In a recent turn of events, wallets linked to the CoinStats exploiter made a significant move by transferring nearly $1 million in Ether to the controversial crypto mixing protocol Tornado Cash. This action comes on the heels of investigations initiated by the leading crypto tracker following a security breach in June. CertiK, a blockchain security
Impact
The recent transaction by an Ethereum whale transferring $34.3 million worth of ETH to the crypto exchange Coinbase has caused panic among community members. This move suggests that the whale might be looking to offload their holdings, potentially impacting ETH’s price significantly. Typically, such large transfers indicate a plan to sell tokens, leading to concerns
Ethereum 2.0 staking has experienced a remarkable surge in recent times, with the deposit contract for staking Ethereum on the Beacon Chain hitting an all-time high of 47.36 million ETH. This figure represents a staggering 33.9% of the total supply of Ethereum, signifying a significant increase from just two years ago when it accounted for
Recently, the Bitcoin price experienced a significant drop below $60,000 due to rapid selling by major holders such as the German and US governments. This resulted in one of the largest drops seen for the pioneer cryptocurrency in the last two years, causing the market to lose billions of dollars. However, despite this downturn, the
The Sovereign Nature Initiative (SNI) has recently announced a groundbreaking partnership with Unique Network and WalletConnect on the Polkadot blockchain. This collaboration, known as DOTphin, is set to launch at the highly anticipated Polkadot Decoded 2024 event. DOTphin, which garnered substantial community support through Polkadot OpenGov, aims to utilize Non-Fungible Tokens (NFTs) to drive environmental
Bitcoin (BTC) recently experienced a significant drop in price, hitting its lowest level since February 26. Despite this, Bitfinex analysts have identified on-chain signals that suggest the leading cryptocurrency may be poised for a recovery. This article will delve into the details of these on-chain indicators and their implications for the future price movement of
MetaMask, a brainchild of Ethereum firm ConsenSys, has introduced its latest groundbreaking innovation – the MetaMask Delegation Toolkit. This toolkit aims to revolutionize the user onboarding experience and enhance accessibility to the Web3 ecosystem. Unlike traditional methods that involve navigating through multiple platforms and seed phrases, this toolkit simplifies the process by offering seamless user
Binance, the world’s largest cryptocurrency exchange, has decided to delist four cryptocurrencies – BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS). The decision to delist these assets is based on various factors such as poor trading volume, liquidity, level of public communication, and stability of the network from attacks. Support for all spot trading
The crypto market intelligence platform, Messari, recently made headlines by declaring independence from the Securities and Exchange Commission (SEC). CEO Ryan Selkis boldly stated that the company will be waging a war against the regulator, citing the SEC’s stringent approach to the emerging industry. This move signifies a significant shift in the relationship between crypto
The cryptocurrency market has been experiencing a rocky start to July, with various factors contributing to the bearish sentiment. The highly anticipated Spot Ethereum ETFs failed to debut as scheduled on July 2nd, and reports emerged of significant BTC sell-offs by the US and German governments. These events have added to the uncertainty surrounding the