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Crypto analytics platform Arkham Intelligence has revealed financial services company and crypto trading platform Robinh...
19/09/2023

Crypto analytics platform Arkham Intelligence has revealed financial services company and crypto trading platform Robinhood (NASDAQ:HOOD) as a leading holder of Ether (ETH) and the owner of the fifth-largest ETH wallet, which contains about $2.54 billion of the cryptocurrency.

Arkham stated on X (formerly Twitter) that its recognition of Robinhood possessing the third-largest Bitcoin wallet garnered significant attention. However, it said less attention has been paid to its identification of Robinhood as the holder of the fifth-largest ETH wallet. In a separate update, Arkham emphasized that these funds are user balances under custody.

Crypto.news - Non-fungible token (NFT) sales have witnessed a significant surge after taking a downward curve between Au...
19/09/2023

Crypto.news - Non-fungible token (NFT) sales have witnessed a significant surge after taking a downward curve between Aug. 25 and 29.

According to CryptoSlam, NFT sales grew by 36.5% in the past 24 hours, reaching roughly $14.25 million. Per the data aggregator, the total trades are still down by 19% from its local top of $17.61 million on Aug. 17.

Moreover, the total number of transactions and the average sale have also registered 9.05% and 32.33% hikes. Per CryptoSlam, the number of transactions has reached 277,997 while the average value of a sale grew to $51.

On the other hand, the total amount of wash trades has also risen with the NFT uptrend. According to the data provider, the NFT wash volume has risen by 4.45%, reaching $4.51 million in 28,207 wash transactions.

Per CryptoSlam, Ethereum (ETH) remains the preferred blockchain for NFT trades, with a total sales volume of $8.4 million. Polygon (MATIC) comes second with a notable share of $1.2 million.

Crypto exchange Binance has encouraged users to start converting their Binance USD (BUSD) stablecoin holdings into other...
18/09/2023

Crypto exchange Binance has encouraged users to start converting their Binance USD (BUSD) stablecoin holdings into other available assets, including a newly listed stablecoin, amid plans to wind down support for BUSD.

In an Aug. 31 statement from Binance, the crypto exchange confirmed prior speculation that it will gradually stop support for BUSD by February 2024 — a decision in line with Paxos' plans to end BUSD redemption at that time.

Google (NASDAQ:GOOGL) Cloud announced a new partnership with the government of El Salvador on Aug. 29 to establish an of...
18/09/2023

Google (NASDAQ:GOOGL) Cloud announced a new partnership with the government of El Salvador on Aug. 29 to establish an office and provide Google Distributed Cloud (GDC) services in the country.

The partnership aims to digitize the country, update government services and improve the healthcare and education systems. The GDC will also help bring infrastructure closer to where data is generated for El Salvador.

Crypto.news - Iris Energy invests $10 million in 248 Nvidia (NASDAQ:NVDA) H100 GPUs to expand into generative AI alongsi...
17/09/2023

Crypto.news - Iris Energy invests $10 million in 248 Nvidia (NASDAQ:NVDA) H100 GPUs to expand into generative AI alongside its existing focus on Bitcoin (BTC) mining.

The company expects the 248 GPUs to be delivered in the coming months and aims to utilize them in cloud computing opportunities.

Daniel Roberts, co-founder and co-CEO of Iris Energy, stated that the company aims to use its existing data centers to meet the burgeoning demand for generative AI computing.

Grayscale has emerged victorious in a lawsuit against the U.S. Securities and Exchange Commission (SEC) regarding the re...
17/09/2023

Grayscale has emerged victorious in a lawsuit against the U.S. Securities and Exchange Commission (SEC) regarding the review of its Bitcoin ETF.

Bitcoin (BTC) rose 6.2% yesterday to close above the 200-DMA for the first time since January.

South Korea’s parliamentary ethics subcommittee has voted down a motion to expel Kim Nam-kuk, a former member of the mai...
17/09/2023

South Korea’s parliamentary ethics subcommittee has voted down a motion to expel Kim Nam-kuk, a former member of the main opposition Democratic Party.

A parliamentary ethics subcommittee of South Korea has voted down a motion to expel Kim Nam-kuk, a former member of the main opposition Democratic Party (DP), the local news agency Yonhap reported on Aug. 30.

Kim Nam-kuk at a plenary session at the National Assembly in Seoul on Aug. 24, 2023. Source: Yonhap

U.Today - The Foundation just pulled the curtain back on its latest innovation: the , or EELS.EELS has been in the works...
17/09/2023

U.Today - The Foundation just pulled the curtain back on its latest innovation: the , or EELS.

EELS has been in the works for over a year and aims to replace the Yellow (OTC:YELLQ) Paper as the go-to guide for Ethereum's inner workings. But unlike its predecessor, EELS is not stuck in the past. It is fully up-to-date with all the latest forks and offers a user-friendly approach that is geared toward programmers.

