Author: Digicoinvision
Development has steadily continued over the last month and a half as we approach the launch of Metropolis. Over a series of core dev calls over the last few months, we have specified and finalized the EIPs for Metropolis, and made the appropriate changes to the Yellow Paper. Metropolis has now been split up into two consecutive forks, named “Byzantium” and “Constantinople”. EIPs for Byzantium (Metropolis part one) are essentially finalized, and the last remaining work to be done has to do with writing tests and making sure that all clients are passing all tests. The Ethereum network continues to…
Update Aug. 25, 9:01 am UTC: This article has been updated to add more details about the current largest corporate SOL treasuries. Digital asset companies Galaxy Digital, Multicoin Capital and Jump Crypto are reportedly working to raise $1 billion to buy Solana. A Bloomberg report citing anonymous sources said on Monday that the three companies are looking to form the largest treasury dedicated to Solana (SOL). It added that the three companies have tapped Cantor Fitzgerald as lead banker.The plan reportedly involves taking over a publicly traded entity to create a digital asset treasury company focused on SOL. Bloomberg said that…
Stablecoin adoption has grown in Venezuela as the government tightens controls to impose the official dollar exchange rate on businesses, which is much lower than the value of dollar-pegged tokens in P2P markets such as Binance. Stablecoin Usage Grows as Businesses Try to Stay Afloat in Venezuela Stablecoins have become useful tools in distressed economies […]
A wallet address labeled by blockchain security analysts as the “Coinbase hacker” bought $8 million in Solana on Sunday using reportedly ill-gotten gains.According to Lookonchain, the hacker converted DAI (DAI) to USDC (USDC), then bridged to the Solana network and bought 38,126 Solana (SOL) near the $209 mark across multiple purchases. Solana is currently trading at $202.15, meaning the hacker has made a paper loss since the trade. Blockchain analytics platform Arkham has flagged the wallet address as “Coinbase hacker,” while Lookonchain claimed the wallet is linked to the theft of over $300 million from Coinbase users. Source: LookonchainHacker bought…
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Crypto analyst Astronomer (@astronomer_zero) says his long-standing bottom thesis on the ETH/BTC pair has played out and published explicit cycle targets anchored to the cross. In a chart shared on X, he reiterated that “ETH bottom call” is in and framed the roadmap entirely through ETH/BTC…
Ethereum’s price has slipped nearly 5% after hitting a new all-time high of $4,946 earlier today. Summary Ethereum price has cooled off after hitting an all-time high on Aug. 25. Historical data suggests that September could be bearish for ETH. Technicals portray a contrasting outlook as ETH trades within an ascending channel on the daily chart. According to data from crypto.news, Ethereum (ETH) price rallied over 21% to hit a new all-time high of $4,946 on Aug. 25 before settling down at $4,713 as of press time. At this price, it remains 26% above since the beginning of August and…
Key Takeaways Litecoin dipped below its trendline, yet Funding Rates increased, signaling leveraged optimism. The Stochastic RSI bounced, raising chances that the drop was only a fake-out. Litecoin [LTC] slipped below a key trendline. After weeks of holding above an ascending trendline that has held strong and initiated several rejections, LTC broke under this level on the daily chart. However, that move alone did not confirm a full trend reversal, but it did introduce caution into the short-term outlook. Source: TradingView Momentum stuck between signals Momentum signals were not decisive. The Stochastic RSI just bounced from oversold levels at 31,…
A wallet address labeled by blockchain security analysts as the “Coinbase hacker” bought $8 million in Solana on Sunday using reportedly ill-gotten gains.According to Lookonchain, the hacker converted DAI (DAI) to USDC (USDC), then bridged to the Solana network and bought 38,126 Solana (SOL) near the $209 mark across multiple purchases. Solana is currently trading at $202.15, meaning the hacker has made a paper loss since the trade. Blockchain analytics platform Arkham has flagged the wallet address as “Coinbase hacker,” while Lookonchain claimed the wallet is linked to the theft of over $300 million from Coinbase users. Source: LookonchainHacker bought…
US President Donald Trump signed an executive order on Aug. 7, allowing crypto in 401(k) retirement plans. The crypto industry has called the move a win for adoption, but investment professionals warn it comes with significant risk. The order “Democratizing Access to Alternative Assets for 401(k) Investors” directed US financial regulators to expand access to crypto and private companies in 401(k) plans. The 401(k) employee-sponsored investment scheme is one of the most popular retirement plans in the US. As of 2024, 401(k) plans held $8.9 trillion in assets. As such, it would represent a huge source of demand for cryptocurrencies and could…
This week presented yet another strong outlook of the exciting landscape of virtual currency, reminding investors about its inherent fluctuations and potential returns. According to metrics shared today by CMC, the market experienced enthusiasm as multiple assets registered impressive performances. OKB, MORPHO, AAVE, ARB, JTO, SOL, ETH, LINK, TRX, and PENDLE are the leading virtual tokens that demonstrated substantial gains over the past seven days, as reported by the data. Despite heightened turbulence in the marketplace, these assets managed to attract customer attention and take advantage of their innovative features. Their performance highlights the dynamic nature of virtual currency investments,…