Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Crypto Weekly Report: Top News, Key Updates and Market Analysis
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The post Crypto Weekly Report: Top News, Key Updates and Market Analysis appeared first on Coinpedia Fintech News
This analysis report, backed by quality data, covers the major developments the Web3, Blockchain, and Crypto sector has experienced this week.
1. Breaking News This Week
- Ryan Salame Forfeits Bahamas Property in FTX Plea Deal
Former FTX Digital Markets co-chief executive Ryan Salame transfers his multimillion-dollar Bahamas property to settle a plea agreement. This follows his guilty plea on criminal charges, with $5.6 million in restitution owed.
- Dutch Police Arrest Suspect Linked to ZKasino Crypto Scam
Dutch law enforcement apprehended a man tied to fraudulent activities at ZKasino, an internet gaming platform. The operation seized assets worth 11.4 million euros, including cryptocurrency, real estate, and luxury vehicles.
- Crypto User Loses $68 Million to Clever Wallet Hack
A once-wealthy Ethereum user lost $68 million in Bitcoin after hackers tricked him into sending funds to a contaminated wallet. His holdings plummeted, leaving him with just $1.6 million in cryptocurrency assets.
- DOJ Investigates Block for Transactions with Sanctioned Countries
U.S. prosecutors are investigating Block, co-founded by Twitter’s Jack Dorsey, for processing transactions linked to sanctioned countries and possibly people associated with terrorist activities. The investigation raises significant compliance concerns.
- Robinhood Connect is Now Available on the Uniswap Mobile App
Robinhood announced its crypto Connect feature is now on the Uniswap mobile app. Eligible users can earn $10 in the USD Coin stablecoin by purchasing an equivalent amount of crypto using Robinhood Connect within Uniswap.
- Coinbase Integrates Lightning Network for Faster Bitcoin Payments
Coinbase added support for the Lightning Network to reduce Bitcoin transaction costs. This integration makes sending Bitcoin up to 20 times cheaper compared to traditional credit card transactions, with significant cost savings for users.
- Roger Ver Arrested for Tax Evasion by DOJ in Spain
Roger Ver, a prominent Bitcoin investor, has been arrested by the U.S. Department of Justice in Spain for allegedly evading up to $50 million in taxes. The indictment was unsealed, highlighting serious tax compliance issues.
- Uniswap’s Share of Layer 2 Trading Volume Reaches 37%
Uniswap, a popular decentralised exchange on Ethereum, now accounts for 37% of the total trading volume on Layer 2 networks. This significant growth underscores the increasing popularity of decentralised finance (DeFi) platforms.
- Ripple Partners with HashKey Group to Expand in Japan
Ripple announced a partnership with HashKey Group to introduce XRP Ledger enterprise solutions to the Japanese market. This joint venture aims to deploy supply chain finance solutions through HashKey DX, expanding Ripple’s reach in Asia.
- Bitcoin Miners Feel the Pinch of the Latest Halving Event
Bitcoin miners face lower revenues following the recent halving, reaching levels not seen since early 2023. The tighter profit margins raise questions about the industry’s sustainability and potential impacts on Bitcoin’s market price.
- dWallet Network Integrates with EVM-Compatible Blockchain Monad
dWallet Network, an infrastructure for programmable native Bitcoin, integrates with the EVM-compatible Layer 1 blockchain, Monand. This collaboration aims to enhance Monad’s multi-chain capabilities, providing more flexibility for developers.
- Aethir Partners with Magic Eden to Boost Web 3.0 Gaming
Aethir, a GPU cloud computing platform, collaborates with NFT giant Magic Eden to promote Web 3.0 gaming. The partnership offers access to Aethir’s GPU services and promotes Magic Eden as the primary NFT platform for Aethir’s gaming partners.
- Hong Kong Launches Spot Bitcoin and Ethereum ETFs
Hong Kong Stock Exchange introduced spot Bitcoin and Ethereum exchange-traded funds, marking a significant step in mainstream crypto adoption. The new ETFs offer investors direct exposure to these cryptocurrencies, reflecting growing interest in the asset class.
- Australia Readies Spot Bitcoin ETFs for ASX Launch by 2024
Australia’s Securities Exchange is expected to greenlight spot Bitcoin ETFs by the end of 2024. At least two organisations have submitted applications, indicating growing interest in expanding crypto investment opportunities in Australia.
