat, a blockchain-based chat app powered by the Internet Computer (ICP) network, has recently introduced a groundbreaking feature called “Communities.” This latest addition aims to transform the way users interact and create groups within the app. While OpenChat was initially used by crypto enthusiasts for instant messaging, users began expressing a desire for the formation
Miami mayor Francis Suarez recently found himself embroiled in controversy when it was revealed that his presidential campaign received a massive $500,000 donation from PassionForest, LLC, a crypto firm. The donation, made on October 28, 2022, attracted the attention of the Campaign Legal Center, which filed a complaint on July 25, 2023, alleging that PassionForest
The Internal Revenue Service (IRS) has recently made a ruling regarding the inclusion of staking rewards in the gross income of U.S. cryptocurrency investors. This ruling is significant as it considers crypto assets as property for federal income tax purposes. In this article, we will delve into the details of this ruling, its implications for