What is EELS? It provides a complete snapshot of the protocol at every fork, including the ones still on the drawing board. This is a big deal because, until now, Ethereum Improvement Proposals (EIPs) have only ever suggested changes.

They have not given developers a full picture of how those changes fit into the existing framework. EELS solves this problem by offering a comprehensive, easy-to-follow guide that could become the new gold standard for Core EIPs.

Crypto.news - Horizen, a platform focusing on scalability and interoperability, has partnered with Tatum to ease dapp de...
13/09/2023

Crypto.news - Horizen, a platform focusing on scalability and interoperability, has partnered with Tatum to ease dapp development on EON.

Horizen joins hands with Tatum
Horizen’s partnership with Tatum, a platform that simplifies blockchain development, enhances EON by simplifying application development.

The deal focuses on JavaScript capabilities, RPC (NYSE:RES) nodes, and blockchain data retrieval via API, making it easier for developers to integrate blockchain features into their applications using Tatum’s tools.

The partnership aims to simplify the development of blockchain technology by reducing technical complexities. Tatum’s expertise in streamlining blockchain operations can benefit the EON chain.

Tatum provides developers with various features, including the option to activate its JavaScript SDK. This tool streamlines app development by offering user-friendly tools and frameworks for incorporating blockchain functionality.

Developers can also use Tatum’s cross-chain interaction support, allowing dapps to communicate with other blockchains like Ethereum, BNB Chain, and Polygon. With EON’s introduction to Tatum’s structure, developers can build and launch an RPC Node reliably and cost-effectively.

The Blockchain Data Retrieval through API feature provides developers on EON access to necessary blockchain data such as token balance inquiry, transaction monitoring, and interoperability.

Horizen pursues scalability, inclusion, and interoperability
Rob Viglione, the co-founder of Horizen and CEO of Horizen Labs, said:

“This collaboration with Tatum is a monumental step towards our vision of creating a more inclusive and dynamic blockchain ecosystem. By combining our strengths, we aim to offer developers a seamless experience, reducing the technical time from months to days.”
While Jiri Kobelka, the CEO of Tatum, said:

“Horizen’s EON chain has enormous potential to accelerate building dapps at scale. Our partnership will ensure that developers, irrespective of their blockchain experience, can effortlessly integrate blockchain functionalities, driving the next wave of blockchain innovations.”
EON, Horizen’s EVM-compatible smart contract platform, is a layer-2 solution that leverages Horizen’s Zendoo protocol, which allows the creation of scalable and interoperable blockchains.

The EON Alpha blockchain is now available on its mainnet and public testnet, Gobi. This technology allows developers to create personalized and secure blockchains and applications.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

U.Today - A recent data dump from reveals a puzzling trend: a whopping 640,000 ETH has exited exchanges. This mass exodu...
13/09/2023

U.Today - A recent data dump from reveals a puzzling trend: a whopping 640,000 ETH has exited exchanges. This mass exodus of from trading platforms was not exactly on anyone's bingo card, especially given Ethereum's recent market performance. As of the latest data, Ethereum is priced at approximately $1,598.67. So, what is fueling this unexpected dynamic?

First, accumulation. The outflow could be a bullish sign, indicating that investors are hoarding Ethereum for the long haul. However, it is essential to note that Ethereum's long-term performance has been bearish. This makes the accumulation theory a bit shaky but still plausible. Investors might be seeing this as an opportune moment to stock up on Ethereum at a lower price point.

Source: TradingViewAnother angle to consider is portfolio de-risking. Some whales might be liquidating their holdings — not because they have lost faith in the asset, but perhaps to diversify their portfolios. In a volatile market, putting all your eggs in one basket is rarely a good idea.

The sudden drop in exchange reserves also opens up a conversation about liquidity. Reduced liquidity could lead to increased volatility, which traders should keep an eye on.

While the reasons behind this massive outflow remain speculative, the data do not lie. Ethereum is seeing a significant shift, and whether it is for accumulation or diversification, the impact on the market will be worth monitoring.

Is this the calm before a storm, or is it a storm in itself? Only time will tell. But one thing is certain: the Ethereum landscape is shifting, which might lead to an unexpected surge of volatility.

Global payment giant PayPal (NASDAQ:PYPL) continues expanding its digital asset services, integrating new methods to sel...
12/09/2023

Global payment giant PayPal (NASDAQ:PYPL) continues expanding its digital asset services, integrating new methods to sell cryptocurrencies like Bitcoin (BTC).

On Sept. 11, PayPal introduced new on- and off-ramps for Web3 payments, allowing users in the United States to convert their crypto to U.S. dollars directly from their wallets into their PayPal balance.

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