Elon Musk's acquisition of Twitter may have galvanized holders of large amounts of dogecoin into activity. Dogecoin is seeing renewed activity from whales, or large holders of the meme-focused cryptocurrency, according to on-chain data tracked by analytics firm IntoTheBlock.The number of transactions with a value of at least $100,000 rose to 2,440 on Monday, the highest since Jan. 14."The number of large transactions is a relevant metric tracking the count of transactions greater than $1...

Elon Musk's acquisition of Twitter may have galvanized holders of large amounts of dogecoin into activity. Dogecoin is seeing renewed activity from whales, or large holders of the meme-focused cryptocurrency, according to on-chain data tracked by analytics firm IntoTheBlock.The number of transactions with a value of at least $100,000 rose to 2,440 on Monday, the highest since Jan. 14."The number of large transactions is a relevant metric tracking the count of transactions greater than $1...

BTC was roughly flat over the past 24 hours and down by 6% over the past week. Traders remain cautious. Bitcoin (BTC) stabilized around $36,000 and was roughly flat on Friday. The cryptocurrency traded with lower volatility over the past 24 hours, compared with yesterday's sharp sell-off in price. Alternative cryptos (altcoins) were also relatively stable on Friday, although GALA rose by as much as 9%, outperforming other tokens on the CoinDesk 20 list. Also, Algorand's ALGO token w...

BTC was roughly flat over the past 24 hours and down by 6% over the past week. Traders remain cautious. Bitcoin (BTC) stabilized around $36,000 and was roughly flat on Friday. The cryptocurrency traded with lower volatility over the past 24 hours, compared with yesterday's sharp sell-off in price. Alternative cryptos (altcoins) were also relatively stable on Friday, although GALA rose by as much as 9%, outperforming other tokens on the CoinDesk 20 list. Also, Algorand's ALGO token w...

Yuga Labs’ long awaited “Otherside” NFT sale has spawned a secondary market for specially registered Ethereum addresses. Caveat emptor. For the past few months, the puppetmasters behind the Bored Ape Yacht Club non-fungible token (NFT) collection have been gearing up for their biggest product launch yet: a mysterious new service called Otherside. So far, all signs point to Otherside being a competitor to “metaverse platforms” like Decentraland and The Sandbox, or online social spaces in the v...

Yuga Labs’ long awaited “Otherside” NFT sale has spawned a secondary market for specially registered Ethereum addresses. Caveat emptor. For the past few months, the puppetmasters behind the Bored Ape Yacht Club non-fungible token (NFT) collection have been gearing up for their biggest product launch yet: a mysterious new service called Otherside. So far, all signs point to Otherside being a competitor to “metaverse platforms” like Decentraland and The Sandbox, or online social spaces in the v...

Bots tied to a new non-fungible token (NFT) project built on Solana caused a seven-hour network outrage on Saturday, project developers confirmed in a post on Tuesday. No new blocks were produced by the network during that time. Solana processes an average of 2,700 transactions per second (tps), blockchain explorers show, with an upper peak of over 710,000 tps on a standard network, as per developer documents. However, on Saturday night millions of transactions flooded the network each second...

Bots tied to a new non-fungible token (NFT) project built on Solana caused a seven-hour network outrage on Saturday, project developers confirmed in a post on Tuesday. No new blocks were produced by the network during that time. Solana processes an average of 2,700 transactions per second (tps), blockchain explorers show, with an upper peak of over 710,000 tps on a standard network, as per developer documents. However, on Saturday night millions of transactions flooded the network each second...

Good morning. Here’s what’s happening: Prices: Major cryptos took a turn upward but whether prices continue in the same direction is questionable. Insights: Trading volumes on leading Indian crypto exchanges have plunged since the introduction of new taxes. Technician's take: BTC remains in a tight trading range, with a loss of upside momentum. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover, our da...

Good morning. Here’s what’s happening: Prices: Major cryptos took a turn upward but whether prices continue in the same direction is questionable. Insights: Trading volumes on leading Indian crypto exchanges have plunged since the introduction of new taxes. Technician's take: BTC remains in a tight trading range, with a loss of upside momentum. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover, our da...

Stakes said it raised $5.3 million for non-fungible tokens (NFTs) aimed at sports wagering fans. New York-based Stakes wants to make sports wagering more social by offering a new web 3 experience for fans using NFTs as rewards. Play Video The money came from Digital Currency Group, FBG Capital, CMS Holdings, LD Capital, Cadenza Ventures, Matrixport Ventures, and Sterling Select Group. The company also announced the appointment of Sam Li, former Vice President at the National Basketball Associ...

Stakes said it raised $5.3 million for non-fungible tokens (NFTs) aimed at sports wagering fans. New York-based Stakes wants to make sports wagering more social by offering a new web 3 experience for fans using NFTs as rewards. Play Video The money came from Digital Currency Group, FBG Capital, CMS Holdings, LD Capital, Cadenza Ventures, Matrixport Ventures, and Sterling Select Group. The company also announced the appointment of Sam Li, former Vice President at the National Basketball Associ...