- Tether Invests $200M in Brain-Computer Interface Tech
Tether has invested $200 million in Blackrock Neurotech, a brain-computer interface technology platform, becoming its majority stakeholder. The investment signifies Tether’s focus on merging human capabilities with technology in innovative ways.
2. Blockchain Performance
In this section, we will analyse two factors primarily: the top-performing blockchains based solely on their 7-day change and the top performers among the top five blockchains with the highest TVL.
2.1. Top Blockchain Performers by 7-Day Change
This week’s top blockchain performers, based on their 7-day change, are Core, ZetaChain, StarkNet, Scroll and Filecoin.
| Blockchain | 7-Day Change (in %) | TVL |
| Core | +154.8% | $15,969,972 |
| ZetaChain | +20.6% | $4,400,626 |
| StarkNet | +19.9% | $255,441,690 |
| Scroll | +11.1% | $82,379,674 |
| Filecoin | +7.2% | $55,120,910 |
This week, Core emerges as the top blockchain in terms of 7-day change. Core registers a 7-day change of +154.8%. ZetaChain and Starknet follow with +20.6% and +19.9%, respectively. Scroll records a change of +11.1% and Filecoin +7.2%.
In the previous week, Chiliz, which recorded a change of +182.0%, was the top blockchain in terms of 7-day change. Among those blockchains, found place in the top five chains last week, only Scroll and Filecoin retain their position among the top five list this week.
2.2. Top Performers: 7-Day Change in Top 5 Blockchains with Highest TVL
Ethereum, TRON, BNB Smart Chain, Solana, and Arbitrum One are the top five blockchains in the market on the basis of TVL and market dominance. Let’s see how the top five blockchains have performed this week, using 7-day TVL change.
The data shows no significant change in the dominance scenario this week, in comparison with the previous week.
| Blockchain | Dominance (in %) | 7d Change (in %) | TVL |
| Ethereum | 63.26% | +0.8% | $55,066,346,332 |
| TRON | 9.57% | -1.4% | $8,332,611,660 |
| BNB Smart Chain | 6.18% | +0.1% | $5,383,238,003 |
| Solana | 4.54% | +4.5% | $3,949,608,116 |
| Arbitrum One | 3.03% | -0.8% | $2,640,597,147 |
| Others | 13.42% |
Among the top five blockchains with the highest TVL, Solana emerges as the best performer this week with +4.5% 7-day change. Ethereum follows with +0.8%. BNB Smart Chain also records a positive change of +0.1%. Conversely, TRON, with -1.4% remains as the worst performer. Arbitrum One follows with -0.8%.
Last week, Ethereum, with +7.3%, was the best, and BNB Smart Chain, with -11.2%, was the worst. Solana’s 7-day change was -2.2%.
Also Check Out: Blockchain Report & Market Insights for April 2024: What You Should Know
3. Crypto Market Analysis
The crypto 7-day price change and dominance analysis and top gains and losers analysis are the two prime areas of the crypto market analysis.
3.1. Crypto 7-D Price Change and Dominance Analysis
Bitcoin, Ethereum, Tether, BNB, and Solana are the top cryptocurrencies as per the market cap and dominance indices. Let’s analyse their seven-day price change.
| Cryptocurrency | 7-D Change (in %) | Dominance Percentage | Price | Market Cap |
| Bitcoin | +0.1% | 50.6% | $63,111.74 | $1,242,908,975,424 |
| Ethereum | -0.2% | 15.23% | $3,118.30 | $375,321,800,809 |
| Tether | +0.2% | 4.52% | $1.00 | $111,424,676,804 |
| BNB | -1.5% | 3.69% | $585.93 | $90,202,182,862 |
| Solana | +6.5% | 2.62% | $154.34 | $65,098,302,498 |
| Others | 23.34% |
Among the top five cryptocurrencies with the highest market cap, Solana shows the biggest 7-day change. It displays a 7-day change of +6.5%. Tether and Bitcoin follow with +0.2% and +0.1%. Meanwhile, BNB and Ethererum mark negative changes. The former registers a change of -1.5% and the latter -0.2%.
In the previous week, BNB, with +6.7%, was the best, and Solana, with -4.2%, the worst.
3.2. Top Gainers & Losers of the Week in Crypto Market
Here is the list of top gainers and top losers of the week in the cryptocurrency market. The analysis is made using the 7-day Gain and 7-day Lose indices.
