In A Nutshell The Tron network has marked a significant milestone by reaching an average daily user count of 2.5 million. This growth in network activity is not only a testament to Tron’s increasing adoption but also reflects positively on its cryptocurrency, TRX, which has seen over a 5% increase in its price over the…
In A Nutshell Recent discussions within the blockchain community indicate a divergence of opinion regarding the viability and future of Non-Fungible Tokens (NFTs). While some argue that NFTs are nearing their demise following a dip in trading volumes, key figures within the space offer a different perspective. Toshiuki Otsuka, Anoir Houmou, and other experts assert…
In A Nutshell The digital currency, Notcoin (NOT), has witnessed a notable increase in its value following a strategic move by its development team to burn $3 million worth of tokens. This action has resulted in a 9.91% surge in NOT’s price within a span of 24 hours, capturing the attention of the crypto community…
In A Nutshell The emergence of celebrity-backed tokens in the cryptocurrency market has sparked a debate among Web3 executives and professionals. These tokens, often referred to as celebrity memecoins, have divided opinions on their potential impact on the crypto ecosystem. Proponents argue that they serve as an accessible on-ramp for new users into the world…
In A Nutshell The Cardano network recently thwarted a distributed denial of service (DDoS) attack aimed at its staking mechanism, demonstrating the robustness and quick response of its developer community. Following the attack, there was a noticeable spike in development activity as the team sought to further secure the network. Despite these developments, the price…
In A Nutshell The Altcoin Season Index, a metric designed to gauge the market’s temperature for alternative cryptocurrencies (altcoins) relative to Bitcoin (BTC), currently indicates a lack of momentum for a forthcoming altcoin season. Historical trends suggest altcoin seasons follow periods where Bitcoin sees substantial gains and enters a consolidation phase. However, current market conditions,…
In A Nutshell The legislative landscape for digital currencies in the United States is witnessing significant developments as North Carolina’s General Assembly has passed a bill that could place restrictions on the use of a Federal Reserve-issued central bank digital currency (CBDC) within the state. House Bill 690, having garnered overwhelming support in both state…
In A Nutshell Ethereum’s shift from a deflationary to an inflationary trend has sparked concerns among investors and market analysts. Despite the continuous burning of ETH through transaction fees, the total supply of Ethereum has seen a notable increase, particularly following a major network upgrade in March. Meanwhile, the potential introduction of Ethereum ETFs is…
In A Nutshell Bitcoin (BTC), the leading cryptocurrency by market capitalization, exhibited resilience after a temporary descent below the $60,000 mark on June 24, 2024. This downturn represented its lowest value since May 3, however, the digital currency quickly recovered, showcasing the volatile nature of the crypto market. This piece delves into the factors influencing…
In A Nutshell The official X (formerly known as Twitter) account of the legendary heavy metal band Metallica was reportedly compromised to promote a cryptocurrency token named METAL. This token, which operates on the Solana blockchain, was falsely advertised as a collaboration with Ticketmaster and fintech company MoonPay. Despite the initial spike in its value,…