Category: Uncategorized

[ad_1] Ad Glassnode data analyzed by CryptoSlate shows that new address momentum metrics of Bitcoin (BTC) and Ethereum (ETH) reflect that the BTC network is growing while the sentiment on the ETH network is the opposite. An uptick in daily active users, more transaction throughput, and increased demand for backspace often characterize healthy network adoption.…

[ad_1] Cardano (ADA) founder Charles Hoskinson tweeted on Feb. 9 that Ethereum’s (ETH) staking is problematic. According to Hoskinson, Ethereum’s staking looks “a lot like regulated products” because it involves “temporarily giving up your assets to someone else to … get a return.” He added that: “Locking funds, encouraging centralization, and poor protocol design hurts…

[ad_1] Ad PROOF Collective noted that Ordinal Punks NFTs have been rising in price. The tweet mentioned the recent sale of #27, which sold for 1.93 BTC ($43,800). It also stated another sale occurred soon after, for the sum of 2.06 BTC ($46,800) but did not disclose which punk the sale related to. Source: ordinalsdirectory.com…

[ad_1] Luxury brand Hermès secured a victory in the first of three landmark NFT trials slated to commence this year.  Hermès convinced a Manhattan jury today that the digital artist behind the “MetaBirkin” non-fungible token collection, Mason Rothschild, violated Hermès’ rights to the “Birkin” trademark. The nine-member jury came to the verdict on Feb. 8,…

[ad_1] Since the rise in popularity of ChatGPT following OpenAI’s research beta launch late last year, crypto AI tokens have been pumping hard with monthly gains of over 200% in some cases. However, the momentum for the resurgence in AI popularity may be dwindling after Google’s recently launched advertising campaign for its own AI chatbot,…

[ad_1] The Sandbox network will unlock 372.6 million SAND tokens — amounting to 12.419% of the circulating supply — on Feb. 13. The news comes amid a 30% surge in price driven by the announcement of a “mysterious partnership” with Saudi Arabia. Exchange inflows surpass outflows A substantial volume of SAND tokens — roughly 82 million…

[ad_1] Argo Blockchain mined 168 Bitcoin (BTC) during January — collecting roughly $3.42 million in mining revenue, according to the company’s January Operational Update. Argo’s performance in January reflects a 14% increase from 147 BTC mined in December 2022, according to the update. Argo was amongst the mining companies that were heavily affected by the…

[ad_1] Glassnode data analyzed by CryptoSlate shows that Bitcoin (BTC) average block size reached a new all-time high by reaching 2.25 megabytes (MB). BTC Mean Block Size (Source: Glassnode) The chart above demonstrates the average block size of BTC since the beginning of 2022. A recent spike pushed the block size over 2 MB. The…

[ad_1] The cryptocurrency market cap saw net inflows of $7.5 billion over the last 24 hours and currently stands at $1.07 trillion — up 0.7% from $1.06 trillion. Over the reporting period, Bitcoin and Ethereum’s market cap grew 0.7% and 0.7% to $443.44 billion and $201.07 billion, respectively. The top 10 crypto assets posted a…

[ad_1] Liquid staking protocol Lido said its staked Ethereum on the Beacon Chain reached 5.05 million ($8.32 billion). LDO surged 18% to $2.45 in the last 24 hours, according to CryptoSlate data. The token rose by 16% in the previous seven days and 25% in the last 30 days. Lido dominates liquid staking On Feb. 6,…