Crypto aid Israel raises $185K in just 10 days to support humanitarian efforts
Crypto Aid Israel, a collective of Israeli Web3 community members and global companies, has amassed over $185,000 in less than two weeks. The funds raised have been distributed among several aid organizations. The group was formed to alleviate suffering in southern Israel. To date, two rounds of aid distribution have been conducted, dispensing approximately 200,000 […]
Shibarium community burns 97M Shiba Inu tokens; no impact on SHIB supply
Shiba Inu’s Layer-2 network, Shibarium, recently witnessed the burning of 97 million SHIB tokens. However, this event did not affect the total supply of SHIB. The inaugural token burn on Shibarium was carried out by Shib CoOp, a metaverse real estate project managed by the community. This marked a significant milestone for the network and […]
Vitalik Buterin declares no Ethereum (ETH) sales since 2018 amid rumors
Ethereum co-founder Vitalik Buterin has dispelled recent speculations by stating he hasn’t sold any Ethereum (ETH) since 2018. His statement follows recent rumors that he had been offloading millions of dollars worth of the digital asset. Buterin clarified that the recent transfers observed were associated with donations and charity projects, not personal gains. Buterin, a […]
Ethereum whales hold 32% of supply despite selling trend
Whale investors, those holding over 1 million Ethereum (ETH), now own around 32.2% of the cryptocurrency’s total supply, a figure not seen since 2016, according to on-chain analytics provider Santiment. Santiment revealed that this concentration of ETH in the hands of whales has reached its highest level in over seven years. The report also highlighted […]
Ethereum-based Tellor tributes from a 700% surge to a potential downturn
An Ethereum-based altcoin, Tellor Tributes (TRB), which has seen a dramatic 700% surge in the past two months, is now set for a significant downturn, says a prominent crypto analyst. According to pseudonymous analyst Altcoin Sherpa suggests that TRB, which escalated from a low of $9.11 in mid-August to a peak of $79 last week, […]
Reddit discontinues community points tokens, triggering crypto dump
Reddit has decided to phase out its cryptocurrency-based “Community Points” reward tokens, leading to a sharp sell-off among holders. The tokens were initially introduced three years ago to incentivize high-quality contributions on the platform. According to TechCrunch, Reddit plans to completely discontinue them by November 8. Initially minted on the Ethereum network, Reddit’s Community Points […]
Fantom foundation suffers $657K loss in crypto heist
Foundation wallets of the Fantom blockchain have been relieved of $657K in both Ethereum and Fantom, marking a concerning security breach. According to blockchain security analyst Certik discovered the security exploit. The Fantom wallet (FTM) lost $470,000, and $187,000 was drained from Ethereum. The FTM price took a hit following this event, falling 4.8% to […]
Uniswap labs introduces 0.15% fee on certain crypto swaps
Uniswap Labs, a central player in the construction of decentralized crypto exchange Uniswap, is set to impose a 0.15% fee on trades involving specific tokens starting Tuesday. The fee will be enforced on trades executed via Uniswap Labs’ front end. It will apply to swaps that involve at least two of these tokens: ETH, USDC, […]
Ferrari breaks new ground by accepting Bitcoin and Ethereum for luxury cars
Italian luxury car manufacturer Ferrari now accepts Bitcoin, Ethereum (ETH), and the USDC stablecoin for their high-end sports cars in the United States. The decision comes as the company aims to attract a new generation of customers. Ferrari has teamed up with crypto-payment processor BitPay to facilitate the conversion of digital asset payments into fiat […]
Despite bearish trend, could Ethereum be gearing up for a comeback?
Following a 5% weekly drop, Ethereum (ETH) has been caught in a bearish trend. However, some analysts believe its current overselling could set the stage for a potential rebound. Ethereum’s price slid by 0.5% to $1,550 in 24 hours, marking an 8% decrease over the last two weeks and a 2% dip in the past […]