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Solana (SOL) becomes the most traded altcoin in US exchanges this year.  Solana (SOL) is witnessing a dramatic climb in trading volume , outshining other altcoins on exchanges accessible in the United States over the current year. Leading exchange, Coinbase strategically increased its holdings by acquiring 2.2 million SOL tokens on Oct. 18. Since then, SOL is up by over 35%. In contrast, South Korea’s prominent exchange, Upbit, sold nearly 4 million SOL tokens. SOL’s monthly price chart What’s driving Solana (SOL)? A surge in network activity, particularly within liquid staking token protocols such as Jito, has contributed partially to Solana’s price acceleration, according to the data from Kaiko Research. As a prominent alternative Layer 1 (alt L1) blockchain, Solana is frequently juxtaposed with Ethereum (ETH), and the recent months have seen Solana outshine its counterpart. The comparative ratio of SOL to ETH has escalated from 0.011 in September to ...

Decentralized exchange dYdX Trading announces its transformation into a public benefit corporation, emphasizing community alignment by waiving trading fee revenues for its upcoming v4 platform. Decentralized exchanges are rapidly evolving, and one of the key players, dYdX Trading, has recently announced a significant change in its operations. As of its upcoming v4 platform, dYdX, will no longer earn trading fee revenue. This decision emerges from its recent transformation into a public benefit corporation . Antonio Juliano, dYdX’s founder and CEO, highlighted this pivot by mentioning that as developers of open-source software, they want to align more closely with the community’s best interests. The change reinforces the ethos of decentralization that blockchain enthusiasts typically advocate for. “The specific public benefit to be promoted by this corporation is building and supporting protocols that, and industry members who, promote and facilitate economic or te...

Coinbase is extending its perpetual futures trading service to non-US retail clients, following a successful trial with institutional traders. Coinbase has announced the expansion of its perpetual futures trading service to non-US retail clients. This decision comes in the wake of observing over $5.5 billion in notional volume during the second quarter, predominantly from institutional trading. Coinbase had originally introduced its perpetual futures trading in May. However, this service was exclusively available to institutional investors located outside the United States. Fast forward to Sep. 28, and now, non-US retail traders can check their eligibility for this offering on the Coinbase Advanced platform. The commencement of actual trading for these users is slated for the upcoming weeks. The expansion continues… Thrilled to announce that Coinbase International Exchange has secured regulatory approval from the Bermuda Monetary Authority (BMA) to enable perpetual futures f...

Blockchain analyst ZachXBT accused crypto influencers TraderSZ, Trader_XO, TraderNJ1, and PetaByte of scamming. Expert claims that they fraudulently obtained tokens, inflated their price, and sold them. His investigation consists of two parts. In the first one he covers the actions of TraderNJ1 and PetaByte who used other people’s names to obtain (CompanionBot) CBOT and (Baby Shiba Inu) BABYSHIB tokens. 1/ Part 1 of an breakdown into how @TraderNJ1 @PetaByteCapital have deceived multiple projects by leveraging the names of other influencer to obtain free tokens from CBOT and BABYSHIB to dump on followers undisclosed. pic.twitter.com/BllmaDzDO5 — ZachXBT (@zachxbt) September 10, 2023 These coins were allocated 8% and 3.5% of the supply, respectively. Both influencer s claimed that these tokens would increase in value by 10-20x. You might also like: One wallet conducted 114 meme coin scams, ZachXBT’s findings After the asset price soared, traders drained their...

Traders say the record-low number of BTC held on exchanges is a bull signal, but data suggests otherwise. Crypto analysts on X (the social media platform formerly known as Twitter) and in YouTube interviews have been abuzz with talk about the trend of Bitcoin leaving centralized exchanges. On Aug. 29, the quantity of Bitcoin (BTC) held within exchanges saw a decline, reaching its lowest point since January 2018. While various factors might underlie this movement, experts analyzing blockchain data often interpret the shift as a positive indicator. Traders are now questioning what might have been causing Bitcoin’s inability to break above $31,000 since this price action doesn’t align with their view that fewer coins on exchanges is bullish for the BTC price. The perspective on the decline of Bitcoin held at centralized exchanges stems from the notion that when traders withdraw their coins, it signals a bullish sentiment. This is typically associated with a strategy of holding assets in...

NFT aggregator Rarible said by October it would cut off aggregate orders from competitors that don’t enforce royalties, such as OpenSea. Nonfungible token (NFT) marketplace Rarible has seen a substantial uptick in trading volume over 24 hours following a public statement in support of maintaining NFT creator royalties. It comes as competitor NFT marketplace s such as OpenSea have rewound support for royalties and royalty enforcement — prompting other NFT projects to also begin rewinding support for OpenSea. Data from the analytics platform DappRadar shows that 24-hour fiat trading volume on Rarible reached $1,500 across 38 sales for Aug. 23, clocking a 653% increase from the day before. 1/ Following @rarible's decision to maintain creator royalties , and remove both @opensea and @blur_io from their aggregation data, Rarible's trading volume is up 637% in the past 24h. Do you think Rarible is right? View @rarible on DappRadar https://t.co/9hh0AQa7Nj pic.twitter.com/cg1dPChYar ...

