Author: bitcrypto.io

XRP has been at the end of significant price movements over the last few days, hitting one of its highest levels in months. This uptrend positively influenced network activity, with the same reflecting in an increase in both daily new addresses and active addresses. New addresses see the day A recent analysis of Ripple’s network growth from Santiment revealed a significant hike in network engagement. Typically, the average number of new XRP addresses created daily ranges between 800 and 1,000. However, a noticeable uptick began around 14 July. In fact, by 17 July, the number of new addresses had surged…

AI and blockchain might appear to be polar opposites. Blockchain technology is deterministic, transparent, and open to everyone, with every transaction recorded immutably on a public ledger. It also has a steep learning curve, requiring users to understand complex protocols. On the other hand, AI often functions as a “black box,” making decisions based on model parameters and learning data sets, providing probabilistic rather than strictly predictable answers. What unites them, however, is that both technologies have become buzzwords in recent years – venture capital funds are running after them, and companies are working hard at implementing them. While there…

The exchange remains focused on addressing the impact on customer funds and ensuring the security and integrity of their platform. WazirX launches bounty program to recover stolen assets In response to a significant cyberattack, WazirX, one of India’s leading cryptocurrency exchanges, has announced the launch of a bounty program to freeze and recover stolen assets. In a post on X , WazirX outlined several immediate actions the exchange has taken in response to the cyberattack. The exchange has filed a police complaint and reported the incident to the Financial Intelligence Unit (FIU) and CERT-In. Furthermore, WazirX’s co-founder Nischal Shetty made…

Hamster Kombat Players Face New Scams Amid Game’s Popularity. Fake Airdrops Target Hamster Kombat Players – Hamster Kombat Airdrop Scammers are now trying to trick Hamster Kombat players with fake cryptocurrency giveaways, called “airdrops.” These bad guys are telling players they can get free Hamster Kombat cryptocurrency, but it’s all a lie. The real goal is to steal information about players’ crypto wallets, which could let the scammers steal real money later. These fake airdrops are becoming a big problem because Hamster Kombat is so popular right now. The game even has its own real cryptocurrency, called HMSTR, which started…

Ctrl, the new identity of XDEFI, aims to simplify Web3 onboarding and enhance the user experience for millions. Learn more about this next-generation non-custodial wallet. Web3 wallet XDEFI has rebranded to Ctrl, a new non-custodial wallet designed to streamline onboarding and improve user experience. Ctrl aims to facilitate millions of users in accessing web3 and starting their on-chain journey effortlessly. XDEFI is now Ctrl (pronounced Control), introducing the next-generation Ctrl wallet. Currently, over 90% of crypto users are not on-chain. Ctrl aims to change this by enhancing the non-custodial wallet experience, enabling crypto enthusiasts to explore DeFi and web3 opportunities…

Telegram is launching a Web3-enabled mini app store and in-app browser later this month, highlighting 2024 as a pivotal year for blockchain adoption. Telegram Mini App Launch & Web3 Integration Impact Telegram, the widely used messaging application boasting around 900 million users globally, is poised to make a substantial foray into the Web3 realm. Pavel Durov, the CEO, has declared intentions to introduce a tiny app store with Web3 capabilities and an in-app browser that will support Web3 pages before the end of this month. This move comes as they continue to strengthen its position in the cryptocurrency ecosystem. The…

Poodlana has raised over $1M in less than 24 hours of its 30-day presale debut as it pioneers the new trend for meme coins: FashionFi, Asian markets send Poodlana viral Following hot on the heels of the world’s biggest market cap meme coins that originated in Asia, Poodlana has kicked off with huge Asian backing. This was predicted in early analysis, and is being driven by Asian countries’ love of high-end fashion, as well as poodles. The potential return offered by the presale, currently priced at $0.02, is another key driver of adoption: the final price will be $0.054, offering 170%…

XRP accounted for almost 40% of all trading activity on top Korean exchanges from Tuesday to Thursday and prices surged. Trading volume in XRP flipped that of bitcoin (BTC) on South Korean crypto exchanges this week, one symptom of the frenzy that may have helped fuel the token’s 20% rise over the period. Data tracked by CoinGecko shows XRP accounted for as much as 40% of trading volumes on UpBit, the country’s biggest exchange, and over 35% on Bithumb and Korbit earlier this week. That is, unusually, higher than usual leaders bitcoin and Tether’s USDT, indicating a short-term demand for…

Investors’ excitement over airdrops and other incentives fueled TON Network’s TVL, but how sustainable is this strategy? Toncoin (TON) is the native coin of The Open Network, a layer-1 blockchain initially developed by the Telegram messaging app. The TON ecosystem is largely driven by Telegram’s 900 million active users. Despite being relatively new to the decentralized applications (DApps) ecosystem, the TON Network has surpassed Optimism to become the tenth largest blockchain in terms of total value locked (TVL). Upcoming plans include Bitcoin bridge and EVM compatibility On June 26, Bitget crypto exchange and Singapore-based investment firm Foresight Ventures announced a…

Having wrapped up the triumphant 13th edition of the flagship Global Blockchain Congress event in Dubai, UAE, Agora Group is now setting its sights on Singapore for the 2nd Southeast Asia Edition on September 12 & 13, 2024. The main topics of the 2nd SEA edition: The Global Blockchain Congress plays a pivotal role in accelerating blockchain innovation worldwide. It provides a unique platform connecting the technology’s most influential leaders and decision-makers. By convening this powerful network under one roof, the Congress significantly contributes to driving blockchain advancement and mainstream adoption. The Global Blockchain Congress series has hosted 1,500+ investors…