53% Decline in Profit for Ethereum (ETH) Addresses

Glassnode analysis reveals that Ethereum addresses in profit have declined to 53.5% due to Ether’s recent 13% price drop, with potential for profit fluctuations pending significant market events. Key Points A recent analysis by blockchain intelligence platform Glassnode reveals that the percentage of Ethereum addresses currently in profit has decreased to approximately 53.5%. This decrease is primarily attributed to the …

Continue Reading

New Liquid Staking Module and Dashboard Features Added by Cosmos Hub

Cosmos (ATOM) Hub’s v12 upgrade introduces Liquid Staking Module, allowing ATOM token holders to skip the 21-day unbonding period, enhancing the DeFi ecosystem. Key Points Cosmos (ATOM) Hub, an integral blockchain within the Cosmos Network, has announced the successful completion of its v12 upgrade. This upgrade introduces the Liquid Staking Module (LSM), allowing ATOM token holders to bypass the previously …

Continue Reading

Are Oil and Gas Commodities?

When delving into the intricate world of financial markets, one often encounters the term “commodities.” These are the raw materials and primary agricultural products that fuel economies and shape industries. But do oil and gas fall under the umbrella of commodities? In this exploration, we’ll unravel the nature of oil and gas as commodities, dissect the dynamics of the commodity …

Continue Reading

Misconfiguration Causes Failure of Ethereum’s Holesky Testnet Launch

The launch of Ethereum’s Holesky testnet, intended to be the largest ever, was delayed due to a parameter mismatch, highlighting the importance of robust testing for scalability improvements. Key Points The Ethereum community had been buzzing with anticipation over the launch of the Holesky testnet, planned to be the largest test network ever on the Ethereum blockchain. The launch was …

Continue Reading

Solana’s NFT Marketplace Outperforms the Entire Ethereum NFT Industry

Solana’s top NFT platform is approaching the daily trader volume of all Ethereum-based NFT platforms combined, benefiting from its fast blockchain speed and low transaction fees. Key Points Solana’s leading NFT marketplace is making waves in the crypto world, boasting nearly as many daily traders as all Ethereum-based NFT platforms combined. This impressive feat is a testament to the unique …

Continue Reading

Binance US Infrastructure Access Denied by SEC

A federal judge has denied the U.S. SEC’s request to inspect the technological infrastructure of Binance US, which has implications for cryptocurrency regulation. Key Points In a notable development, a federal judge has denied the SEC’s request to inspect the technological infrastructure of Binance US. This decision hampers the agency’s efforts to ensure compliance with existing securities laws by cryptocurrency …

Continue Reading

Stanford University Announces Plans to Return Millions Acquired from FTX

Stanford University has decided to return a substantial donation from cryptocurrency exchange, FTX, due to arising ethical concerns related to the source of the funds. Key Points Stanford University, known for its academic excellence and cutting-edge research, has made a bold move by deciding to return a significant donation received from cryptocurrency exchange, FTX. The decision was prompted by concerns …

Continue Reading

Hong Kong Regulator to Escalate Action Against Unregistered Crypto Platforms Amid JPEX Scandal

Hong Kong’s SFC is cracking down on unregistered crypto platforms post-JPEX scandal, listing licensed and suspicious platforms, enhancing regulatory enforcement. Highlights: In response to the ongoing scandal surrounding the JPEX crypto exchange, the Securities and Futures Commission (SFC) of Hong Kong is firming up its stance against unregulated cryptocurrency trading platforms operating within its jurisdiction. JUST IN: Hong Kong to …

Continue Reading

HSBC Bank Users Gain Access to SHIB and XRP Payments Through New Partnership

HSBC partners with FCF Pay, enabling customers to pay mortgages and loans with cryptocurrencies like SHIB and XRP, signifying growing crypto adoption. Key Points Blockchain payment system, FCF Pay, has announced a groundbreaking partnership enabling customers of HSBC, one of the largest global banking and financial service firms, to pay their mortgages and loans using cryptocurrencies. This partnership allows the …

Continue Reading