Tornado Cash Governance Token TORN Shudders More Than 57% Since the US Government Ban

Amid the crackdown against Tornado Cash, associated addresses, contributing developers, and anyone who uses the mixing platform, the project’s governance token called TORN has shuddered in value. TORN is an ERC20 with a fixed supply that is leveraged for governance proposals and voting. During the last seven days, the Tornado Cash governance token has lost … Read more

L2 Scaling Solution Arbitrum Schedules Nitro Rollup Stack Upgrade for August 31

On August 4, Arbitrum One, the layer two (L2) Ethereum scaling solution, announced the protocol will implement a significant upgrade called Nitro in 25 days. The highly anticipated Nitro migration will take place on August 31, exactly one year after Offchain Labs, the Arbitrum project maintainers, launched the Arbitrum One mainnet. The Arbitrum team says … Read more

Top 100 Apecoin Holders Control Over 51% of the Supply, APE Lost 81% in 2 Months

Back in mid-March 2022, Bored Ape Yacht Club’s (BAYC) Apecoin DAO launched and airdropped millions of apecoin tokens to specific NFT holders. The crypto asset dedicated to the BAYC ecosystem tapped an all-time high two months ago reaching $26.70 per unit on April 28. However, apecoin is down more than 81% since that day and … Read more

Ethereum Transfer Costs Continue to Slide — Network Fees Tap a 19-Month Low

On Saturday, Ethereum transaction fees tapped a low not seen since November 2020 as the average network fee dropped to 0.0016 ether or $1.67 per transfer. Average fees on Saturday have been as low as 32 gwei or $0.69 per transfer as Ethereum gas fees have been steadily dropping since May 11, 2022. Ethereum Fees … Read more

Apecoin Community Votes on Keeping APE Token in the Ethereum Ecosystem

The Apecoin community is in the midst of discussing whether or not the crypto asset should remain within the Ethereum ecosystem. While AIP-41 voting started today, the proposal’s voting process will end on June 8, 2022, at 9 p.m. (ET). Meanwhile, the project’s native token APE has lost 57% against the U.S. dollar in the … Read more

Ethereum Transaction Fees Hit a 10-Month Low as Gas Costs per Transfer Sink Below $3

The average Ethereum network fee has dropped to the lowest value recorded in over ten months, after fees hit a low of $2.96 per transaction on Sunday afternoon (ET). The last time ethereum transfer fees dropped below the $3 mark was last year on July 11, 2021. Moreover, median fees are even cheaper, as the … Read more

Crypto Industry Leader Bitcoin.com Secures $33.6 Million in VERSE Token Private Sale

On Wednesday, the leading crypto industry firm, Bitcoin.com, announced it has concluded a private sale of its VERSE token and secured $33,600,000 from strategic investors. VERSE is meant to bolster Bitcoin.com’s growing infrastructure by providing a utility token that rewards users for contributing to the Bitcoin.com ecosystem. Bitcoin.com’s Private Token Sale Raises $33.6 Million This … Read more

Bitso to Offset Carbon Emissions From the Trading Platform’s BTC, ETH, ERC20 Transactions

On Friday, the Latin American cryptocurrency platform Bitso announced that the company plans to offset carbon emissions from its bitcoin and ERC20 token transactions carried out on the platform. Bitso is partnering with the carbon offset platform Moss.Earth in order to curb the crypto company’s environmental impact. Bitso to Offset Crypto Transaction Carbon Emissions by … Read more

The Number of SHIB Holders Shudders in 3 Days, Shiba Inu Slid 17% in Value Last Month

While most digital currencies have seen gains during the last month, the meme token called shiba inu has lost more than 17% during the last 30 days. Despite the fact that shiba inu is down 72% from the crypto asset’s all-time high, shiba inu is still up 37,130% against the U.S. dollar over the last … Read more