In A Nutshell In an unexpected development within the stablecoin sector, Visa’s on-chain analytics reveal that Circle’s USD Coin (USDC) has surpassed Tether’s USDT in terms of transaction count. As of April 2024, USDC recorded 166.6 million transactions, edging past USDT’s 163.6 million. This shift marks a significant milestone, given Tether’s dominance as the largest…
In A Nutshell The cryptocurrency sector is on a remarkable trajectory, with projections indicating the potential to reach one billion users by the end of 2025, as per Bitcoin analyst Willy Woo. This prediction rests on an extensive analysis aggregating numerous prior studies, offering a comprehensive view into the future of crypto adoption. Meanwhile, a…
In A Nutshell Blockchain rollups are innovative scalability solutions designed to enhance the efficiency of blockchain networks. By processing and bundling multiple transactions off-chain before finalizing them on the main blockchain, rollups effectively reduce congestion and lower transaction costs—all while preserving the security and integrity of the network. This technology, encompassing Zero-knowledge (ZK) rollups and…
In A Nutshell Digital asset management firm Pantera Capital is reportedly on the path to raising over $1 billion for its new crypto fund, Pantera Fund V. This initiative marks a significant step as the firm aims to offer investors comprehensive exposure to the blockchain sector. The fund, which is projected to launch in April…
In A Nutshell Marathon Digital, a leading Bitcoin mining firm, has recently announced its ambitious plan to increase its 2024 hash rate target to 50 exahashes per second (EH/s), up from the previously set goal of 35-37 EH/s. This adjustment follows the company’s strategic acquisitions, which have significantly expanded its capacity. This move not only…
In A Nutshell Quentin Tarantino, the iconic filmmaker known for his distinctive narrative style and cinematic universe, had reportedly envisioned creating a metaverse for what was supposed to be his 10th and potentially final film, titled “The Movie Critic”. This ambitious project aimed to blend Tarantino’s rich catalogue of characters and narratives into a single…
In A Nutshell Security experts from the cryptocurrency community have issued a caution to new digital asset users about the potential risks associated with decentralized finance (DeFi) and decentralized exchanges (DEXs). With the continued growth of the crypto user base, reaching approximately 580 million by December 2023, the call for prudent engagement in the crypto…
In A Nutshell Block, the payments firm formerly known as Square, has recently announced its ambitious plan to develop a comprehensive Bitcoin mining system. This development comes as a part of the company’s initiative to address the various challenges faced by mining operators today. At the forefront of this initiative is the development of a…
In A Nutshell The aftermath of the DAO Maker hack, which took place in August 2021, continues to affect its victims who are still awaiting promised compensation for their losses. Despite initial promises from DAO Maker’s development team to reimburse those affected via a combination of USD Coin (USDC) and an IOU token named USDR,…
In A Nutshell Polkadot (DOT), the 13th largest cryptocurrency by market capitalization, is on the verge of breaking through a significant resistance level. If successful, this could catapult the token into a new bull rally, mirroring its performance from earlier this year. With market indicators turning bullish and open interest in DOT rising, investors are…