In a thrilling twist during the trial against FTX co-founder Sam Bankman-Fried, CEO of defunct crypto lender BlockFi, Zac Prince, took the stand in a Manhattan federal courtroom. Prince’s testimony provided invaluable insights into the complex web of relationships between BlockFi, FTX, and Alameda Research. The revelations made during his appearance shed light on the
Bitcoin
A trader on Aave, a decentralized liquidity protocol, has recently made headlines by selling wrapped Bitcoin (WBTC) to repay their outstanding debt. This move has raised concerns within the decentralized finance (DeFi) community, as it indicates the potential risks associated with borrowing and leveraging assets in this space. In this article, we will examine the
Recently, there have been rumors speculating that the US Securities and Exchange Commission (SEC) provided Ethereum with a regulatory free pass. Cardano founder, Charles Hoskinson, shared his thoughts on this matter during an AMA session on X (formerly Twitter). He highlighted how the Himman emails and other revelations shed light on the SEC’s thought process,
The Open Network (TON) Foundation, in collaboration with Alibaba Cloud, has revealed its plans to set up 256 servers for an upcoming performance testing event. Taking place on October 31, 2023, the objective of this event is to officially establish the TON blockchain as the world’s fastest blockchain, earning accreditation from the Guinness World Records.
The Ethereum price experienced a significant drop on Monday, allegedly triggered by the Ethereum Foundation’s decision to sell coins. This sudden plunge led to a series of liquidation events, resulting in substantial losses for ETH traders. By Tuesday, October 10, the liquidation numbers had skyrocketed to over $32 million. The data provided by Coinglass reveals
Bitcoin’s price is currently showing positive signs above the $27,450 zone, and there is a possibility of a new upward movement towards the $28,500 resistance level. This article will discuss the recent price action of Bitcoin and analyze the potential scenarios for its future movement. After failing to clear the $28,500 resistance zone, Bitcoin experienced
The Bitcoin market is always on the lookout for significant players who can potentially influence the price with their large-volume transactions. These influential entities, known as whales, often trigger a domino effect that ripples through the market. Recently, on-chain data has revealed the awakening of a particular Bitcoin whale from a three-year slumber, as they
In the ever-evolving world of cryptocurrency, Binance, the largest crypto exchange globally, recently released its 11th reserves report. These reports shed light on the exchange’s holdings and provide insights into their asset management strategies. Specifically, the report highlights Binance’s impressive increase in XRP holdings, indicating a surge in investor interest in this particular cryptocurrency. According
Solana (SOL), a layer 1 proof-of-stake blockchain, has recently introduced version 1.16, which brings exciting advancements in user privacy through the implementation of “Confidential Transfers.” This update includes the introduction of encrypted Solana Program Library (SPL) token transactions, prioritizing confidentiality rather than anonymity. The adoption of version 1.16 by Solana’s network of validators has reached
For the past two years, Ethereum (ETH) has been the dominant player in the crypto market, outperforming Solana (SOL) in terms of weekly chart performance. However, a technical analyst on X believes that this trend is about to change. CryptoGodJohn, a well-known analyst on the platform, suggests that now might be the “right” time for