Tag Archives: ethereum

US government debt is projected to skyrocket over the next decade as consumers cross an all-time high in debt accumulation. Citing data from the New York Fed’s quarterly report on household debt and credit, business data provider Statista says that the total household debt skyrocketed to a historic high of $17.05 trillion in Q1 of 2023. The “faster-than-usual” ascent in …

The chief executive of a $5.61 billion private investment firm warns the crisis in the banking sector is not yet over. In a new Bloomberg Invest interview, Soros Fund Management CEO Dawn Fitzpatrick says that more bank failures are in sight as she believes the embattled sector is still flashing red flags under the hood. “I think you are going …

Ethereum (ETH) competitor Solana (SOL) witnessed an explosion in on-chain activity last month, according to the crypto data firm Nansen. Nansen notes that Solana’s monthly active address count surged by 86% in May, reaching a total of 9.5 million addresses, which ranks third among all chains. According to Nansen, active addresses refer to the number of addresses that have executed …

Disgraced Terra (LUNA) founder Do Kwon reportedly relocated tens of millions of dollars worth of crypto away from a Luna Foundation Guard wallet after his arrest in March. South Korean prosecutors, who are trying to track down the missing trove of digital assets, say it’s likely Kwon either personally moved $29 million in crypto or had someone else do it …

The U.S. Department of Justice (DOJ) is charging two Russian nationals for their alleged involvement in the infamous hack of defunct crypto exchange Mt. Gox. In a new press release, the DOJ says that it is charging two Russian citizens – 43-year-old Alexey Bilyuchenko and 29-year-old Aleksandr Verner – for allegedly conspiring to launder hundreds of thousands of Bitcoin (BTC) …

In the first part of this series, I discussed the U.S. Securities and Exhange Commission’s recent charges against Coinbase and Binance, their inability to properly regulate the crypto industry, the history of digital assets in the congressional record, and the significant decline in the mentions of digital assets by the U.S. Government. For this part, we will delve deeper into …

Quick Take Ethereum gas usage by transaction type, specifically at stablecoins and NFTs, continues to drop. Stablecoin gas usage is currently at three-year lows, roughly 5% of the total gas usage, according to Glassnode data as of June 9. USDT makes up over 75% of gas usage on Ethereum. However, this demand seems to be continually migrating to Tron as …

Blockchain analytics platform Santiment says one key metric is flashing a signal that suggests a crypto market reversal is on the horizon. Santiment says that discussions using certain crypto terms on social media platforms are rapidly cooling off, indicating that the latest market dip may be close to reaching a bottom. “Crypto discussion rates across Twitter, Telegram, Discord, Reddit, and …

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Ethereum (ETH) needs to execute three “crucial transitions” to ensure its place in the future, according to Vitalik Buterin, the project’s founder. Buterin says in a new blog post that it’s necessary for Ethereum to achieve scalability, wallet security and privacy. “As Ethereum transitions from a young experimental technology into a mature tech stack that is capable of actually bringing …

Bitcoin dominance is rising as crypto investors attempt to decipher the impact of the recent SEC lawsuits against Coinbase and Binance. Investors appear to be converting tokens proposed as securities by the SEC into less disputable assets such as Bitcoin. Crypto dominance Since the lawsuits were filed on June 6, the total market cap of the crypto industry has fallen 6.4% …

An unknown crypto whale is suddenly moving trillions of Shiba Inu (SHIB) tokens as the top memecoin dipped this week. Blockchain-tracking service Whale Alert notices that a deep-pocketed entity moved a total of 4,000,379,151,023 SHIB worth $31.7 million from Shiba Staking to the top global crypto exchange Binance. Shiba Inu was trading for about $0.00000792 at the time of the …