A closely followed crypto trader says that one layer-2 scaling solution still has more upside potential after a big rally. Pseudonymous trader The Flow Horse tells his 194,500 followers on the social media platform X that Polygon (MATIC) competitor Optimism (OP) is likely heading higher after a retest at the $3.45 level. “Another one that […]
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The total value locked (TVL) in Base, Coinbase’s Ethereum (ETH) layer-2 scaling solution, has hit a new all-time high, reaching nearly $750 million. New data from layer-2 blockchain tracker L2Beat reveals that the TVL of Base is hovering at $742 million at time of writing, a new record high and an exponential rise since July […]
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A crypto strategist who nailed the top of the Bitcoin (BTC) bull market in 2021 believes that one Ethereum (ETH) scaling solution that’s trading under the radar will see a burst to the upside. Pseudonymous crypto strategist Pentoshi tells his 727,200 followers on the social media platform X that he’s bullish on Arbitrum (ARB). According […]
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One Ethereum (ETH) layer-2 scaling solution has witnessed staggering address growth since January, according to the crypto analytics firm IntoTheBlock. The firm notes that Optimism’s (OP) network currently clocks more than 5.9 million addresses with a balance, a massive 391% increase from the 1.2 million addresses the project had in January. Optimism’s native token, OP, […]
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A widely followed crypto trader believes Chainlink (LINK) is setting the stage for another move to the upside. In a new video strategy session, crypto analyst Michaël van de Poppe tells his 162,000 YouTube subscribers that LINK is showing strength against Bitcoin (LINK/BTC), indicating more upside potential for Chainlink’s USD pair. “In 2019-2020, we can […]
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Bitcoin bulls could make a strong push to get BTC through the $45,000 resistance this week. Will UNI, OP, TIA and STX follow?
The S&P 500 Index (SPX) achieved its highest close of the year last week, and Bitcoin (BTC) also hit a new 52-week high, indicating that risky assets remain strong going into the final few days of the year.
Some analysts believe Bitcoin is done with its rally in the short term and may roll over. Popular analyst and social media commentator Matthew Hyland cautioned in a post on X (formerly Twitter) that a drop in Bitcoin’s dominance below 51.81% could signal that the uptrend has ended “along with a likely top put in.”
Usually, the first leg of the rally of a new bull market is driven by the leaders, but after a significant move, profit-booking sets in and traders start to look at alternative opportunities. Although Bitcoin has not rolled over, several altcoins have started to move higher, signaling a potential shift in interest.
A widely followed crypto analyst says that the next two months will be dynamite for altcoins as he updates his outlook on three digital assets. Crypto strategist Michaël van de Poppe tells his 676,100 followers on the social media platform X that while the bottom for the BTC/ETH pair may be coming in, the next […]
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A widely followed crypto analyst believes that Ethereum (ETH) and three other altcoins in its ecosystem are primed for surges. Pseudonymous analyst Kaleo tells his 601,300 followers on the social media platform X that Ethereum is threatening to take out its diagonal resistance at $1,900. According to a chart shared by the analyst, Ethereum may […]
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The ‘World App’ for iOS and Android has now been downloaded 4 million times, according to data collected by its development team, Tools for Humanity.
Iris-scanning project Worldcoin has reached a new milestone, as its mobile World App has now been downloaded over 4 million times, according to a November 1 blog post from the project’s team. If this number is eventually confirmed by Coingecko, it could place World App in sixth place in Coingecko’s list of most downloaded software wallets.
The Worldcoin development team, called “Tools for Humanity,” also claimed that it now has over 1 million monthly users, double the number it had six months ago.
World App now has more than 1 million monthly active users, 4 million downloads and 22 million transactions. Not bad for six months pic.twitter.com/pagXxTfc8E
— Tools For Humanity (@tfh_technology) November 1, 2023
Worldcoin is a project that allows users to prove their humanness by having their irises scanned. Once the user has their iris scanned, they receive a “World ID” which can be used to verify to applications that they are not a bot. Each user who goes through verification receives 25 Worldcoin (WLD) tokens, worth approximately $46.50 currently.
The project has become popular in developing markets like Argentina, as some participants have seen registering and then selling the coins as a quick way to make a few extra bucks.
However, Worldcoin has also been criticized for allegedly being a danger to privacy. Critics claim that it is too centralized and can result in users’ data being leaked publicly.
In order to cash out their WLD, users of Worldcoin need to download the World App to generate an account. In its November 1 post, the team stated that the app has now been downloaded over 4 million times. This would place it above the Solana Phantom wallet but below Bitcoin.com’s Bitcoin wallet on Coingecko’s list of most popular wallets.
Some of the users who register appear to be sticking around and continuing to use the app after it is downloaded. The app has reached 1 million monthly, 500,000 weekly, and 100,000 daily active users. This is double the number of monthly active users it had six months ago, the post stated.
Related: Worldcoin launches gas-free wallet app for verified humans
Despite these successes, the project continues to be criticized by some privacy-advocates. On October 2, a parliamentary committee in Kenya ordered Worldcoin to stop operating in the country due to privacy concerns. The project compiled with the order, but also issued a statement claiming they had complied with all privacy laws in the country.
The code repository of the Coinbase-backed Ethereum (ETH) layer-2 scaling solution Base is now accessible to everyone. In a series of tweets on social media platform X, the team behind the network says all of Base’s contracts and scripts are already publicly available on GitHub. “One of Base’s core values is building in the open. […]
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