3.2.1. Top Gainers of the Week in Crypto
| Cryptocurrency | 7-Day Gain | Price |
| Pepe | +22.61% | $0.000008731 |
| dogwifhat | +22.14% | $3.28 |
| Bonk | +17.48% | $0.00002836 |
| FLOKI | +11.24% | $0.0001945 |
| Worldcoin | +9.11% | $5.09 |
Pepe, dogwifhat, Bonk, FLOKI and Worldcoin are the top gainers of the week in the cryptocurrency market. Pepe shows a gain of +22.61%. Dogwifhat and Bonk follow with +22.14% and +17.48%. FLOKI marks a gain of +11.24%, and Worldcoin +9.11%.
The data indicates that there exists a trend favourable to Memecoin. Pepe, Dogwifhat and FLOKI are prominent memecoins. Last week also, a similar trend was visible, as Bonk, with +57.15%, and FLOKI, with +20.62%, found place in the top five gainers list.
3.2.2. Top Losers of the Week in Crypto
| Cryptocurrency | 7-Day Loss | Price |
| Helium | -29.59% | $5.32 |
| Sui | -6.77% | $1.09 |
| Ondo | -6.57% | $0.8174 |
| Polkadot | -6.11% | $7.17 |
| Beam | -5.44% | $0.02478 |
Helium, Sui, Ondo, Polkadot and Beam are the top losers of the week in the cryptocurrency market. Helium demonstrates a loss of -29.59%, and Sui exhibits a loss of -6.77%. Ondo, Polkadot and Beam follow with -6.57%, -6.11% and -5.44%, respectively.
Sui was among the top losers list last week also, with a loss of -12.99%.
3.3. Stablecoin Weekly Analysis
Tether, USDC, DAI, First Digital USD, and Ethena USDe are the top stablecoins in the market in terms of market capitalization. Let’s analyse their weekly performance using seven-day market capitalisation, market dominance and trading volume indices.
| Stablecoins | Market Dominance (7d) [in %] | Market Capitalisation (7d) | Trading Volume (7d) | Market Capitalisation |
| Tether | 70.59% | $110,688,767,951 | $48,469,081,256 | $111,386,755,324 |
| USDC | 21.20% | $33,242,855,124 | $7,940,761,464 | $33,612,955,658 |
| Dai | 3.40% | $5,336,560,680 | $699,215,253 | $5,342,236,832 |
| First Digital USD | 2.46% | $3,856,684,773 | $6,968,393,815 | $3,871,335,998 |
| Ethena USDe | 1.46% | $2,291,832,770 | $64,348,596 | $2,297,475,051 |
| Others | 0.89% |
This week also, Tether dominates the market with 70.59%. USDC follows with 21.20%. Notably, the data shows no significant change in dominance in the top stablecoins, in comparison with the previous week. Dai marks a dominance of 3.40%. First Digital USD and Ethena USDe record 2.46% and 1.46% dominance.
3.3.1. Stablecoin Weekly Price Analysis
Let’s analyze the weekly performance of the top stablecoins further using the seven-day price change index.
| Stablecoins | 7-Day Price Change (in %) | Price |
| Tether | +0.2% | $1.00 |
| USDC | +0.1% | $1.00 |
| Dai | -0.0% | $0.994 |
| First Digital USD | +0.4% | $1.00 |
| Ethena USDe | +0.2% | $1.00 |
Among the top stablecoins with the highest market cap, First Digital USD registers a positive 7-day price change of +0.4%. Dai records -0.0% change. Tether and Ethena USDe, both, mark a change of +0.2%. USDC displays a change of +0.1%.
In the previous week, the two extremes were Dai and First Digital USD. Dai showed a change of +0.2%, and First Digital USD a change of -0.2. Ethena USDe was -0.0%.
Read Also: Stablecoin April 2024 Report: An In-Depth Performance Analysis
4. Bitcoin ETF Weekly Analysis
Bitcoin Futures ETFs and Bitcoin Spot ETFs should be analysed separately, in order to get the right picture of the Bitcoin ETF market, as they represent two different segments. Let’s start!
