Ethereum

Ethereum’s daily active addresses surges by over 20%

October 15, 2024 2 mins read

Ethereum is currently experiencing a notable increase in user engagement, with daily active addresses rising by 21%. This surge in activity typically suggests a growing user base, which could support price increases. However, despite this uptick, Ethereum’s price remains under pressure, hovering around $2,533. Traders are actively selling, which has made it difficult for the token to break through significant resistance levels. The rise in unique addresses conducting transactions indicates

Ethereum co-founder Vitalik Buterin sells over $2 million in meme coins

October 14, 2024 1 min read

Vitalik Buterin, the co-founder of Ethereum, has recently sold over $2 million in meme coins, continuing his trend of using the proceeds for charitable donations. In just 24 hours, he made significant sales, totaling 908.77 ETH, which is around $2.24 million. This includes selling 10 billion Moodeng tokens and 200,000 MSTR2100 tokens, among others. Buterin’s commitment to philanthropy is evident, as he has already donated a substantial portion of his

Arkham Intelligence intends to launch its own crypto derivatives exchange next month

October 14, 2024 1 min read

Arkham Intelligence is gearing up to launch its own crypto derivatives exchange next month, as reported by Bloomberg News on October 11. This announcement has sparked a notable 12% increase in the value of its native token, ARKM, which has been on the rise alongside the broader market recovery. Currently, ARKM is trading at $1.51, reflecting a 16% gain in just 24 hours. The new exchange will be based in

South Korea Virtual Asset Committee to discuss the approval of crypto ETFs

October 11, 2024 1 min read

On October 10, South Korea‘s Financial Services Commission (FSC) announced the formation of a Virtual Asset Committee aimed at overseeing the approval of spot crypto exchange-traded funds (ETFs) in the country. This committee, led by FSC Vice Chairman Soyoung Kim, will include representatives from various government sectors and nine members from the private sector, providing guidance on critical issues in the digital asset landscape, including the authorization of corporate accounts.

Crypto trader uses 11 hidden wallets to conceal $24M in meme coins while promoting them

October 10, 2024 1 min read

In a striking exposé, crypto investigator ZachXBT has unveiled the deceptive practices of Murad Mahmudov, a prominent figure in the meme coin trading scene. Utilizing 11 different wallets, Murad allegedly concealed nearly $24 million in meme coin investments while promoting these tokens to his followers. His strategy involved inflating the value of coins like SPX, which skyrocketed by 61 times, thanks to his own endorsements. ZachXBT’s research revealed that between

Vitalik Buterin donates 100 ETH to support Tornado Cash developers in their legal fight

October 8, 2024 2 mins read

Vitalik Buterin, the co-founder of Ethereum, has recently made headlines for his generous donation of 100 ETH to aid the legal defense of Tornado Cash developers, Alexey Pertsev and Roman Storm. This significant contribution comes on the heels of Buterin selling off various memecoins from his personal collection, including Neiro, MOONDENG, DEGEN, and KABOSU, as well as USDT tokens from the CATE project, which he converted into ETH. Buterin’s support

The UAE exempts crypto transactions from VAT starting November 15

October 8, 2024 1 min read

Starting November 15, 2024, the UAE will eliminate Value Added Tax (VAT) on cryptocurrency transactions, a strategic move designed to invigorate the sector and enhance the nation’s appeal to crypto businesses and investors. This policy shift, announced by the Federal Tax Authority (FTA), removes the previous 5% tax that posed challenges for market entry, thereby reinforcing Dubai’s status as a global crypto and blockchain hub. The UAE’s proactive approach to

Polymarket trading volume surges to over $530 million in September as US election nears

October 6, 2024 1 min read

In September 2024, the blockchain-based prediction platform Polymarket experienced a significant surge in trading activity, driven by heightened interest in the upcoming 2024 US presidential election and ongoing geopolitical events in the Middle East. The trading volume reached $533.51 million, marking an increase of $61.51 million from August’s $472 million, as reported by Dune Analytics. The platform also saw a notable rise in active users, with a 41% increase from

Vitalik Buterin endorses SuperchainERC20 for enhanced Ethereum interoperability

October 5, 2024 1 min read

Vitalik Buterin, co-founder of Ethereum, has recently endorsed a major update to the SuperchainERC20 protocol, as outlined in a GitHub pull request by Optimism. This redesign introduces a new cross-chain interface aimed at enhancing collaboration among Ethereum infrastructure entities and creating a more cohesive ecosystem. The update focuses on revamping the SuperchainERC20 standard by incorporating the SuperchainERC20Bridge and the ICrosschainERC20 interface, which are expected to significantly improve Ethereum’s scalability and

The Solana (SOL) Coins Ready To Take The Fight To Ethereum (ETH)

October 2, 2024 4 mins read

As October begins, crypto investors are hoping for a favorable month as past records show a positive market in the last quarter of every year. As Per DeFi Llama, DEX networks on the Solana blockchain show a 40% recovery. This shows the growing interest of investors in Solana-based meme coins, which could translate to an upcoming market rally.   However, Cutoshi, the new Ethereum-based meme coin, could challenge the status quo

Crypto investment inflows hit $1.2 billion in a week

October 2, 2024 1 min read

In a recent report by CoinShares, global crypto investment products experienced a significant boost, with net inflows reaching $1.2 billion over the past week, marking the third consecutive week of positive growth. This surge is attributed to increasing investor confidence in digital assets, fueled by expectations of lenient U.S. monetary policies and favorable price trends. Bitcoin was the standout performer, drawing in $1.1 billion, largely due to the approval of

Skygate Token Launches Presale, Aims to Digitalize Global Aviation

October 1, 2024 4 mins read

The Skygate Token is positioned as a utility-focused cryptocurrency designed to offer real-world applications in the aviation sector, moving beyond the realm of speculative assets. With a structured financing model, clear development strategies, and practical use cases, Skygate Token aims to contribute to the digital transformation of aviation. Who is Behind the Skygate Token? The Skygate Token is issued by Skygate Network Holding GmbH, a company based in Salzburg, Austria. The company is