Author: Atis. Sh

Binance is planning to launch a new exchange in Indonesia soon. The world’s biggest cryptocurrency exchange aims that this decision will help them expand their ecosystem.  Recently, Binance revealed plans to launch an exchange in Indonesia – one of the biggest countries regarding population. They are doing this by teaming up with one of the largest investment units of telecom companies – Telkom Indonesia. Furthermore, MDI Ventures is making this possible. MDI Ventures, the leader of the consortium for the launch of the exchange, is the biggest technology investment firm in Indonesia. Moreover, it reportedly manages at least $830 million…

The richest person in the world, Elon Musk, has recently done a comparison between Dogecoin and Bitcoin. According to him, Dogecoin provides a better medium for payments than Bitcoin. This is because of Dogecoin’s price, transaction volume, and transaction cost.  Nevertheless, he did not leave Bitcoin out of this. After claiming that Dogecoin is a better-suited medium of exchange, he went on to add that Bitcoin is appropriate for a store of value. So, Elon Musk fundamentally thinks that Bitcoin should not try to substitute fiat currencies. Elon Musk took the opportunity to talk about some details regarding Dogecoin’s tokenomics.…

Today, on the 14th of December, CoinMarketCap experienced a huge “error”. This has happened several times during the year, however, this time was something different. Every cryptocurrency and token in the market apparently skyrocketed. According to CoinMarketCap charts, the cryptocurrency market just hit a capitalization of $692.7 Quintillion. To give you a better idea of how big that number is, the cryptocurrency market capitalization looks something like this $692,711,724,000,000,000,000.  If this were to be true, Bitcoin would be trading at $889 billion per coin; Ethereum would be trading at $525 billion per coin; USD Tether would not be $1 anymore.…

The Non-Fungible Token (NFT) space is dominated by two collections: CryptoPunks and Bored Ape Yacht Club. Both of these collections have NFTs that sell for millions and it is impossible to find a cheap price to buy any of them. Despite this fact, one of the Bored Apes was accidentally sold for $3,015. Regardless of being valued at more than $300,000, somebody sold their Bored Ape NFT for only 0.75Ξ (Ξ stands for ETH). At the time of the sale, that amount of Ξ was worth around $3,015. The owner of this Bored Ape bought it for 1Ξ back in…

Binance, the biggest cryptocurrency in the world, is planning to shut down its operations in Singapore. This news came after its Singaporean team withdrew its application permit to offer crypto services in Singapore. Recently, Binance announced that they will be terminating their services in Singapore on the 13th of February, 2022. Furthermore, they stated that they are doing this for the sake of their users although the backlash they are facing. Following the announcement, they are making a plan on how to help their users transition their cryptocurrency to other wallets. According to an email sent by the CEO of…

On the 11th of December, there were growing concerns that AscendEX was a victim of a cyberattack. The following day, AscendEX confirmed that some suspicious activity has been going on on their hot wallet.  Today, a tweet by AscendEX confirms that some hackers stole more than $77.7 million worth of cryptocurrencies. This compromise made it possible for hackers to access and move several tokens from the Binance Smart Chain (BSC), Polygon (POLY), and Ethereum (ETH) networks. Although it took some time for them to realize the size of the issue, AscendEX went on to tweet that only their hot wallet…

Every day, governments and corporations are getting more familiar with blockchain technology and cryptocurrencies. Back in the day, they continuously called the latter a fraud and a hoax. Today, however, after researching them for years, they are trying to find ways to benefit from them. On the 8th of December, the Brazilian Chamber of Deputies moved forward a law to regulate Bitcoin. This new law is called Projeto de Lei 2303/15. Furthermore, the main goal of this law is to regulate the cryptocurrency market and digital assets as a whole. According to Projeto de Lei 2303/15, the Brazilian Central Bank…

Despite the environmental concerns regarding the Proof-of-Work (PoW) mechanisms, mining profit is increasing and has been breaking records recently. On the 13th of November 2021, the Dogecoin cryptocurrency miners surpassed $1 billion in total mined income. According to CoinMetrics, a data analytics website, more than $1 billion worth of Dogecoin has been mined until today. This translates to remarkable growth in mined income during 2021 when compared to 2020. Back in May 2021, only about $150 million worth of Dogecoin had been mined. While on the 1st of January this year, the all-time miner revenue was $108 million. Many people…

In a recent interview, Keanu Reeves admitted to being a HODLer of some cryptocurrencies. Although this interview was about The Matrix Resurrections movie, Keanu Reeves also discussed the cryptocurrency space, including NFTs and the metaverse. As the interview progresses, the interviewer asks Keanu Reeves about his opinion on cryptocurrencies and his crypto portfolio. He answers by claiming that one of his friends bought some crypto for him some time ago. Moreover, he goes on to say that he never touched his holdings because there was no need to. The interviewer then explains to Keanu Reeves that not touching your crypto means…

Earlier this year, the Ethereum network underwent an upgrade known as the London upgrade of the London hard fork upgrade. The main ingredient of this upgrade is Ethereum Improvement Proposal (EIP) 1559, a proposal regarding the adjustment of transaction fees (also known as gas fees). This upgrade also includes a burning mechanism for this coin. This hard fork upgrade went live on the 5th of August 2021. Most are considering this upgrade very successful although Ethereum’s gas fees are still extremely high from time to time. Since this upgrade went live, more than 1.15 million Ethereum have been burned. With…