Crypto - Optimisus

Cardano Emerges as High-Volume Alternative Amidst Record-Breaking Network Fees for BTC and ETH

12 months ago 1 min read

Cardano sees record transaction volume as BTC and ETH fees reach all-time highs

Cardano (ADA) is emerging as the top blockchain in terms of daily transaction volume, taking the lead from Bitcoin (BTC) and Ethereum (ETH), which are currently facing skyrocketing network fees. According to data from the cryptocurrency monitoring and analytics platform Messari on May 9, Cardano recorded a massive $13.25 billion in 24-hour transaction volume, while Bitcoin came in second with $0.59 billion, followed by Ethereum with $3.03 billion. The surge in transaction volume on Cardano is largely attributed to the recent launch of two new meme crypto assets, Snek and Pepeblue, on the blockchain’s decentralized finance (DeFi) applications. As Ethereum’s

Pepe's value has plummeted over 42% since reaching its all-time high

12 months ago 1 min read

3 Whales purchase Pepe tokens worth over $4 million

Pepecoin (PEPE) traders are bullish despite a recent price correction, as three whales accumulated the token earlier this week, according to on-chain analytics tool Lookonchain. The price of PEPE fell nearly 50%, but the whales bought more tokens, with 0x50C1 withdrawing 1.4T PEPE ($2.76M) from Binance, 0x2Baa buying 212B PEPE ($429K) with 223 ETH ($412K) at $0.000001942, and 0x3AE8 purchasing 424B PEPE ($864K) with 450 ETH ($831K) at $0.000001957. Despite the price decline, CoinGecko data shows PEPE had over $420 million in trading volume in the past 24 hours, with trading volumes shifting from Uniswap to Binance after the latter

12 months ago 2 mins read

TUSD readies operation plan for international transition

Singapore, Singapore, May 8th, 2023 TrueUSD (TUSD), a leading stablecoin provider, announced its intention to implement a plan for the international transition of its management services, reflecting an emerging industry trend of international expansion. Since its inception in 2018, TUSD has led industry innovation in the stablecoin sector with a strong emphasis on client due diligence and regulatory compliance while growing its reserve portfolios in collaboration with a diversified network of financial institutions and fiduciaries. TrueUSD has proven to be one of the most trusted stablecoins during recent market volatility and disruption to the US banking sector. The expansion and

MaskEX crypto exchange, has received preliminary authorization from Dubai's VARA

12 months ago 1 min read

MaskEX Gets Green Light to Launch in Dubai

MaskEX crypto exchange has received preliminary authorization from Dubai’s Virtual Asset Regulatory Authority (VARA) to begin preparing for its debut in the United Arab Emirates (UAE). This approval marks a significant milestone for MaskEX in expanding its footprint in the Middle East and bringing the benefits of virtual assets to a larger audience. In order to become the first regulated exchange in the UAE, MaskEX needs VARA’s preliminary permission before it can complete entity formation, secure banking services, expand its team in Dubai, and open its headquarters. The exchange has requested permission to engage in exchanging, lending, borrowing, acting as

Paxful Restarts Trading Operations after One Month of Inactivity

12 months ago 1 min read

Paxful Resumes Operations: Trading on Platform Open After Hiatus

Peer-to-peer (P2P) Bitcoin trading platform, Paxful, has resumed trading after a month-long hiatus that was caused by internal issues and regulatory pressure. The platform recently announced its reopening in a blog post and explained that the decision to suspend all activities was in the best interest of its customers and the future of the company. The blog post also addressed concerns raised by Paxful CEO, Ray Youssef, over customer funds, which were due to a lawsuit from Artur Schaback, a co-founder of the platform. Schaback was suing Youssef and the company for wrongful termination, among other reasons. Paxful eventually shut

High Ethereum Fees Cost Trader $120K in Purchase of Four Meme Coin Worth $156K

12 months ago 1 min read

Crypto Trader Pays $120K in Fees for $156K Worth of Meme Coin Called Four

Crypto traders are willing to pay high fees to get in early on newly-issued meme coins and get a large percentage of the supply. On-chain data has shown that a trader paid over 64 ETH in fees on Monday to get 84 ETH worth of FOUR, a newly-issued meme token on the Ethereum blockchain. This means the trader spent over $120,000 to get $156,000 worth of FOUR tokens. Further data shows that the top early FOUR buyers are sitting on profits ranging from $240,000 to $2 million. FOUR tokens have seen $136 million in trading volumes on the first day

