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“# NFTs most popular assets on Ethereum, but Wrapped Bitcoin growth stalls ” Transfers of nonfungible tokens (NFT) on Ethereum have surpassed transfers of stablecoins and altcoins while the supply of wrapped Bitcoin (WBTC) has remained relatively stagnant since late last year. Those are two of the key findings in the latest State of the…
“# LCX loses $6.8M in a hot wallet compromise over Ethereum blockchain ” Liechtenstein-based crypto exchange LCX has confirmed the compromise of one of its hot wallets after temporarily suspending all deposits and withdrawals on the platform. The hack was first identified by PeckShield, a blockchain security company, based on the suspicious transfer of ERC-20…
“# Gravity Bridge brings Ethereum to the multichain ” On Wednesday, the Interchain Foundation, a Swiss non-profit serving as a steward of the Cosmos (ATOM) ecosystem, announced the launch of Gravity Bridge as built by decentralized internet service provider Althea. Gravity Bridge enables the transfer of ERC-20 tokens between the Ethereum (ETH) and Cosmos blockchains….
“# Supersize McShib: Shiba Inu the largest ERC-20 holding among ETH whales ” New data suggests that Shiba Inu (SHIB) is the largest ERC-20 token holding amongst the top 1,000 Ethereum (ETH) whales. According to data compiled by WhaleStats looking at the Ethereum-based token holdings of the largest ETH wallets, SHIB represents 21.68% of the…
“# Opulous (OPUL) rallies 785% as fans dig the sound of NFTs in the music industry ” There is potential for the use cases of nonfungible token (NFT) technology to expand far beyond the simple tracking of unique images with varying degrees of rareness and analysts project that one NFTs will touch every facet of…
“# DOGE co-founder sets sights on Ethereum bridge and NFTs for mass adoption ” Dogecoin (DOGE) co-founder Billy Markus has set his sights on nonfungible tokens (NFTs) and an Ethereum-to-Dogecoin bridge to help bring about for mass adoption of the meme coin. In a Sept. 30 tweet, Markus emphasized the importance of completing the Ethereum-Dogecoin…
“# Bitfinex launches the first L2 bridge from CeFi to DeFi ” Crypto exchange Bitfinex has today announced a market-debut service to bridge its centralized platform with the layer-2 decentralized trading platform and subsidiary DeversiFi. The bridge will provide users access to the permissionless and privacy-centric experiences of DeFi, in combination with the highly-liquid, accessible…
“# Almost half of crypto owners turn to celebs like Kim Kardashian for advice: Survey ” A new survey has revealed bleak insights into the apparent willingness of retail investors to follow digital asset advice from the social media accounts of celebrities and influencers. According to a Morning Consultant survey of 2,200 U.S. adults, 45%…
“# Gold-backed digital tokens to hit Turkish market following new partnership ” Gold wholesalers are starting to find new ways to expand their businesses to retail, thanks to blockchain-based tokenization. International bullion trading company AgaBullion and United Kingdom-based fintech Aurus Technologies have signed a partnership to offer gold-backed tokens in the Turkish market. The partnership…
“# Cardano ERC-20 converter nears testnet phase ” Decentralized finance on the Cardano blockchain is drawing closer to becoming a reality, with a token migration bridge soon to enter the testing phase. According to Francisco Landino, project manager at Input Output Hong Kong, or IOHK — the research and development arm responsible for Cardano — the…