[ad_1] Memecoins have been one of the largest narratives of this bull run, with Solana-based ones leading the frenzy. The massive popularity led to the creation of platforms that facilitated the creation of these tokens. After the success of Solana’s Pump.fun, Justin Sun introduced the first memecoin launcher to the Tron Blockchain. Justin Sun Introduces Tron-Based Memecoin Launcher Following the memecoin frenzy, Solana’s launchpad Pump.fun has been in the spotlight since its creation in January 2024. The platform was created to “prevent rugs” and ensure all created tokens were safe. It also allows the community to launch tokens for less…
Author: dfrancis36
[ad_1] Crypto investors and platforms are facing a growing threat as the value of crypto hacks has nearly doubled in the first seven months of 2024, reaching a staggering $1.6 billion, according to a new report from blockchain analytics firm Chainalysis. Crypto Theft Skyrockets In 2024 While the monetary value of stolen funds has skyrocketed, the actual number of hacks witnessed a marginal increase, rising from 145 incidents in the corresponding period of 2023 to 149 hacks so far this year. Eric Jardine, the cybercrimes research lead at Chainalysis, attributed a substantial portion of this spike in stolen value to…
[ad_1] Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and…
[ad_1] Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the…
[ad_1] On-chain data shows that Bitcoin mining difficulty decreased by more than 4% during the latest network adjustment. Bitcoin Mining Difficulty Has Gone Down In The Latest Adjustment The “mining difficulty” metric tracks how hard the miners would find it to mine blocks on the Bitcoin network. The BTC blockchain goes through an automatic adjustment about every two weeks, where this indicator’s value changes. To know whether this change would be positive or negative, the purpose of the difficulty needs to be understood first. In short, the difficulty exists as a measure to control the asset’s inflation. The only way…
[ad_1] Following the historic approval of the Spot Solana Exchange-Traded Funds (ETFs) in Brazil last week, Manthan Dave, the co-founder of Palisade, a digital asset custody platform supported by Ripple, has confidently voiced his optimism about an approval of the SOL-based funds in the United States by the end of the year. Spot Solana ETFs In The US On The Horizon? Marty Party, a macro alpha and Crypto Traders Club Space host shared the Palisade co-founder Manthan Dave’s prediction on the X (formerly Twitter) platform. The co-founder’s forecast coincides with rising interest in Solana as a top blockchain platform and…
[ad_1] Dogecoin has been a focal point in the cryptocurrency world, and a mix of positive and negative signals is setting its future. On one hand, the number of Dogecoin addresses has been increasing. On the other hand, the recent technical analysis gives less reason for optimism over the short to medium term. What must investors make of this dual narrative? Related Reading Dogecoin Rising Adoption: Silver Lining Data from the latest charts on Crypto Daily Trade Signals reveal that the number of Dogecoin addresses with a balance has grown to 6.56 million, up 20% from eight months ago. Such…
[ad_1] Amid the global race to regulate crypto, Ghana, a country in West Africa, has now stepped up to draft new rules for this nascent financial sector. According to the document published earlier today, the Bank of Ghana (BoG) has now taken action towards establishing a regulated framework for cryptocurrencies such as Bitcoin and Tether, unveiling a set of draft guidelines to strengthen the oversight of digital assets. The document reveals that this development extends a review conducted over the last three years, reflecting an increasing national engagement with cryptocurrencies. Regulations In The Works The proposed regulations mark a significant…
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] According to on-chain data, here’s how the percentage of holders in profit differs between Dogecoin (DOGE), Shiba Inu (SHIB), and other memecoins. Dogecoin Has The Highest Profitability Ratio Among Major Memecoins In a new post on X, market intelligence platform IntoTheBlock has talked about how the major memecoins compare against each other regarding the holders in profit. As its name suggests, the “holders in profit” is an on-chain indicator that keeps track of the percentage of investors who are carrying some net unrealized profit right now. This metric works by going through the transaction history of each address on the…