According to Nassim Taleb, cryptocurrencies are losing popularity as many of their ardent supporters shift their enthusiasm towards artificial intelligence (AI). In a recent tweet, the author of “The Black Swan” observed that the once-booming crypto trend is starting to wane, with a particular demographic of tech-savvy young adults, often associated with spending long hours […]
Binance France records €4 million loss in 2022, optimistic for profit in 2023
Binance France first audited financial records covering 14 months between when the company was created in November 2021 to December 2022 showed that the exchange recorded a loss of €4 million. Throughout the period, Binance France incurred total expenses of €14 million to cater for its staff payroll, marketing, administrative costs, taxes, and professional fees. […]
Ethereum’s Silence Speaks Volumes: On The Verge Of $2,000 Return?
In the fast-paced world of cryptocurrencies, where XRP and Chainlink have been making waves recently, Ethereum seems to be quietly biding its time at $1,895. However, Santiment, a crypto insights provider, has sparked interest by revealing under-the-radar metrics that might suggest an imminent ETH surge above $2,000. Following its peak of $2,132 on April 16, 2023, Ethereum […]
OpenAI Brings ChatGPT to Android as AI Boom Continues
OpenAI wants to gain as many ChatGPT users as possible, and is going beyond web browsers by adding an Android app to its stable.
Dogecoin Becomes 8th-Largest Cryptocurrency After Adding $1 Billion To Market Cap
Dogecoin continues to cement itself as the largest meme coin by market cap, displaying signs of renewed enthusiasm every so often. This week, the meme-inspired cryptocurrency added over $1 billion to its market cap, making it the 8th-largest crypto. This was a result of Dogecoin’s surge of over 10%, boosting its market cap to more […]
Solana Posts Significant Network Improvement In Half-Yearly Report
Solana, the leading layer-1 blockchain, has made marked improvements through the first six months of 2023. A report published by the Solana Foundation on July 20 shed light on uptime, a measure of network reliability, the ratio of non-voting-to-voting transactions, the time to produce a block, and the average and maximum transactions per second. One […]
Do Ethereum users prefer staking over trading?
A trend indicated that more and more people were taking ETH out of the market and using it as an investment to earn yields in staking.
Arbitrum’s 3rd Largest DeFi Protocol Scores $10M Funding From Binance Labs
Binance’s venture capital and incubation arm, Binance Labs, has announced investing $10 million in LayerZero Labs-based lending and borrowing protocol, Radiant Capital. The capital raised in the strategic funding round will be deployed to tech and product development to expand on oracle support, collateral expansion, Ethereum mainnet deployment, cross-chain liquidations, dual-emissions support, abstracted repayments, and […]
Centralized exchanges will become gateways for DeFi: Finance Redefined
The top 100 DeFi tokens had a mixed week, with most of the tokens continuing to trade in a similar range as the previous week.
XRP Eyes ‘Monster Move’ As Ripple Seeks Crypto License In Ireland And UK Following Courtroom Win
Hot on the heels of a partial victory in its fight with the SEC last week, Ripple is setting its sights on obtaining regulatory greenlight in the UK and the Republic of Ireland. Ripple has already sent applications for registration as a crypto asset firm with the UK’s Financial Conduct Authority (FCA) and for a […]