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Bitcoin Mining Activity Sees Huge Surge in UAE – Here’s the Latest
6.7.2023
Bitcoin mining companies have been looking for a suitable region to call home ever since they were forced to leave China.
Many of them are now eyeing the United Arab Emirates as a potential location to set up shop in, as the country started emerging as the crypto mining hub in the Middle East....
Litecoin Surges in Value Amidst EDX Listing and Imminent Reward Halving, Enters Top Ten Rankings
3.7.2023
During the past fortnight, the crypto asset litecoin (LTC) has surged over 40% against the U.S. dollar after the crypto exchange EDX announced the listing of LTC alongside three other prominent digital currencies. Additionally, Litecoin is on the verge of a reward halving, with only 30 days...
Bitcoin’s Sats Names Ecosystem Flourishes: 370,000 SNS Names Inscribed
1.7.2023
On June 26, 2023, the number of Bitcoin-based Ordinal inscriptions surpassed 14 million, just six days after exceeding 13 million. Inscription activity has continued to rise since then. In addition to text, non-fungible tokens (NFTs), and fungible BRC20 tokens, Ordinal inscription technology...
US Judge Orders Kraken to Release Customer Data to IRS in Cryptocurrency Tax Probe
1.7.2023
Kraken, the San Francisco-headquartered digital currency exchange, has received a court order from a U.S. judge requiring the release of customer data to the Internal Revenue Service (IRS). The court filing, submitted on Friday, states that the IRS is seeking details pertaining to accounts that...
COMP Token Rises by 50% in 4 Days Amid Flurry of Whale Activity on Binance
29.6.2023
The native token of decentralized finance protocol Compound (COMP) has surged by more than 50% in four days following a spike of volume and outflows on Binance
Blackrock’s Influence Fuels Soaring Bitcoin Interest, Google Trends Data Shows
28.6.2023
Over the past 30 days, the popularity of the term “bitcoin” has surged significantly, as indicated by Google Trends metrics. On June 21, 2023, the search term bitcoin achieved a perfect score of 100. Notably, the curiosity surrounding bitcoin-related news has also experienced...
Bitcoin no longer crypto of choice for illicit crypto activity: TRM Labs
28.6.2023
While fiat channels remain the dominant tool for criminal financing, Bitcoin appears to have fallen out of favor for criminals as far as cryptocurrencies go
NFT activity is down over 90%; will DigiToads spark demand?
15.6.2023
The blockchain industry has recently seen a significant decline in the activity surrounding non-fungible tokens (NFTs). However, this narrative could be on the verge of a drastic change. This change could come from an unexpected corner of the crypto-sphere, embodied by an amphibian king of...
AI automation could take over 50% of today’s work activity by 2045: McKinsey
15.6.2023
Management consulting firm McKinsey & Co believes AI will have the “biggest impact” on high-wage workers
Fed Pauses Interest Rates After 10 Consecutive Hikes; Committee Likely to Raise Rates ‘Somewhat Further’ This Year
14.6.2023
In accordance with market predictions, the U.S. Federal Reserve decided to halt its rate hike this month after ten consecutive hikes since last year. The members of the Federal Open Market Committee (FOMC) asserted that the U.S. banking system is still “sound and resilient,” and...
Pepe fades out of relevance, & activity has dropped by 80%, but DigiToads gets started
10.6.2023
There’s a lot that has been keeping the crypto market abuzz, and on top of the list is the declining popularity of Pepe. Not too long ago, the meme coin was among the best cryptocurrency to buy in the market, but its bull run has finally ended. According to market reports, analysts see Pepe...
A new boom for XRP & Tradecurve activity indicates an upturn ahead of a $1 breakout
8.6.2023
The XRP cryptocurrency might be headed towards a bullish outlook after its network saw a significant increase in address activity, making a historic milestone according to the blockchain analysis platform known as Sentiment. The Tradecurve hybrid exchange’s utility token, TCRV, might also...
XRP Bucks Market Trend as Proponents Remain Optimistic About Lawsuit Outcome
5.6.2023
Although the crypto economy has dipped 1.5% in value over the past 24 hours, XRP, the sixth-largest digital asset by market capitalization, has posted gains recently. In the last week alone, XRP has surged over 10%, and year-to-date, this digital currency has increased by 35% against the U.S....
Etherscan Launches Advanced Filter for Enhanced Ethereum Blockchain Exploration
5.6.2023
On June 2, 2023, the Ethereum blockchain explorer and insights web portal, Etherscan, released a new feature that allows users to refine their transaction searches with filters. Onchain sleuths, researchers, and investigators can now narrow down the results in a single view using a variety of...
Litecoin Starts June Strong as Investors Eye August Halving, Uptick in Activity
1.6.2023
LTC has outperformed both bitcoin and ether over the last 30 days
Litecoin’s Daily Transaction Count Remains Elevated as LTC Ordinals Approach 4 Million
30.5.2023
Over the past week, Litecoin has experienced a sustained increase in daily confirmed transactions. Following a record-breaking peak of 585,415 daily confirmed transactions on May 10, the blockchain has consistently handled a range of 172,000 to 532,000 transactions per day. Litecoin’s Daily...
Crypto Exchange Bkex Suspends Withdrawals Amid Money Laundering Incident
30.5.2023
Bkex, a crypto exchange based in the British Virgin Islands, has suspended withdrawals due to an allegation that a user’s “funds were involved in money laundering.” In order to assist law enforcement with their investigation and gather evidence, Bkex said it has decided to halt...
Dogecoin’s Transaction Surge Surpasses Bitcoin and Ethereum With 2 Million Transactions Settled in 24 Hours
28.5.2023
The Dogecoin blockchain has witnessed a significant surge in transaction activity ever since the inception of DRC20 tokens. When compared to other prominent networks, Dogecoin has stood out with its substantial volume of processed transactions. Recent statistics reveal an unprecedented milestone...
Makerdao Considers Significant DAI Savings Rate Hike: 3.3% on the Horizon, If Vote Passes
28.5.2023
The Makerdao collective is currently immersed in a discussion about the potential rise of the DAI stablecoin’s savings rate to 3.3%. This suggestion was introduced by Block Analitica and revealed to the community on May 26 under the title “Stability Scope Parameter Changes #2.”...
Zondacrypto CEO: MiCA Regulations Will Stop ‘Rogue Exchanges’ From Profiting From Criminal Activity
26.5.2023
Although the implementation of the recently approved Markets in Crypto Assets (MiCA) regulations is likely to be difficult, their coming into force is going to have a positive outcome for everyone in the industry, Przemyslaw Kral, the CEO of the crypto exchange Zondacrypto, has said. Kral also...