OpenSea migrates to Seaport protocol
OpenSea nonfungible tokens (NFTs) platform has announced its migration to Seaport protocol on Tuesday in view that users can save 35% on gas fees. The Seaport protocol promises decreased gas fees, the opportunity to make offers on full collections, the elimination of new account initiation fees, and more user-friendly signature alternatives, among other benefits. Users […]
What are Bitcoin mixers and why are they used?
Bitcoin mixers as the name implies are used for mixing Bitcoin in order to create anonymity for Bitcoin transactions and also make them untraceable to their final destinations. Bitcoin mixers are software or services that allow users to mix their coins with those of other users while maintaining their privacy. While Bitcoin addresses are “pseudonymous” […]
Crypto Crash: Chain.com loses 96% of its value in 24 hours
Deepak.eth, CEO of Crypto.com, believes a single large margin call appears to have exacerbated the flash crash experienced by Chain.com. On Tuesday, the value of tokens issued by Chain.com (XCN), a cloud blockchain infrastructure provider , unexpectedly dropped by more than 90 percent. However, they were able to recoup the majority of their losses later […]
Crypto Crash Is Only Momentary – Polygon Co-Founder Nailwal
Layer 2 Scaling solution Polygon’s co-founder Sandeep Nailwal, stated on Tuesday that the current market downturns will affect Web3’s development only temporarily. He believes the drop is attributable to macro issues rather than any inherent Web3 shortcomings. Moreover, he seeks to rekindle investor trust by stating that he believes Polygon will weather the storm. However, […]
Ethereum Whales Acquire $550 million FTX Tokens Amid Market Crash
The FTX token (FTT) has been under a lot of strain as the cryptocurrency market has been collapsing. However, despite the price drop, some of the largest Ethereum (ETH) whales have purchased more than $550 million worth of FTT tokens. About 15 million tokens are being moved in single transaction An ETH whale dubbed “BlueWhale0116” […]