Ethereum price shows strength, but a 23% drop in DApps activity raises concern
Declining DApp activity and lackluster demand for the ETH ETFs could limit Ethereum’s recent price rally.
Related Posts
IRS lists 4 crypto crimes among its top cases in 2023
The cases included investigations into the Silk Road marketplace, OneCoin, Oyster Protocol founder “Bruno Block,” and a money laundering scheme using Bitcoin kiosks. 467 Total views 17 Total shares The criminal investigation unit of the United States Internal Revenue Service (IRS) has listed four crypto-related cases among the top ten of its “most prominent and
Bitcoin Price Drops by $700 in Minutes After Failing to Crack $11K
Bitcoin (BTC) price faced fresh bearish sentiment Aug. 21 after a rejection of $11,000 sent markets tumbling hundreds of dollars in minutes.Market visualization. Source: Coin360$9K Levels on horizon for Bitcoin priceData from Coin360 shows BTC/USD topping out at just under $10,900 before reversing. Hours later, a sudden loss of support saw the pair dip to…
Blue Chip and Metaverse NFTs propel growth of NFT Market, says Nansen report
On Tuesday, blockchain data analytics platform Nansen released its quarterly report on the state of nonfungible tokens, or NFTs. The report highlighted the rapid growth of the NFT market over that of the cryptocurrency market year-to-date, and it predicts of an $80 million market cap by 2025. As Cointelegraph previously reported, Nansen recently released six NFT indexes…
Facebook whistleblower warns Metaverse will repeat ‘all the harms’
Facebook whistleblower Frances Haugen has taken aim at Meta in a new interview, suggesting that its version of the Metaverse will simply repeat all of its past mistakes.In an interview with Politico, Haugen said:"They've made very grandiose promises about how there's safety-by-design in the Metaverse. But if they don't commit to transparency and access and…
Ethereum Foundation Announces $5 Million Grant to Parity Technologies
The Ethereum Foundation has announced a $5 million grant to United Kingdom-based company Parity Technologies, according to a post on the official Ethereum (ETH) blog published Jan. 7.According to the post, the grant is for scalability, usability and security work. Namely, this money “will fund Parity’s work on Casper, sharding, light clients, developer tools, QA,…
Facebook’s centralized metaverse a threat to the decentralized ecosystem?
Facebook has been planning its foray into the metaverse for some time now — possibly even several years. But it’s only recently that its ambitious expansion plans have catapulted the concept into mainstream headlines across the globe. Renaming the parent company to Meta was perhaps the biggest, boldest statement of intent the firm could make.…
Bitcoin Mining Hardware Maker Reports $148M Net Loss in 2019
Nasdaq-listed Bitcoin mining equipment manufacturer, Canaan, reported a net loss of $148 million for 2019, according to the latest financial results filed with the Securities and Exchange Commission (SEC).The latest unaudited Q4 and 2019 financial results from the China-based company said that its total 2019 net revenue was $204.3 million. This represents approximately half of…
Zuckerberg’s $100B metaverse gamble is ‘super-sized and terrifying,’ shareholder says
In an open letter, Altimeter Capital's CEO and founder recommended the tech giant cut its Metaverse investments from $10-15 billion a year to $5 billion. 51 Total views 1 Total shares A shareholder’s open letter to Meta CEO Mark Zuckerberg has labeled the tech giant's investment into the Metaverse as “super-sized and terrifying.”The shareholder has…