Global #transactions

In a significant policy shift, Bolivia has lifted its ban on cryptocurrencies, paving the way for authorized trading through electronic channels. The Central Bank of Bolivia (BCB) revoked the prohibition, which was put into effect in December 2020, on June 26, 2024.

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In a surprising turn of events, Litecoin (LTC) has experienced a meteoric rise in activity, surpassing both Bitcoin (BTC) and Ethereum (ETH) to become the most utilized cryptocurrency in the market. This surge in activity is reflected in the number of active addresses, a key indicator of network usage and adoption.

In the ever-evolving world of cryptocurrency, the Solana blockchain has emerged as a leading player, renowned for its high transaction speeds and scalability. However, like any decentralized network, Solana has not been immune to the threat of malicious attacks. One such attack that has plagued blockchain platforms is the "sandwich attack," a sophisticated technique that exploits the order of transactions to manipulate prices and extract profits.

It's uncommon for Litecoin (LTC) to surpass Ethereum (ETH) in any metric. However, on June 6, the number of active addresses on Litecoin's network surged dramatically by 75%.

The rise in active addresses and transaction volume could significantly impact Litecoin's market performance, with analysts expecting a favorable trajectory for LTC's price.

A recent law in the United States grants the President expansive authority to restrict access to digital assets, sparking concerns among experts in the field. Scott Johnsson, a notable figure in digital assets, criticized the law for its wide-reaching implications, suggesting it could effectively empower the President to ban certain protocols and smart contracts.

In the last 24 hours, a Bitcoin whale transferred 1,519 BTC, valued at over $104 million, to the centralized exchange Kraken, following a series of other whale transactions.

Avalanche (AVAX) recently surpassed the upper boundary of a descending channel on May 13, leading to an approximately 10% increase in its price. Yet, indications from on-chain data hint at a potential downturn in demand for the altcoin throughout the past week.

Aptos, a layer-1 blockchain platform created by former Facebook employees, recently set a new benchmark in blockchain transactions. On May 25, Aptos recorded an impressive 115.4 million transactions in a single day, significantly outpacing Solana's 31.7 million, as reported by Aptoscan.

Polygon, the Ethereum scalability solution addressing the network's scalability challenges, has reached a significant milestone: 4 billion total transactions. This accomplishment stands out, especially considering that the network was launched merely four years ago in June 2020.

Solana has emerged as the frontrunner among major blockchains, demonstrating remarkable speed by handling an astounding 91 million transactions within a single day.