4.1. Bitcoin Futures ETF Weekly Analysis
ProShares (BITO), VanEck (XBTF), Valkyrie (BTF), Global X (BITS), and Ark/21 Shares (ARKA) are the top Bitcoin Future ETFs, as per the Asset Under Management index. Let’s use the price change percentage index to analyse these ETFs.
| Bitcoin Futures ETFs | Price Change (Gain/Loss) [in %] | Asset Under Management (in Million) | Price |
| BITO | +4.52% | $598.78M | $25.22 |
| XBTF | +0.33% | $42.41M | $39.22 |
| BTF | +3.82% | $38.20M | $18.22 |
| BITS | +2.35% | $26.10M | $61.77 |
| ARKA | +4.72% | $8.01M | $59.31 |
Among the top five Bitcoin Futures ETFs with the highest Asset Under Management, ARKA showcases the highest positive price change this week, with +4.72%. BITO follows with +4.52%. BTF and BITS record +3.82% and +2.35% price change. XBTF marks the lowest change of +0.33%.
In the previous week, only XBTF showed a positive change. It reported a change of 0.33%. The highest negative change of -1.84% was recorded by BITO.
4.2. Bitcoin Spot ETF Weekly Analysis
Grayscale (GBTC), Blackrock (IBIT), Fidelity (FBTC), Ark/21 Shares (ARKB), and Bitwise (BITB) are the top Bitcoin Spot ETFs, as per the Asset Under Management index. Let’s analyse them using the price change index.
| Bitcoin Spot ETFs | Price Change (Gain/Loss) [in %] | Asset Under Management (in Billion) | Price |
| GBTC | +4.63% | $24.33B | $55.31 |
| IBIT | +4.73% | $17.24B | $35.40 |
| FBTC | +4.72% | $9.90B | $54.38 |
| ARKB | +4.65% | $2.85B | $62.14 |
| BITB | +4.73% | $2.16B | $33.89 |
Among the top five Bitcoin Spot ETFs with the highest AUM, IBIT and BITB, both, report the highest price change of +4.73. FBTC closely follows with +4.72% price change. ARKB registers a change of +4.65% and GBTC a change of +4.63%.
In the previous week, all the four Bitcoin spot ETFs demonstrated negative changes.
What the data indicates is that there exists a trend supporting the Bitcoin ETFs. Interestingly, all the top ETFs, both Spot and Futures, mark positive changes this week.
This Might Interest You: Should You Invest in Bitcoin ETFs? Detailed Monthly Review and Analysis for April 2024
5. DeFi Market Weekly Status Analysis
Lido, EigenLayer, AAVE, Maker, and JustLend are the five top DeFi protocols on the basis of TVL. Let’s analyse its weekly performance using the 7d Change index.
| DeFi Protocols | 7d Change (in Total Value Locked) [in %] | TVL |
| Lido | +0.01% | $29.265B |
| EigenLayer | +1.08% | $15.492B |
| AAVE | +0.42% | $10.59B |
| Maker | +0.95% | $8.174B |
| JustLend | +0.17% | $6.062B |
Among the top five DeFi protocols with the highest TVL, EigenLayer shows the highest 7-day change in TVL of +1.08%. Maker follows with +0.95%. AAVE marks a change of +0.42%. JustLend and Lido record the lowest changes of +0.17 and +0.01%.
In the previous week, the highest change was recorded by EigenLayer, like this time, but the change reported was as high as +16.20%. The lowest was reported by JustLend, which recorded -2.77% change.
6. NFT Marketplace: A Basic Weekly Analysis
Blur, Blur Aggregator, Cryptopunks, Gem and X2Y2 are the top NFT marketplaces on the basis of market share. Let’s analyse them using the Volume Change (change of last 7d volume over the previous 7d volume) index.
In comparison with the previous week, Blur Aggregator’ market share registers a slight increase this week; it has risen from 19.31% to 24.04%. Superrare, with 8.85%, and OpenSea, with 1.47% market share, though were prominent members of the top five list last week, has failed to enter this week’s list. Gem and X2Y2 replace Superrare and Opensea in the new list.
| NFT Marketplaces | Volume Change [Last 7 Day over the Previous 7 Day Volume] | Market Share | 7-day Rolling Volume | 7-day Rolling Trades |
| Blur | +17.82% | 69.55% | 16999.36 | 25188 |
| Blur Aggregator | -10.43% | 25.04% | 7322.82 | 12106 |
| Cryptopunks | -73.99% | 2.99% | 1315.65 | 26 |
| Gem | -31.44% | 0.60% | 273.12 | 1492 |
| X2Y2 | -59.07% | 0.42% | 227.05 | 218 |
| Others | 1.40% |
Among the top five NFT marketplaces with the highest market share, Blur displays the highest positive volume change of +17.82%. All the others show negative volume change. Among those showing negative changes, Cryptopunks records the most extreme value of -73.99%. X2Y2 follows with -59.07%. Gem and Blur Aggregator record -31.44% and -10.43% change, respectively.
