Solana was scrutinized extensively after speculations appeared connecting it to the bankrupt FTX. The network’s perception of FTX was drastically altered by the occurrence, and the resulting fear, uncertainty, and doubt (FUD) proved challenging to dispel. Almost 9% of the token’s value was wiped out today, perhaps because of the fallout from the exchange’s downfall, indicating …
Continue reading “Solana: Outshined But Not Lifeless As Network Activity Accelerates”
According to Santiment, the decentralized exchange Uniswap has not experienced any kind of recovery. Santiment recently tweeted that Uniswap is one of the outliers in the active addresses measure, indicating that the DEX’s native token UNI is underperforming relative to other cryptocurrencies. According to the data, the number of functioning IP addresses last increased when …
Continue reading “Uniswap Stuck In The Ground As UNI Copes With Falling Network Activity”
The past few days have seen a decline in the price of crypto assets such as Shiba Inu (SHIB), with inflation and other macroeconomic factors in play, as other cryptocurrencies registered gains. Macroeconomic factors have historically impacted crypto prices. Recently, the FUD (fear, uncertainty and doubt) levels in the market were high, taking a toll …
Continue reading “Shiba Inu (SHIB) Price Continues To Decline – What’s Causing The Drop?”
According to a prison official who regularly interacts with him, Sam Bankman-Fried, the disgraced and indicted former cryptocurrency executive, spends his days in a Bahamian […] Go to Source
A hacker just exploited the Solana (SOL)-based automated market maker (AMM) Raydium (RAY) for more than $4.3 million in crypto. Raydium first acknowledged the hack on Twitter on Friday morning. “An exploit on Raydium is being investigated that affected liquidity pools. Details to follow as more is known. Initial understanding is owner authority was overtaken …
Sam Bankman-Fried, former FTX CEO, has reportedly reconsidered his earlier decision to contest extradition and is expected to appear in court in the Bahamas on Dec. 19 to seek a reversal, Reuters reported on Dec. 17 citing a person familiar with the matter. By consenting to extradition, Bankman-Fried would be able to appear in a …
Continue reading “Sam Bankman-Fried seeks to reverse decision on contesting extradition: Report”
U.S. Senator Pat Toomey says illegal actions by crypto exchange FTX must be separated “from perfectly lawful and innovative cryptocurrencies.” Emphasizing that “The collapse of FTX is not an indictment of crypto,” he noted that “cryptocurrency cannot be stopped” and “the technology would simply migrate offshore” if Congress tried. Separating Illegal Actions From ‘Perfectly Lawful …
Disgraced FTX co-founder Sam Bankman-Fried (SBF) has reportedly reversed his decision to contest his extradition to the United States. Bankman-Fried has spent close to five days in the Bahamas Department of Correctional Services (BDOCS) jail Fox Hill, an overcrowded prison known for being filthy and one that has been accused of prison maltreatment. Reuters Source …
Continue reading “Report: FTX Co-Founder Bankman-Fried Plans to Surrender to US Extradition Request”
On Dec. 14, the Ethereum software firm Consensys announced that the company has teamed up with the payment processing giant Paypal. The integration allows Metamask wallet users to purchase ethereum via Paypal from within the Web3 wallet application. Consensys Teams up With Payments Giant Paypal According to Consensys, Metamask users can now purchase ethereum (ETH) …
The total value locked (TVL) in decentralized finance (defi) has fallen below the $40 billion mark for the first time since the first week of Feb. 2021. On Dec. 17, 2022, the TVL in defi is roughly $39.53 billion after dropping more than 4% in value during the past 24 hours. Value Locked in Defi …
Continue reading “TVL in Defi Slides Under $40 Billion, Tapping a Low Not Seen Since February 2021”
The Neo price prediction is dropping below the 9-day and 21-day moving averages after touching the daily high at $6.71. Neo Price Statistics Data: Neo […] Go to Source
The Amp price prediction is moving towards the 9-day and 21-day moving averages to hit the $0.0038 resistance level. Amp Prediction Statistics Data: Amp price […] Go to Source
Popular analyst Jason Pizzino says Binance Coin (BNB), the utility token of the world’s largest crypto exchange, is likely headed for a trend reversal on the Bitcoin (BTC) chart. Pizzino tells his 279,000 YouTube subscribers that Binance Coin has potentially hit a top against Bitcoin (BNB/BTC) after the pair’s bullish run of nearly two years. …
A council consisting of the US’s top financial regulators is urging Congress to regulate cryptocurrency spot markets. The Financial Stability Oversight Council, made up of the heads of the U.S. Securities and Exchange Commission (SEC), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board and other top regulators, issued its annual report this week. …
Top Stories This Week FTX founder Sam Bankman-Fried arrested, set to be extradited to US Sam Bankman-Fried was taken into custody by the Royal Bahamas Police Force and is likely to stay there until February, after his application for bail was denied in Bahamian court. A second application for bail has been reportedly filed by …
