Ethereum and Bitcoin users see soaring transaction fees, renewing scalability debate
A dramatic surge in gas fees for Ethereum and Bitcoin users has reignited the long-standing scalability debate in the crypto community. Transaction fees have skyrocketed, with some high-priority transactions reportedly exceeding $200. The surge has occurred over the past 24 hours, with users sharing screenshots of double and even triple-digit transaction fees. While Bitcoin users […]
UBS to offer wealthy clients in Hong Kong crypto Futures ETF trading
Swiss multinational investment bank UBS Group is set to allow select clients in Hong Kong to trade in cryptocurrency-linked exchange-traded funds (ETFs). The move matches its competitor HSBC (HKSE: 0005) in exploring the untapped market in the region. UBS’s affluent clients will have the opportunity to invest in three crypto futures ETFs on its platform. […]
Ethereum breaks resistance, soaring to 6-Month high after Blackrock ETF buzz
The price of Ethereum (ETH) has surged to a six-month high, breaking the $2,000 resistance and sparking speculation about the potential of a spot ETF filing from BlackRock. Ether experienced an 8% rally on November 9, with this increase being credited to news of BlackRock registering the iShares Ethereum Trust in Delaware. This news led […]
SHIB and DOGE lead in futures as Bitcoin rally fuels market optimism
Amidst a Bitcoin-fueled rally, meme cryptocurrencies SHIB and DOGE have surged to the top of the open futures rankings, signaling a market shift towards riskier assets. Since the beginning of November, open interest in SHIB futures has jumped by 23% to $61.74 million, outpacing all other major cryptocurrencies. DOGE futures also saw a significant 14.6% […]
Ethereum NFTs witness 2% spike after Yuga Labs marketplace news
Ethereum non-fungible tokens (NFTs) have seen a 2% increase in just 24 hours, following the announcement of a new marketplace by Yuga Labs. The surge comes after a period of decline in the Ethereum [ETH] NFT ecosystem. However, a recent announcement by Yuga Labs about the launch of a new Ethereum NFT marketplace, in partnership […]
Ethereum whale’s massive Binance withdrawal signals rising confidence
An Ethereum whale has reportedly made substantial withdrawals from a cryptocurrency exchange, causing a reduction in the supply of Ethereum (ETH). The move is considered a possible sign of growing confidence and increased whale activity. Lookonchain analytics revealed that an Ethereum whale has been actively moving ETH out of the Binance exchange. Data from Etherscan […]
Victor Wembanyama’s NBA NFT fetches record-breaking $110,000
An Ethereum NFT trading card portraying NBA rookie, Victor Wembanyama, has been sold for a staggering $110,000. This sale has outdone the previous record for one of Wembanyama’s physical trading cards. The single-edition “Unique” digital card was released by Sorare NBA, an officially licensed fantasy basketball game. The auction concluded with the card, featuring this […]
FTX transfers millions in cryptos to Coinbase as SBF testifies
Embattled crypto exchange, FTX, has transferred another batch of crypto assets, including Chainlink’s LINK and Polygon’s MATIC, worth millions to Coinbase Inc. as the company’s founder, Sam Bankman-Fried, takes the stand in court. The move took place Thursday afternoon, with blockchain data confirming that approximately $2.6 million in LINK and $1.3 million in Adventure Gold […]
Scammers use clone sites of Blockworks and Etherscan to deceive crypto users.
Phishing fraudsters have devised a new scam, creating sham duplicate sites of crypto media outlet Blockworks and Ethereum blockchain scanner Etherscan, to dupe crypto users into connecting their wallets to a crypto drainer. Their deceitful tactics are centred around a faux news of a $37 million Uniswap exploit. The counterfeit Blockworks site displays a forged […]
Ethereum Whale transfers $55M worth of ETH to Binance: a potential sell-off?
An Ethereum (ETH) whale recently transferred a whopping $55 million worth of cryptocurrency to Binance, sparking rumors of a potential sell-off. The whale transferred 30,710 ETH, valued around $54.9 million, to the crypto exchange Binance. This move comes after the whale had withdrawn 42,311 ETH from Binance, leaving many to wonder if it plans to […]