6.1. Top NFT Collectible Sales this Week
CryptoPunks #7846, CryptoPunks #1568, Uncategorised Ordinals #3beb59221, Azuki #308, and CryptoPunks #9842 are the top NFT collectable sales reported this week in the NFT market landscape.
| NFT Collectibles | Price (in USD) |
| CryptoPunks #7846 | $557,802.94 |
| CryptoPunks #1568 | $332,610.84 |
| Uncategorised Ordinals #3beb59221 | $256,550.47 |
| Azuki #308 | $214,830.30 |
| CryptoPunks #9842 | $210,869.27 |
CryptoPunks #7846 is sold for $557,802.94 – the highest amount received this week. CryptoPunks #1568 follows with $332,610.84. Uncategorised Ordinals #3beb59221 gains $256,550.47. Azuki #308 and CryptoPunks #9842 receive $214,830.30 and $210,869.27 respectively.
7. Web3 Weekly Funding Analysis
7.1. General Crypto Fundraising Trend Analysis
Between April 29th and May 4th, 2024, the number of fundraising rounds reported is over 25. The total funds raised in this period is around $129.50M.
The two prime areas of the general crypto fundraising trend analysis are the crypto fundraising by category analysis and the top crypto investment locations analysis.
7.1.1. Crypto Fundraising by Category This Week
Blockchain Infrastructure, Blockchain Services, CeFi, Chain, DeFi, GameFi, and Social are the categories, which witnessed activities this week. Let’s analyse them using the Number of Fundraising Rounds and Funds Raised in USD indices.
| Category | Number of Fundraising Rounds April 29 – May 4, 2024 | Funds Raised in USDApril 29 – May 4, 2024 |
| Blockchain Infrastructure | 4 | $8.40M |
| Blockchain Services | 4 | $11.00M |
| CeFi | 1 | $47.00M |
| Chain | 1 | N/A |
| DeFi | 5 | $28.00M |
| GameFi | 6 | $15.10M |
| Social | 4 | $20.00M |
The category, which raised the highest amount, is CeFi, which raised $47.00 million. DeFi, which raised around $28.00 million, is in the second position. The third and fourth are Socal, with $20.0 million raised, and GameFi, with $15.10 million raised, respectively. Blockchain Services, with $11.00 million raised, and Blockchain Infrastructure, with $8.40 million raised, are in the fifth and sixth positions, respectively.
7.1.2. Top Crypto Investment Locations This Week
Apart from the undisclosed, the US, Switzerland, Spain and Singapore are the top crypto investment locations this week.
| Crypto Investment Locations | Funds Raised in (%) | Funds Raised in USD | Number of Fundraising Rounds |
| United States | 45% | $58.80M | 5 |
| Undisclosed | 43% | $56.00M | 16 |
| Switzerland | 7% | $9.50M | 1 |
| Spain | 2% | $3.20M | 1 |
| Singapore | 2% | $2.00M | 1 |
| Others | 1% |
The United States remains as the top most investment location, with $58.80 million. The undisclosed location follows with $56.00 million. Switzerland is the third biggest investment location with $9.50 million. Spain, with $3.20 million, and Singapore, with $2.00 million, is in the fourth and fifth positions, respectively.
7.2. ICO Landscape: A Weekly Overview
XSwap, Renzo Protocol, Runecoin and Mocaverse are the major ICOs that ended this week. Let’s analyse how much amount they received.
| ICO | Fund Received | Token Price | Fundraising Goal | Total Tokens | Token (Available for Sale) |
| XSwap | $2,100,000 | $0.05 | $250,000 | 350,000,000 | 13% |
| Renzo Protocol | $3,200,000 | N/A | 250,000,000 Tokens | 10,000,000,000 | 2.5% |
| Runecoin | N/A | N/A | 420,000,000 Tokens | 21,000,000,000 | 2% |
| Mocaverse | $36,890,000 | $0.03938 | $5,000,000 | 8,888,888,888 | 14.5% |
Mocaverse is the one which raised the highest amount this week; it collected nearly $36,890,000. Renzo Protocol secured over $3,200,000. With $2,100,000 fund raised, XSwap is in the third position.
