Ethereum

Ethereum transaction fees spike, despite a drop in active accounts

September 23, 2024 1 min read

Ethereum transaction fees have risen markedly in recent weeks, even as the number of active accounts on the network has fallen to its lowest point this year. The average transaction charge has decreased to its lowest level since 2020, falling below $1. Nonetheless, the seven-day moving average transaction charge surged markedly, attaining $3.52 on September 21, about three times its value at the beginning of the month. This surge resulted

The Ethereum Foundation sells a total of 950 ETH worth over $2.2 million in the past three weeks

September 21, 2024 1 min read

The Ethereum Foundation has sold 300 ETH worth over $760,000, a 5% increase from intraday lows of $2,440. The foundation has been selling Ether every four to seven days, with a total of 950 ETH sold since September, totaling over $2.2 million. The foundation has previously sold 1,000 ETH for over $3 million in May 2024, with year-to-date totals reaching 1,766 ETH sold for over $4.8 million. The latest dump

A wallet associated with Ethereum co-founder Vitalik Buterin moves $3,170,000 in Ethereum (ETH)

September 21, 2024 1 min read

Ethereum co-founder Vitalik Buterin has made significant ETH transfers, causing speculation in the crypto community. The wallet “0xD04daa” transferred 1,300 ETH, valued at around $3.17 million, to an external address labeled “0x5567A,” which was triggered by the 6.3% increase in Ethereum’s price. The move has sparked speculation about potential profit-taking motives. Shortly after receiving the funds, the wallet “0x5567A” transferred 74.17 ETH, valued at approximately $181,000, to Paxos, a well-known

BingX suffers a $42 million hack, adding to a series of crypto security breaches this week

September 21, 2024 1 min read

BingX, a prominent crypto exchange, has suffered a $42 million attack, leading to the theft of more than 360 cryptocurrencies, which were subsequently exchanged for Ethereum and Binance Coin. The breach was initially identified by the blockchain security company PeckShield. The total misappropriated assets comprised stablecoins such as USDT, USDC, WUSD, Bitcoin, and several other tokens. Vivien Lin, Chief Product Officer of BingX, confirmed the breach and assured users that

Crypto donations reach $190 million ahead of the 2024 US elections

September 16, 2024 1 min read

The 2024 US election is imminent, with crypto donations totaling $190 million, signifying an increasing connection between the crypto sector and politics. This rise is substantial, as both Democratic and Republican candidates strive to gain the support of the crypto community, indicating a crucial juncture for incorporating digital assets into mainstream politics. The surge of political contributions from the crypto business may induce significant transformations, perhaps facilitating more advantageous rules

Bitunix Takes the Stage as Silver Sponsor at Token2049 Singapore, September 18-19

September 16, 2024 3 mins read

Bitunix, the fastest growing crypto futures exchange, confirmed that they will be attending the prestigious TOKEN2049 happening on September 18-19th. The exchange is also a Silver Sponsor alongside Cetrik, Bitgo, Lido and Wormhole. The exchange has recently surpassed the barrier of 1 million registered users worldwide, which, in just one year of rapid growth, brings it closer and closer to becoming the crypto derivatives exchange of reference. Thus, co-starring Token2049,

Binance alerts users to the rising threat of Clipper malware

September 16, 2024 1 min read

Binance has issued a worldwide alert over an escalating threat to cryptocurrency users, especially those using Android devices, posed by “Clipper malware.” This malware captures wallet addresses during transactions and diverts cash to accounts managed by hackers. Since August 27, 2024, the exchange has experienced a notable rise in instances related to Clipper malware, primarily affecting Android users. iOS users are vulnerable, as Clipper malware can disseminate via unapproved applications

Ethereum co-founder Vitalik Buterin clarifies recent ETH sales

September 14, 2024 1 min read

Ethereum co-founder Vitalik Buterin has been in the news due to repeated ETH sales from a wallet linked to him, totaling 950 ETH. Buterin made major ETH transfers to a multi-sig wallet in August, raising concerns among investors who anticipated that Ethereum’s market value might fall further. The multi-sig wallet subsequently swapped 190 ETH for USDC, prompting widespread condemnation from the community. Some accused Buterin of “dumping” ETH while keeping

The Trump family could earn $540 million from their DeFi venture

September 8, 2024 1 min read

The Trump family might gain $540 million from World Liberty Financial (WLFI), a decentralized finance (DeFi) project that is slated to launch on the Ethereum or Polygon blockchains. Similar to the renowned DeFi protocol Aave, the initiative aspires to challenge established financial structures while also empowering the average American. WLFI intends to sell 30% of its token supply after attaining a $1.8 billion valuation, potentially earning $540 million for the

India’s Financial Intelligence Unit is set to approve two new offshore crypto exchanges

September 7, 2024 1 min read

The Financial Intelligence Unit (FIU-India) of India is expected to approve two further offshore cryptocurrency exchanges to recommence their activities by the conclusion of the fiscal year 2025, after a comprehensive evaluation of their adherence to anti-money laundering (AML) legislation. The FIU is presently evaluating four fresh requests from four exchanges that were previously prohibited due to their failure to comply with India’s rigorous AML requirements. The agency stressed the

VanEck is closing its Ethereum Futures ETF (EFUT) by September 16, 2024

September 7, 2024 1 min read

VanEck plans to terminate its Ethereum Strategy ETF (EFUT) by September 16, 2024, and expects to complete the liquidation process by September 23. EFUT, which was introduced in October 2023, has faced challenges in terms of limited growth in assets and performance when compared to VanEck’s more prosperous spot Ethereum ETF (ETHV). VanEck’s decision to liquidate EFUT is in line with its continuous evaluation of criteria such as performance, liquidity,

Ethereum Whales moves $751M worth of ETH to exchanges

September 6, 2024 1 min read

In the past week, there has been a significant influx of Ethereum holders selling their holdings, resulting in a total of 312,183 ETH being put into exchanges. This amount is valued at $751 million. The increase in deposits made for exchanging currencies reflects a rise in investor concern, leading market observers to closely monitor any possible changes in attitude. Moreover, the market performance of Ethereum has been closely examined, revealing