With the increasing diversity of offshore markets, Binance‘s dominance in the Bitcoin market share has dropped to 55%. On the other hand, Bybit has gained significant ground, rising from a 2% share to a leading 9.3%. The proportion of Bitcoin and altcoin trading outside the US market that Binance controls has noticeably decreased. Binance’s dominance … Read more
After the Bitcoin (BTC) halving, the income of miners has progressively dropped. This trend is due to a significant decrease in the typical transaction fee on the network. Based on YCharts’ reported data, the typical Bitcoin network transaction fee decreased by approximately 28% over the last 24 hours and was roughly equal to $24.99 when … Read more
The Velvet Capital team advises against linking your digital wallets to the protocol’s site due to a possible security risk from an attack on the website’s user interface. A decentralized finance (defi) protocol named Velvet Capital, functioning as an asset management dashboard, might have been attacked by hackers. On April 23rd, through a post on … Read more
A person who invests in cryptocurrencies unfortunately got tricked by a phishing scam on the Ethereum network. As a result, they lost approximately $180,000 in USD Coin (USDC) and ANDY (ANDY), a newly introduced meme coin based on Pepe. According to information from Etherscan, an incident transpired on April 23 between 05:39 and 06:29 UTC, … Read more
The SEC in the Philippines is aiming to take down the Binance app from both Google Play and Apple’s app marketplaces across the country. On April 9th, the commission issued letters to Google and Apple asking them to take down apps enabling Binance’s trading platform access. This action followed the Philippine National Telecommunications Commission’s blocking … Read more