Ethereum prices surge as whale swiftly snaps up 8,000 ETH: what’s next?
Following a spike in Ethereum’s price on August 29, a whale swiftly purchased 8,000 ETH at $1,709, spending $13.66 million USDC. ETH prices continue to rise, currently trading at around $1,740. The favorable appellate court ruling in the case involving Grayscale and the SEC has shifted trader sentiment and may lead to further gains for […]
Miami Mayor Francis Suarez a crypto-friendly candidate exits presidential race – now what?
Miami Mayor Francis Suarez, a crypto-friendly candidate running for president in the 2024 US election, has announced the suspension of his campaign. In a statement on social media, Suarez expressed gratitude for the opportunity to run for president but stated that he would support a strong nominee from the Republican Party instead. Despite his intentions […]
Why Dogecoin is up 4% today?
Elon Musk’s X company, formerly known as Twitter, has obtained licenses to conduct cryptocurrency transactions and process them in seven states, including Rhode Island. This development has raised expectations among Dogecoin (DOGE) enthusiasts, as Musk has shown favor towards the meme coin in the past. The DOGE army eagerly anticipates the integration of DOGE payments […]
Vitalik Buterin moved $6 million worth of ETH in a month – but why?
Vitalik Buterin, the co-founder of Ethereum, has transferred a total of 3,000 ETH (approximately $4.9 million) to a labeled address called Vb 2. This recent transaction increases the total value of ETH in that wallet to around 3,018 ETH, valued at $5 million. The reasons behind the transfer and the identity of the recipient remain […]
Bitcoin back in the COVID Era – know how?
The recent price movements of Bitcoin (BTC) have drawn comparisons to the volatile period during the COVID-19 pandemic. Analysts have noted similarities in Bitcoin’s consolidation during this cycle and that of the pandemic era. The taker buy/sell ratio, which indicates bullish or bearish sentiment, has spiked similarly to April 2023. However, the extensive involvement of […]
DYDX unleashes $14 Million token for community and traders
Decentralized exchange platform dYdX is unlocking $14.02 million worth of its native DYDX tokens to be distributed to its community treasury and as rewards for traders and liquidity providers. A total of 6.52 million tokens will be released, representing 3.76% of the DYDX circulating supply. The community treasury will receive 2.49 million tokens ($5.36 million), […]
DoorDash steps up the game with AI bot to elevate customer service and sales
DoorDash is launching an AI bot to handle customer takeout orders during peak times. The AI system will automatically answer incoming phone calls, relieving busy in-house staff at restaurants. This new AI-powered voice ordering system aims to address the issue of unanswered customer calls, which can result in substantial losses for restaurants. DoorDash will utilize […]
OnlyFan Invests $20 million in Ethereum but all in loss
OnlyFans’ parent company, Fenix International, has revealed that it purchased nearly $20 million worth of Ethereum (ETH) between 2021 and 2022. However, due to the decline in crypto asset prices, the value of its Ether holdings decreased by $8.5 million by November 2022. As of November 30, 2022, the carrying amount of Fenix International’s ETH […]
Ethereum records lowest transaction for the first time in 8 months — thanks to bear market?
Ethereum’s daily transaction fees have dropped to their lowest point in eight months, reaching 1,719 ETH ($2.8 million) on Sunday. This represents a significant decline from the year-to-date high of 16,720 ETH observed on May 5. The decrease in fees indicates lower network usage, with fees being determined by the level of activity and number […]
Shiba Inu takes hit after Shibarium bridge restart — what’s happening?
The value of Shiba Inu tokens has seen a decline as the Shibarium mainnet bridge restarts operations. The Shibarium team reported that withdrawals from the bridge would experience longer processing times. According to an update from lead developer Shytoshi Kusama, the bridge is now functioning optimally, but digital assets such as SHIB, Leash, WETH, and […]