A recent research from Coinbase suggests that the digital asset ecosystem may be entering a new crypto winter due to increasing structural and macroeconomic constraints. After reaching a high of $1.6 trillion in December 2024, the total market cap of cryptocurrencies (not including Bitcoin) has fallen to $950 billion, a
A renowned cryptocurrency analyst, known for accurately predicting Ethereum’s (ETH) drop below $900 during the 2022 crypto winter, has recently labeled a new rival to Solana (SOL) as a ‘must-hold’. The analyst, active on X (formerly Twitter), had forecast Ethereum’s decline after it peaked near $5,000 in late 2021, a
The bitcoin market is a rollercoaster of emotions, with stories of exciting gains and terrible losses. For one astute trader, however, the recent increase in Polygon (MATIC) represents a sweet victory after a long, harsh crypto winter.He bought MATIC for $0.48 in 2022 and is now celebrating the token surpassing
Chainalysis, a blockchain analytics business, let off another 15% of its workforce this week, citing the necessity to cut costs in light of the prolonged detrimental market. The firm said on October 3 that it has laid off 15% of its workforce, or around 135 people. Madeleine Kennedy, VP of
Thousands of individuals devoted to Bitcoin are converging on Miami Beach for the third consecutive year, as they attend an industry conference that boasts notable speakers such as U.S. presidential candidate Robert F. Kennedy and author Michael Lewis. Referred to as Bitcoin 2023, the conference is promoted by its organizers
The second largest stablecoin USD Coin (USDC) depegged from its $1 parity owing to the shutdown of the US banking giant Silicon Valley Bank on Friday. The failure of this largest bank is registered as the worst banking crash since the 2008 financial crisis. The custom of crypto firms depositing
As private sector demand has decreased in tandem with the sell-off in cryptocurrencies for much of the last year. Chainalysis is laying off around 44 of its 900 workers, or 4.8% of its staff. According to Maddie Kennedy, the company’s senior director of communications, the layoffs will mostly affect members
Electric Capital released the 2022 Crypto Developers Report. The firm collaborated on the 250 million codecommits from the GitHub repositories. The codes were fingerprinted across the 9000 ecosystems and found the result of the last 14 years. A tragic year in cryptocurrency has initiated opportunities for many new BUIDLers. Cryptocurrency
KuCoin 2022 reports $23 billion daily trading volume in futures market, $12 billion in spot trading market, and 27 million total users. VICTORIA, Seychelles–(BUSINESS WIRE)–KuCoin, a top 5 global crypto exchange, has released its yearly review report highlighting its main metrics and achievements in 2022. KuCoin’s guiding operational principle is
Global cryptocurrency After several weeks of steady decline, the market is showing signs of life. Gains in cryptocurrencies like Bitcoin (BTC) have stoked the fire that has ignited the crypto market. which, despite persistent lows, is continually rising to new heights as a result of learning from past mistakes. Goldmoney’s
