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Ethereum Overtaking Solana? Exploring MegaETH – An Ambitious New Rollup

In June 2024, Ethereum co-founder Vitalik Buterin, along with venture capital giant Dragonfly Capital and other interested parties invested in an Ethereum-based startup, MegaETH.This is a Layer 2 solution (L2) with a claimed instant transaction finalization and a speed…

byCoinpaper News

March 19, 2025

Hamsters Are Becoming Whales. Why Have AI-Related Meme Tokens Surged in Popularity?

The “meme mania” of 2024 has generated enormous profits for creators of platforms like Pump.fun, while news headlines have shouted about the incredible fortunes made by traders whose profits have soared into the hundreds and thousands of percent.In the…

byCoinpaper News

January 17, 2025

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NFTs Faced Their Worst Year Since 2020 as Trading Volumes Plunged

In 2024, the NFT market faced its toughest year since 2020, with trading volumes dropping 19%.Despite challenges like rising token prices and market volatility, certain sectors still showed resilience. Pudgy Penguins specifically performed relatively well, and achieved impressive growth…

byCoinpaper News

January 15, 2025

Ethereum Outpaces Bitcoin as Long-Term Holders Surge in 2024

In 2024, Ethereum gained a lot of traction among long-term holders, with the percentage of these holders surpassing 75%.While long-term Ethereum holders increased, Bitcoin saw a decline to 62%. Ethereum’s growth was boosted by spot Ether ETFs, which doubled…

byCoinpaper News

December 30, 2024

Does 2024 Bitcoin Halving Have an Effect on its Price?

The 2024 Bitcoin halving reduced mining rewards, driving scarcity, market optimism, and a bullish price trend with rising institutional interest.Bitcoin halving happens every four years. The latest halving event happened in April this year and marked an important milestone…

byCoinpaper News

November 19, 2024

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US Regulators Secure Over $19B in Crypto Lawsuit Settlements in 2024

In 2024, U.S. regulators collected more than $19 billion in settlements from crypto companies, which is a 78% increase from 2023.FTX’s $12+ billion payment contributed a lot to this total, alongside settlements from Genesis and Terraform Labs. Regulatory scrutiny…

byCoinpaper News

October 14, 2024

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Blockchain Sees Boost from AI DApps as DeFi and NFT Activity Falls

In Q3 2024, AI-powered DApps surged, boosting blockchain growth, while DeFi and NFT markets experienced significant declines.Decentralized technology saw notable advancements in the third quarter of 2024, with artificial intelligence (AI) playing a key role in driving growth across…

byCoinpaper News

October 9, 2024

SEC Enforcement Action Fines Skyrocket Over 3000% in 2024

In 2024, the SEC saw a record-breaking year in enforcement actions against crypto firms by imposing fines of close to $4.7 billion.In 2024, the SEC increased its enforcement actions against crypto firms and imposed almost $4.7 billion in fines.…

byCoinpaper News

September 10, 2024

Ethereum Faces Competition and Revenue Issues, Says VanEck

VanEck’s August 2024 report highlights Ethereum’s declining network revenue, increased competition from faster blockchains, and challenges posed by its own layer-2 solutions.Ripple and Ethereum, two giants in the blockchain space, are navigating significant changes that have raised questions within…

byCoinpaper News

September 6, 2024

Akon’s Net Worth: From Music Mogul to Crypto Visionary

Akon’s net worth in 2024 stems from music success and business ventures like Akoin crypto. Explore how the challenges with the crypto project impact his financial future.Akon, the Senegalese-American singer, songwriter, producer, and entrepreneur, has built an impressive net…

byCoinpaper News

July 28, 2024