Crypto news

Ripple has announced that South Korea’s Yonsei University is the latest to become a partner in its University Blockchain Research Initiative (UBRI) program. This new collaboration with the popular South Korean academic institution brings Ripple’s global UBRI partnerships to 58, with 12 of them located in the Asia Pacific region. Yonsei University will engage in a multi-year effort to drive research in blockchain technology, focusing on areas like artificial intelligence,...

Ethervista, which is being described as the “Pump.fun” of Ethereum, released its whitepaper on Aug. 31, claiming to be a “value-compounding deflationary currency” with the token VISTA. Pump.fun is a Solana-based marketplace that allows users to easily create and distribute their own tokens, which are primarily meme coins. Its gas usage has surged to become the top consumer guzzling 150 ETH in gas over the past day, according to Dune Analytics. Deflationary DeFi Asset The...

The recent hack of the cryptocurrency exchange WazirX has witnessed a significant development. The hackers have transferred 2,600 ETH, worth approximately $6.5 million, to Tornado Cash, a cryptocurrency mixer that is under U.S. sanctions. This action, identified by the security firm PeckShield, is a common technique used by cybercriminals to obscure the trail of stolen funds and make it more challenging for authorities to trace and recover them. On the 18th of July 2024, WazirX was struck by...

Threshold has proposed a merger of its tBTC token with WBTC as the industry is concerned for the latter’s future. Threshold, a protocol offering a decentralized version of wrapped bitcoin through its tBTC token, has proposed a merger with BitGo’s WBTC token in an effort to “save” the biggest wrapped bitcoin token by market cap. WBTC’s future has become concerning for the crypto community after BitGo partnered with Hong Kong-based BiT Global to expand its foothold beyond the United States....

Pump.fun, a memecoin launchpad that launched in January 2024, has quickly become one of the hottest platforms in the crypto industry, recently surpassing $100 million in total cumulative revenue for its developers. According to a dashboard maintained by Dune Analytics, this figure reflects the platform’s remarkable growth, along with users’ interest. Pump.fun obtains its revenue from a 1% charge on each transaction, which is quite appealing to the developers. However, to sustain the future...

There has been a shift in the Ethereum market, as rising exchange reserves signal a potential new distribution phase coinciding with growing concerns over a death cross. This is evidenced by CryptoQuant’s Ethereum Exchange Reserve metric, which tracks the amount of ETH held in exchange wallets. Ethereum in Jeopardy When the metric rises, it often suggests that traders are moving their ETH onto exchanges, preparing to sell, which can increase supply pressure and contribute to...

Cardano introduces the Chang hard fork, a step towards decentralized governance. The new governance system includes DReps and a tricameral layout to ensure balanced decision-making. The Cardano blockchain has taken an immense step toward decentralized governance with the release of the Chang hard fork. At 10:44 p.m. London time on Sunday, Cardano began handing control of its $13 billion blockchain to holders of its native ADA coin. This is the first stage of the blockchain’s shift to a fully...

The Chief Legal Officer at Ripple Stuart Alderoty has publicly criticized the U.S. Securities and Exchange Commission (SEC) over its use of the phrase “crypto asset security.” In a post published on his official X account, the lawyer argued that the term is a made-up concept that has no legitimate grounding. Lawyer, Court, Call Out Commission for Use of Phrase In addition, Alderoty accused the financial watchdog of using the words to mislead judges and the public in its legal...

Alongside a lackluster market, there has been a significant decline in whale activity across most major crypto assets. According to the latest analysis by Santiment, Bitcoin and Ethereum are seeing noticeable drops in $100k+ transactions. Whale Activity Plummets During the highly active period of March 13-19, Bitcoin saw 115.1k transactions valued at over $100k each, reflecting intense activity from large holders. However, by 21-27 August, this number had nearly halved to...

TL;DR A blockchain-based game within the Shiba Inu ecosystem, is now available on iOS, allowing players to use their Shiboshi NFTs in missions and battles. Recently, the SHIB team upgraded another game within the ecosystem called Shiba Eternity. iPhone Users Get Ready According to an announcement by PlayWithShib, Agent Shiboshi (a game developed as part of the Shiba Inu ecosystem) is now available on iOS. The development follows “an amazing response” from Android users....