In a monumental shift, Solana’s decentralized exchanges (DEX) briefly surpassed Ethereum in trading volume on December 16th. Data from DeFillama reveals that the trading volume of DEXs on the Solana blockchain reached an impressive $1.536 billion, outshining Ethereum’s $1.164 billion during the same period. This milestone has been celebrated by the crypto community, with Solana’s
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FTX Debtors recently filed an amended Chapter 11 reorganization plan, and unfortunately, this plan may result in significant losses for the defunct crypto exchange’s creditors. The proposal suggests evaluating the creditors’ claims based on cryptocurrency prices from November 11, 2022, the day FTX filed for bankruptcy. However, during the period leading up to FTX’s collapse,
FTX Debtors recently filed an amended Chapter 11 reorganization plan, posing a considerable risk of significant financial losses for the creditors of the now-defunct cryptocurrency exchange. This plan, which proposes valuing the creditors’ claims based on crypto prices from November 11, 2022, the day FTX filed for bankruptcy, fails to consider the subsequent surge in
The chief analyst of Singaporean exchange Bitget, Ryan Lee, has recently presented some intriguing Bitcoin price projections for the year 2024. This forecast comes in the wake of Bitcoin’s recent decline of 4% below the $42,000 price mark. In an X post on December 17, Brave New Coin shared Lee’s predictions for Bitcoin’s future in
In the rapidly evolving world of cryptocurrencies, hackers and fraudsters continuously adapt and find ingenious methods to exploit vulnerabilities and empty crypto wallets. The relationship between security measures and cyber threats is a constant cat-and-mouse game. However, as technology develops, security measures also advance to counteract emerging threats. This article explores the evolution of attack
The recent freezing of 326 wallets containing $435 million worth of Tether (USDT) by the world’s largest stablecoin issuer is a significant development in the fight against illicit activities in the cryptocurrency space. This move was made in collaboration with law enforcement authorities, including the U.S. Department of Justice (DOJ), the Federal Bureau of Investigation
As the crypto market gears up for 2024, the chief legal officer of blockchain payment company Ripple, Stu Alderoty, has released three projections on crypto regulations that could impact investors’ confidence ahead of a year expected to start the new bull cycle by many analysts. Closing the Ripple and SEC Court Case In an X
Polygon (MATIC) has recently caught the attention of crypto analysts, raising the question of whether this altcoin is poised for an upward move. In this article, we will delve into a comprehensive analysis of MATIC, highlighting both the potential bullish and bearish factors that could impact its future price movements. Analyst JB points out that
Crypto index fund manager Bitwise has recently released a report predicting a bullish price for Bitcoin that would surpass its current all-time high. Despite the cryptocurrency already experiencing a doubling in price this year, Bitwise believes this upward trend will continue into the next year. According to their forecast, BTC is expected to hit $80,000
The cryptocurrency market has seen significant volatility in recent times, and Osmosis (OSMO) has been no exception. However, the past three months have shown a remarkable turnaround for OSMO, signaling a strong recovery. Traders have access to multiple technical indicators that offer a complex view of OSMO’s potential future paths. These indicators create a mosaic