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Gemini, the US-based cryptocurrency exchange
1 year ago 1 min read

Gemini expands its offerings with new crypto derivatives platform for non-US customers

Gemini, the US-based cryptocurrency exchange, is set to launch a new crypto derivatives platform outside of the United States. This move comes amidst the current mass withdrawal of crypto organizations from the US. The new division, Gemini Foundation, will allow eligible users outside the US to trade on both spot and derivatives markets. The first product to be launched on the platform will be a BTC perpetual contract denominated in GUSD, Gemini’s US-dollar-pegged stablecoin. The exchange plans to launch an Ethereum perpetual contract (ETH/GUSD) shortly thereafter. The platform will be available to customers in Singapore, Hong Kong, India, Israel, Thailand,

the past 2 years have seen the emergence of NFTs and memecoins
1 year ago 2 mins read

The Impact of Memecoins and NFTs on Crypto Cycles: A Look into the Future

The world of cryptocurrency has been known for its volatile nature, with capital flowing from fiat currencies to Bitcoin and other large caps before trickling down to mid and low caps. However, the past two years have seen the emergence of non-fungible tokens (NFTs) and memecoins, which have disrupted the existing patterns in the industry. NFTs, especially Profile Picture NFTs (PFPs), are a hybrid of an identity solution, a club, and a fungible token. The NFT market has different sizes based on market cap, with Bored Ape Yacht Club (BAYC) and Azuki leading the large-cap category. In the mid-cap category,

Bitcoin drops to lowest position in April, while altcoins suffer even more
1 year ago 1 min read

BTC hits a new low for April at $27,000 as altcoins continue to struggle

The world’s most popular cryptocurrency, Bitcoin (BTC), has continued its downward spiral, hitting a 25-day low of $27,000. Other altcoins have fared even worse, with Dogecoin experiencing significant losses, while APT and OKB have experienced the biggest slump among mid-cap altcoins. BTC made a significant jump on April 10, soaring past $30,000 for the first time since June 2020. Later that week, it hit its highest price point at just over $31,000 on April 14. However, the following week was less volatile, with BTC hovering around $30,000. On April 19, things took a turn for the worse, and BTC plummeted

SafeMoon Hacker Agrees to Give Back Majority of Stolen Crypto in Recent Agreement
1 year ago 1 min read

SafeMoon Breach: Hacker to Return 80% of Funds Stolen

The cryptocurrency world is no stranger to hacks and exploits, and the SafeMoon community recently suffered a major breach that saw the hacker walk away with $8.9 million worth of BNB. However, in a recent development, the hacker has agreed to return 80% of the stolen funds while keeping the remaining 20%. According to an April 18 blockchain message from the SafeMoon development team, the hacker has agreed to return the majority of the funds that were taken. The message was encoded, and it is part of the ongoing communications between the team and the hacker to resolve the issue.

Cardano ecosystem
1 year ago 1 min read

Cardano ($ADA) Reports Impressive Growth: 1,227 Projects Being Built and 65 Million Transactions Processed

Input Output Global (IOG) has released the weekly development report for the week ending on Friday, April 21, 2023, showcasing the latest statistics on the Cardano ($ADA) network. The report highlights the progress of various teams working on core technology, wallets and services, smart contracts, scaling, and governance. Among the updates, the Adrestia team released an update for Cardano-wallet with new endpoints for shared wallets and performance improvements. The Marlowe team added integration tests for ApplyInputs and state pretty-print choices in the Marlowe Explorer prototype. The Hydra team worked on smoke test improvements and enhanced the API for voting use

head of the leading crypto exchange Binance
1 year ago 1 min read

Binance CEO CZ Warns Against Investing in Certain Meme Coins

Changpeng Zhao, head of the leading crypto exchange Binance, has taken to Twitter to warn investors against getting into certain meme coins. CZ shared that some Twitter accounts are using the fact that he follows them to launch meme coins and sell them to unsuspecting investors. CZ warns investors not to fall for these cryptocurrencies, which claim to be “supported by CZ.” Meme coins have become increasingly popular over the past few years, with Dogecoin being the most famous example. However, many other meme cryptocurrencies, including Shiba Inu, BabyDoge, and Dogelon Mars, have emerged in recent years. Despite their popularity,

Telegram Wallet Integrates Bitcoin Transactions to Offer More Investment Options for Users
1 year ago 1 min read

