Tag: cryptocurrency

3,725 Ethereum burned worth $6 Million – here’s why?

On Tuesday, a significant amount of Ethereum (ETH) was burned, totaling 3,725.34 ETH worth $6,081,252. This burning process involves sending the coins to an unusable wallet, effectively removing them from circulation. The current value of Ethereum at the time of publication was $1,632.40. This event is noteworthy due to the implementation of an important upgrade […]

Genesis Global Capital sues parent company DCG and DCGI for Over $600M loans

Cryptocurrency lender Genesis Global Capital (GGC) has filed two lawsuits against its parent company Digital Currency Group (DCG) and an affiliate, DCG International Investments (DCIG). The lawsuits seek the repayment of overdue loans totaling over $600 million. GGC loaned DCIG over 18,000 BTC, which was partially repaid but still has an outstanding balance. GGC is […]

Crypto analyst predicts Dogecoin to surge over 170%: Is DOGE set to rise?

A well-known cryptocurrency analyst, Crypto Tony, has made a prediction regarding the price of Dogecoin ($DOGE), a meme-inspired cryptocurrency. According to Crypto Tony, based on recurring patterns on DOGE’s chart, the price of the cryptocurrency could surge by over 170% in the near future. The analyst shared a price chart with their followers, indicating that […]

Cathie Wood’s ARK Invest and 21Shares files for First Spot Ether ETF

ARK Invest, led by Cathie Wood, has filed for the first spot Ether ETF, along with asset managers 21Shares. This ETF would directly hold Ethereum (ETH), the second-largest cryptocurrency by market capitalization. The filing has been made with the U.S. Securities and Exchange Commission (SEC), marking the first attempt to list such a fund in […]

XRP soars to All-Time High in activity and utility amid SEC battle

Ripple’s XRP cryptocurrency has experienced a surge in activity and utility, reaching milestone highs in transaction volume in August. Data from blockchain analytics platform Santiment reveals that the on-chain transaction volume on the XRP network has hit an all-time high of 4.8 billion tokens, with circulation also reaching a record of 2.03 billion. These positive […]

Lyn Alden predicts Bitcoin’s market cap to soar with increased global adoption

Macro expert Lyn Alden believes that Bitcoin (BTC) has the potential to capture a much larger portion of global wealth in the future. In an interview, Alden suggests that individuals may want to allocate a higher percentage of their liquid net worth into a “self-custodial, globally portable” digital asset like Bitcoin. Currently, Bitcoin makes up […]

Ethereum Whales signal sell-off moved $486 Million worth of ETH to Coinbase

The recent bear market has caused fear among Ethereum investors, leading to high selling pressure and a drop in the price of ETH. Now, Ethereum whales are also joining in, as two transactions totaling 300,000 ETH were sent to centralized exchange Coinbase. This equates to $486 million worth of ETH being moved. Typically, coins being […]

Coinbase’s Base layer-2 network faces unexpected halt in block production 

Coinbase’s Ethereum layer-2 network, Base, experienced its first major outage since its launch on August 9. The block production on the Base chain abruptly halted for approximately 43 minutes on September 5, requiring developers to quickly implement a fix. The issue was identified by the developers at 9:36 pm UTC, and block production has now […]