Crypto News Center

PYUSD market cap rises 150% following Solana launch

PayPal USD (PYUSD) market cap leaped by 150% since its expansion to Solana on May 29, with the stablecoin’s total value now sitting at $684 million, based on DefiLlama data . Notably, the usage of PYUSD is practically evenly distributed between Solana and Ethereum, as both blockchains show 48.32% and 51.68% dominance, respectively.  This significant movement by PYUSD within Solana’s DeFi ecosystem could be tied to the incentives campaign among...

8 Practical Ways to Build Wealth with Cryptocurrency in 2024

You are here: Home / News / 8 Practical Ways to Build Wealth with Cryptocurrency in 2024 Through cryptocurrency, new opportunities to create big money have opened up: from being a beginner or advanced investor to getting rich quickly. In this article, we’ll explore eight popular methods to grow your wealth in the world of cryptocurrency, starting with the most reliable and widely used strategy crypto staking. Crypto Staking Yield...

Ethereum Gas Fees Hit 5-Year Low: The Impact of Sub-1 Gwei Fees on Ethereum’s Ecosystem

TLDR Ethereum’s median gas price has hit a 5-year low, dropping to 1.9 gwei on August 10, with low-priority transactions costing around 1 gwei or lower. The decrease in gas fees is attributed to increased activity on layer-2 networks and the implementation of the Dencun upgrade in March. The low fees have led to concerns about Ethereum’s deflationary narrative, as fewer ETH are being burned while more are being issued....

Global Asset Freeze Targets Fugitive ‘Cryptoqueen’ and Onecoin

A London high court has announced a global asset freeze targeting Onecoin’s co-founder Ruja Ignatova and associates. Over 400 investors sought this legal action after losing millions in the Onecoin cryptocurrency scam. The asset freeze prevents further movement of Ignatova’s wealth, possibly aiding victims’ compensation. Onecoin’s Ruja Ignatova Faces Global Asset Freeze Amid Investor Lawsuit Ruja Ignatova, the Bulgarian mastermind behind the $4.5 billion Onecoin cryptocurrency scam, is now under...

IRS reveals final regulations for crypto broker rules

The Internal Revenue Service did not include decentralized exchanges or self-custodial wallets under its broker reporting requirements. 18376 Total views 14 Total shares Own this piece of crypto history Collect this article as NFT The United States Internal Revenue Service (IRS) revealed its final draft of the new crypto broker reporting requirements on June 28 and clarified the scope of industry participants affected by the new rule changes. According to...

Lazarus Used Fake NFT Game To Drain Wallets

By Philip Maina 1 month agoSun Oct 27 2024 08:54:05 Reading Time: 2 minutes Lazarus Group used a fake NFT game to steal funds from crypto wallets The group promoted the game on several platforms, including LinkedIn Lazarus also exploited a vulnerability in Google Chrome North Korean hacking group Lazarus used a fake NFT game and a vulnerability on the Google Chrome browser to drain crypto wallets. Known as “DeTankZone”...

MLS Launches New NFT Platform, MLS Quest

By Philip Maina 1 month agoTue Oct 29 2024 10:28:42 Reading Time: 2 minutes Major League Soccer (MLS) has launched a new NFT platform known as MLS Quest The platform will allow users to claim digital medallions that will unlock exclusive experiences MLS Quest is powered by the Sui blockchain The Major League Soccer (MLS) has launched a new NFT platform to help the league’s fans collect digital medallions that...

Post US Election, Holding RCOF Over TRON and Chainlink Is the ‘Smart Call’ Says Legendary Trader

You are here: Home / Industry / Post US Election, Holding RCOF Over TRON and Chainlink Is the ‘Smart Call’ Says Legendary Trader The US elections are nearing their end, and historically, many altcoins go on rallies after the election. With that said, a legendary crypto trader has singled out the new SolidProof audited financial platform RCO Finance (RCOF) as the best token to hold after the election, trumping major...

Altcoin Boom on the Horizon? Stellar, Sui, Mantra, and Dogecoin Light Up With Triple-Digit Gains

Based on data as of Nov. 26, the Altcoin Season Index (ASI) hosted on blockchaincenter.net is picking up steam, with standout performances from stellar (XLM), sui token (SUI), and mantra (OM), all posting impressive triple-digit increases. Altcoin Season Teases Investors Two weeks ago, the Altcoin Season Index (ASI) scored a modest 37 out of 100, but as of Nov. 26, it has climbed to 53. While it’s still not officially...

Dogecoin Price Slowdown Before Pump? Charts Mirror 2021 Explosion, But This AI Rival Is Already Surging

As investors in the ever-evolving crypto market look for the next big thing, these coins have emerged as top picks of the season. Dogecoin has caught the attention of investors with its latest yield-earning utility. Meanwhile, already raising over $2.5 million in presale, IntelMarkets is gaining massive momentum for its potential to deliver exponential returns in 2025. DOGE meets BTC: Earn Yields with New Staking Protocol Exciting news for Dogecoin...