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Cryptocurrency Projects and ICOs

Name: Cryptocurrency Projects and ICOs
Address: 1 Wilkinson Pines East Petebury, Edinburgh, GL12SZ, GB
Telephone: +17542182061

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17/09/2023

The biggest new memecoin of 2023, Pepe (PEPE), suffered one of the worst possible fates that can befall a new crypto asset — a partial rug pull after its anonymous developers abruptly sold nearly $16 million worth of the token on Aug. 24.

The official Pepe X (formerly known as Twitter) account explained the drop was due to “three ex-team members” going behind their back and selling the tokens without their knowledge — a move that saw the price of Pepe plummet as much as 26% in the days following, without much respite.

Pepe liquidity held strong despite the sudden plunge. Source: Kaiko

17/09/2023

There are hopes that the United States could see a new crypto resurgence after several rulings this year have seen court judges “rein in the SEC,” according to a digital asset lawyer from K&L Gates.

On Aug. 31, Jeremy McLaughlin, a partner at the global law firm, noted that multiple U.S. court cases have stomped on arguments from Securities and Exchange Commission Chair Gary Gensler, who has said that almost all digital assets are securities.

Dimitropoulos (center-left), McLaughlin (center-right) and Leung (right) speaking on a panel regarding crypto regulation. Source: Tom Mitchelhill/Cointelegraph

16/09/2023

Researchers behind the well-known Cambridge Bitcoin Electricity Consumption Index (CBECI) have officially revised its methodology to enhance the accuracy and reliability of the Index’s estimates for the first time since its inception in 2019.

The CBECI was launched in July 2019 in an effort to provide reliable data-driven insights to questions about Bitcoin mining’s energy-intensive nature and associated environmental impact.

CBECI looked at U.S. import records on Bitcoin mining equipment (left) and estimated computing power derived from import data (right). Researchers used the hash rate (in TH/s) and gross weight stated by the manufacturer and applied an equally weighted mix of the following models from Canaan’s Avalon A1246, Avalon A1266, Avalon A1346 and Avalon A1366

16/09/2023

Crypto.news - The Ethereum (ETH) price saw a notable surge on Aug. 29 after consolidating around the $1,650 mark for ten days.

However, Santiment data suggests there are still more daily transactions in loss. According to the market intelligence platform, the ratio of daily profit and loss transactions dropped to 0.62.

ETH price, ratio of daily transactions in profit to loss and whale activity – Aug. 30 | Santiment

Per Santiment, the ratio hit a three-week high of 1.37 on Aug. 29, when ETH was trading at around $1,740.

15/09/2023

U.Today - Stories about savvy whales and investors making have become a usual part of the cryptocurrency industry, but what about those who do not have the Midas touch but still manage fairly large sums of ?

One such Ethereum investor has been grabbing attention for all the wrong reasons. This individual seems to have a knack for making poor choices when it comes to perpetual contracts, and their recent moves have left many in the crypto world utterly baffled.

15/09/2023

Crypto exchange Binance has encouraged users to start converting their Binance USD (BUSD) stablecoin holdings into other available assets, including a newly listed stablecoin, amid plans to wind down support for BUSD.

In an Aug. 31 statement from Binance, the crypto exchange confirmed prior speculation that it will gradually stop support for BUSD by February 2024 — a decision in line with Paxos' plans to end BUSD redemption at that time.

13/09/2023

On Sept. 12, crypto exchange CoinEx experienced abnormally large outflows to an address with no prior history, leading security experts to suspect the exchange was hacked. Blockchain security platform Cyvers Alerts has estimated the losses to be approximately $27 million.

At approximately 1:21 p.m. UTC on Sept. 12, a known CoinEx hot wallet transferred around 4,947 Ether (ETH), worth $7.9 million at the time, to Ethereum account 0x8bf8cd7F001D0584F98F53a3d82eD0bA498cC3dE. The receiving account had no prior history before this transaction.

13/09/2023

Solana wallet provider Solflare has integrated MetaMask Snaps to let MetaMask users manage their Solana portfolio directly from the popular crypto wallet.

According to an announcement sent to Cointelegraph, the Solana (SOL) wallet provider is “easing the barrier of entry and usage” to the Solana blockchain with the new integration. Using an extension called MetaMask Snaps, Solflare will allow MetaMask users to interact with various decentralized applications (DApps) within the Solana ecosystem.

12/09/2023

The hackers behind cryptocurrency casino Stake’s $41 million hack have shifted another $328,000 million worth of Polygon (MATIC) and BNB (BNB) tokens — their latest moves following the Sept. 4 exploit, according to blockchain security firm CertiK.

The most recent transfer involved 300 BNB tokens worth about $61,500 to an externally owned address “0x695…” which were then bridged to the Avalanche blockchain on Sept. 11 at 4:09 pm UTC.

Estimated funds lost from hacks, scams passes $1 billion

12/09/2023

Arbitrum has emerged as a leading contender within the Ethereum network’s layer-2 scalability solutions, boasting a significant total value locked (TVL) and notable activity. However, between Sept. 9 and Sept. 11, the price of Arbitrum (ARB) tokens experienced a sharp decline of 14.5%, marking its lowest point in history.

Investors are now eagerly seeking insight into the factors driving this movement and questioning whether Arbitrum still possesses the competitive edge, especially considering that irrespective of the ARB token performance, the network TVL exceeds $1.6 billion.

Arbitrum (ARB) vs. competitors Polygon (MATIC), Optimism (OP) and Loopring (LRC). Source: TradingView
Arbitrum network total value locked. Source: DefiLlama
Arbitrum network top decentralized applications by active addresses. Source: DappRadar

11/09/2023

Decentralized social media platform friend.tech has seen a sudden surge in total value locked (TVL), doubling to reach more than $20 million within the last four days.

Only two weeks ago, critics declared the platform “dead” after activity on the app looked to be fizzling out.

Total value locked and fees on Friend.tech since Aug. 10. Source: DeFiLlama
Trading volume and number of traders on Friend.tech since inception. Source: Dune Analytics

11/09/2023

Ethereum staking protocol Lido Finance has assured both Lido DAO (LDO) and staked-Ether (stETH) tokens remain safe despite hackers allegedly exploiting a known security flaw in LDO’s token contract.

Lido didn’t confirm any exploits, but acknowledged the security flaw was known and reassured LDO and stETH funds remain safe in response to a Sept. 10 post by blockchain security firm SlowMist.

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Cryptocurrency Projects and ICOs

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