Telegram Wallet Integrates Bitcoin Trading Capabilities for Users

Telegram messaging app users can now purchase, withdraw, and exchange Bitcoin (BTC) through the Wallet bot and its associated services. This move, announced on April 21, builds upon Telegram’s existing services related to cryptocurrencies, but it is noteworthy that the Wallet bot was created by a third-party developer using Telegram’s open bot API. The @wallet web interface now enables users to buy Bitcoin using a bank card or the P2P market in the “Buy & Sell” section. Additionally, the platform’s updated “Exchange” feature instantly swaps Bitcoin, Tether (USDT), and Telegram Open Network (TON) with each other. This development is a

BitBoy Crypto
1 year ago 1 min read

BitBoy Crypto Faces Consequences After Missing Court Appearance

Popular cryptocurrency influencer and Youtuber Ben “BitBoy” Armstrong has landed in hot water after refusing to appear for a court hearing regarding his promotion of FTX. Armstrong has been accused of launching a harassment campaign against Adam Moskowitz, a lawyer representing plaintiffs in a lawsuit against multiple Youtubers who promoted the failed cryptocurrency exchange. Following the charges, BitBoy reportedly sent Moskowitz angry emails and called him names on social media. Multiple reports suggest that Judge Melissa Damian was outraged by Armstrong’s absence from the court hearing. Armstrong’s attorney said he could appear before the court in May while attending the

Tether Continues to Dominate the Stablecoin Market, Issues Another $1 Billion of USDT on Ethereum
1 year ago 1 min read

Tether’s USDT minting on Ethereum hits $1B, signaling stablecoin dominance

Late last night, Tether, the world’s largest stablecoin issuer, minted another billion USDT tokens on the Ethereum network. According to Tether CTO Paolo Ardoino, this is part of an “inventory replenish” and will be used to meet the next period of issuance requests and chain swaps. As the most popular stablecoin in the crypto industry, USDT is pegged 1:1 to the United States dollar and is widely used to facilitate trading on large exchanges that don’t accept fiat currencies. On the Ethereum blockchain, Tether has emerged as the dominant stablecoin issuer, with over 35 billion tokens. Its closest competitor, USDC,

The Merge Reduces Ether Supply by 100,000 Coins
1 year ago 1 min read

100,000 Ether Coins Burned as a Result of The Merge

Since The Merge, Ethereum has seen a decrease in ether supply by over 100,000 coins as the blockchain moves towards a more eco-friendly consensus mechanism. According to ultrasound.money, the total supply of ether has declined by 103,092 coins worth over $200 million in the last 217 days. If Ethereum had remained secured by miners instead of stakers, the ether supply would have increased by over 2.52 million coins, or $4.9 billion, and would have also increased yearly by 3.53%. However, post-Merge Ethereum’s coin supply has reduced by 0.144% per year, with $1.2 billion being removed from the ether supply in

DeepMind to Lead Google's Consolidated AI Teams
1 year ago 1 min read

Google Announces Launch of Google DeepMind to Accelerate Progress in AI

Alphabet, the parent company of Google, has unveiled Google DeepMind, a new group focused on advancing artificial intelligence (AI). The group brings together the existing DeepMind and Brain teams under one banner to work on building more capable and responsible general AI systems. According to Google and Alphabet CEO Sundar Pichai, the move will significantly accelerate progress in AI and ensure its bold and responsible development. The new group will be led by DeepMind CEO Demis Hassabis as CEO, while Jeff Dean, co-founder of Brain, will serve as Google and Google DeepMind’s chief scientist. Dean’s first project will be to

Ethereum Implements New Measures to Tackle Miner Extractable Value (MEV)
1 year ago 2 mins read

Ethereum Implements New Measures to Reduce Miner Extracted Value

Ethereum Foundation researcher Justin Drake and bloXroute Labs CEO Uri Klarman recently appeared on Laura Shin’s podcast to discuss Maximum Extractable Value (MEV) and how it affects Ethereum users. In Ethereum’s new proof-of-stake (PoS) system, MEV is the result of sophisticated participants prioritizing and reordering transactions within new blocks, with validators using decentralized exchanges (DEX) to increase their earnings. Unlike Bitcoin mining pool operators, who are typically the only parties that select and order transactions within a block, there are many parties that select and order transactions within an Ethereum block. Ethereum users broadcast their transactions into Mempools, where they

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