ApeCoin’s recently token airdrop presented a rare opportunity for an anonymous trader to gain a hefty profit from minuscule transactions fees. The trader supposedly leveraged a fractionalized NFT platform with flash mint support to make over $800,000 while paying $642 in transaction fees. The ApeDAO launched its so-called ApeCoin ERC-2O token for the Ape ecosystem …
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Leading crypto exchange Coinbase is adding wallet support for Solana and SPL tokens Users will also be able to import their crypto tokens (SOL) from their existing Phantom and Solflare wallets. The Coinbase team is also working towards adding support for Solana NFTs in near future. Leading crypto exchange Coinbase has added wallet support for …
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8.56% of the total ETH supply is now in ETH2 deposit contracts. The merge on the mainnet — expected later this year — would increase the yield in staking ETH. The amount of ETH waiting to activate is also at an all-time high. The amount of Ethereum staked in the ETH2 deposit contract amounts to …
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An NFT collector lost a digital collectible from the Ether Rock collection worth $1.2 million after a major listing error. The holder put the rock up for sale but failed to set the appropriate trading currency. After setting the price in WEI instead of ETH, the million-dollar rock NFT was sniped by a bot. A …
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Quick take: ApeCoin (APE) has had an eventful first day of trading hitting an all-time high of $39.40 and a low of $6.48 APE has since stabilized at $7.44 after being listed on Gemini, FTX and Binance However, if history is used as a guide, ApeCoin (APE) could experience more losses before prices stabilize The …
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Ethereum gas prices have soared as the ApeCoin token recorded staggering transaction and withdrawal volumes on popular decentralized exchange Uniswap. The governance token inspired by the highly-rated NFT collection Bored Apes Yacht Club has also experienced significant activity of crypto platforms like FTX. Due to massive surges in the trading activity of the ERC-20 token …
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Ripple donates 1 billion XRP tokens, worth $800 million, to support development on its network. The funds will be distributed over the next 10 to 20 years. Meanwhile, Ripple is in the middle of a lawsuit with the SEC, which should see a resolution this year. Ripple Labs is donating 1 billion XRP tokens, worth …
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In brief: The DeFi token of Aave (AAVE) is up by over 18% in the last 24 hours The double-digit increment in value comes in the backdrop of Aave’s V3 upgrade With the newest upgrade, users of Aave will enjoy cross-chain transactions, higher efficiencies, new wallet integrations and more AAVE is also exhibiting some bullish …
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Quick take: Bitcoin hit a local high of $41,718 as anxiety grew on Wednesday, that the Fed would increase interest rates The U.S Federal reserve announced a 0.25% rate hike and signaled six more increments this year Bitcoin has since dropped below $41k to $40,600 Current prices are a relief for Bitcoin traders given Sunday’s …
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Summary: $Ape Coin token is launched on 16 March, 2022 by ApeDAO The tokens goal is to steward the growth of the Ape ecosystem in a fair and inclusive way. The token is available to trade in various exchanges such as FTX & Huobi Today, on March 16, 2022, ApeCoin DAO introduced their coin $ApeCoin …
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Ukraine’s government has passed a national bill legalizing the cryptocurrency industry in the country. President Zelenskyy signed a law that approves virtual asset exchanges for legal operations and provides crypto companies with access to traditional banking facilities. President Volodymyr Zelenskyy has approved a law to effectively legalize the crypto sector in Ukraine. The nationwide policy …
Crypto proponent Michael Novogratz has made an ambitious prediction regarding the world’s leading digital currency by market cap, Bitcoin. Novogratz said cryptos will soon go viral like the internet and the price of Bitcoin could hit $500,000 much sooner than the world expects. Former hedge fund manager Mike Novogratz has said that the market price …
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On March 11,2022 our editors covered a Reddit thread, describing reasons why the Ethereum merge is very likely to happen in June 2022. We don’t normally take Reddit threads as gospel, but this comes from an active member of the Ethereum community Superphiz.eth who has been following the upgrade much more closely than most people …
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Coin Metrics report shows a marked increase in stablecoin hodlers. All stablecoins have grown in usage number, including those not pegged to the U.S. dollar. Stablecoins will be a large part of regulatory focus this year. Stablecoins appear to be gaining momentum as usage numbers of the fiat-pegged assets are growing noticeably, as measured by …
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As the Ethereum blockchain edges closer to its proof-of-stake transition, the network has merged with the Beacon chain on the Kiln testnet. The news marks the final step before the blockchain deploys the upgrade and moves away from leveraging a proof-of-work consensus mechanism. Ethereum blockchain engineer Tim Beiko revealed that the network deployed a partly …
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