Just two days ago, Spot On Chain revealed that Worldcoin (WLD) had a significant 20% increase in price, which attracted investors and resulted in large gains for an unnamed whale trader, all while AI was the talk of the town. This whale moved 2.09 million WLD tokens, worth $5.82 million,
February 17, 2024 2 mins read
Most qualified creditors have already received their liquid crypto payments via PayPal and Coinbase, the two distribution agents of the defunct crypto lender Celsius, as per the announcement. The legal team representing Celsius, Kirkland & Ellis, recently updated the court on the payouts to creditors as stated in the restructuring
February 17, 2024 1 min read
There has been a noticeable slowdown in the price of Solana. In contrast to other altcoins in the market, Solana’s progress has faced tough resistance around the $120 price mark, making it a tough terrain. One possible explanation for this standstill is that the network’s operational problems have been more
February 16, 2024 2 mins read
According to Federal Reserve governor Christopher Waller, the dollar’s position as a worldwide reserve currency may be being solidified by the widespread use of stablecoins denominated in U.S dollars in the decentralized finance (DeFi) space. Waller said at a central banking-focused conference on February 15 that the U.S. dollar is
February 16, 2024 2 mins read
The U.S Securities and Exchange Commission moved last month to dismiss DEBT Box’s lawsuit after the agency confessed making false claims in court. DEBT Box requested the judge to reject this motion. Last year, the SEC filed a lawsuit against Digital Licensing Inc., which operates under the name DEBT Box,
February 15, 2024 2 mins read
The current situation of Ripple’s XRP holdings was detailed in the company’s recently published voluntary Q4 2023 report. A significant reduction in Ripple’s XRP holdings, as shown in the report, suggests a change in strategy. From the third quarter of 2023 to the fourth quarter of the same year, Ripple’s
February 14, 2024 2 mins read
Sushi, a decentralized finance (DeFi) firm, plans to introduce Susa, a decentralized derivatives platform on Layer N, an Ethereum Layer 2, in an effort to mimic certain features of centralization for decentralized platforms. According to Jared Grey, head chef at Sushi: “Sushi is excited to partner with Layer N, as
February 14, 2024 1 min read
Stocks in the cryptocurrency and mining sector were upbeat after Bitcoin’s two-year high of $50,363 on February 12th. Crypto-mining equities and MicroStrategy (MSTR) both had double-digit increases over the last week, which is similar to BTC’s 17.5% rise. In the last day, MSTR stock has climbed 11% to $719, and
February 13, 2024 1 min read
Launched in August via a cooperation with custodian company Paxos, PayPal’s stablecoin has seen significant growth in market value, presently surpassing $290 million. By the end of August, the total supply of PYUSD had increased to 43.3 million after its launch. During that period, a concentrated distribution was evident as
January 13, 2024 2 mins read
Bitcoin is still under severe selling pressure after the approval of the Bitcoin ETF. Over the last several hours, the price of Bitcoin has fallen by 8%. Since the U.S. SEC authorized eleven spot Bitcoin ETFs on January 10, the price of Bitcoin (BTC) has been falling, which has surprised
January 13, 2024 2 mins read