Tag Archives: social

Stacks, a Bitcoin Layer 2 solution, had major growth over the last year with a 3,386% quarterly and 3,028% annual increase in its revenue, reaching $637,000. The market capitalization of Stack’s native cryptocurrency, STX, experienced a significant surge of 203% quarterly and an impressive 598% year-over-year, reaching a milestone of $2 billion. Stacks Q4 Report Reveals 363% TVL Increase Messari’s “State of Stacks Q4 2023” report pointed to a 363% quarterly increase in total...

In spite of the fact that Coinbase has always been one of the most well-known trading platforms, business within the past few years hasn’t been much easier for them than lesser-known exchanges. Between crypto winter, an ongoing lawsuit, the need for personnel reductions, and the other expenses of running a business, Coinbase has suffered business contraction for about two years now. However, the exchange’s fortunes have changed. First Profitable Quarter in Two Years...

Bitcoin’s (BTC) uptick by more than 15% this week has caused the asset to hit new all-time highs (ATHs) against several depreciating fiat currencies. With the leading cryptocurrency recording new highs against the Argentine peso (ARS), the Japanese yen (JPY), the Turkish lira (TRY), and the Nigerian naira (NGN), anticipation is rising about when it will register an ATH against the United States Dollar (USD). BTC Records New Highs As reported by CryptoPotato earlier this week,...

After numerous consecutive days of charting impressive gains, Bitcoin has calmed at just under $52,000. The altcoins have also stalled following the recent price surges, with ETH dipping below $2,800 and AVAX slipping below $40. BTC Calms Below $52K The primary cryptocurrency had a highly impressive run over the past ten days. It all started on February 7 when the asset finally broke out of its tight range in which it stood for a week – at around $43,000. The bulls took...

South Korea’s crypto landscape was dominated by Upbit for the longest time. However, there seems to be a shift underway as Bithumb gains momentum, gradually capturing Upbit’s market dominance. The latest development surfaces amid intensifying crypto trading activity in South Korea, particularly with the surge in Bitcoin trading. Bithumb’s Market Share Peaks at 72% Crypto trading activity in South Korea has seen a notable increase, particularly in light of the broader market...

After entertaining the possibility of restarting FTX following the bankruptcy process for a long time, lawyers for the defunct exchange have announced that that plan is now scrapped, and the company will simply dissolve once all debts are paid off. Andrew Dietrich, one of the lawyers representing FTX in the court case, stated that although repayment of creditors in full is not yet guaranteed, it is an objective that is definitely attainable. Creditors would only be receiving...

Two top executives of Swiss-based cryptocurrency custody provider Metaco have reportedly departed the firm less than a year after landing an acquisition deal with blockchain solutions company Ripple. According to a CoinDesk report citing a Ripple spokesperson, Adrien Treccani, Metaco’s founder and CEO, and CPO Peter DeMeo have left the firm. Metaco is yet to announce the employees who will fill in those roles. Metaco CEO and CPO Leave Firm Metaco has not revealed the reason...

Many industry experts have given their two cents on the future of the crypto market in the next 12 months, and most of them lean bullish. The most common reason is Bitcoin. In April 2024, the cryptocurrency will go through its pre-programmed halving, which will slash block rewards in half. This means that the supply available for miners to sell will effectively decrease by 50%. If the demand for it remains the same or it increases, the price will go up – that’s how markets...

Farcaster, an Ethereum Layer 2 Optimism-based decentralized social protocol, has seen its total revenue surge to $600,000. The platform’s rise has been likened to FriendTech, another decentralized social network, which attracted a lot of users initially until it grappled with high fees that led to its failure. Farcaster’s Growth Surges with Frames Integration Farcaster initially caught users’ attention in early December 2023 and saw a modest increase in users paying for...

A trader has recently managed to make a substantial profit of $59,000 in just 11 hours from an initial investment of 1 Ethereum (ETH), valued at $2,500. The trader managed to do this by leveraging the MINER token based on the ERC-404 token standard and using strategic high-gas transactions. The Trader’s Strategy Lookonchain Analytics shared insights into their strategy through a post on X. The trader began by withdrawing 1 ETH from the popular cryptocurrency exchange Binance...