The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
Charles Hoskinson calls Ethereum Classic ‘dead project with no purpose’
Hoskinson has recommended Ergo to proof-of-work proponents saying the coin is "innovating and has a great community."
Crypto whale alleged to be Saylor sent over 200K BTC to exchanges in July; community in doubt
CryptoVinco says he is 99% sure that the wallet belongs to MicroStrategy’s Michael Saylor.
Rising star? FLUX enters top 100 following 130% gains over past month
Flux intends to fill the Proof-of-Work void left by Ethereum's upcoming switch to Proof-of-Stake.
Sports NFT market doubles to $2.6B in 2022
According to a recent study, sports NFT market has doubled from $1.3 billion to $2.6 billion in 2022, and it is expected to see $41.6 billion by 2032.
Australia creates special crypto police unit to crack down on money laundering
In the first four months of 2022, crypto scam losses in Australia grew 166% to $140 million, compared to the same period in 2021.
CryptoSlate Wrapped Daily: Binance ends support for USDC, Shiba Inu burns almost 50% of initial supply
Saylor says Bitcoin’s Lightning Network is the most important technology in the world right now, Binance to stop support for USDC across its platform and much more in this edition of CryptoSlate Wrapped Daily
Almost half of Shiba Inu’s initial circulating token supply has been burned
Since its launch in August 2020, Shiba Inu has been burned in a bid to cut its 1 quadrillion circulating supply. The milestone half way point is fast approaching.
Helium down 55% in last 30 days as challenges run rife
Helium's market cap has drastically declined by over 50%, dropping from over $1 billion to around $490 million.
Binance will stop supporting USDC, certain other stablecoins by Sept. 29
Binance says the move is geared toward enhancing liquidity and capital efficiency for its users.
FatManTerra educates community on crypto scams by creating fake investment scheme
Crypto Influencer FatManTerra shared a fake investment scheme that attracted over $100k from his followers. He has called off the trick and warned the community against falling for crypto investment scams.
Research: HODL waves show short-term holders at level lower than 2019 bear market bottom
On-chain data indicates a drastic fall in short-term Bitcoin holders with the number dropping to 27.4%. Market bottoms historically correlate with short-term holders falling below 29%
Russia to reportedly consider crypto use for international payments
Russia has faced increased scrutiny and sanctions from western countries over its Ukraine invasion, forcing a rethink of its stance towards crypto.
Vitalik Buterin poll reveals community want 5-letter .eth domain name for $100
Crypto community members argued that a fee less than $100 would ensure inclusivity for all.
Saylor says Bitcoin’s Lightning Network most important technology in the world right now
Michael Saylor announced that MicroStrategy is working on an inhouse Lightning Network solution that will onboard over 10 million consumers.
Bitcoin mining hash rate spikes 60% despite plummeting revenue per terra hash
The Bitcoin hash rate continues trending upwards even though revenue per terra hash carries on falling.