Newly released data suggests that self-custody has experienced a notable surge while Ethereum fees have plummeted by 70%. After hitting a peak of $14 per ETH transaction in May, the average Ethereum fees have now decreased to $4.3, returning to their usual levels. Ethereum users have been struggling with high transaction costs for a long time. Thus, the recent reduction …
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Trust Reserve formerly known as CNHC Group which is the issuer of CNHC stablecoin is said to be detained by the Chinese police. A local news channel in China, PANews reported this on May 31 after they got some information. The group had lost contact since the afternoon of May 29. It is said that some family members have been …
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According to Messari data, Cardano, the third-largest smart contract platform by market capitalization, has experienced a significant increase in transaction fees. On May 28, the Cardano network recorded a remarkable surge in transaction fees, reaching a record high of $15.2K, the highest since Aug. 11, 2022. This indicates a surge in network activity and demand. Cardano Reaching New Heights Ethereum, …
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In less than a year since their debut, Reddit’s digital collectible avatars have seen an astounding surge in popularity. Launched in July 2022, these unique non-fungible tokens (NFTs) are on track to attract a staggering 10 million holders. Figures from Dune Analytics reveal the current count stands at 9,909,465, with the lion’s share of holders owning a single avatar. Brought …
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The DeFi community worldwide is worried after the significant sell-off of Multichain’s project token, MULTI. A tweet triggered the panic which stated that the users were getting delayed in receiving the assets and also a rumour of an insider dumping tokens was spread. After this incident, users doubted Multichain’s stability, which has a TVL of $1.5 billion. https://twitter.com/ScopeProtocol/status/1661319098712870912?s=20 Massive Transfer …
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OpenAI has announced the closure of a $175 million investment fund, which may spark a financial revolution in the AI-Crypto industry. This fund marks a noteworthy milestone in the progress of financial technology and has the power to significantly impact the development of both AI and cryptocurrency. About Open AI In 2015, a set of tech experts, including Elon Musk …
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Looking at the growing popularity of the metaverse, a Chinese city named Nanjing which is the capital of the eastern Jiangsu province of China has launched a metaverse project which is fully backed by the government to encourage advancements in the area of the metaverse and also for research purposes. Metaverse- A Good Business Opportunity NUIST (Nanjing University of Information …
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According to Ledger, a well-known producer of digital currency wallets, the US government has the ability to get information about users’ private keys through the Ledger Recover feature, as long as a subpoena is issued. About the Recovery Feature During an interview, Pascal Gauthier, the CEO of Ledger, stated that their wallets do not possess any backdoor. Nonetheless, it was …
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Several prominent non-fungible token (NFT) collections are navigating rough seas this year, with their floor prices seeing considerable drops. Despite the thriving crypto markets, which expanded by 40% since the start of the year, NFTs have been unable to replicate this bullish trend, with notable collections from 2022 facing significant challenges. ‘HashBastards NFTs’ disclosed a notable dip in the floor …
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Lava, a trailblazing fintech company, has announced the launch of a ground-breaking self-custody wallet and a Bitcoin-based decentralized finance (DeFi) platform. Lava’s innovative loan protocol enables users to safely borrow stablecoins, utilizing bitcoin as collateral, a strategy aimed at eliminating threats associated with custodian rehypothecation and bridge vulnerabilities. Lava’s CEO, Shehzan Maredia, highlighted the revolutionary nature of their approach. “We …
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