Crypto exchange Binance’s market share in spot trading has fallen to 40% in late 2023, compared to 62% a year ago. According to the November 6 report by blockchain analytics firm 0xScope, the exchange has lost one-third of its market share in the past 12 months. “Binance’s spot trading volume has seen a significant decline in the past year, perhaps…
The long-awaited “crypto spring” may be upon us as Bitcoin (BTC) and other cryptocurrency markets rise in anticipation of a full-on bull market. Over the recent crypto winter, many different projects have been growing, gaining users and building new networks. Some of these, like Polygon, are layer-2 (L2) solutions to help scale the primary protocol, Ethereum. But what are the…
Ether (ETH) price surged by 6.2% from Nov. 3 to Nov. 5, but the altcoin faces difficulty in breaking the $1,900 resistance. Despite the current bullish trend, Ether’s 17% return over the last 30 days falls short of Bitcoin‘s (BTC) impressive 27% gain during the same period. Regulatory hurdles and ecosystem centralization critiques linger Analysts attribute some of Ether’s underperformance…
ShuttleFlow, the ecosystem multichain protocol operated and maintained by Conflux Foundation, also known as the Shanghai Tree-Graph Blockchain Research Institute, will shut down after two years. The ShuttleFlow technology stack will instead be transferred to Web3 studio Zero Gravity, which will continue to develop the protocol under a new brand. “All user funds are secure and will be migrated from…
The price of XRP has shot up 11.5% overnight, making it the best-performing cryptocurrency in the top ten. At the time of writing, the fifth biggest cryptocurrency was last trading hands for $0.71, according to CoinGecko. Stepping back, and the picture is even more bullish, with XRP jumping 24% over the past week Investors may be feeling more bullish after…
Stablecoins circulating in the market aren’t currently seen as having “systemic importance,” wrote the Bank of England in a new discussion paper. But that may soon change. If there are pound-based stablecoins being used daily in the UK, such a crypto asset would likely have a much greater influence over the economy. That’s why the same discussion paper also outlined…
Telegram Wallet, a major Telegram bot allowing users to buy and sell cryptocurrencies like Bitcoin (BTC), has chosen custody over self-custody to chase easier onboarding goals, according to a senior executive. In July 2023, crypto-friendly Telegram messenger officially announced the integration of the custodial crypto wallet, Telegram Wallet, to allow users to access the wallet directly from the messenger’s settings.…
Several attendees of Yuga Labs’ ApeFest event on Nov. 4 in Hong Kong reported eye-related issues, including burns, damaged vision and “extreme pain” in their eyes. Yuga Labs’ official X account has now addressed the issue, claiming they are aware of the reports of potential eye-related issues to many attendees and are investigating the cause behind them. I just opened…
The rapid emergence of artificial intelligence (AI) into the public sector has proven to be one of the biggest developments of the year on a global scale. Major industries have been turned upside down with AI now on the scene. In the creative sectors, the music industry in particular, AI is often seen as a double-edged sword: a creativity kickstarter…
Attendees of Bored Ape Yacht Club’s ApeFest concert have reported experiencing extreme eye pain that’s prompted some of them to visit the hospital. “To all my friends who suffer now: go get your eyes checked. You’ve likely most literally got your eyes burnt with UV like I did, which requires medications, eye drops, eye protection, antibiotics, and specialist care,” wrote…