US-Based Crypto Exchange Bittrex Seeks Protection Under Bankruptcy Law

12 months ago 1 min read

Bittrex Crypto Exchange Requests US Bankruptcy Protection Amid Crypto Market Turmoil

Bittrex, one of the largest crypto exchanges in the U.S., has filed for Chapter 11 bankruptcy protection for its American operations following accusations of operating an unregistered securities exchange by the Securities and Exchange Commission (SEC) three weeks prior. According to the filing, Bittrex has assets and liabilities each estimated to be worth between $500 million and $1 billion, and has over 100,000 creditors. Bittrex Global, its Liechtenstein-based offshore operations, are unaffected by the bankruptcy filing. The company announced that it will reopen customer accounts to allow them to withdraw funds, and crypto assets of U.S. customers who did not

Estonia Tightens Crypto Regulations, Resulting in Hundreds of Companies Shutting Down

12 months ago 1 min read

Estonia Cracks Down on Crypto: Over 400 Firms Squeezed Out by New Laws

Estonia’s crackdown on cryptocurrency companies has resulted in almost 400 virtual asset service providers (VASPs) either shutting down voluntarily or having their authorizations revoked following the government’s recently enhanced Terrorist Financing Prevention and Anti-Money Laundering (AML) laws. The amended laws expanded the scope of VASPs, increased licensing fees, and capital and information reporting requirements, along with introducing the Financial Action Task Force Travel Rule. Almost 200 domestic crypto service providers voluntarily shut down, with 100 active crypto firms now registered in Estonia as of May 1. The country has made a considered effort to enact strong AML laws over the

The Spanish city of Valencia will host the second edition of NFT Show Europe

12 months ago 2 mins read

A futuristic business-art atmosphere awaits you at NFTSE 2023!

From July 14th to 15th 2023, the Spanish city of Valencia will host the second edition of NFT Show Europe, one of the world leading events on web3, Blockchain, Metaverse, Virtual Reality and Digital Art. An international meeting point for experts to share their insights on the next era of the internet in a futuristic business-art atmosphere. Designed as a B2B and art exhibition event, the main goal of the organization is to foster international collaboration among participants. All this surrounded by NFT and digital art galleries, exhibiting world-class artists work with the most advanced technology of the moment. #NFTSE

It was reported that DEUS Finance, a DeFi protocol, was hacked

12 months ago 1 min read

DEUS Finance Suffers $6 Million Loss in Stablecoin Hack Attack

On May 8, 2023, it was reported that DEUS Finance, a DeFi protocol, was hacked over the weekend, resulting in a loss of more than $6 million. The hacker exploited a vulnerability in DEUS Finance’s own stablecoin DEI on the BNB Smart Chain and Arbitrum networks. PeckShield, a blockchain security firm, reported that the attack on BNB Smart Chain resulted in a loss of over $1.3 million, while the attack on Arbitrum resulted in a loss of over $5 million. Recovery efforts have been made, with some of the lost funds being recovered through white hat hacking techniques and being

Binance transferred $4billion worth of BTC between its digital wallets

12 months ago 1 min read

Binance Moves 4.4 Billion in Bitcoin and Freezes BTC Withdrawals: Here’s Why

Binance, the world’s largest cryptocurrency exchange, made a significant Bitcoin move over the weekend, transferring $4.4 billion worth of BTC between its digital wallets. This move occurred in two tranches of 117,000 and 40,000 coins, according to CryptoQuant’s Head of Research Julio Moreno, who analyzed on-chain data. The exchange explained in a tweet on Monday that Bitcoin was moved between its hot and cold wallets due to address adjustments. Cold wallets, which are more secure because they store private crypto keys offline, are used to store a portion of users’ funds. However, Binance also temporarily halted Bitcoin withdrawals twice over

Shibarium is an ambitious Layer-2 blockchain network

12 months ago 2 mins read

Can Shibarium Take Shiba Inu Beyond Its Current Valuation?

Shiba Inu, the meme-inspired cryptocurrency that took the crypto world by storm, has been making headlines lately for its upcoming Shibarium project. Shibarium is an ambitious Layer-2 blockchain network that will include a decentralized exchange, Metaverse, and games built on Ethereum for the Shiba Inu blockchain. But what makes Shibarium stand out from other projects in the crypto space? Firstly, it incentivizes users to hold SHIB, its native token, by enabling them to stake it and earn rewards in other tokens. This will create a demand for SHIB, potentially driving up its price. Shibarium could also increase exposure for SHIB