Tag Archives: social

The TRON network accounted for 45% of all illicit volume in 2023, according to data released by analysts at blockchain forensics firm TRM Labs. TRM Labs released a report titled “The Illicit Crypto Economy” on Wednesday shedding light on the key trends in 2023 related to illicit activities and funds in the crypto space. TRON Blockchain Dominates Illicit Activity TRON blockchain network, founded by Chinese entrepreneur Justin Sun, accounted for the highest illicit activity...

It has been over 15 years since Satoshi Nakamoto introduced Bitcoin to the world, and a lot has happened within this timeframe. From being called a pyramid scheme, rat poison (sq), and proclaimed dead hundreds of times, to becoming a trillion-dollar asset with a dozen exchange-traded funds tracking its performance on the world’s largest financial market. Its adoption curve, which has recently been linked to that of the Internet from 1997, has seen some deviations on its...

Bitcoin’s price has been up by more than 60% since the start of the year and it already broke its 2021 all-time high of $69,050 and charted a new one of almost $74,000. What’s most impressive about this milestone is that the latest peak came ahead of the fourth halving for the first time ever. With just a month left until BTC’s production is sliced by half, the number of bullish predictions keeps rising, and the latest to outline $150,000 as the price target for 2024 is...

The chances of Bitcoin facing a sell-side liquidity crisis in the next few months are very high due to demand for the digital asset soaring to unprecedented levels. According to a weekly report from CryptoQuant, analysts expect the present Bitcoin sell-side liquidity inventory to cover demand for six to twelve months. Conversely, a plunge in liquid inventory could pull Bitcoin’s (BTC) price northward. Unprecedented Demand Levels Monthly demand for Bitcoin has risen from...

A meme began making its way around crypto Twitter earlier this month, pointing out that Bitcoin now has the number of active users that the Internet had in 1997. But the reality is even more interesting: Bitcoin most likely has far more users today than the Internet had the year Amazon debuted on Wall Street. That means Bitcoin investors may be running out of time to capitalize on stellar market returns driven by growth in user adoption. Our Sources: 70M Internet Users 1997 |...

Bitcoin has returned to $70,000 once again after falling below that level yesterday and failing to overcome it decisively during its recovery phase. Several altcoins, like ETH, BNB, DOGE, and SHIB, have turned red on a daily scale, but SOL has performed better and stands close to $200. BTC Returns to $70K After a relatively quiet weekend, Bitcoin’s business week started on a positive note as the asset soared from around $64,000 to $66,000 before it shot all the way up to...

The Munchables hacker, who recently exploited a weakness in the protocol and drained more than $62 million worth of Ether (ETH), has returned the keys holding the stolen funds. According to blockchain sleuth ZachXBT, the hacker allegedly worked as a developer on Munchables and has possible ties to North Korea. Munchables Loses Over $62 Million in ETH Munchables, a Web3 gaming protocol on the Blast network, suffered an exploit on Tuesday, March 26, which led to the loss of...

Metaverse has gained tremendous traction over the past couple of years, grabbing the attention of large companies across the world. But Ethereum co-founder, Vitalik Buterin, believes the concept of the Metaverse is still “poorly defined” and needs to have several elements to make it meaningful. Dissecting Metaverse During a Q&A session while speaking at the BUIDL Asia conference in Seoul, Buterin pointed out a common misconception in associating the Metaverse solely with...

FTX is looking to sell a majority of its shares in artificial intelligence startup Anthropic to over 20 buyers, including an Abu Dhabi investment company and Jane Street Global. The sale could provide ample funds for the bankrupt crypto exchange to repay creditors affected by FTX’s collapse. FTX to Sell Over 29 Million Shares from its Anthropic Stake According to court documents on March 22, FTX would sell approximately 29.5 million shares in Anthropic to a total of 24...

Amidst a broader market rebound, several DeFi-related projects appear to be bustling with development activity. Topping the list is Cosmos-based decentralized exchange Osmosis, which experienced a notable surge in development activity, emerging as the leading DeFi project over the past month. Osmosis Leads DeFi Development According to the data shared by Santiment, Osmosis recorded more than 169 GitHub commits within the previous 30 days. The crypto analytic platform’s latest...