Coinbase reported $1.2 billion net revenue in Q3 2021, a 39% decrease compared to the previous three-month period. Due to lower market volatility in Q3, the leading US crypto exchange saw a decrease in both retail and institutional trading volumes, despite accelerated listings. Key metrics In Q3, Bitcoin (BTC) and Ethereum (ETH) comprised 41% of…
Instant messaging platform Discord, initially incubated as a gamer chat haven, is considering allowing its 150 million monthly active users to connect to Ethereum (ETH). Discord CEO and founder Jason Citron revealed the platform’s Web 3.0 strategy on Twitter, by posting a pre-release app screenshot, featuring support for MetaMask and WalletConnect integrations. The platform’s Web…
In a bid to onboard its 500 million monthly active users into Web 3.0, the American social media platform Reddit is working on converting users’ karma points into Ethereum-based (ERC-20) tokens. The so-called Web 3.0 applications, also referred to as ‘dapps,’ typically run on blockchains, or decentralized networks, where participants get incentivized for their participation. …
If everything goes as planned, we can expect to see Wrapped XRP (wXRP) on Ethereum blockchain before the end of the year, according to an announcement made by Wrapped.com, a cross-chain wrapped assets service provider. XRP to be on Ethereum blockchain by December The announcement revealed that the Wrapped XRP (wXRP) would be backed 1:1…
Launched last week, in the midst of the “dog-coin” surge, AnubisDAO lost control of the project’s liquidity pool, as $60 million of investors’ funds got drained in what appears to be another rug pull incident. Following the accusations, both Hong Kong and US law enforcement got involved, while the suspect developer claimed to have fallen…
In signs of the continued growth of the crypto industry, Ethereum, the second-largest crypto asset by market cap settled over $500 billion worth of transactions in the third quarter of this year, representing a 389% increase from the same quarter last year. Ethereum stats rises this year According to the report released by Bankless Dao,…
As the number of Shiba Inu (SHIB) retail investors continues to grow, based on its impressive daily trading volume, the “Dogecoin Killer” is currently snuggled up in the second place, between the world’s two largest cryptocurrencies. SHIB’s $43,082,944,240 pumped 24-hour volume puts the meme-based crypto just one step behind Ethereum (ETH), with $123,800,913,800, and one…
A report by Moonstream has revealed that 17 percent of addresses control over 80% of all Ethereum-based NFTs. 17% Eth addresses own 80% of NFTs The research analyzed over 7 million NFTs transactions on the second-largest blockchain, spanning between April 1 and September 25, 2021, and discovered that only a handful of these addresses, 17%…
Finder recently published a survey that dived into current market trends across 22 countries, uncovering which cryptocurrencies, besides Bitcoin (BTC), are driving the adoption across the globe. While publishing a definitive ranking of the most popular cryptos per country, the independent comparison platform also addressed the investor demographics, revealing that only in Mexico is crypto…
The Graph goes live on Moonriver (MOVR), as the powerful indexing protocol further expands into the Polkadot (DOT) and Kusama (KSM) ecosystems. The Graph (GRT) is a decentralized, open-source infrastructure protocol designed to collect, process, and store blockchain data, initially launched on the Ethereum (ETH) blockchain. The protocol enables storing of the collected and analyzed…