Author: Crypto Insider

Coinciding with the decline in Bitcoin prices, the global network of active Bitcoin ATMs decreased by 334 machines in less than 40 days. In June, 107 Bitcoin ATMs went offline, ending the 10-month trajectory of month-on-month increases in net installation. The reduction was further catalyzed in July. Within five days, as of July 5, 227 crypto…

Tron founder Justin Sun has revealed his team is building a gasless stablecoin solution to make peer-to-peer transfers free for all. Sun hopes to integrate the stablecoin solution on the Tron blockchain this fourth quarter, followed by Ethereum and other Ethereum Virtual Machine-compatible public chains soon after. “Transfers can be made without paying any gas tokens, with…

Most of the Bitcoin being repaid by defunct exchange Mt. Gox will likely be sold, threatening to cause more downside pressure on the price of Bitcoin. The Mt. Gox repayments could add $8.2 billion worth of additional selling pressure to the Bitcoin price, according to finance analyst Jacob King. The analyst said that onchain movements already…

According to a July 3 announcement, the Aptos blockchain has launched a web-hosted keyless wallet application that uses ZK-proofs to verify users. Called “Aptos Connect,” the new wallet allows users to connect to decentralized applications using a Google login without needing hardware security modules, passkeys, or a multiparty computation network. According to the announcement, Aptos…

According to a July 4 report from blockchain analytics platform DappRadar, the number of users using Web3 applications reached a record high in the second quarter. The number of daily unique active wallets (dUAW) was approximately 10 million over the quarter, a 40% increase from the first quarter and the highest number ever reached. According…

The price of Bitcoin crashed as low as $53,600 on Coinbase on July 5, the first time the asset has traded at this price since February this year, and analysts fear the worst is still yet to come. Bitcoin has since leveled out to trade at $54,122 at the time of publication, according to TradingView data. Speaking to…