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
A new citizenship-by-investment scheme in El Salvador has been created. It offers a residence permit and a road to citizenship to 1,000 individuals who are ready to shell out $1 million worth of investment in the nation in Bitcoin or USDT. The cost of citizenship in the Bitcoin-friendly nation starts
December 8, 2023 1 min read
According to Solana founder Anatoly Yakovenko, who recently spoke on Laura Shin’s Unchained podcast, the future of Solana’s Saga Phone is questionable due to low sales and shifting market dynamics. Earlier this year, the phone was available for purchase; in August, its price was reduced from $1,000 to $599. During
December 7, 2023 2 mins read
The introduction of commission-free trading by Robinhood Markets Inc. is slated to radically alter the European cryptocurrency industry, according to Bloomberg’s announcement today. The platform is preparing to provide European investors access to more than 25 cryptocurrencies, after announcing its entry into the UK market. Importantly, this expansion falls in
December 7, 2023 1 min read
As a result of renewed hope that a spot bitcoin ETF would be approved in the United States, the crypto market is experiencing a boom, and Bitcoin broke above $44,000 for the first time since April 2022. The general market, and Solana in particular, are benefiting from this rising pattern.
December 6, 2023 2 mins read
The launch of 5ire’s native token ‘5IRE’ on the Bybit launchpad has been a resounding success, marking a significant milestone for India’s fastest-growing unicorn. With an overwhelming response, the launch has already attracted more than 80,000 subscribers with still time left for subscription to end, reflecting the immense anticipation and
December 6, 2023 1 min read