The recent surge in Ethereum’s price has sparked renewed interest in the crypto community, but Fred Krueger, an experienced Bitcoin ETF specialist, has raised doubts about the validity of this valuation. Krueger’s analysis points to a troubling trend in the usage of the Ethereum blockchain, highlighting a significant drop in daily active users from 120K
DeFi
In a groundbreaking sale that has caused waves in both the blockchain and art communities, a complete set of 10 Autoglyphs recently changed hands for a remarkable 5,000 ETH. This purchase, valued at around $14.6 million, has set a new record for the highest NFT sale in the last two years, making it the fifth-largest
In a recent strategic move ahead of the upcoming general elections, South Korea’s ruling party, the People Power Party (PPP), has announced plans to push for a further two-year delay in the implementation of crypto taxation. This decision, revealed during a press conference on Feb. 19, aims to explore the possibility of postponing the commencement
Ethereum (ETH) is gaining momentum in the cryptocurrency market, inching closer to the $3,000 mark. One of the key factors fueling this upward trajectory is the increasing popularity of ETH staking. With Ethereum 2.0 gaining traction, more investors are opting to lock their ETH into staking contracts. This not only allows them to earn passive
The recent approval of a digital asset bill by the Judiciary Committee in Iowa marks a progressive step towards integrating digital assets into commercial transactions. House File 2519, titled “An act relating to commercial transactions, including control and transmission of electronic records and digital assets,” introduces significant amendments to the Uniform Commercial Code with the
The recent performance of Cosmos (ATOM) has raised concerns among its investors due to a 1.7% decline in the past 24 hours. The cryptocurrency has been trading in a narrow range between $8-12, contrary to the bullish trends seen in other coins. Despite a recent rebound from the 20-day moving average (DMA) support level of
Cardano (ADA) has demonstrated outstanding progress during the fourth quarter (Q4) of 2023, exceeding its rivals and exhibiting impressive growth in key metrics, as per a recent Messari report. The report reveals that ADA’s revenue in USD surged by 66.7% quarter-over-quarter (QoQ), not just due to ADA’s price movement but also a 10.6% QoQ growth
Recently, Ethereum has been experiencing a surge in its market price, reaching a one-month high and indicating a growing demand for the digital asset. In the midst of this upward trend, Lookonchain, an on-chain analytics platform, uncovered an intriguing strategy employed by an Ethereum whale. This unidentified whale has been actively increasing their Ethereum holdings