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“# Dogecoin more popular than ever … even as TXs hit lowest level since 2017 ” The power of the Dogecoin meme is strong despite transaction levels of DOGE hitting the lowest they’ve been since 2017. Multiple firms have made DOGE adoption plays this week including Robinhood which confirmed that it will roll out a…
“# 3 reasons why REN price is up 340% from its July swing low ” Interoperability has become one of the driving themes within the crypto market and as the blockchain ecosystem evolves into an interconnected web of layer-one protocols, the importance of communication and efficiency among decentralized applications (dApps) will also increase. Ren (REN),…
“# Bank of Russia wants to block ‘emotional’ and suspicious crypto activity ” As cryptocurrency investments get more popular in Russia, the country’s central bank is actively working to curb perceived suspicious crypto activity as well as block some crypto purchases. The Bank of Russia has started working with local banks to make them halt…
“# Bitcoin worth $2 billion moves for just $0.78 ” Block data from Blockchain.com reveals that a colossal Bitcoin (BTC) transaction worth $2 billion was processed on Monday night. Despite the enormous financial value, the unknown wallet holder only paid 0.00001713 BTC fees equivalent to $0.78. Although it is unknown what the purpose of this…
“# After passing $1T in crypto transactions, Blockchain.com CFO hints at going public in 2023 ” Macrina Kgil, chief financial officer of crypto wallet provider and exchange Blockchain.com, said an initial public offering for the platform could happen as early as 2023. In a Forbes interview released on Monday, Kgil said Blockchain.com could consider an…
“# Bitcoin transactions stay low despite price rally: Data ” Despite Bitcoin (BTC) price growing 45% over the past 30 days, cryptocurrency investors are not moving their holdings, according to new data. Blockchain analytics provider Glassnode released its new “The Week On Chain” report on Monday, noting that Bitcoin has continued rallying to new multi-month highs…
“# 1inch announces deployment to Optimism’s layer-2 solution ” Decentralized exchange aggregator 1inch has announced its deployment on the Optimistic Ethereum, or OE, mainnet, highlighting a considerable reduction in user transaction fees and confirmation delays. Sergej Kunz, co-founder of the 1inch Network stated “the 1inch launch on Optimistic will facilitate a dramatic increase in transaction…
“# Ethereum supply flips briefly into deflation as gas fees spike ” The theoretical deflationary properties of Ethereum’s London upgrade last week have already been seen in action on the blockchain with almost 800 “deflationary blocks” produced. A spike in the Ethereum transaction fee burn rate has resulted in at least two hours when the…
“# Biconomy’s Hyphen enables low-cost transfers between Ethereum and Polychain ” Multichain infrastructure network Biconomy has formally launched its Hyphen mainnet, setting the stage for instant low-cost token transfers across blockchains like Ethereum and Polygon. With the launch of Hyphen, users can make near-instantaneous USD Coin (USDC) transfers between Ethereum and Polygon rather than waiting 30…
“# Ethereum network burns $395K ETH per hour after London upgrade ” Approximately 2.3 ETH is being burnt every minute through the new transaction fee mechanism introduced in Ethereum’s London upgrade on August 5. The highly anticipated London hard fork went live on Wednesday this week, ushering in the EIP-1559 upgrade that adjusted gas fees….