Category : EthereumWorldNews

EthereumWorldNews

$MATIC Sees A Massive Spike In Whale Transactions Following META’S Announcement

Summary: MATIC’s price has gone up by 33% in the last month. Since Polygon announced that Meta had selected them for minting digital collectibles, MATIC has seen a surge in on-chain activity. A price/network growth divergence, usually followed...

Terra Founder Do Kwon Refuses To Give Up Despite New Allegations Mounting Against Him

A recent report by Bloomberg reveals that Do Kwon might be living in Europe. A new crypto allegation is plaguing Do Kwon, insinuating that Kwon may have manipulated the price of Luna before its collapse. Despite being embroiled in an array o...

$Gala Games Self-Attack Argument On $4.4M Exploit Failing: Token Bleeds As Community Grows Skeptical

Gala Games is attempting to soothe investors after it was alleged that the platform suffered an attack. The team said that no such attack or hack took place. The P2E games company explained to the community that it had conducted a self-attack wi...

DappRadar Notes An 18% Monthly Increase In Unique NFT Traders: Is Crypto Winter Finally Warming Up to NFTs?

DappRadar’s report outlines an 18% increase in the unique NFT trader count. The positive metrics denote that the NFT sector is still experiencing an influx of new people, proving that NFTs are still in great demand. NFT analytics firm...

Coinbase Q3 Report: Coin Stock Tanks 4% As Exchange Misses Revenue Estimates

Coinbase has posted a net revenue of $576 million for Q3, missing estimates by 9%. Increasing interest in foreign exchanges and declining trading volume have led to a decrease in revenue.& Retail participation has dropped by 56% YoY, whi...

Do Kwon Reportedly Instructed An Employee To Manipulate Terra’s Market Price

South Korean prosecutors have alleged that Do Kwon instructed one of his employees to manipulate Terra’s price.& The prosecutors have cited messenger conversations between the Terra founder and the employee.& As of today, Kwon’s pas...

SuperRare NFT Marketplace Launches “Genesis RarePass” To Offer Special Art NFTs To Its Users

SuperRare launches RarePass, dubbed “Genesis,” to tempt crypto NFT users. RarePass will allow users to receive specially curated art NFT drops by leading global artists like Pinder Van Arman and XCOPY. Prominent art NFT marketpla...

Ethereum Layer 2 Protocols Set New Weekly High For Transactions

Summary: Layer 2 transactions on Ethereum’s blockchain hit a new seven-day high, Orbiter Finance data showed. Orbiter’s dashboard recorded over 5.78 million transactions between October 27 and November 2. Arbitrum led the L2 pa...

USDD Stablecoin Users Increased by 500% in Q3

TRON’s USDD stablecoin has seen a 500% increase in users between Q2 and Q3 2022. The percentage of TRX deposits grew by 9.7%. The number of transactions hit a stable value, while transaction sizes dropped. The average number of USDD holders is 1...

Fantom (FTM) Up 20% On Andre Cronje’s Supposed Return

Summary: Fantom’s price rallied on Thursday soaring as high as 20% in a single day. The FTM token traded at $0.27 on crypto exchange Binance, per data available on TradingView at press time. Veteran crypto coder Andre Cronje hinted at his...

Instagram Announces Its Own NFT Marketplace

Instagram, in collaboration with Polygon, has announced the launch of its own NFT marketplace. The marketplace will permit users to mint and sell their NFTs on the platform. Social media giant Instagram announced the launch of its own NFT ma...

$DOGE Due A Correction As Trading Volumes Drop By 63% In The Past Five Days

Summary: The price of popular memecoin DOGE rallied by over 100% in the last week, courtesy of Elon Musk’s Twitter acquisition. On-chain data assessment revealed that the current market is marked by buyers exhaustion. Key indicators on the dai...

Binance’s Changpeng Zhao Mulls Over Bank Acquisition With $1 Billion War Chest

Binance chief Changpeng Zhao has indicated that he may invest in traditional finance, including banks, in the near future. The crypto billionaire is looking to get into payment services and traditional banking. Zhao launched a billion-dollar...

Ethereum’s Shanghai Upgrade Will Play A Crucial Role In Determining ETH’s Price

A recent meeting held by Ethereum’s lead developers has led crypto investors to speculate how the Shanghai update will impact the token’s future price. The Shanghai update is scheduled to be deployed in the second quarter of 2023....

Wrapped Dogecoin (wDOGE) Coming Soon via Crypto Custodian BitGo: CoinDesk Report

Summary: Dogecoin users will be able to deploy their tokens throughout the Ethereum ecosystem thanks to a move by BitGo. The crypto custody provider unveiled a partnership to roll out wrapped DOGE tokens, CoinDesk reported on Wednesday. Bi...

Bitcoin Could Have Found Its Bottom At $20,000 Level: Glassnode Report

Glassnode released a report detailing Bitcoin’s performance during the bear market and the potential for a break out from current levels. The report highlights that Bitcoin is performing similarly to how it did in other bear markets and may nee...

Deribit Hot Wallet Hacked For $28 Million In Bitcoin And Ether

Summary: Crypto exchange Deribit was attacked and the hacker made off with $28 million in digital assets. The trading platform said the exploiter targeted one of its hot wallets. Security startup Supremacy said roughly $14 million in Bitco...

Leading Stablecoin Issuers Paxos and Circle Secure Regulatory Approvals To Offer Crypto-Related Services In Singapore

Circle and Paxos have received regulatory approval to operate in Singapore. The approvals will allow both of these companies to offer crypto-related services in the region. Stablecoin issuers Circle and Paxos have won approvals for their res...

Shareholders Call For Investigation Into Celsius’ “Ponzi Scheme” Operations At Bankruptcy Hearing

Preferred shareholders of Celsius called for an investigation into claims of the crypto lender operating like a Ponzi scheme. The Judge has reprimanded Celsius’ attorneys for attempting to seal a motion regarding the $3 million employee bonus.Unse...

Binance Chief CZ: Twitter Should Support Multiple Cryptos, Not Just Dogecoin And BNB

Summary: Changpeng Zhao spoke about Twitter and digital currency integration on an “Ask Me Anything” hosted on Tuesday.The Binance CEO opined that the social network now led by Elon Musk should explore onboarding several cryptocurren...

The Slashing Spree Continues As Novogratz’s Galaxy Digital Explores Laying Off 20% Of Its Staff: Report

Galaxy Digital is reportedly exploring slashing its workforce by 20%.The company will also be sharing its Q3 report on November 9th. Per a recent Bloomberg report, Galaxy Digital Holdings Limited, a leading crypto financial firm owned and operate...

Twitter Owner Elon Musk’s Shiba Inu Tweet Makes Dogecoin Gain 22% in Just 4 Hours

Twitter owner and CEO Elon Musk tweeted a picture of a Shiba Inu on Nov. 1, sending DOGE into a 22% rally in just 4 hours.The meme coin has had a phenomenal week because of Musk’s acquisition of Twitter, with the token up by nearly 160% over the pas...

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