Now that Bitcoin is back in the limelight, industry watchers and investors are eager to forecast its next move. As experts referred to ETF optimism and seasonality as a few factors for the increases, BTC climbed past the $28,000 barrier early Monday to register the highest level in almost a
VanEck, a major investment management firm, has announced its plan to create the VanEck Ethereum Strategy Exchange Traded Fund (EFUT), a significant step that reflects the rising acceptability of cryptocurrencies in conventional finance. This follows the company’s prior entrance into the cryptocurrency sector with the launch of its Bitcoin Strategy
Bitcoin Cash (BCH), a cryptocurrency that forked from Bitcoin, has been creating a buzz in the crypto market with its recent performance. It has surged to a two-month high of $234, marking an 8% increase in the past 24 hours. This price range has been long-awaited by traders who have
Total Value Locked (TVL) in the Solana ecosystem has increased recently, yet DEX volumes have dropped significantly. Given the importance of these numbers to a DeFi network’s health, the decline in DEX activity in Solana’s DeFi landscape has sparked some worry. SOL’s price had shown surprising resilience and recovered at
Linear Finance suddenly announced today through twitter that its native stablecoin, LUSD, may be vulnerable to an exploit assault. The team has taken swift action in response, which has caused widespread alarm among crypto users. 🗣️Urgent Update Re $LUSD 📢 The Linear stable coin $LUSD appears to be under an
Co-founder of Solana Anatoly Yakovenko talks about how the United States is discouraging innovation in Web3 by imposing too many regulations on the sector. As per the co-founder, blockchain technology presents a significant opportunity for several developers keen in developing Web3. However, problems arose due to murky regulations. In addition, he thinks that the
NEW YORK–(BUSINESS WIRE)–WisdomTree, Inc. (NYSE: WT), a global financial innovator, today announced plans to close and liquidate five WisdomTree ETFs. The ETFs will no longer accept creation orders after Friday, October 20, 2023. The final day of trading on the ETFs’ respective exchanges will also be Friday, October 20, 2023.
After a serious cyberattack, FTX has finally fixed its claims site. Kroll, FTX’s third-party agency managing creditor claims, was the planned victim. However, FTX responded quickly, freezing impacted user accounts as a preventative action to guarantee the safety of its customers. Interestingly, a technique known as “SIM swapping” was the
As a more affordable and scalable approach to owning digital collectibles, Magic Eden, a marketplace for NFTs, has announced its support for Solana’s compressed NFTs (cNFTs). Compressed and held off-chain, cNFT data is what sets them apart from regular Solana NFTs. Since there are less costs associated with minting them,
Throughout most of 2023, Justin Sun’s TRON blockchain has been doing well. The astounding uptick in transaction activity for a project that just debuted six years ago demonstrates the growing natural demand for the TRX cryptocurrency. Tron’s quick growth over a short period of time is reflected in the fact
