In recent months, the Cardano (ADA) ecosystem has seen significant growth across various key metrics. Despite the bearish market sentiment affecting ADA’s price, the Cardano Foundation reported increased investor activity and blockchain usage. Smart contract transactions surged by 31%, metadata transactions grew by 20%, while simple transactions faced a decline of 49%. Overall, Cardano recorded
Gamee, a prominent player in the mobile gaming sector, has made a significant move by venturing into the blockchain gaming space with its latest game, WatBird. This innovative game aims to bridge the gap between casual gaming and blockchain technology, offering gamers an accessible introduction to Web3. WatBird’s main attraction is Wat Racer, a compelling
In 2024, the US Securities and Exchange Commission (SEC) set a new record by imposing fines totaling $4.68 billion against cryptocurrency companies. This marked a significant escalation in the agency’s regulatory actions, with the total amount of fines levied since 2013 reaching $7.42 billion. The spike in fines in 2024 accounted for 63% of the
In recent months, Coinbase has experienced a significant drop in market share, according to a report by research firm Kaiko. While Coinbase previously held over 50% of the US crypto market earlier in the year, its market share has now fallen to 41% as of early September. This decline has opened up opportunities for smaller
Bitcoin (BTC) faced a significant price drop over the weekend due to the release of August nonfarm payrolls (NFP) data that did not meet analysts’ expectations. The cryptocurrency saw a sharp decline of almost 5% after the NFP data release, dropping below the $54,000 range, which was its lowest level since early August. This price
Grant Thornton, a leading global auditor, recently conducted a comprehensive review of Liminal’s infrastructure in response to the WazirX hack on July 18. The audit reaffirmed that Liminal’s systems were not compromised during the hack. The investigation found no evidence of compromise in Liminal’s frontend, backend, or user interface (UI). The platform, known for offering
Friend.tech, a once-promising decentralized social media platform, has recently made a controversial decision to give up control of its smart contracts and transfer ownership to Ethereum’s null address. This move has not only affected the platform’s ecosystem but has also had a significant impact on the value of the FRIEND token. While this decision has
Ethereum, one of the largest cryptocurrencies by market cap, seems to be struggling as it remains one of the worst performers in the market. Investors are feeling the pressure as the price of ETH continues to drop, pushing many into the red. There is a looming possibility that the price of Ethereum could plummet below
Crypto analyst Daan Crypto recently highlighted a Bitcoin Rainbow Chart, providing insights into the current price action of the cryptocurrency. The analyst emphasized the importance of Bitcoin holding above $60,000 to initiate a bullish reversal in the market. Daan Crypto suggested in a post on X (formerly Twitter) that Bitcoin needs to break above the
The United States Federal Bureau of Investigation (FBI) recently released a paper warning the public about the increasing threat of “aggressive” attacks by North Korean hackers targeting the cryptocurrency industry and companies associated with digital asset investment products. These attacks are primarily carried out through sophisticated social engineering tactics that are difficult to detect, even