Cryptocurrency

Uniswap Launches Unichain: Enhanced Layer-2 Blockchain for Rapid DeFi Trading

Uniswap Labs revealed on October 10th that Uniswap, the prominent decentralized exchange (DEX), has unveiled its own application-specific layer-2 blockchain network named Unichain. This innovative network, currently in the testing phase, is designed to offer accelerated and cost-effective transaction processing, along with advanced interoperability capabilities across various blockchain networks, as stated by Uniswap. As of…

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Coins, wallets & tokens

US Supreme Court Declines Review of $4.38 Billion Bitcoin Case from Silk Road Seizure

The United States Supreme Court has declined to review a case concerning the ownership of 69,370 Bitcoins, worth approximately $4.38 billion at current market value. These Bitcoins were seized by the US government from the illicit online marketplace Silk Road, which operated on the dark web. Battle Born Investments, a company claiming to have obtained…

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Cryptocurrency

Ethereum’s Inflation Rate Rises to 0.74%: Impact of Layer-2 Solutions and EIP 1559

Ethereum’s inflation rate has experienced a notable increase, reaching 0.74%. This has prompted concerns about its traditional status as “ultrasound money,” as highlighted in Binance’s October 2024 Monthly Market Insights report. The report delves into the fact that the issuance rate of Ether has reached its peak in a span of two years. This trend…

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India crypto exchanges

WazirX Claims Third-Party Interference in Restructuring Efforts

WazirX, the Indian cryptocurrency exchange, remarked that external parties that are not involved in the platform may try to delay the restructuring process of the crypto exchange for their own personal benefits. WazirX announced in a post on X, that these non-related parties will try and create more uncertainty for the cryptocurrency exchange’s future rather…

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Coins, wallets & tokens

ETHE ETF Sees $31M Outflow After Brief Stability; Ether ETF Market Rebounds

The Grayscale Ethereum Trust (ETHE) ETF has recently encountered a significant setback, reporting a notable single-day net outflow of $31 million. This substantial outflow represents a return to a negative flow scenario after a short-lived period of stability. The $31 million withdrawal marks a sharp reversal from the previous trend, highlighting a renewed period of…

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India crypto exchanges

Responding to WazirX Compromise, CoinDCX Rolls Out Protection Fund

CoinDCX, one of the country’s biggest cryptocurrency exchanges, has recently announced that the firm has allocated Rs 50 crores as a part of its Crypto Investors Protection Fund (CIPF) which will compensate users for the funds lost in security breaches. This announcement came in just days after WazirX, another of the country’s biggest cryptocurrency exchanges,…

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Coins, wallets & tokens

Bitcoin Faces Key Resistance at $68K Amid $1B Short Liquidation Potential

Around 75% of short-term Bitcoin investors are currently experiencing a profit, a situation that could potentially drive Bitcoin’s price even higher. The recent dramatic increase in the value of Bitcoin has been a source of great relief for short-term holders. This group had experienced a substantial decline in the value of their holdings, with over…

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