Bitcoin almost breaks down from its sideways construction in place for months, and Bitcoin bulls are struggling to prop up the market. Bitcoin (BTC) targeted two-month lows on Aug. 17 as United States inflation returned to spook cryptocurrencymarkets. BTC/USD 1-hour chart. Source: TradingView BTC price teases exit from months-long corridor Data from Cointelegraph Markets Pro and TradingView confirmed the lowest BTC price levels since June 21 as BTC/USD wicked to $28,300. The downside came after the United States Federal Reserve published the minutes of its July meeting to discuss future monetary policy. Members of the Federal Open Market Committee (FOMC) revealed concerns that inflation might remain elevated without further interest rate hikes — something risk assets did not wish to see going forward. “Participants discussed several risk-management considerations that could bear on future policy decisions,” the minutes read.  “With inflation still well above the Committee's longe...

Unibot price could be over-extended, but notable user base growth and real yields paid to token holders are a reflection of the project’s strong fundamentals. Unibot (UNIBOT) token was among the top crypto gainers in July as its price rallied by 400% in a month to reach an all-time high of $199.90 on July 28. The project defied the market’s negative trend as both Bitcoin (BTC) and Ethereum (ETH) dropped by nearly 4%. However, by August 3, 2023, the token's price retraced 44% from its peak, leading to doubts about whether this surge was merely a fleeting trend. Nevertheless, it is essential to consider the project's fundamentals, which seem to suggest otherwise. The project is a harbinger of a newfound bullish narrative around decentralized Telegram bots for trading on DEXs. The total market capitalization of the sector surged above $150 million from around $20 million at the start of July, per Coingecko. While a number of copycats have launched in the market, Unibot has a dom...

Robinhood, a popular trading platform, has announced that its crypto trading volumes plunged in May amidst a regulatory crackdown on centralized entities. Cryptocurrency traders are migrating from centralized exchanges (CEXs) to hybrid exchanges as they offer less restriction.  Amidst the exodus of traders, Tradecurve has stood out, but can it take over from centralized trading platforms? >>Buy TCRV tokens now<< Robinhood trading volumes plunge 68% Robinhood, a trading platform, has reported a decrease in cryptocurrency trading volume in its May report. You might also like: Bitcoin price slips after Fed decision, ethereum price at a critical turning point, Tradecurve bullish The report shows a 43% drop in crypto trading volume from the previous month and a 68% year-over-year drop. As a result, their revenue from crypto trading commissions and fees fell by 22% in May. The decrease in trading volume is due to the U.S. Securities and Exchange Commission...

The volatility and purported lack of intrinsic value of most crypto assets make it particularly risky for consumers, the politicians claimed. The trading of so-called “unbacked cryptoassets” such as Bitcoin (BTC) and Ether (ETH) should be regulated as gambling rather than a financial service, a panel of British lawmakers said in a new report.  The United Kingdom is currently working on a crypto regulatory framework that would mix existing financial asset laws with new crypto-specific rules. However, in a May 17 House of Commons Committee report, the U.K. Treasury Committee “strongly recommended” regulating retail crypto trading and investment activity as gambling, consistent with the principle of “same risk, same regulatory outcome.” Published today We’ve just published our report on cryptoassets, setting out our recommendations for the Government’s approach to regulating this market. Learn more and read the report in full https://t.co/CK7CVH2pQ1 pic.twitter.com/GvDQfiGhPU — ...

Discover the fundamentals of blockchain technology, its use cases and its impact on various businesses through the top five books about blockchain. Reading blockchain books can be an effective way to understand blockchain technology comprehensively. These books can provide insights into the history and principles of blockchain, and how it works in practice. By reading these books, you can gain a deeper appreciation of the potential of blockchain technology and its various use cases across different industries. Furthermore, these books can help you understand how blockchain can be used to solve real-world problems and transform existing business models. By staying up-to-date with the latest blockchain developments, you can position yourself for success in this emerging field. Here are five books to learn about blockchain: “Mastering Blockchain: Distributed Ledger Technology, Decentralization, and Smart Contracts Explained” by Imran Bashir This book provides an in-depth overview of b...

Professionals working in the Web3 space shared various ways and tools that can help users prevent NFT theft. In this week’s newsletter, read about how Moonbirds founder Kevin Rose lost nonfungible tokens (NFTs) worth more than $1.1 million. Find out why an NFT collector is suing NFT marketplace OpenSea over locking his account for three months and how the Porsche NFT collection gained almost $5 million in sales volume , despite a failed launch. In other news, find out how NFT trademarks could potentially be a reliable signal for NFT traders. Lastly, professionals within the Web3 space shared various ways to combat NFT theft.  Moonbirds creator Kevin Rose loses $1.1M+ in NFTs after one wrong move Moonbirds co-founder Kevin Rose lost over $1.1 million in NFTs after falling victim to a phishing scam. According to various analysts, Rose approved a malicious signature that let the attacker transfer tokens from his wallet. An on-chain analyst named “Quit” on Twitter said that the malicious...

It is understood the crypto software company will enable crypto traders to create algorithmic-based strategies to access different markets. SkyBridge Capital founder Anthony Scaramucci is investing in a crypto company founded by the former president of FTX US. According to an email to Bloomberg, Scaramucci said he would be investing his own personal funds to support ex-FTX US president Brett Harrison’s new venture, which became known just three weeks after the collapse of crypto exchange FTX. It is understood that the crypto Software company — which doesn’t yet have a name — will enable crypto traders to create algorithmic-based strategies to access different markets — both centralized and decentralized. It is also understood that Harrison has been seeking a fundraising target as high as $10 million for a $100 million valuation. In a Jan. 14 tweet responding to Harrison's lengthy thread on Sam Bankman-Fried and his time at FTX U, Scaramucci said he was “proud” to be an investor ...