DappRadar only tracks users directly interacting with blockchain, a new blog post explains. For example, Axie Infinity’s daily user count is over 100,000, but DappRadar measures it only at 20,000. Crypto Twitter was shocked by reports claiming a $1.2 billion metaverse ecosystem like Decentraland has less than 40 daily active users recently. The data, courtesy...Continue Reading

Ballooning leverage and reduced volatility on crypto markets create a situation where explosive volatility is very possible in the short-to-medium term. After weeks of reduced volatility, cryptocurrencies like Bitcoin (BTC) are likely to see sharp price changes in the short to medium term, according to one analyst. The current situation in cryptocurrency markets could potentially...Continue Reading

Nerves are showing on the market after several days of Bitcoin “stuck” in a tiny trading range. Bitcoin (BTC) began Oct. 13 with classic fluctuations around $19,000 as markets prepared for crucial macro data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView No sign of upside ahead of key U.S. data Data from Cointelegraph Markets Pro...Continue Reading

The largest CBDC pilot in the world is going to expand on citizen payments and cross-border operations with Hong Kong. China’s central bank digital currency (CBDC) project has reached the mark of 100.04 billion yuan (close to $14 billion) of made transactions during its pilot phase. It makes digital yuan, the e-CNY, the most widely...Continue Reading

Through the deal, Offchain Labs hopes to build a sustainable future for Ethereum, through greater communication between teams developing on both layers and direct collaborations. One of the core development teams behind the Ethereum (ETH) Merge, Prysmatic Labs, has been acquired by Offchain Labs, the developer of Ethereum layer-2 network Arbitrum.  Announced in an Oct....Continue Reading

While 2021 was the biggest year on record for crypto hacks, 2022 could “likely” beat the record “at this rate” according to Chainalysis. Blockchain analytics firm Chainalysis has labeled October 2022 as “the biggest month in the biggest year ever for hacking activity” with the total hacked value for the month nearly reaching $718 million....Continue Reading

According to Chainalysis data, Russia’s stablecoin usage has increased since the onset of the war, due partly to ordinary Russian citizens seeking to protect their assets. A new report from blockchain analytics firm Chainalysis has shown a surge in stablecoin usage in Russia following the Russian invasion of Ukraine, which has since seen sanctions and...Continue Reading

The duo allegedly went on a spending spree with Crypto.com’s funds, buying four houses, vehicles, art, furniture and gifts, but 7 million AUD has now been returned. The Melbourne couple mistakenly sent 10.5 million Australian dollars by Crypto.com in 2021 is arguing in court that they thought the funds were won via a competition. Thevamanogari...Continue Reading

The move-to-earn blockchain game has seen a significant drop in its user base and its rewards token has taken a decline due to the cryptocurrency market conditions. Solana (SOL) blockchain-based move-to-earn fitness app STEPN is reportedly laying off over 100 of its contract workers amid the ongoing crypto bear market and as its user numbers...Continue Reading

The alleged fraudsters built a BAYC and MAYC NFT focused website that masqueraded as a service to animate the apes but instead phished victims details to steal their NFTs. French authorities have reportedly utilized research from pseudonymous blockchain sleuth ZachXBT to charge five people on suspicion of stealing $2.5 million worth of nonfungible tokens (NFTs)...Continue Reading