Author: Roland Guirdonan

Article written by Roland Guirdonan

Shiba Inu releases ShibTorch, a gateway for automated burning of SHIB

August 17, 2024 1 min read

Shiba Inu, a crypto known for its meme status, has introduced ShibTorch, a platform that enables the automated destruction of SHIB tokens. The ecosystem developers have made a long-term commitment to ShibTorch but have not disclosed the name or debut date to the community. ShibTorch places high importance on incinerating its excess inventory in order to uphold its status as one of the top meme coins. The team established three

Analysts predict Solana breakout that could drive its price to $500

August 16, 2024 1 min read

Although the crypto market is seeing a decline, there is a growing sense of optimism surrounding Solana (SOL). Curbo, a market strategist and trader, has identified Solana’s upcoming price goals as $400 and $500. Curbo has expressed strong confidence in Solana’s long-term potential. He has the belief that Solana must break out of its current consolidation phase to attain these objectives. Curbo says that if SOL can successfully surpass this

Bitcoin ETFs record $81 million outflow as BTC drops to $58K

August 15, 2024 1 min read

Bitcoin (BTC) witnessed a 4% decline throughout the last 24 hours, currently trading close to the $58,000 mark. The decrease was mostly attributed to the publication of the most recent July U.S. consumer price index (CPI) data, which exhibited a 2.9% year-on-year growth, representing the first instance since 2021 that it has dropped below the 3% threshold. Although the NASDAQ and S&P 500 closed with gains, BTC continued to decline

Binance is now fully available for Indian users

August 15, 2024 1 min read

After paying a $2.25 million fine earlier in the year, crypto exchange Binance has registered as a reporting company with India’s Financial Intelligence Unit (FIU). As an “important milestone” for the exchange, the registration enables Binance CEO Richard Teng to customize its services for users in India. The exchange’s dedication to strict regulation is demonstrated by the fact that its website and app are now completely accessible to Indian users.

MetaMask launches a blockchain-based debit card developed with Mastercard

August 14, 2024 1 min read

MetaMask, a self-custodial crypto wallet for the Ethereum network, is launching a blockchain-based debit card developed with Mastercard and crypto payments specialist Baanx. The card will initially be available in a limited pilot of a few thousand digital-only cards to European Union and UK users. The company plans broader distribution later this year, with a full rollout in the EU and UK and more pilot launches in other regions. The

Ethereum (ETH) rises over 5% to $2,750 in the past 24 hours, indicating a market upturn

August 14, 2024 1 min read

The forthcoming US election is anticipated to have a substantial influence on the cryptocurrency market, as evidenced by Ethereum (ETH), the second-largest cryptocurrency by market capitalization, experiencing a surge of over 5% in the last 24 hours. This increase occurs in the midst of a rebound in the general crypto market, driven by Bitcoin’s 3.5% ascent to the $61,000 level. Jump Trading just moved 17,049 ETH, which is valued at

Cardano’s user base experiences a lack of growth in the past year

August 14, 2024 2 mins read

The adoption of the Cardano (ADA) network has reached a plateau, with no significant increase in its user base over the past year. According to data from IntoTheBlock, the number of Cardano addresses with a balance greater than zero has been relatively stable over the past year. This suggests that the Cardano network has faced challenges in attracting new users following the bear market in 2022. The lack of progress

Investors pour $176 million into crypto assets last week

August 13, 2024 1 min read

Last week, there was an influx of $176 million into crypto investments after a recent decline in the market. Investors viewed the decrease in prices as a chance to broaden their portfolios and reduce risk. The aggregate value of crypto goods being managed, known as Assets Under Management (AUM), rebounded to approximately $85 billion following a decline of $75 billion caused by a market slump. The resurgence was fueled by

A South Korean CEO has been arrested for allegedly orchestrating a $365 million crypto scam

August 13, 2024 2 mins read

The South Korean authorities have formally accused Byun Young-oh, the CEO of Wacon, and Yim Mo-soo, the Vice Chairman, of masterminding a crypto scam valued at more than 500 billion won (around $365 million). The scam specifically targeted elderly adults by making fraudulent claims of substantial profits. It affected more than 10,000 people and resulted in substantial financial losses for hundreds of victims. Wacon, which operated throughout South Korea, stands

Bitcoin (BTC) is hovering around $60K; will it hit $70K soon?

August 9, 2024 1 min read

After the market crisis over the August first weekend, the crypto market has rebounded, with the total market capitalization climbing by 6.50% and daily trading volume showing small decreases. Bitcoin, the dominant digital currency, has experienced substantial price increases, surpassing the $60,000 mark. The daily trading volume of Bitcoin has had a significant increase of 12%, while its price performance has seen a fall of 6.42% in the past week.

Solana’s transaction failure rate has soars to 65%, raising concerns about its reliability

August 9, 2024 1 min read

Solana, a blockchain renowned for its rapid transaction processing, is currently under scrutiny because to its elevated transaction failure rates. The network’s reliability is being called into doubt due to its high failure rate, despite its well-known reputation for speed and inexpensive costs. Jupiter, a decentralized exchange aggregator operating on the Solana blockchain, has reported a daily transaction success rate of only 35%, with over 65% of transactions being unprocessed.

Dormant ETH addresses linked to PlusToken move $2 billion after three years

August 8, 2024 1 min read

In the last 24 hours, individuals who possess Ethereum (ETH) have transferred a total of 820,000 ETH, which is valued at more than $2 billion. Jump Crypto transferred more than $29 million for selling purposes and received a redemption of $48 million from Lido. Additionally, Ethereum addresses that had been inactive for more than three years moved a total of $2 billion worth of Ethereum two hours ago, which is