Bitcoin’s 7-day average transaction fees have outpaced those of Ethereum, signaling a renewed interest in on-chain assets. This unexpected shift in transaction fee dynamics indicates a renewed interest in on-chain assets while challenging Ethereum’s traditionally higher fees. Bitcoin Overtakes Ethereum Bitcoin, the pioneering cryptocurrency, has witnessed a noteworthy uptick in transaction fees, with the average daily transaction fees on Bitcoin […]

The U.S. Department of Justice has reportedly proposed a settlement of $4 billion with Binance, a major cryptocurrency exchange. Despite potential legal issues and possible accusations against CEO Changpeng Zhao, the exchange’s native token, BNB, saw a surprising increase in value. Following the news of the DOJ’s settlement proposal, the price of BNB rose significantly, moving from $247 to a […]

The United States Justice Department is negotiating with Binance in an attempt to resolve its investigation into the company, according to a Nov. 20 report from Bloomberg citing people familiar with the discussions. The agreement would require Binance to pay $4 billion in fines. In return, the company would be allowed to keep operating while complying with U.S. laws. According […]

On November 14th, Litecoin processed over 1 million transactions in a single day, more than double the number processed by Bitcoin on the same date. According to BitInfoCharts, Litecoin processed more than 1,015,900 transactions. This indicates significant growth in the adoption and usage of Litecoin. However, despite the increased number of transactions, the total volume transferred on the network remained […]

On 20 November 2023, U.S. Treasury Secretary Janet Yellen appeared on CNBC’s “Squawk Box” to discuss various economic issues with co-anchor Andrew Ross Sorkin. The conversation covered the economic implications of the recent meeting between President Biden and Chinese President Xi Jinping, the state of the U.S. economy, the ongoing battle against inflation, and geopolitical concerns. Janet Yellen is a […]

Research and development firm Dfinity Foundation has partnered with artificial intelligence (AI)-focused blockchain firm SingularityNET to improve the infrastructure of decentralized AI and allow decentralized applications (DApps) on the Internet Computer blockchain to access large language models (LLMs).  On Nov. 20, the companies announced the launch of a joint initiative to integrate the ICP blockchain with the SingularityNET marketplace. According […]

In a significant development for the cryptocurrency sector, Ripple’s XRP has been identified as a preferred investment choice among the world’s leading banks, according to a new report by the Basel Committee on Banking Supervision (BCBS). The BCBS, the principal global standard-setter for banks’ prudential regulation, has introduced a comprehensive dataset focusing on banks’ engagement with crypto-assets. The BCBS Cryptoasset […]

Crypto exchange Poloniex recently posted a message to the hacker responsible for stealing over $100 million in digital assets from one of its wallets saying that they’ve identified the person and are giving the perpetrators a chance to return the assets in exchange for a $10 million bounty.  An on-chain message shared by blockchain security firm PeckShield on social media […]

Next year’s most successful Web3 games will pivot from play-to-earn (P2E) to instead focus on being completely free-to-play to dr in players, says Yield Guild Games CEO and co-founder Gabby Dizon.  Speaking to Cointelegraph, Dizon said unlike games such as Axie Infinity — which require players to purchase at least three Axie nonfungible tokens (NFTs) to play — the new […]