According to blockchain data from Nansen Analytics on Tuesday, over $1.096 billion worth of Ethereum (ETH) has been burned in the past month. With the introduction of the EIP-1559 last August, a portion of fees is taken out of circulation for every transaction that occurs on the Ethereum blockchain. While sending and receiving ETH does not cost much, higher-level tasks, such as … [Read more...] about $1B worth of ETH burned in the past 30 days due to record high OpenSea NFT transactions
record
Cardano network at record capacity due to SundaeSwap launch, but not all users hail it as a success
According to both Cardano Blockchain Insight and pool.pm, the Cardano (ADA) network has maintained record capacity for nearly two weeks due to the launch of decentralized exchange, or DEX, SundaeSwap, the first of its kind to go live on Cardano. At the same time, the total value locked for the ADA blockchain reached a record of approximately $80 million, despite the recent fall … [Read more...] about Cardano network at record capacity due to SundaeSwap launch, but not all users hail it as a success
Crypto money laundering up by one third in 2021 but still below record
A new Chainalysis report has revealed that $8.6 billion in value was laundered through cryptocurrency in 2021. It marks a 25% increase from 2020, but still remains well below the high watermark hit in 2019. That year $10.9 billion in value was laundered via cryptocurrency. Since 2017, Chainalysis estimates that a total of $33.4 billion in crypto has been laundered.Chainalysis … [Read more...] about Crypto money laundering up by one third in 2021 but still below record
Crypto Trader Tantra to Liquidate After ‘GBTC Discount’ Widens to Record
"Ultimately, after significant discussion and consideration in consultation with outside counsel and other professional advisors, the executive board determined that, in view of all the circumstances, it is in the best interest of the company to wind up operations, liquidate our balance sheet and effectuate an orderly and fair and equitable distribution of our … [Read more...] about Crypto Trader Tantra to Liquidate After ‘GBTC Discount’ Widens to Record
OpenSea on Track for Record Month as NFT Sales Boom
Non-fungible token marketplace OpenSea is headed for its highest volume month ever, indicating NFTs may be one sector of the cryptocurrency economy that has decoupled from bitcoin’s price drop.For the first half of January, OpenSea has generated nearly $2.7 billion in volume, which is on track to surpass the $3.4 billion high it notched in August, according to data from Dune … [Read more...] about OpenSea on Track for Record Month as NFT Sales Boom