Layer 1 Network Rankings: Surprising Winners

Jamie Coutts, a crypto expert, recently ranked layer 1 networks based on their growth. Here are the surprising results: Top Performers Sui: 3503% increase in Daily Active Users (DAUs) Mantle Network: 518% increase in DAUs Other Top Networks Celo: 414% growth Arbitrum: 157% growth Blast: 107% growth The Open Network (TON): 97% growth Base: 78.6%…

Read More

Mt. Gox Repayments to Creditors Start

Bitcoin and Bitcoin Cash Repayments Mt. Gox, the defunct crypto exchange, has finally started repaying its creditors in Bitcoin (BTC) and Bitcoin Cash (BCH). This comes almost a decade after the platform collapsed and went bankrupt. Repayment Process The repayment process involves designated exchanges like Bitbank, Kraken, and Bitstamp. These exchanges will make the funds…

Read More

Russia Explores Stablecoins for International Payments

Stablecoins: A New Frontier Russia is exploring the use of stablecoins for international payments to bypass sanctions and economic difficulties. Stablecoins are cryptocurrencies pegged to the value of assets like fiat currencies or gold, offering a combination of digital asset efficiency and financial stability. Russia’s Move to Stablecoins The Russian government sees stablecoins as a…

Read More

Friend.tech Backtracks on Blockchain Migration

Decision Reversal Friend.tech, a social media platform built on crypto, has reversed its decision to leave the Coinbase-backed Base blockchain. Community Feedback The decision change follows feedback from the Friend.tech community, which expressed a desire for the platform to remain on Base. The company agreed, stating that the platform was always intended to be community-driven….

Read More

Crypto Whales Make Bold Bets on Shiba Inu and PEPE

Despite the recent market downturn, some investors are taking advantage of the dip to buy up cryptocurrencies. Whale Accumulates Meme Coins One whale has been accumulating meme coins, including Shiba Inu (SHIB) and PEPE. The whale withdrew 957.77 billion PEPE tokens (worth $9.84 million) and 583.78 billion SHIB tokens (worth $9.68 million) from Binance. Other…

Read More

Bitcoin’s Rise in a Declining Dollar Standard

Bitcoin Benefits from Dollar Collapse Chris Wood, Chief Strategist at Jefferies, predicts that the potential collapse of the US Dollar Paper Standard could boost Bitcoin holders in the US. Macroeconomic Factors Wood argues that aggressive monetary policies and rising debt levels threaten the dollar’s dominance as a reserve currency. This could lead investors to seek…

Read More