Bitcoin proponent Fred Krueger recently expressed concerns about the underlying trends of Ethereum (ETH) and potential regulatory hurdles. Krueger’s remarks, shared in X’s post, highlighted notable statistics regarding Ethereum’s network activity and transaction utility. Ethereum’s Declining Utility Causes Alarm Alarm Krueger’s criticism highlighted Ethereum’s soaring price, particularly the two-year high it recently achieved, and the decline in network usage. Despite ETH reaching $3,000, Krueger noted a significant decline in daily active users (DAU), from 120,000 in 2021 to 66,000 last year. Bitcoin Maxi also highlighted the decline in user activity on Uniswap V3, the blockchain’s ‘best app’, Ethereum’s flagship decentralized…
Author: Crypto Flexs
Read More
Japanese gaming blockchain Oasys has partnered with Metabora SG, the Web3 gaming division of South Korean internet giant Kakao, to help game publishers enter the Japanese market.Oasys said, “Metabora SG brings expertise in creating immersive gaming experiences and, combined with Oasys’ eco-friendly technology, will attract Japanese players.” name On Thursday.This partnership was made as part of Oasis’ 2024 core strategy, Dragon Update. The company said it aims to focus on expanding the gaming blockchain by strengthening interoperability and connectivity with content manufacturers.oasis last week announced a partnership We are planning to load our games on the Oasys blockchain with Com2uS,…
The Montenegrin government has rejected South Korea’s request to extradite the Terraform Labs founder to his home country, and it appears he is headed to the United States! Montenegro’s Supreme Court in Podgorica today approved the extradition of Terra founder Kwon Do-do to the United States, as reported by local publication Pobjeda. With this ruling, the legal pursuit surrounding Mr. Kwon’s extradition to Korea and the United States has also ended. The Wall Street Journal (WSJ) reported in December last year that Montenegro’s highest judicial officer planned to extradite Do Kwon to the United States instead of Korea. However, the…
Circle, an American financial technology company, announced on February 21 that it would discontinue support for USDC on the Tron blockchain. The move comes just months after Circle refuted claims that it was the bank of Tron blockchain founder Justin Sun. Despite dropping support for USDC on Tron, Circle said it remains committed to growth. (…) Source: Bitcoin.com Cryptocurrency Investment Risk Warning Cryptocurrency assets are highly volatile. Your capital is at risk.Do not invest unless you are prepared to lose all your money.This is a high-risk investment and you should not expect to be protected if something goes wrong.advertising Read…
reporter Posted on: February 22, 2024 Garlinghouse said the ETF would be a good fit for the XRP community. XRP whale holdings have declined sharply over the past month. These days, the cryptocurrency market has been buzzing with all kinds of ‘ETFs’. As spot Bitcoin (BTC) ETFs surge in popularity, the prospect of investing funds linked to other major tokens is gaining attention. Is an XRP ETF possible? As this story unfolds, Ripple (XRP) CEO Brad Garlinghouse welcomes the possibility of an XRP ETF. “We think this has implications for the entire XRP community,” the CEO said. Bloomberg TV. Asked…
XRP price began a downward correction at the $0.580 resistance. Unless the price closes below the $0.535 support line, the price could begin a new rally. XRP is struggling to clear the $0.5650 and $0.580 resistance levels. The price is currently trading above $0.535 and the 100 simple moving average (4-hours). There is a major bullish trendline with support at $0.5350 on the 4-hours chart of the XRP/USD pair (data source from Kraken). As long as the pair fails to close below the $0.535 support line, the pair could start a new rally. XRP price falls to key support Over…
Anarchists Prime are a mysterious group that has been operating in the shadows for many years. Their motives and methods are shrouded in secrecy, but recent events have brought them into the spotlight. In this article we will explore the world of Anarchists Prime and uncover the secrets they have been hiding. Origins of Anarchist Prime Anarchists Prime’s roots date back to the early 20th century, when a group of radical thinkers and activists challenged existing power structures and sought to create a more equitable society. Over the years, the group has expanded and developed its scope, attracting members from…
Greg Solano, co-founder of Yuga Labs, will succeed Daniel Alegre as CEO of the company. Alegre, the former COO of Activision Blizzard, has been in the role for about 10 months. Yuga Labs, creator of the popular Bored Ape Yacht Club Non-Fungible Token (NFT) collection and ApeCoin (APE), has acquired notable NFT projects including CryptoPunks, 10KTF, Meebits, and most recently the PROOF collective’s Moonbirds NFT project. News to share:I am stepping down as CEO of Yuga Labs. Wylie and I appreciate all the contributions and operational rigor Daniel has brought to the company, and we appreciate his thoughtfulness and mentorship…
In recent on-chain data from Spot On Chain, the Ethereum whale is appears It has engaged in significant accumulation activity, generating interest and speculation within the ETH community. According to the platform, the whale address in question has purchased a total of 64,501 ETH over the past three days, which is worth about $187 million at current market prices. Ethereum Whale Accumulation Spot On Chain reported earlier today that whales acquired approximately 13,526 ETH at an average price of $2,947 per ETH. Valued at over $39 million, this accumulation adds to the whale’s already significant holdings, suggesting optimism about Ethereum’s…
Blockchain information provider Crystal has appointed former Ripple executive Navin Gupta as its new CEO. Gupta plans to expand Crystal’s compliance and monitoring tools for cryptocurrency assets as adoption grows. Blockchain intelligence company Crystal has appointed Navin Gupta, formerly of Ripple (XRP), as its new CEO. Gupta succeeds Marina Khaustova, who assumes the role of Chief Operating Officer of Crystal. Gupta joined Ripple to lead the blockchain company’s growth initiatives in the Middle East, Africa, and South Asia markets. With his experience at banking giants HSBC and Citibank and co-founding a commercial transportation technology startup, he is well placed to…