Uniswap expands DeFi reach with Android Ethereum wallet launch
Decentralized finance (DeFi) platform, Uniswap, has introduced its mobile Ethereum wallet for Android, following its iOS release several months ago. The wallet is currently in its beta testing phase, with the broader user community invited to participate in its refinement. Uniswap’s Twitter indicates an existing waitlist of 35,000 users. As part of this launch, Uniswap […]
NFTs show signs of revival despite bearish market sentiment
Despite the prevailing sentiment that Non-Fungible Tokens (NFTs) are dead due to the ongoing “NFT Winter,” there are glimmers of revival within the sector. The NFT market, although sluggish, shows signs of life. The report states that while NFT trading volumes have drastically reduced, from around $1 billion a week in mid-2021 to early-2022, to […]
Bitcoin whales stand steady amid Ethereum sell-off
In a recent analysis, it was observed that ‘Ethereum whales’ are rapidly selling their holdings, unlike their Bitcoin counterparts. This news comes despite both cryptocurrencies trading in the red. As per the report by crypto analyst sunnydecree on Tuesday, large Ethereum holders are seen aggressively offloading their ETH piles, a situation not mirrored by Bitcoin […]
Shiba Inu’s Shibarium sees new account surge by 222% despite price struggles
In a recent development, Shiba Inu’s (SHIB) Shibarium layer-2 network has experienced a notable uptick in new accounts, despite the cryptocurrency’s ongoing price struggles. As per data on Shibarium, active Shibarium accounts have risen by 55.35% while new accounts have soared by around 222%. This surge translates to around 116 new accounts being created daily, […]
Dormant Bitcoin wallet springs back to life, records $80 Million profit
A Bitcoin (BTC) wallet that has been inactive for six years reportedly woke up and recorded an astonishing $82.3 million profit. The crypto analysis firm PeckShield revealed this surprising development. The revived wallet currently holds 2995.11 BTC acquired back on May 7, 2016 when the cryptocurrency’s price was around $459 per coin. The initial investment […]
ARK invest enhances its spot Bitcoin ETF proposal, as response to SEC’s red flags
Investment management firm ARK Invest has refined its proposal for a spot Bitcoin ETF, responding to the U.S. Securities and Exchange Commission’s (SEC) criticisms. According to Bloomberg ETF analyst Eric Balchunas, the updated proposal includes details on Coinbase’s custodial practices, stating that the ETF’s assets are stored in separate addresses on the Bitcoin blockchain. The […]
Is buying the Dogecoin’s dip worth the risk?
Despite the current unprofitable position of Dogecoin (DOGE), some investors are considering buying the dip. However, this strategy carries significant risks. According to a recent study by IntoTheBlock, the number of active transactions involving Dogecoin has greatly diminished over the past four months. In June, DOGE averaged over 2.1 million daily transactions, a figure that […]
Bitcoin’s hash rate to drop by 20% post halving in 2024, predicts JPMorgan
In a recent report, JPMorgan forecasted a 20% drop in the Bitcoin Network Hash Rate following the Bitcoin halving slated for April 2024. According to the report, released, it states, “We estimate as much as 80 EH/s (or 20% of the network hashrate) could be removed at the next halving (April ‘24) as less-efficient hardware […]
JPMorgan rolls out blockchain settlement system for Blackrock and Barclays
In a significant development, JPMorgan Chase & Co. (NYSE: JPM) has launched its inaugural blockchain collateral settlement system. The new system was unveiled via the Tokenized Collateral Network (TCN), which was employed by BlackRock to tokenize shares in one of its money market funds. Subsequently, these tokens were transferred to Barclays Plc for use as […]
Crypto market bleeds $40B in days meanwhile Bitcoin sinks to $27,000
The cryptocurrency market has reportedly lost a staggering $40B in a matter of days, with Bitcoin’s price dwindling to $27,000. Altcoins have also experienced significant setbacks. ATOM has seen the largest fall over the past 24 hours. Bitcoin has followed suit with a 2% drop to $27,000, after having resisted the market-wide price drops for […]