The Open Network (TON), originally forged within the ambitious realm of Telegram’s aspirations, has reached an unprecedented milestone of 100 million unique wallet addresses with non-zero balances. This achievement demonstrates a remarkable 95% growth in its user base since January 2023, when active users were a mere 4.3 million. The maturation of TON as a
Crypto
The cryptocurrency market is an arena of relentless volatility, where every moment can pivot in favor of either buyers or sellers. Recently, a series of market fluctuations have captured the attention of traders and investors alike. The aftermath of a bullish surge led to a notable correction, with most cryptocurrencies now reflecting a downward trend
The intersection of celebrity culture and cryptocurrency has been the breeding ground for both innovation and controversy. Recently, Cardi B, a prominent figure in the music industry, seemingly stepped into this tumultuous arena with the promotion of a meme coin named after her iconic track. However, as with many celebrity-endorsed cryptocurrencies, this instance has raised
In a significant move, Binance has announced that it will convert specific holdings of recently delisted cryptocurrencies into USDC by April 28, 2025. This decision affects several cryptocurrencies, including Tornado Cash (TORN), Vai (VAI), and others. The exchange has set a deadline of October 28, 2024, for withdrawals of these assets, forcing users to act
In the world of cryptocurrency, momentum can shift in an instant, and the recent journey of Shiba Inu (SHIB) exemplifies this volatility. Initially, the beginning of October posed challenges for SHIB, as it experienced a decline in value, following a promising rally late in September where its price surged considerably. This elevation propelled Shiba Inu
On October 7, 2023, Bitget’s BGB token faced an alarming 50% price drop in a matter of minutes, falling from $1.14 to just $0.64. This unexpected volatility caused significant concern among traders and investors, prompting an investigation into the underlying causes. The rapid fluctuations in cryptocurrency values often lead to a cascade of sell-offs, as
The world of football sponsorship is undergoing a radical transformation, particularly within the Premier League. As reported on September 7 by Bloomberg, Premier League teams have secured a record $170 million from cryptocurrency firms for the upcoming 2024/25 season. This surge represents a crucial pivot as clubs navigate increasing restrictions on traditional gambling sponsorships that
In a significant move that underscores the growing adoption of Bitcoin among institutional investors, Tokyo-listed company Metaplanet has recently bolstered its Bitcoin holdings by acquiring an additional 108.786 BTC for 1 billion yen, showcasing a clear bullish outlook on the digital asset. This latest purchase is valued at approximately $6.7 million, which adds to the
Wrapped Bitcoin (WBTC) has carved a significant niche for itself in the world of tokenized cryptocurrencies. Developed through a collaborative effort by BitGo, Kyber Network, and Ren, WBTC holds a unique position by representing Bitcoin at a 1:1 ratio on various blockchain networks such as Ethereum and Solana. This attribute allows cryptocurrency enthusiasts and investors
On October 2, 2023, Taiwan’s Financial Supervisory Commission (FSC) announced crucial updates to its Anti-Money Laundering (AML) regulations specifically targeting virtual asset service providers (VASPs). The primary aim of these changes is to enhance governmental oversight of the rapidly growing cryptocurrency sector, which has been under scrutiny due to increasing concerns about illegal financial activities.
The cybersecurity landscape in the third quarter of 2024 revealed a notable decline in hacking incidents, marking the lowest level of breaches recorded in the past three years. This quarter saw only 28 reported hacks, with a total of approximately $463.6 million stolen. This statistical reduction, however, belies a more complex and troubling narrative: a
The cryptocurrency market, particularly for Bitcoin and Ethereum Exchange-Traded Funds (ETFs), has encountered a turbulent week shaped by external factors such as the escalating geopolitical tensions in the Middle East. After an impressive surge, where Bitcoin ETFs enjoyed over $1.1 billion in net inflows over just five days, a dramatic turnaround occurred. This shift raises
OpenSea, once hailed as the leader in the non-fungible token (NFT) marketplace, now finds itself grappling with significant challenges that threaten its place in an evolving industry. The NFT sector flourished during the 2021 bull market, but as interest waned and engagement levels plummeted, OpenSea has become emblematic of a broader downturn affecting many digital
In a day marked by significant fluctuations, the cryptocurrency market showcased an encouraging rally, particularly led by Bitcoin’s performance. In the previous 24 hours, Bitcoin not only managed to recover from a dip but broke past the critical threshold of $62,000, trading at approximately $62,250 by day’s end. This surge indicates a resilient buyer sentiment,
