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Blockchain
With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021
Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore,…
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Liquid Staking Protocols See Increase in Monthly ETH Deposits Despite Withdrawals Post-Shapella Hard…
Following the Shapella hard fork on April 12, 2023, approximately 332,368 ether, valued at around $699 million, has been withdrawn. Despite these withdrawals, liquid staking protocols like Lido, Rocketpool, and others have experienced an…
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Chia Network Files for IPO With the SEC, Eyes Public Listing
On Friday, Chia Network Inc. announced that it had submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), requesting an initial public offering (IPO). The blockchain network company,…
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Solana’s Crypto and Web3 Smartphone ‘Saga’ Available to the General Public on May 8
Solana’s cryptocurrency and Web3 smartphone, Saga, will be available for purchase on Monday, May 8, 2023. Crafted by OSOM, the Android smartphone is designed specifically for Web3 applications and enables users to self-custody crypto…
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Mastercard Launches NFTs to Support Emerging Musicians Through Web3 Technologies
According to Mastercard, the payments giant has launched non-fungible tokens (NFTs) that grant access to the Mastercard Artist Accelerator program, designed to support emerging musicians. Developed in collaboration with Polygon, the NFT…
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Binance US to Delist Tron and Spell Tokens Amid Heightened Regulatory Pressure
According to a recent announcement from Binance US, the American-based subsidiary of the largest cryptocurrency exchange by volume, the exchange plans to delist the cryptocurrency asset tron. The news follows Binance’s being sued by…
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Ethereum’s Shapella Upgrade to Enable Staking Withdrawals Set to Go Live on April 12
The Ethereum blockchain is set to undergo its next major update since the network switched from proof-of-work to proof-of-stake through The Merge. The upcoming upgrade, dubbed “Shapella,” which combines the Shanghai and Capella validator…
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Google Trends Data Shows Bitcoin Search Interest Surged This Week Amid 10-Month Price High
According to worldwide data from Google Trends, the search term “bitcoin” has reached a score of 93 out of 100 in the last seven days. Additionally, the price of bitcoin rose above the $30,000 range for the first time in ten…
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Cleanspark Purchases 45,000 Bitcoin Mining Devices, Adding 6.3 EH/s to Current Fleet
On Tuesday, the bitcoin mining company Cleanspark announced that it had purchased 45,000 Antminer S19 XP bitcoin mining devices for a total price of $144.9 million. Cleanspark stated that the new fleet would add 6.3 exahash per second…
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Ethereum Rival Far Outpacing Other Crypto Platforms in Number of Daily Transactions: Analytics Firm
A prominent analytics firm says one of Ethereum’s (ETH) biggest rivals is way ahead of the blockchain pack in one key on-chain metric.
Messari says that smart contract platform Solana (SOL) remains the top protocol among emerging…
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