8. Weekly Blockchain Hack Analysis
As of May 4, 2024, hackers have stolen a total of $7.82 billion, mostly from decentralised finance (DeFi) platforms and blockchain bridges. DeFi platforms suffered the most significant losses, about $5.9 billion, while bridges connecting different blockchains lost around $2.83 billion.
In the past week, two major hacks were reported. On April 30, 2024, Yield Protocol lost about $181,000 due to a balance disparity exploit. On the same day, Pink Finance lost about $1.6 million due to a storage misalignment exploit.
April 2024 saw five major hacks. Besides Yield Protocol and Pink Finance, other platforms that experienced significant hacks were Magpie, Hedgey, and Grand Base. Magpie was hacked on April 23, 2024, losing about $129,000. Hedgey was hacked on April 19, 2024, with a loss of around $44.7 million. The first major hack in April occurred on April 15, 2024, when Grand Base lost about $1.7 million.
Endnote
Btc
Bitcoin
$62.547
price
price
0.84959%
price change
In this week’s comprehensive analysis of Web3, Blockchain and Crypto, we have brought out powerful insights, which can be used to stay-to-data about the market developments. As the landscape evolves, the strategic integration of technology and data-driven decision-making becomes paramount for stakeholders navigating the dynamic realms of decentralised technologies.
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Ethereum
Ethereum’s Zhejiang Staking Withdrawal Testnet for Shanghai is Live
At 15:00 UTC on Wednesday, the much-anticipated Zhejiang testnet for staking withdrawal went live on Ethereum’s Beacon chain. Zhejiang will enable the testing of the Ethereum Improvement Proposal (EIP) 4895 which allows for staking withdrawals. This is in preparation for the network’s next major update, the Shanghai hard fork slated to launch sometime in March. Users Can Make Simulated Withdrawals with Zhejiang In a tweet yesterday, DevOps engineer at Ethereum foundation Barnabas Busa gave details about the Zhejiang testnet slated…
2 years ago 1.6 k views
Ethereum Devs Disagree Over Technical Tweak as Shanghai Upgrade Nears
Post-merge Ethereum users have been eagerly awaiting the commencement of the network’s next major upgrade, Shanghai. However, after over 3 months of prep time, it appears the Shanghai rollout isn’t going as smoothly as expected. What Exactly is the Shanghai Upgrade? In September last year, the much-publicized Ethereum Merge also known as the Ethereum 2.0 upgrade went live. Ethereum underwent some significant changes as its consensus mechanism transitioned from proof-of-work to a cost-efficient proof-of-stake system. However, since the Beacon launch…
2 years ago 1.6 k views
FTX Hacker Converts 50k Stolen ETH to BTC
Per a report from blockchain analysis firm Chainalysis, the attacker behind the Nov 11 FTX exploit, is converting the stolen ETH to Bitcoin. There were muted fears the seemingly inexperienced perpetrator could dump all its ETH holdings. On Sunday, the attacker dumped 50k ETH on-chain, with ETH's price dipping by almost 7%. https://twitter.com/chainalysis/status/1594349583416840199?s=20&t=pgvQHeVytI20eKQ1ls9bxw Hacker Moves 50,000 ETH to New Address Over the past week, the perpetrator had been steadily swapping the cryptocurrencies they had carted off for Ether tokens. This…
3 years ago 1.9 k views
Censorship Concerns: 51% of Ethereum Blocks Now OFAC Compliant
According to new data, over half of the blocks on the Ethereum network now reportedly comply with the US Treasury OFAC’s standards. This comes roughly a month after the platform’s monumental merge update. Phasing Out Tornado Cash The Office of Foreign Assets Control is the intelligence and enforcement agency of the US Treasury Department. Indeed, the OFAC administers and enforces US financial sanctions. A prime example of this is the recent, highly-publicized ban on crypto mixer Tornado Cash. According to…
3 years ago 1.8 k views
Trading
How to Leverage Arbitrage Opportunities in Crypto Markets
Cryptocurrency arbitrage has become an increasingly popular investment strategy as the crypto market grows and evolves. Arbitrage involves taking advantage of pricing discrepancies between markets or exchanges to profit. Investors can leverage profit opportunities by understanding cryptocurrency arbitrage while managing associated risks. In this guide, we'll explore cryptocurrency arbitrage and how it works. A Bitcoin-related example will help us illustrate the concepts of this strategy. What is Arbitrage and How Does it Work in Crypto Markets Crypto arbitrage trading is…
2 years ago 3 k views
The Different Types of Copy Trading in Crypto
Are you interested in trading cryptocurrencies but feel intimidated by the complexity of the process? Copy trading is a great way to get into crypto without needing to be an experienced trader. With copy trading, investors can benefit from the experience and knowledge of more experienced traders, allowing even beginners to succeed. How does copy trading work, and which tips do you need to know to succeed? In this article, we'll explore all aspects of copy trading in crypto. What…
2 years ago 1.7 k views
How to Spot an Unsafe Crypto Exchange
Cryptocurrency exchanges have become increasingly popular as they provide a platform for people to buy and sell digital assets. Unfortunately, not all crypto exchanges are safe or reliable. With the rise of cybercrime and fraud, you must learn to spot an unsafe crypto exchange before investing your money. This guide will help beginners identify and avoid potential risks when selecting a cryptocurrency exchange. The Role of Crypto Exchanges on the Digital Assets Market Cryptocurrency exchanges play a crucial role in…
2 years ago 2.2 k views
What Is Grid Trading in Crypto?
