Category: Blockchain

The leading decentralized finance (DeFi) ecosystem, Ethereum (ETH), constantly draws between 20% to 25% of developers eyeing Web 3.0.  At least 20% of new Web 3.0 developers are joining the Ethereum blockchain over rival networks, according to a report by early-stage venture firm Electric Capital.  With 18,416 monthly active developers in Web3, Ethereum accounts for

According to the Bloomberg Billionaires Index, Changpeng Zhao, the Chief Executive Officer of Binance cryptocurrency exchange, known on Twitter as ‘CZ’, now enjoys a fortune of $96 billion who has surpassed many tech giants, including Facebook’s Mark Zuckerberg, Google’s founders Larry Page and Sergey Brin and Asia’s richest man Mukesh Ambani. CZ has been tagged the

The digital currency ecosystem has been experiencing a bullish plunge for the better part of the year, with the global crypto market capitalization plunging well below the $2 trillion benchmarks. While the ongoing price correction is more pronounced with Bitcoin (BTC), Ethereum (ETH), and the altcoins in the top 10 of crypto rankings, the entire

Despite the bearish momentum in the Bitcoin market, long-term fundamentals are in the green because coins are moving from weak hands to strong ones. Market analyst Nick Mancini confirmed: “Addresses holding 1,000 or more BTC continue to grow despite the selling pressure. This is literally weak hands moving to strong hands.” Strong hands

American payments giant Paypal Holdings Inc has confirmed it is working on its own digital currency, which will take the form of a stablecoin. The company shed more light on the plans after the developer Steve Moser uncovered a hidden code and images for a “PayPal Coin” in its app and shared it with Bloomberg.

GameStop, an American seller of video games, consumer electronics and wireless services, said it is entering the Non-Fungible Token (NFT) market. After the announcement, GameStop’s shares on the Nasdaq exchange, GME, rose 26% in after-hours trading. GameStop has hired more than 20 people to run its newly formed NFT division, according to the Wall Street Journal

Mozilla, the software developer of the internet browser Firefox, has reversed its stance on accepting cryptocurrencies after facing backlash over concerns about the impact cryptocurrency mining has on the environment. Last week, Mozilla had called for cryptocurrency donations through BitPay which eventually sparked a discussion about the harmful impact cryptocurrency mining has on the environment. Multiple reports have

Bitcoin (BTC) dropped below $42K for the first time since September 2021 as the market remains in the red.  The leading cryptocurrency was down by 2.92% in the last 24 hours to hit $41,733 during intraday trading, according to CoinMarketCap.  This represents a 39.5% decline from the all-time high (ATH) price of $69,000 hit in

Crypto crimes saw a record high number last year in terms of value, blockchain analysis firm Chainalysis said. The blockchain analysis firm reported recently that illegal addresses of criminals received $14 billion in digital currencies, up 79% from $7.8 billion in 2020. Illicit addresses already hold over $10 billion worth of cryptocurrencies as of early