Author: Crypto Insider

Stablecoin issuer Tether didn’t provide a definitive answer on whether or not it would cease support for the Tron network after its rival Circle ceased minting its stablecoin on the blockchain on Tuesday. “Tether tokens are issued on several blockchains, which are simply transport layers for such tokens,” Tether said in a statement to Cointelegraph…

Central bank digital currencies (CBDC) have received quite a bit of attention in recent years, sparking a fierce debate about the benefits and possible drawbacks of the technology. A digital form of a country’s fiat currency, CBDCs are centralized and backed by a nation’s central bank. In contrast, cryptocurrencies like Bitcoin are decentralized and not controlled…

The cries are loudening for a potential “altseason” as Ether approaches the $3,000 level; however, analysts have cautioned it may not come so soon. On Feb. 19, Ether prices hit an intraday and 22-month high of $2,980. The last time the asset traded above $3,000 was in April 2022. The price movement has seemingly led many…

Starknet’s active users have dropped significantly over the past seven days amid growing grievances over its Starknet Provisions Program airdrop. The Ethereum layer-2 blockchain’s active users climbed from under 20,000 on Feb. 9 to a nearly three-month high of over 220,500 on Feb. 14, Starkscan data shows, as users and airdrop farmers flocked to the network hoping to get…

2024 has everything to be the biggest year in the history of the Ethereum blockchain. In addition to the possible approval of an Ether spot exchange-traded fund (ETF) in the United States, this year will also mark the network’s first bull cycle since the Merge in 2022. This update makes ETH deflationary during periods of high network use….

Venture funding for crypto-related companies totaled $1.9 billion in the fourth quarter of 2023 — a 2.5% increase from the third quarter — according to a report from PitchBook. It marks the first time venture capital (VC) investments in crypto startups have risen since March 2022. PitchBook highlighted that the major crypto ventures securing funding primarily center…