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Author: Zoe Mende

The Rise of Web3

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Web3 apps reach an all-time high of 10 million daily active users. Social sector sees a 66% increase in dUAW. NFT marketplaces experience a surge in trading volume. TVL in decentralized finance applications sees a decline. The future of Web3 is bright, with continued growth and innovation expected. In an exciting turn of events, the decentralized application (dApp) industry has reached a new peak, with daily active users...

Cryptocurrencies, dApps, Front page, News, Web3

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Mt. Gox Creditors Receive Bitcoin and Bitcoin Cash Repayments: Implications for Crypto Markets

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Mt. Gox, a defunct crypto exchange, has started repaying creditors in Bitcoin and Bitcoin Cash. The exchange holds 142,000 BTC, 143,000 BCH, and 69 billion yen, among other assets. The repayments are expected to have a significant impact on the crypto market. Creditors may have to wait up to 90 days to receive their payouts. Bitcoin and Bitcoin Cash prices have dropped sharply following the repayment news. On July...

Bitcoin, Cryptocurrencies, Front page, News

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Cryptocurrency Trading Soars in Argentina

Cryptocurrency Trading Soars in Argentina Amid Economic Uncertainty

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Cryptocurrency trading volume against the Argentine Peso has grown by 400% this year. The Argentine Peso is now the fastest-growing crypto trading pair in Latin America. Milei’s election and his pro-Bitcoin stance have contributed to the surge in crypto adoption. A new mandatory registry for Virtual Asset Service Providers has been introduced in Argentina. Despite the growth, the Argentine Peso remains the lowest...

Cryptocurrencies, Front page, News

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Memecoins and Telegram bots - DeFi

Memecoins and Telegram Bots Drive DeFi Revenue to New Heights

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Memecoin-specific applications are dominating the DeFi landscape, with Pump.Fun and Telegram bots generating nearly $50 million in revenue in June 2024. Pump.Fun, a token launchpad, has emerged as the second-highest grossing DeFi product, even surpassing Ethereum mainnet in 24-hour revenue on July 1st. Telegram trading bots, including Trojan, BananaGun, Maestro, and BonkBot, are also contributing significantly to the DeFi...

Cryptocurrencies, DeFi, Front page, Memecoins, News

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Bitcoin Miners Capitulating

Bitcoin Bottom Near: Miner Capitulation Mirrors FTX Implosion Levels, CryptoQuant Reports

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Bitcoin bottom may be near as miner capitulation levels mirror those seen after FTX collapse in late 2022, according to CryptoQuant. The market is under pressure due to Mt. Gox creditor liquidations, with Bitcoin prices expected to rebound from August onwards. Historical data shows that July is typically a month of recovery for Bitcoin, with average gains of 7.42% in the month following a June decline. Is Bitcoin Nearing...

Bitcoin, Crypto Mining, Cryptocurrencies, Front page, News

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