The ratio of active Bitcoin addresses has plummeted to its lowest level since November 2010, according to onchain data from IntoTheBlock. In June, the weekly active wallet ratio dropped to a low of 1.22% while peaking at 1.32%. The month’s highest ratio was last seen in November 2010. Additionally, the total number of active wallets…

Cryptocurrency exchange Binance has failed to convince a United States court to dismiss most claims made against it by the country’s securities regulator. Claims related to Binance’s staking program, the sale of BNB after its initial coin offering and anti-fraud violations will proceed, Judge Amy Berman Jackson stated in a June 28 court filing. The security regulator’s claim…

The number of Bitcoin “whole-coiners” — a name given to addresses holding one or more Bitcoin — has remained above 1 million for the last 13 months. The one million “wholecoiner” milestone was first reached on May 13, 2023, when Bitcoin was trading at just $27,000, according to data from Glassnode. This number of wholecoiner wallet addresses reached…

Binance, the world’s largest cryptocurrency exchange, has introduced new security measures to prevent the misuse of account features and enhance the platform’s integrity. The decision follows the discovery of account misuse, which has given certain users unfair advantages. The new measures aim to create a healthy and sustainable market environment that prioritizes the interests of all users….

Crypto and blockchain lawyer Irina Heaver believes newly-released regulations in the United Arab Emirates (UAE) may prohibit crypto payments in the country. On June 5, the board of directors of the Central Bank of the United Arab Emirates (CBUAE) discussed projects under the country’s financial infrastructure (FIT) program, an initiative to boost digital transformation. In…

Worldcoin, the iris-scanning biometric digital identity project, and the Web3 development platform Alchemy revealed a new partnership to build out the infrastructure for the World Chain ecosystem. On June 26, Worldcoin announced that its collaboration with Alchemy will give World Chain developers immediate access to its complete and comprehensive Web3 developer platform. This includes both…

The most profitable sectors of the cryptocurrency industry in the first half of 2024 have been revealed, with memecoins and newly emerging sectors scooping up the lion’s share of profits. According to data from BitEye, CoinGecko, and Wu Blockchain, memecoins led the competition by recording a staggering 1,834% returns since the start of 2024. In…

Ethereum layer-2 Blast network will launch an airdrop for its early adopters on June 26, according to a June 25 social media post from the team. Seventeen percent of the total supply will be released in the airdrop, 7% of which will go to users who bridged either Ether or US Dollar Blast (USDB) to the network….

The process of launching the first spot Ether exchange-traded funds (ETFs) in the United States is “going smoothly,” says Securities and Exchange Commission Chair Gary Gensler. Speaking at a June 25 Bloomberg conference, Gensler remained tight-lipped on when the ETFs could launch and deferred when asked if they could go live before the November U.S. elections. “It’s…

Coinbase cryptocurrency exchange is the most impersonated brand by scammers and malicious actors in the Web3 space, according to a recent survey. Among all United States crypto firms, the Coinbase brand was most impersonated in phishing attacks. Phishing attacks are online social schemes that aim to trick investors into willingly sending digital assets to the…