U.S. Securities and Exchange Commission (SEC) member Hester Peirce took to Twitter on Tuesday to voice her opposition to the addition of 20 new jobs on the regulatory agency’s crypto enforcement squad. “The SEC is a regulatory agency with an enforcement division, not an enforcement agency,” she tweeted on Thursday afternoon. “Why are we leading with enforcement in crypto?” Earlier on Tuesday, the SEC announced plans to increase the headcount in its newly named Crypto Assets and Cyber Unit, wh...

U.S. Securities and Exchange Commission (SEC) member Hester Peirce took to Twitter on Tuesday to voice her opposition to the addition of 20 new jobs on the regulatory agency’s crypto enforcement squad. “The SEC is a regulatory agency with an enforcement division, not an enforcement agency,” she tweeted on Thursday afternoon. “Why are we leading with enforcement in crypto?” Earlier on Tuesday, the SEC announced plans to increase the headcount in its newly named Crypto Assets and Cyber Unit, wh...

Validators, developers and token holders grapple with who is to blame for the copy-paste error that moved the tokens to an address no one can access. The Cosmos-based Juno blockchain continues to serve as a case study for the trials and travails of on-chain governance. An unprecedented community vote last week was supposed to seize millions of dollars' worth of JUNO tokens from the wallet of a whale (large investor) accused of gaming a community airdrop. Rather than send the funds to an ...

Validators, developers and token holders grapple with who is to blame for the copy-paste error that moved the tokens to an address no one can access. The Cosmos-based Juno blockchain continues to serve as a case study for the trials and travails of on-chain governance. An unprecedented community vote last week was supposed to seize millions of dollars' worth of JUNO tokens from the wallet of a whale (large investor) accused of gaming a community airdrop. Rather than send the funds to an ...

Edward Snowden, the former U.S. defense contractor whose leaks ignited a worldwide debate about internet surveillance, played a secret role in the creation of the privacy-enhancing cryptocurrency zcash (ZEC). The whistleblower, who was granted asylum in Russia and has lived there since 2013 after the U.S. charged him with espionage, was one of the six participants in the “ceremony” that established zcash’s so-called trusted setup. His previously undisclosed involvement in the 2016 ceremony wa...

Edward Snowden, the former U.S. defense contractor whose leaks ignited a worldwide debate about internet surveillance, played a secret role in the creation of the privacy-enhancing cryptocurrency zcash (ZEC). The whistleblower, who was granted asylum in Russia and has lived there since 2013 after the U.S. charged him with espionage, was one of the six participants in the “ceremony” that established zcash’s so-called trusted setup. His previously undisclosed involvement in the 2016 ceremony wa...

In addition, staking rewards would no longer be offered to cardholders after the completion of the current 180-day period. Revisions to Crypto.com’s card and staking rewards sent token prices tumbling as much as 11% as the community expressed dismay over the changes that go into effect after June 1. In a blog post on Sunday, Crypto.com said it would reduce rewards on the usage of its Visa-enabled cards based on the tiers offered. Lower tiers – such as Midnight Blue and Ruby Steel – would get ...

In addition, staking rewards would no longer be offered to cardholders after the completion of the current 180-day period. Revisions to Crypto.com’s card and staking rewards sent token prices tumbling as much as 11% as the community expressed dismay over the changes that go into effect after June 1. In a blog post on Sunday, Crypto.com said it would reduce rewards on the usage of its Visa-enabled cards based on the tiers offered. Lower tiers – such as Midnight Blue and Ruby Steel – would get ...

The issues that have prompted other countries to explore a central bank digital currency don’t exist to the same extent in Hong Kong; bitcoin continues its mini-upswing. Here’s what’s happening: Prices: Bitcoin and ether rise again; other major cryptos are mostly in the green. Insights: Hong Kong wrestles with the need for a central bank digital currency. Technician's take: BTC's current price action is similar to what occurred in 2018-2019. Catch the latest episodes of CoinDesk TV ...

The issues that have prompted other countries to explore a central bank digital currency don’t exist to the same extent in Hong Kong; bitcoin continues its mini-upswing. Here’s what’s happening: Prices: Bitcoin and ether rise again; other major cryptos are mostly in the green. Insights: Hong Kong wrestles with the need for a central bank digital currency. Technician's take: BTC's current price action is similar to what occurred in 2018-2019. Catch the latest episodes of CoinDesk TV ...

Events from the past week show why regulatory agencies might want more oversight over crypto. Something like $200 million in various cryptos were stolen, exploited or just plain burned over the past eight days. Given that, is it any wonder that regulators like Gary Gensler want closer oversight of the crypto sector? You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.Consumer protectionsT...

Events from the past week show why regulatory agencies might want more oversight over crypto. Something like $200 million in various cryptos were stolen, exploited or just plain burned over the past eight days. Given that, is it any wonder that regulators like Gary Gensler want closer oversight of the crypto sector? You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.Consumer protectionsT...