Concentration of Ether among Large Holders Raises Concerns for Ethereum Investors
According to reports by IntoTheBlock, a significant portion of the Ether supply, accounting for 39%, is owned by a limited number of addresses. This stands in contrast to Bitcoin, where the share of large holders, also known as whales, does not exceed 11% of the total supply. This observation by ...
Coinbase Launches Second-Level Base Test Network for Building Decentralized Applications
Coinbase, one of the largest cryptocurrency exchanges, has recently launched a test network for its second-level Base solution. The technology is based on Ethereum and utilizes Optimism technologies. The Base network, aimed at becoming the primary platform for building decentralized applications, ...
Armenian Entrepreneur’s $15K Investment Turned $82.3M in Ether
An Armenian entrepreneur made a smart investment move in 2014 by purchasing 50,000 Ether at a mere $0.3 per coin for a total of $15,000. Fast forward to today, and his investment is now estimated to be worth a staggering $82.3 million at the current exchange rate. Alexis Ohanian, co-fou ...
TON Community Freezes Over 1 Billion Toncoins Across 171 Wallets
The TON blockchain community, which was created as part of the digital currency project for Telegram, recently held a vote to freeze 171 wallets that collectively hold more than 1 billion Toncoins. The freeze was implemented to safeguard against potential shocks and prevent any price manipulation of ...
Elon Musk Admits to Boosting Dogecoin’s Value with a Tweet
On February 22, the CEO of Twitter, Tesla, and SpaceX, Elon Musk, made a short post on Twitter about a dog that significantly increased the value of the meme cryptocurrency, Dogecoin. Within half an hour of Musk's tweet, the value of DOGE rose by 7%, and there was a weekly increase of almost 2%. ...
Google Cloud Partners with Tezos to Accelerate Web3 App Development
Google Cloud расширяет свой охват на различных блокчейнах и теперь сформировал новое партнерство, чтобы стать валидатором в сети Tezos, позволяя пользователям создавать свои собственные узлы. Данное партнерство направлено на ускорение разработки приложений Web3 на блокчейне Tezos, упрощая разрабо ...
Paxos CEO Disagrees with Regulators over BUSD Classification as Security
Paxos' CEO, Charles Cascarilla, has expressed his disagreement with regulatory bodies' views on BinanceUSD (BUSD), a stablecoin, being classified as a security. He stated that Paxos has always strived to maintain good relationships with regulators and comply with the law since its inception. Howe ...
Coinbase launches EUROC trading pairs with Euro-backed stablecoin
Coinbase, the largest American crypto exchange, has announced the phased launch of trading pairs in conjunction with the euro-backed stablecoin EUROC. Starting from February 22, users of the platform can conduct trading operations with Euro Coin, with the EUROC-USD and EUROC-EUR trading pairs to ...
Solana Spaces Closes New York and Miami Stores Due to Lack of Popularity
Solana Spaces, a project that showcased NFTs on the Solana network and offered wallet services and information, has announced the closure of its stores in New York and Miami due to low popularity. The founder of the project, Vibhu Norby, stated that ...
Investors sue Stablegains for manipulating UST stablecoin
Two investors have filed a lawsuit against decentralized finance platform Stablegains, accusing its team of manipulating the UST stablecoin and violating securities laws.. According to a lawsuit filed by investors Alec & Artin Ohanian in the California Central Dist ...