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Glassnode and Ark Invest Introduce ‘Cointime Economics’ — A New Model to Measure Bitcoin’s Value

27.8.2023
Researchers from Glassnode and Ark Invest have collaborated to develop a new economic model for analyzing Bitcoin’s onchain metrics called “Cointime Economics.” The framework offers an alternative way to measure the economic activity and value of bitcoin based...

NFT Sales Dip 14%, Yet Buyers Increase: Weekly Report Reveals $91 Million Traded

27.8.2023
According to the latest statistics, sales of non-fungible tokens (NFTs) have taken a 14% dip compared to the preceding week, tallying up to $91.86 million in the past seven days. Interestingly, the count of purchasers rose by 38%; however, NFT transactions witnessed a decline of over 30% during...

Base Network's Friend.tech App Leads in Activity, Surpassing Arbitrum and Optimism

22.8.2023
Base-based, Twitter-linked Friend.tech app has seen revenue, fees, and activity jump significantly since Friday - surpassing a number of large projects, Layers 2, and Layers 1. Looking at the revenues at 9:20 on Tuesday morning (CET), over the past 24 hours, Friend.tech took the 3rd place with...

As Ordinal Transaction Dominance Soars, NFT Advocates Question Bitcoin’s Reported Downturn

21.8.2023
Metrics reveal a significant day for the Bitcoin blockchain as 411,511 Ordinal inscriptions were minted Sunday, clinching the title of the second most prolific day for inscriptions ever. Additionally, over the past seven days, Ordinal inscriptions represented a hefty 53.9% of all transaction...

Coinbase's Global Exchange Surges with $280 Million Daily Trading Activity – Can it Overtake Binance?

20.8.2023
Coinbase's offshore derivatives exchange has experienced a significant surge in trading activity, with volumes approaching $300 million per day. According to data from The Block's data dashboard, Coinbase International, which facilitates trading in perpetual futures contracts, has consistently...

Coinbase CEO Acknowledges User Concerns and Vows to Enhance App Experience Amidst On-Chain Activity Surge

14.8.2023
Coinbase CEO Brian Armstrong acknowledges that the surge in on-chain activities on the new layer-2 network Base has revealed significant flaws in the user experience of the Coinbase app and is committed to enhancing it. In an August 13 Twitter post, Armstrong pointed out various issues that have...

3 reasons why Ethereum price is still pinned below $1,900

10.8.2023
PayPal’s stablecoin announcement and a handful of Ether ETF applications are bulls’ biggest hopes for a price trend reversal

Fed Starts New Program to Oversee Crypto Activity in U.S. Banks

8.8.2023
The U.S. Federal Reserve is starting a new program for overseeing banks’ crypto activity, and it further clarified its requirement that the lenders under its authority get approval before engaging in digital assets activities

Hong Kong securities regulator warns of ‘criminal’ activity by unlicensed exchanges

7.8.2023
Under the Securities and Futures Commission’s licensing regime, which started June 1, crypto firms offering services or operating in Hong Kong must comply with new requirements

Bitcoin’s Historic Surge: Record 682,281 Transactions in a Day Mark 2023 as Year of Increased Activity

6.8.2023
In a year marked by historic milestones, the Bitcoin network has recorded its most active period ever, processing the highest number of confirmed transactions per day. The network reached an all-time high on May 1, 2023, with 682,281 transactions. This unprecedented activity began its upward trend...

Social Media Bots Played Crucial Role in Inflating Value of FTX-Listed Crypto Assets, Report Finds

4.8.2023
New analysis from the Network Contagion Research Institute (NCRI) reveals that bots on the social media platform X (formerly Twitter) likely played a major role in amplifying the value of cryptocurrencies tied to the now-defunct FTX exchange and its sister firm Alameda Research. Social Media Bots...

Kenyan Government Suspends Worldcoin Activity on Financial Security, Privacy Concerns

2.8.2023
Kenya is the first country to fully suspend Worldcoin operations. Data protection offices in Europe have started investigations

Bitcoin, Ethereum Technical Analysis: BTC Slightly Higher Ahead of This Week’s US Economic Data

31.7.2023
Bitcoin started the week trading higher, as markets prepared for a big week of economic data in the United States. The headline announcement will be Friday’s nonfarm payrolls, in addition to services and manufacturing activity data. Ethereum continued to trade above a key support point...

Top 5 South Korean Crypto Exchanges Reveal Compliance Strategies to Curb Illicit Activities

28.7.2023
According to a statement published by the South Korean Financial Services Commission (FSC), the entity’s Korea Financial Intelligence Unit held a meeting with virtual asset service providers (VASPs) in order to strengthen regulatory compliance. The top five South Korean cryptocurrency...

Nigerian Central Bank Says Amended CBDC Model to Ensure Increased Volumes and Wallet Activity

27.7.2023
The Nigerian central bank has said it is amending the model of its central bank digital currency and is hopeful that such an exercise will result in “an increase in the volume and activity of wallet holders.” According to the acting governor, the central bank is also working towards...

Federal Reserve Raises Federal Funds Rate by 25bps Amidst Moderate Economic Growth

26.7.2023
In the latest Federal Open Market Committee (FOMC) report, it was stated that the U.S. economy has been experiencing moderate growth and members of the committee have decided to raise the federal funds rate by 25 basis points (bps) in order to keep a handle on inflation. Fed Raises Benchmark Bank...

Wall Street Grapples with Crypto Custody: Nasdaq's Decision Sparks Activity

25.7.2023
A decision by the Nasdaq stock exchange to shelf its plans to launch a crypto custody service has led other US firms to also reconsider their planned push into crypto. Following the Nasdaq news, major investment bank Citigroup is now also taking time to rethink its approach to crypto, with...