Bitcoin has had an incredible run this year, with its price skyrocketing by approximately 150% since the beginning of the year. This remarkable performance has led experts and analysts to ponder whether the cryptocurrency has the potential to reach the elusive mark of $100,000. One analyst, DonAlt, who is known for his popular YouTube channel
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Decentralized exchanges (DEX) on the Solana blockchain recently achieved a significant milestone by surpassing Ethereum in trading volume. On December 16, the trading volume of DEXs on Solana reached $1.536 billion, exceeding Ethereum’s $1.164 billion during the same period. This development showcases the rapid growth and widespread adoption of Solana’s decentralized finance (DeFi) ecosystem. It
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Shiba Inu (SHIB) has been facing a struggling performance recently, with the price falling -11% after being rejected from upper trendline resistance. This has left some bag-holders wondering if SHIB is going to zero. Adding to the uncertainty, large amounts of SHIB have been moving on-chain, with a massive 4.2 trillion SHIB being transferred between
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The amended Chapter 11 reorganization plan filed by FTX Debtors on December 16 has raised concerns among the defunct crypto exchange’s creditors. The plan proposes valuing the creditors’ claims based on crypto prices from November 11, 2022, the day FTX filed for bankruptcy. However, during the days leading up to the FTX collapse, the crypto
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FTX Debtors have recently submitted an amended Chapter 11 reorganization plan, prompting concerns over potential massive losses for the defunct cryptocurrency exchange’s creditors. The plan outlines the valuation of creditors’ claims based on cryptocurrency prices from November 11, 2022, the date of FTX’s bankruptcy petition. However, this valuation fails to consider the wild fluctuations and
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Cryptocurrency markets have been on a recent surge, and this trend is not limited to just traditional centralized exchanges (CEX). The realm of decentralized finance (DeFi) has also experienced a spill-over effect. Historically, decentralized exchanges (DEX) have had lower trading volumes compared to their centralized counterparts. However, the recent market rally has led to increased
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The United States Department of Justice (DOJ) has recently taken legal action against two individuals accused of perpetrating a large-scale crypto Ponzi scheme. David Gilbert Saffron, a 51-year-old from Australia, and Vincent Anthony Mazzotta Jr., a 52-year-old from California, allegedly defrauded investors of approximately $25 million. The Justice Department’s press release reveals the details of
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Cardano (ADA) has demonstrated impressive growth in its decentralized finance (DeFi) space, experiencing a significant increase in its total value locked (TVL). According to data from DeFiLlama, Cardano’s TVL has surged from $188.65 million on October 17 to $431.44 million on December 15, 2023. This remarkable increase reflects a growth rate of 180.636% within this
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