[ad_1] Este artículo también está disponible en español. In August, the Cardano (ADA) ecosystem experienced significant growth across several key metrics, coinciding with the anticipated Chang upgrade, which was successfully implemented on September 1. Despite the bearish market sentiment that affected ADA’s price during this period, the Cardano Foundation reported increased investor activity and blockchain usage. August Highlights In a recent social media post, the Foundation detailed the performance of various transaction types within the ecosystem. Notably, smart contract transactions surged by 31%, while metadata transactions (excluding smart contracts) grew by 20%. However, simple transactions faced a decline of 49%.…
Author: dfrancis36
[ad_1] The UK’s Financial Conduct Authority (FCA) has taken unprecedented action against an individual accused of running an illegal network of cryptocurrency ATMs. As the market watchdog emphasizes, this is its first set of charges involving physical machines that allow for the buying and selling of digital assets. At the same time, the FCA reminds “there are no legal crypto ATM operators in the UK.” Any such machines operate illegally, and those using them indirectly contribute to the global money laundering scheme.Illegal Crypto ATM NetworkA 45-year-old London resident faces charges for allegedly operating multiple crypto ATMs without FCA registration. These…
[ad_1] Metaplanet, a publicly listed Japanese company, announced it had purchased 38.6 Bitcoin for 300 million yen (approx. $2.2 million), bringing its total Bitcoin holdings to 398.8 BTC.JUST IN: 🇯🇵 Japanese Public company Metaplanet buys another ¥300 million worth of #Bitcoin pic.twitter.com/xJmnAdDrMG— Bitcoin Magazine (@BitcoinMagazine) September 10, 2024 This latest Bitcoin acquisition comes after Metaplanet announced in August that it would raise 10.08 billion yen to purchase more Bitcoin, part of its broader corporate strategy to allocate funds to Bitcoin.Metaplanet first adopted a pro-bitcoin investment policy earlier this year and has steadily accumulated Bitcoin. The company now holds an aggregate…
[ad_1] Este artículo también está disponible en español. A 50 basis points (bps) interest rate cut by the US Federal Reserve (Fed) starting this month might adversely affect Bitcoin (BTC) price, 10x Research cautions. 50 BPS Rate Cut Could Spook The Market After it had started hiking interest rates back in March 2022 to contain rampant inflation due to COVID-related supply chain bottlenecks and money printing, the Fed is now set to commence slashing interest rates to stimulate the economy. However, there is a possibility that by initiating a 50 bps rate cut, the Fed might raise the alarm for…
[ad_1] Data shows Chainlink has been seeing many social media discussions recently, which may be bullish for its price. Chainlink Social Dominance Has Seen A Spike Recently In a new post on X, the analytics firm Santiment has talked about how the Social Dominance has been looking like for Chainlink recently. The “Social Dominance” here refers to an indicator based on the Social Volume metric. The Social Volume tells us about the total amount of discussion that a given topic or term receives on the major social media platforms. The indicator determines this by reviewing posts/threads/messages on these platforms and…
[ad_1] On-chain data shows the Ethereum adoption rate has hit a four-month high, which could be bullish for the cryptocurrency’s price. Ethereum Network Growth Has Shot Up Recently According to data from the on-chain analytics firm Santiment, the ETH blockchain has recently created many wallets. The indicator of relevance here is the “Network Growth,” which keeps track of the total number of new addresses appearing on the network daily. Naturally, an address is considered to have been used when it made its first transaction on the chain. The Network Growth counts the daily number of such addresses that are becoming…
[ad_1] The crypto sector is currently enduring a “quiet quitting crisis,” according to a hedge fund and digital asset veteran. Quiet quitting, a term that was popularized in 2022, refers to employees who do the bare minimum level of work their jobs require and “quit” the idea of doing anything extra. Travis Kling, the founder and chief investment officer of Ikigai Asset Management, says the phrase accurately illustrates the current state of the crypto landscape. “What I’m seeing and hearing is that a meaningful swath of the crypto community is simply much less engaged than in prior years. And they…
[ad_1] Ethereum (ETH) has been struggling with a significant downturn recently, leaving the asset deep in the red. Over the past week, Ethereum has recorded a 9.2% decline in value, reflecting broader market weakness. However, the past 24 hours have brought a slight change in momentum, with ETH seeing a 3.2% increase in price. Though this uptick is not enough to erase the previous week’s losses, it may signal the beginning of a recovery phase. Is Ethereum At The End Of Its Correction According to the latest analysis from renowned crypto analyst Alex Clay on X, Ethereum might be gradually…
[ad_1] In a significant development, Texas and four other states have reached a pivotal settlement with the operators of an alleged $1 billion illicit crypto investment scheme. According to Bloomberg, the Texas State Securities Board revealed details of this settlement, highlighting a venture that involved tokenized partial ownership of a skyscraper, among other investment avenues. In this case, the regulators are reportedly seeking to recoup the financial losses suffered by numerous investors who participated in the project. Regulators Seek Full Reimbursement For Crypto Investors The settlement announced with Josip Heit, the owner of the GSB Group, and his associated companies…
[ad_1] Este artículo también está disponible en español. Crypto social media platform Friend.tech faced backlash after a controversial decision by its team. The platform’s native token, FRIEND, plummeted over 42%, reaching its all-time low (ATL) price amid the controversy. As a result, an Ethereum (ETH) whale saw its investment in the token drop by over 95%. Related Reading Friend.tech Loses Investors’ Trust Over the weekend, crypto platform Friend.tech announced its decision to resign control over its smart contracts to avoid future changes. Friends.tech is a Social Finance (SocialFi) platform launched in 2023 that combines the principles of social media and…