Category: transactions

Dogecoin Rival Shiba Inu Spikes in Value While DOGE Prices Flounder, SHIB Jumps 21% in 24 Hours

Dogecoin Rival Shiba Inu Spikes in Value While DOGE Prices Flounder, SHIB Jumps 21% in 24 Hours

While the dogecoin’s token price has floundered during the last seven days, the meme-coin’s rival shiba inu (SHIB) has moved up the ranks in terms of weekly gains. Dogecoin has shed 5.8% during the last week, but shiba inu has spiked 21.3% during the course of the week and 21.1% in the last 24 hours. […]

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More than $1 billion worth of ether has been burned since Ethereum’s London upgrade

More than $1 billion worth of ether has been burned since Ethereum’s London upgrade

Since the introduction of Ethereum’s London upgrade on August 5, more than 297,000 ETH has been burned — worth just over $1 billion — according to The Block’s Data Dashboard. The upgrade added a new burning mechanism to transaction fees with the goal of making them easier to price. To make a transaction, you now […]

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Australia, Singapore, Malaysia, and South Africa to Trial Cross-Border Digital Currency Payments

Australia, Singapore, Malaysia, and South Africa to Trial Cross-Border Digital Currency Payments

The central banks of Australia, Singapore, Malaysia, and the Republic of South Africa have set out to test the use of state-issued digital currencies in cross-border payments. The trial, led by the Bank for International Settlements, aims to establish whether they can simplify transactions and make them cheaper. Reserve Bank of Australia Teams Up With […]

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Eastern Europe Sends Over $800 Million in Crypto to Scams in Single Year, Report Reveals

Eastern Europe Sends Over $800 Million in Crypto to Scams in Single Year, Report Reveals

Of all funds sent to illicit cryptocurrency addresses from Eastern Europe, scams attract the greatest amount, according to a new report. In the past year alone, crypto addresses based in the region have sent the fraudulent schemes a staggering $815 million in crypto. Eastern Europe Leads by Volume of Illicit Crypto Transactions Among the world’s […]

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More than 100,000 ETH ($300 million) has been burned following Ethereum’s latest upgrade

More than 100,000 ETH ($300 million) has been burned following Ethereum’s latest upgrade

Since Ethereum’s London upgrade was implemented — introducing the EIP-1559 fee burning mechanism — the network has burned a total of 100,000 ETH, worth $300 million, in just 20 days.  These coins are being burned during the transaction fee process. To make a transaction, you now pay a base fee, which gets burned, and a […]

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Ukraine Shuts Down Crypto Exchangers Sending Money to Russian Wallets

Ukraine Shuts Down Crypto Exchangers Sending Money to Russian Wallets

The Security Service of Ukraine (SBU) has closed down a number of “underground” crypto exchangers in Kyiv. Officials say the platforms have been making a million dollars in monthly turnover and allegedly sending money to digital wallets operated by Russian payment providers. Law Enforcement Busts Cryptocurrency Exchangers in Ukraine Officers from Ukraine’s main law enforcement […]

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Axie Infinity overtakes NBA Top Shot in weekly NFT transactions

Axie Infinity overtakes NBA Top Shot in weekly NFT transactions

Play-to-earn platform Axie Infinity now accounts for the highest percentage of weekly transactions involving non-fungible tokens (NFTs), overtaking popular basketball-themed trading card game NBA Top Shot.  According to data collected by The Block, Axie Infinity accounts for 53% of weekly transactions involving NFTs, while NBA Top Shot accounts for about 45%. The remaining volume comes […]

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Crypto Crime Falls in China, Surges in Hong Kong, Reports Reveal

Crypto Crime Falls in China, Surges in Hong Kong, Reports Reveal

China’s cryptocurrency transactions related to criminal activities have decreased significantly over the past couple of years, a new report suggests. At the same time, its special administrative region of Hong Kong is seeing a spike in crypto-related crime this year, with authorities attributing the rise to the popularity of crypto investments. Chinese Crime-Related Crypto Transactions […]

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Paypal Plans to Study Transactions That Fund Extremism, Anti-Government Groups

Paypal Plans to Study Transactions That Fund Extremism, Anti-Government Groups

The payment processing giant Paypal has revealed it has partnered with the nonprofit organization the Anti-Defamation League (ADL). According to the announcement, Paypal is researching transactions settled on the payment network that allegedly fund hate groups and extremism. Paypal to Study Transactions With the Anti-Defamation League A report from Reuters notes that Paypal is studying […]

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Digital Euro to Handle ‘Almost Unlimited’ Payments, Estonian Central Bank Says After Test

Digital Euro to Handle ‘Almost Unlimited’ Payments, Estonian Central Bank Says After Test

A blockchain-based digital euro would be highly scalable allowing it to process an almost unlimited number of payments, the central bank of Estonia has concluded following a recent experiment. Central banks from several euro area countries and the ECB participated in the test, which also professed to show the digital currency’s carbon footprint would be […]

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