There’s a misguided belief that memecoins are helping people out of poverty that I believe is really damaging to the space. More so, I think chains like Solana and Avalanche, which are seeing increased attention due to memecoin fervor, are incredibly overheated. Essentially, memecoin volumes are vanity metrics akin to likes and followers on social […]
The post Memecoin volumes are just vanity metrics for desperate blockchains appeared first on CryptoSlate.
After a face-melting rally in the AI crypto sector over the past few months, investors appear to have taken a profit-taking approach over the past few days. The sector soared past $10 billion in mid-February, buoyed by Bittensor’s remarkable climb to a $4 billion market cap with an increase of over 220% in 2024. By […]
The post AI crypto traders take profits pushing tokens down up to 20% after scorching 2024 rally appeared first on CryptoSlate.
The chances of approval for the pending spot Ethereum exchange-traded fund (ETF) applications this May are strained as two US Senators urged the Securities and Exchange Commission (SEC) to reject other crypto ETF proposals. In the March 11 letter to SEC Chair Gary Gensler, Senators Jack Reed and Laphonza Butler advised the financial regulator to […]
The post US senators push SEC to reject other crypto ETF proposals, casting doubt on Ethereum ETF approval chances appeared first on CryptoSlate.
Bitcoin experienced a heavy price correction during Asian trading hours, dipping to a multi-week low of under $66,000, which resulted in significant losses for traders betting on further price increases. Over the past weeks, the flagship digital asset, fueled by the buzz surrounding the spot Bitcoin exchange-traded funds (ETFs), had been on an upward trend […]
The post Bitcoin’s sudden price correction wipes out over $666 million from long traders in 24 hours appeared first on CryptoSlate.
Cybersecurity firm Trail of Bits has concluded the audit of Worldcoin’s ORB technology and found that it adheres to stringent privacy protocols, particularly in how it processes and stores personally identifiable information (PII). The full report was released on March 13 and revealed that there are no vulnerabilities in the ORB software and validated many […]
The post Trail of Bits completes Worldcoin security audits, finds no vulnerabilities appeared first on CryptoSlate.
Transaction fees across various Ethereum layer-2 networks, such as Base, StarkNet, and Optimism, have seen significant reductions following the implementation of the Dencun upgrade. Yesterday, the Dencun upgrade went live after months of anticipation within the crypto community. The upgrade, described as the most “complex fork” since Ethereum transitioned into a proof-of-stake network, introduced a […]
The post Blobs successfully slash layer-2 fees as Ethereum Dencun upgrade aims to increase adoption appeared first on CryptoSlate.
MicroStrategy is looking to raise another $500 million via a bond offering to continue growing its Bitcoin stash less than a week after completing a similar debt sale, according to a March 13 press release. The latest senior convertible notes come with a March 15, 2031, maturity date and offer investors a semi-annual interest payment. […]
The post MicroStrategy looks to raise another $500 million via debt to buy more ‘apex property’ appeared first on CryptoSlate.