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The Ethereum network has experienced a technical issue that prevented the blockchain from validating transactions for approximately 30 minutes. Ethereum Unable to Validate Transactions for 30 Minutes Image: Bankless In the early hours of May 12, Ethereum, the world’s second-largest cryptocurrency network, encountered a technical glitch affecting its transaction
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Circle, the company behind the second-largest stablecoin USDC, has announced plans to adjust its reserve holdings in response to the ongoing U.S. debt crisis. Circle Reduces Short-Term Bonds Amid U.S. Debt Crisis In a recent statement, CEO Jeremy Allaire revealed that Circle will cease holding short-term bonds after
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With Bitcoin transaction fees reaching a two-year high due to the BRC-20 token craze, Bitcoin (BTC) users are increasingly turning to Litecoin (LTC). On May 9, Litecoin (LTC) saw its transaction volume soar to an all-time high, driven by the surge in Bitcoin (BTC) fees resulting from the new BRC-20
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Amid rising network congestion caused by the new BRC-20 token standard, the Bitcoin Core development team is contemplating the removal of non-standard Taproot transactions from the Bitcoin network. A serious debate is unfolding among Bitcoin Core developers on whether to exclude non-standard Taproot transactions from all nodes. Although five developers
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In its second quarterly earnings report, Tether, the issuer of the largest stablecoin in the crypto market, has announced a profit of $1.5 billion, doubling its previous earnings. According to the Q1 2023 report, Tether, the company behind the USDT stablecoin, recorded a profit of $1.48 billion in
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With 14,200 BRC-20 tokens minted on Bitcoin, the BRC-20 market cap almost reached $1 billion before retreating to its current level of around $700 million. ORDI is leading the charge, boasting a diluted market cap of $390 million. BRC-20 Tokens on the Brink of $1 Billion Market Cap According
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The Lido Finance (LDO) staking protocol is set to upgrade to Lido V2 on May 15th, which will coincide with the unlocking of a substantial amount of ETH following the Shanghai upgrade. Lido Finance to Unlock ETH on May 15th According to the latest update from Lido, the protocol will
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With the Shanghai upgrade now a month behind us, the Ethereum community is turning its attention to the next major milestone: the Dencun upgrade. What should we expect from this upgrade, and how will these changes impact the Ethereum network? Let’s dive into the details! What is the Dencun
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Review of Last Week’s Trading Plan Last week, our plan for BTC was to anticipate a sideways movement, and the market reflected this expectation accurately. Even with the FOMC news, BTC prices remained in a sideways trend. BTC Plan: 1-hour chart of BTC/USDT on Binance Futures, screenshot from
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The world’s largest cryptocurrency exchange, Binance, resumed Bitcoin (BTC) withdrawals last night, but it appears the issue has not been fully resolved. Binance Suspends Bitcoin Withdrawals Again Amid BRC-20 Surge Update at 11:00 AM As of 11:00 AM on May 8th (Vietnam time), Binance has reinstated BTC
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Liechtenstein’s Prime Minister has announced intentions to accept Bitcoin (BTC) as a payment method for international transactions involving the government. Liechtenstein Plans to Accept Bitcoin (BTC) for Government Transactions In an interview with Handelsblatt, Liechtenstein Prime Minister Daniel Risch revealed that the country is prepared to accept Bitcoin (BTC)
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BitDAO Proposes Integrating BIT as the Main Token for Mantle Layer-2 Solution On May 5, 2023, BitDAO, the decentralized autonomous organization backed by Bybit, presented a proposal to consolidate its entire ecosystem into Mantle Network, its newly launched Layer-2 solution. The proposal suggests transforming BIT into the primary token for