Layer 1 tokens ADA, ALGO, DOT, SOL among best performers as capital rotation from stalling BTC lifts altcoins. Bitcoin may revisit $40,000 to “fill CME price gap,” crypto analyst Willy Woo speculated. Native tokens tied to layer 1 (L1) blockchains gained the most Friday, with Cardano (ADA) being the best…
A hacker that exploited the Uranium Finance DeFi platform in 2021 may have used “Magic: The Gathering” trading cards to try and launder their loot after running it through the Tornado Cash mixing service, the pseudonymous blockchain sleuth ZachXBT said on Thursday. In a thread on X, ZachXBT outlined a…
Avalanche, the fourth-generation proof-of-stake (PoS) blockchain, incurs significant costs to incentivize its validators. Token Terminal data on December 7 shows that in the past year, the smart contract platform paid over $275 million in AVAX to compensate its validators despite generating only $11.5 million in user fees. Avalanche Is Paying A Premium…
BANGALORE, India — A division of professional services firm Deloitte, one of the “Big Four” accounting firms, will use the Polkadot-based Kilt blockchain to offer logistics and supply-chain services focused on the shipping industry. Ingo Rube, founder of the KILT Protocol, told CoinDesk in a fireside chat at the India…
Gradually, then suddenly, as they say, bitcoin (BTC) is becoming mainstream. The biggest asset managers in the world like BlackRock and Fidelity have lined up to launch a spot bitcoin ETF in the U.S. Based on the Grayscale Bitcoin Trust’s NAV discount, which has narrowed dramatically, the market assigns a…
In addition to its price hitting a 19-month high, Bitcoin dominance also hit local highs, topping 54%. However, a minor retreat in the metric and a potential BTC correction could be good news for altcoins. On Dec. 4, crypto trader Jacob Canfield commented on the dominance decline and potential for…
A crypto analyst has explained how the range around $2,000 could become a major Ethereum support base for years, making it not too late to buy ETH right now. 43.8 Million Ethereum Was Acquired Between $1,900 And $2,100 In a new post on X, analyst Ali has discussed about why…
Antonio Juliano’s decentralized exchange dYdX could be said to be one of the most successful projects ever launched on Ethereum. In 2021, Bloomberg reported that dYdX briefly overtook Coinbase, the largest U.S.-based exchange, in trading volumes – although the comparison between derivatives and spot trading, which dYdX and Coinbase focused…
Volumes on HashKey Exchange surged to many times their normal level late last week — an apparent trading frenzy the company put down to a token rewards program. Daily trading on the month-old exchange rose to a high-point of around $4.5 billion on Dec. 1, according to CoinGecko data. By comparison,…
Altcoins, or alternative cryptocurrencies, have become a buzzword in the digital currency landscape, offering a world beyond Bitcoin (BTC). This guide explores the essence of altcoins, answering the pivotal question: What are altcoins? From the historical rise of altcoins to the exciting phenomenon of altcoin season, we delve into the…