It seems that investors’ faith in riskier and more volatile assets has been more apparent after the FOMC meeting. The most recent statement from the U.S Federal Reserve, which signified the third straight time interest rates were held constant, was likely the primary catalyst for the recent market upswing. There
December 15, 2023 2 mins read
During a bankruptcy hearing, a federal judge acted to resolve a long-running disagreement between FTX and its biggest creditor, suggesting the court may attempt to expedite the recovery of FTX customers’ monies from the estate of the defunct cryptocurrency exchange. The crypto exchange’s outstanding balance with the Internal Revenue Service
December 14, 2023 1 min read
After a few days of intense selling pressure, the whole cryptocurrency industry rose in the last day. Bitcoin saw a precipitous fall all the way to about $40,500 on December 12 after breaking above $44,000 last week. Nonetheless, Bitcoin’s price increased and is now hovering around the $43,000 level. A
December 14, 2023 2 mins read
Solana and Bitcoin NFT collections have advanced this week, with Solana’s ecosystem coming in third after Ethereum. The Bitcoin network surpassed Ethereum in 24-hour sales volume on December 12th, according to statistics from the NFT data portal CryptoSlam. According to the numbers, the Solana network also has the third-highest 24-hour
December 13, 2023 2 mins read
Hackers stole over $424,000 from user accounts at the prominent OKX DEX earlier today in a big catastrophe. Wallets linked to the OKX decentralized exchange (DEX) were recently the targets of theft due to an exploit. A loss of more than $424,000 was caused by a suspected assault that included
December 13, 2023 1 min read
Avalanche (AVAX) has surged by 13% in the last 24 hours to join the top 10 cryptocurrencies list by market value, defying the severe market reversal. The value of AVAX has doubled since the beginning of 2023, and it has gained 84.28% in the last week, as it regained the
December 12, 2023 2 mins read
The defunct cryptocurrency exchange claims that any “meaningful recovery” intended for FTX victims will be swallowed up by the U.S Internal Revenue Service’s (IRS) planned $24 billion tax bill. Since May, the US tax authorities have been attempting to collect past due taxes from the defunct cryptocurrency exchange and its
December 12, 2023 1 min read
The co-founder of Solana, Anatoly Yakovenko, recently reflected on the path that culminated in the establishment of Solana, a cryptocurrency project with a value more than $30 billion. The Twitter post by Yakovenko commemorates the six-year anniversary of his fundraising efforts for Solana (SOL), the project he started on December
December 11, 2023 2 mins read
M&G Plc, an enormous London-based pension fund, recently invested $20 million into a British crypto derivatives trading platform, GFO-X. A cryptocurrency derivatives trading platform located in the United Kingdom, GFO-X, has received a $20 million investment from M&G Investments, the asset management division of pension behemoth M&G Plc. In the
December 11, 2023 2 mins read
It is possible that the recent price spike of SOL was caused by the issuance of Jito tokens to users of Solana. The Jito Network airdrop caused the JTO token to surge 88% to a new all-time high of $3.18, much to the delight of the Solana community. Thanks to
December 8, 2023 1 min read
