Layer-2 monthly active users and daily transaction counts have both doubled since March 2024, according to Token Terminal. Source: https://cointelegraph.com/news/ethereum-network-revenue-collapses-third-quarter-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Bluesky Signups Soar By 1 Million After X is Banned in Brazil
Bluesky, the decentralized X (formerly Twitter) alternative—co-founded by former Twitter CEO Jack Dorsey—has catapulted to prominence in Brazil, gaining a staggering 1 million new users in just three days. The surge comes on the heels of a court-ordered suspension of X in the South American nation. The rapid influx of Brazilian users was more than welcomed by the social media…
Russian Analyst Examines Post-Airdrop Performance of Hamster Kombat Token
Vladislav Antonov, a financial analyst at Bitriver, one of Russia’s largest mining data center operators, believes that post-airdrop interest in Hamster Kombat, the popular tap-to-earn game, will grow quickly. However, if the game fails to evolve from its current ‘clicker’ state, this interest might wane, and users may migrate to other similar projects. Interest In […] Source: https://news.bitcoin.com/russian-analyst-examines-post-airdrop-performance-of-hamster-kombat-token/
Brazil Supreme Court upholds judge’s decision to suspend Elon Musk’s X
The Tesla CEO has used his platform on X to hint Brazilian residents should defy the judge’s order using VPNs, despite the risk of fines. Source: https://cointelegraph.com/news/brazil-supreme-court-judge-suspend-elon-musk?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
US Government ‘Must Do More’ to Help Jailed Binance Exec in Nigeria, Wife Says
The wife of a senior Binance executive accused of laundering $35 million in Nigeria has issued a plea for the U.S. government to intervene in what she considered to be the unlawful detention of her husband, Tigran Gambaryan. Gambaryan, a former IRS agent, has been held in a Nigerian jail since February on money laundering charges. Gambaryan’s health has deteriorated…
Why is the SEC going after digital art and monkey pictures? Law Decoded
OpenSea faces SEC scrutiny as the debate over NFTs as unregistered securities heats up, causing a stir in the crypto world. Source: https://cointelegraph.com/news/sec-targets-opensea-nfts-digital-art-august-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Elon Musk-Themed Telegram Game ‘X Empire’ Reveals End of Mining Ahead of Airdrop
X Empire, formerly known as Musk Empire, has announced when its mining phase will end. This means the project’s airdrop isn’t far away. Elon Musk-themed Telegram crypto game X Empire, formerly known as Musk Empire, has announced that it will be ending its “mining phase” on September 30. This sees the tap-to-earn game entering the last month for players to…
Looser Fed policy, global macro trends point to bullish outlook for Bitcoin — Analysts
Bitcoin may be decoupling from concerns about a US recession and aligning more closely with the US dollar’s performance and signs of easing monetary policy, according to ETC Group. Source: https://cointelegraph.com/news/looser-fed-policy-global-macro-trends-bullish-outlook-bitcoin-analysts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin miner revenues dwindle as halving erodes mining volumes: Bitbo
Mining revenues hit 12-month lows in August, according to Bitbo. Source: https://cointelegraph.com/news/bitcoin-mining-revenues-dwindle-halving-erodes-mining-volumes-bitbo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Google Trends Data Reveals Cooling Interest in Bitcoin Amid Market Uncertainty
As bitcoin prices slipped under $60,000 in early September, the once-electric excitement around bitcoin seems to have dimmed, as reflected in Google Trends data. Back on Jan. 1, 2024, the search term “bitcoin” was coasting along with a score of 57 out of 100, but fast forward to now, and it’s plunged to 32. When […] Source: https://news.bitcoin.com/google-trends-data-reveals-cooling-interest-in-bitcoin-amid-market-uncertainty/