Following a brief period of decline and trading around the $40,500, bitcoin price reemerged and is now trading around the $43,000 mark. The altcoins are also trending upward, with ADA being the most prominent. In what may have been its most daring move since the beginning of the month, Cardano
In the last 24 hours, Whale Alert, a prominent cryptocurrency data tracker, has flagged significant XRP transactions, shedding light on large-scale movements within the market. Notably, two substantial transactions caught the attention of crypto enthusiasts and analysts alike. Ripple, the blockchain-based payment protocol, executed a sizable transaction by transferring 60
An ex-Ethereum adviser named Steven Nerayoff claims that the driving force to promote Ethereum always comes back to the lucrative gas fees. In a post on Twitter, Nerayoff made this claim and noted that when fees spike, a small group of powerful people, rather than the ordinary user, benefit. This
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
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
In a rollercoaster ride for the crypto market, Ethereum suffered a substantial decline in the past 24 hours, plunging below the $2,200 mark for the first time in a week. The flash crash on Monday triggered a flurry of activity and raised pivotal concerns among investors regarding the market’s stability
In continuation of a trend spanning 11 weeks, digital asset investment products have seen a steady influx of funds, totaling $43 million, according to the latest CoinShares report. Notably, the report highlights a substantial increase in short position inflows, attributed to recent price appreciation and concerns about potential downside risks.
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
Bitcoin and Ethereum were in the forefront of the substantial decline that occurred in the crypto market today. However, according to recent market statistics from Coinglass, there is a significant difference in trading activity. Over $354 million was liquidated from long crypto traders in the previous 24 hours, while just
Tether, the stablecoin issuer, said on December 9 that it is launching a voluntary wallet-freezing policy as part of its ongoing efforts to cooperate with regulatory and law enforcement organizations. Tether has been imposing restrictions on the secondary market to block transactions with Sanctioned individuals on the OFAC Specially Designated
