Crypto news

Polygon, a layer-2 scaling network, nearly matched Ethereum’s user base in 2023, as reported by blockchain analytics firm Flipside. Polygon acquired 15.24 million users that year, coming close to Ethereum’s 15.4 million, with a difference of around 160,000 wallets. Polygon Topped User Acquisition in First Half of 2023 Flipside defines an “acquired” user as someone who engaged in at least two transactions on a specific blockchain, with at least one occurring in 2023. During...

The past week saw somewhat of a rollercoaster in terms of price action as Bitcoin’s decline sent ripples across the entire market. Now, however, the primary cryptocurrency is attempting a recovery, which has also treated altcoins well, many of which chart increases in the past 24 hours. Bitcoin Price Shoots to $42K At the time of this writing, Bitcoin’s price is trading at around $41.5K, charting an increase of 3.4% in the past 24 hours. This came after a sudden upward move...

How anonymous is Bitcoin, really? Not as much as you might think. People buying and selling products have to find a better alternative and there’s such an option. In the realm of digital transactions, Tumbler.io emerges as a force to be reckoned with. It meets not only the demands of sellers but also caters to the discerning needs of buyers in the cryptocurrency sphere. With an unwavering commitment to privacy, security, and efficiency, this Bitcoin mixer reshapes...

Ethereum’s Shapella hard fork was a controversial upgrade that ignited fears of selling pressure. But the latest data tells a different story. In January 2024, Intotheblock’s data revealed the highest Ethereum staking rate, reaching approximately 30 million ETH staked, accompanied by a staking participation rate of over 24%. This milestone suggested a preference for staking over promptly selling off tokens. Ethereum locked-in staking keeps surging, while only 11% of the token...

Following a previous denial by an Estonian circuit court, the local government has, once again, approved the extradition of two of its citizens suspected of cryptocurrency fraud to the United States. The suspects are accused of running a fake crypto service that defrauded unsuspecting victims of over $500 million. According to local news outlet Postimees, Ivan Turogin and Sergei Potapenko will be extradited to the US, with Estonia’s Ministry of Justice stating that there was...

According to Manhattan federal prosecutors, Mark Scott, a former partner at the U.S. law firm Locke Lord, has been sentenced to 10 years in prison for his involvement in a $400 million fraudulent cryptocurrency scheme. The sentencing took place on Thursday, and Scott was found guilty of conspiracy to commit money laundering and conspiracy to commit bank fraud in November 2019, linked to his role in the OneCoin cryptocurrency fraud. Judge Orders $392 Million Forfeiture U.S....

Following the guilty plea of Changpeng Zhao (CZ), founder and former CEO of crypto exchange Binance, in November 2023, several American states have asked the local arm of the trading platform to refrain from servicing their residents. The Wall Street Journal reported that authorities in Florida and Alaska recently instructed Binance.US to cease its services in the regions. Florida and Alaska Restrain Binance.US Recall that the Department of Justice (DOJ) announced a $4.3...

A significant shift is occurring in the Bitcoin mining landscape as the fourth halving event approaches, which is set to reduce the supply subsidy of BTC from 6.25 BTC for every block to 3.125 BTC per one. With approximately just 82 days left, Bitcoin miners appear to be selling their reserves, according to the latest analysis by CryptoQuant. Miners Brace for Reduced Rewards in Halving A notable reduction was observed in the Bitcoin reserves held by miners, coupled with a...

Bitcoin’s price has been making lower highs and lows recently, following a decisive rejection from the significant $48K level. Investors are now wondering whether the uptrend is over or a new all-time high is still on the cards. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been formed and broken below an ascending channel below the $48K resistance level. This is a corrective (or bearish reversal) pattern, especially in case the price...

[PRESS RELEASE – London, Uk, January 26th, 2024] In a significant development for the cryptocurrency industry, Wooooo! Coin has announced its listing on two major exchanges, MEXC and Bitmart. This move represents a key step forward in Wooooo! Coin’s growth and accessibility, bringing the unique energy of WWE/AEW legend Ric Flair to the world of digital assets. Key Listings on Prominent Exchanges Wooooo! Coin has successfully secured listings on MEXC and Bitmart, two renowned...