Crypto grid trading has become a popular strategy because of its ability to help traders capitalize on market volatility. Grid trading means you can produce consistent profits by taking advantage of price differences in different markets or time frames. By establishing buy and sell orders at predetermined intervals, you can take advantage of these fluctuations in an automated way. This guide will explore the different aspects of grid trading and provide an overview of its benefits, challenges, and more. Through…
2 years ago 1.6 k views
Tech
Introducing una Messenger: A Paradigm Shift in Blockchain Connectivity
The digital landscape is set for an unprecedented transformation with the introduction of una Messenger, the latest innovation from web3 development powerhouse Wemade. This platform represents an evolution of the "PAPYRUS Messenger," serving as the cornerstone of the ambitious "unagi" initiative, aimed at catalyzing the mass adoption of blockchain technology. The "Unbound Networking & Accelerating Growth Initiative" seeks to bridge the divides between diverse blockchain services and networks, heralding a new era of interconnectedness. A New Frontier in Blockchain Communication…
Marius Bogdan Dinu
@bdinu89
@bdinu89
1 year ago 574 views
Bit2Me Champions WEMIX Token in Pioneering European Listing
Bit2Me, Spain's premier virtual asset exchange, has recently broadened the horizons for cryptocurrency enthusiasts by listing WEMIX, the cornerstone token of the WEMIX3.0 blockchain ecosystem. This marks a notable achievement as WEMIX's inaugural venture into the European market, emphasizing the token's role in facilitating a range of blockchain-based activities, from gaming transactions to decentralized finance (DeFi) applications. Launched with the intention to democratize access to WEMIX for the 450 million Spanish speakers around the globe, this strategic move aligns with…
Marius Bogdan Dinu
@bdinu89
@bdinu89
1 year ago 404 views
CryptoVirally Expands with Fresh Crypto Marketing Offers and Cointelegraph Upgrades
In an exciting update for the cryptocurrency marketing landscape, CryptoVirally has announced a series of new entries and enhancements to its already comprehensive range of services. These updates, aimed at providing tailored marketing solutions for crypto projects, include new limited-time offers and expanded options for Cointelegraph publications. Limited Offers: A Game-Changer in Crypto Marketing CryptoVirally's limited offers section presents an enticing opportunity for crypto projects to leverage high-impact marketing services at discounted rates. These offers, available for a limited period,…
Marius Bogdan Dinu
@bdinu89
@bdinu89
1 year ago 465 views
Breaking Boundaries in Blockchain: WEMIX’s ‘una Wallet’ Sets New Standard for Multi-Chain Asset Management
The WEMIX Foundation has unveiled 'una Wallet,' a revolutionary digital wallet designed to offer unparalleled convenience and security in managing digital assets across various blockchain networks. The announcement, made on January 17, 2024, signifies a new era in the seamless integration of multiple blockchain protocols, including Arbitrum, Avalanche, BNB Smart Chain, Ethereum, Kroma, Optimism, Polygon, and WEMIX3.0. 'una Wallet' is more than just a digital wallet; it represents the culmination of WEMIX's innovative efforts in the blockchain space. It serves…
Marius Bogdan Dinu
@bdinu89
@bdinu89
1 year ago 592 views