After garnering the required votes, a major proposal has just passed in the KuCoin network. The proposal aimed at raising Terra Classic LUNC burns tax to 0.5%. Following the positive results, KuCoin declared increasing the LUNC network burn rate from 0.2% to the proposed 0.5%. LUNC Network Burn Tax Spikes On KuCoin KuCoin took to…
Amid the prevailing bearish trend in the crypto market, XRP has stayed afloat above other assets with impressive gains. A report from a leading crypto market intelligence product provider, Messari, revealed the Ripple native currency XRP took the lead in the overall crypto market in Q1. XRP Takes The Lead In Overall Crypto Market According…
Chainlink has dropped slightly in the market today as bears seized control of its price. LINK’s current price depicts a loss of 87.7% from its all-time high of $52.88 on May 10, 2021. The asset has been fluctuating between the $6 and $7 price levels since the beginning of May and is currently at the…
Ethereum gas consumption landscape is transforming significantly as Non-Fungible Token (NFT) marketplaces no longer dominate the network’s gas usage. According to a report by Nansen, a crypto analytics platform, NFTs have fallen behind in doing the most in Ethereum gas fees. Notably, while Ethereum’s transition to proof-of-stake, in an event known as “The Merge,” is anticipated…
The Non-Fungible Tokens (NFT) industry has been a hub of innovation and growth over the past year, but as it approaches the midway point of 2023, the market is showing signs of maturation and change. According to a recent report by DappRadar, NFT sales could fall below $1 billion for the first time this year.…
According to the latest report by the research firm, Messari, the XRP Ledger (XRPL) saw a significant surge in activity during the first quarter of 2023. The daily active addresses and daily transactions increased by 13.9% and 10.7% QoQ, respectively. XRP’s price also showed an impressive increase of 56% quarter-over-quarter (QoQ), from $0.35 to $0.54.…
Bitcoin (BTC) shrimp investors, affectionately dubbed the “underdogs” of the cryptocurrency world, are making waves in the market as they steadily accumulate the digital asset at an unprecedented rate. These smaller investors, often overlooked in favor of institutional giants, have recently reached a significant milestone, with the total supply of Bitcoin held by them surging…
An intriguing development has caught the crypto community’s attention as a Bitcoin whale deposited a substantial amount of BTC on the world’s largest crypto exchange, Binance. This significant move has sparked speculation about potential selling pressure and the subsequent impact on Bitcoin’s price. Notably, the massive deposit was recorded when Bitcoin showed signs of a rebound following…
Uniswap Labs, a leading decentralized finance (DeFi) platform, has recently conducted a survey to understand the motivations and barriers of US-based retail users towards DeFi. The survey received 1,860 responses, including non-crypto, centralized finance (CeFi), and DeFi users. The survey revealed that despite the bear market backdrop, nearly half of CeFi users expressed an interest…
The price of Internet Computer (ICP) experienced a downward movement dropping by 41.98% to a low of $5.05 on April 26, 2023. This was after a significant surge from April 10 to April 19, when it started the downtrend. This price decline affected the market sentiment of Investors and traders. Since the beginning of this…