According to Glassnode’s analysis, the growing popularity of staking platforms could influence Ethereum‘s function as a monetary asset in the future. As of April 13, the introduction of EigenLayer and LRT staking mechanisms boosted Ethereum’s portion of staked coins to approximately a quarter of the total supply, amounting to around 31.4 million ETH. Analysts noted … Read more
Railgun, a privacy protocol, refutes allegations that it has been used by North Korean hackers or authorized individuals as suggested by the FBI in the past. In January 2023, the FBI made a declaration that kick-started the claims, implicating North Korea’s Lazarus group in laundering approximately $60 million worth of Ethereum using Railgun. The funds … Read more
The highly anticipated “Bitcoin Halving” within the cryptocurrency world saw a significant surge in interest and search volume on Google. Every four years or so, the reward for mining Bitcoins gets cut in half – this event is called a Bitcoin halving. The initial halving happened back in 2012, and we’re just three days away … Read more
PayPal is planning to change its security procedures for buying and selling Non-Fungible Tokens (NFTs), signifying a significant departure from its earlier stance of facilitating such transactions. Starting May 20, the payment company’s Seller Protection Program terms will no longer cover Non-Fungible Token (NFT) sales worth $10,000 or more, as stated in their conditions page. … Read more
In simpler terms, the South Korean won has become the most commonly used currency for trading cryptocurrencies globally, surpassing the US dollar. Based on data from a Q1 2024 report by research company Kaiko, cryptocurrency trades using the Korean won amounted to approximately $456 billion on centralized exchanges. This total exceeded the $445 billion worth … Read more