Data from the Ethereum blockchain shows that around 75% of those invested in the meme-inspired cryptocurrency Shiba Inu ($SHIB) are now underwater. Nevertheless, investors keep on HODLing onto their tokens throughout the bear market. According to data from on-chain analytics firm IntoTheBlock, 75% of Shiba Inu investors are out-of-the-money, meaning that they purchased $SHIB above the cryptocurrency’s current price. Only […]

Data from the Cardano ($ADA) network shows that the number of wallets on it has grown by over 100,000 so far this month in the wake of FTX’s collapse, as cryptocurrency users are seemingly moving their funds to wallets they control on-chain. According to data from Cardano Blockchain Insights, the number of Cardano wallets has recently grown by over 100,000, going […]

A new announcement from leading cryptocurrency exchange Binance has helped the price of a little-known cryptocurrency, Ravencoin ($VN), surge. The move comes during a cryptocurrency bear market that has seen Bitcoin ($BTC) drop to a $15,000 low. After the Ethereum mainnet merged with Ethereum’s Beacon Chain to complete the widely-anticipated Merge upgrade on September 15, the second-largest cryptocurrency by market […]

The meme-inspired cryptocurrency Shiba Inu ($SHIB) has added over 50,000 new holders on the blockchain even amid a cryptocurrency market rout triggered by the collapse of the popular cryptocurrency trading platform FTX. According to data from CoinMarketCap and Etherscan, the number of unique addresses holding Shiba Inu on the blockchain has grown from around 1.227 million a month ago to […]

Ethereum ($ETH) whale and shark addresses are reportedly “rapidly” accumulating the second-largest cryptocurrency by market capitalization at a time in which cryptocurrency prices have taken a bearish turn. According to cryptocurrency analytics firm Santiment, Ethereum wallets with between 100 and 100,000 $ETH in their wallets have been increasing their holdings by over 3.5% over the past 12 days, to now […]

Ross Stevens, Co-Founder and Executive Chairman of NYDIG, and Greg Cipolaro, NYDIG’s Head of Research, recently wrote an article in which they explained why their firm “always has been” and “always will be” a Bitcoin company. NYDIG is “a subsidiary of Stone Ridge, a holding company that has led the creation of forward-thinking firms across the worlds of technology and […]

Popular cryptocurrency exchange Uphold has announced the launch of a new crypto-linked debit card for customers in the United Kingdom offering them reward rates of up to 4% in the $XRP digital currency. According to a press released shared with CryptoGlobe, Uphold’s cryptocurrency debit card won’t charge non-sterling transaction fees, which makes it “ideal for travel and use overseas,” the […]

Recently, former Goldman Sachs executive Raoul Pal has revealed that he sees the price of Solana ($SOL) as “very interesting” over the forced liquidations that led to increasing sell-offs in the cryptocurrency’s price. In a thread Pal shared with his nearly 1 million followers on the microblogging platform Twitter, the former Goldman Sachs executive and founder of Real Vision noted the […]

Goldman Sachs is set to start classifying the cryptocurrency industry in a bid to standardize the way the financial industry sees the nascent space, meaning the Wall Street giant will be classifying Bitcoin ($BTC), Ethereum ($ETH), Cardano ($ADA) and even meme-inspired assets like Shiba Inu ($SHIB). According to a report from CNBC, the investment bank is set to unveil a […]