Erik Voorhees – CEO of ShapeShaft and an outspoken proponent of bitcoin – believes it could take between six months and three years before the next crypto bull run occurs. He also predicted that the primary cryptocurrency could surge to $40,000 by the summer, representing a 140% increase compared to current valuations. ‘It Won’t be...Read More
Ethereum Name Service (ENS) clocked in over 2.2 million domain names in 2022 despite the devastating turmoil in the crypto market. This also represented nearly 80% of all of the domains created since its inception. Data from Dune Analytics revealed that the Ethereum-based distributed domain name service registered more than 2.82 million names as of...Read More
One of the largest pharmacy chains in Ukraine – ANC Pharmacy – joined forces with Binance to enable customers to pay for medical products and supplies in cryptocurrencies. The exchange has provided its services to the war-torn country numerous times over the past several months. It donated $10 million worth of digital assets to Ukraine...Read More
The streak of bankruptcies and price declines has dampened glimmers of positive progress. But Bitcoin just turned 14 today. January 3 is known as Bitcoin Genesis Day for the first block of BTC ever mined by Satoshi way back in 2009, which paved the way for the cryptocurrency as we know it today. The first...Read More
The Securities Commission of The Bahamas (SCB) has refuted the claims made by FTX debtors that it had instructed the crypto exchange to mint tokens worth hundreds of millions. In an official statement released on Jan. 3, the regulator sought to correct the material misstatements of FTX’s new CEO, John J. Ray III, in a...Read More
The Ripple vs SEC case is speculated to encounter its closure very soon which is believed to uplift the XRP price too. The price suffered a significant pullback at the beginning of a fresh yearly trade. However, the trend appears to have rebounded at the moment due to which the bulls are gaining significant momentum...Read More
Chain (XCN) has been affected by the bearish market conditions. XCN, which is built on the Ethereum network, has reached its all-time low of $0.012 after reaching its all-time high of $0.184. Despite the red candlesticks on major coins in the crypto market, smart investors are seriously looking forward to the next bull run and...Read More
Three Arrows Capital (3AC), a Singapore-based crypto hedge fund, became one of the many industry participants that went bankrupt in the bear market. At its peak, 3AC managed more than $10 billion worth of assets. Its undoing was disastrous but wasn’t purely a market-driven phenomenon. In the latest Twitter thread, Zhu Su said the parent...Read More
In a report on Jan. 2, the international non-governmental and lobbying organization said that crypto will continue to be an integral part of the “modern economic toolkit.” The WEF acknowledged the calamitous previous year, labeling it as “terrible,” with more than $2 trillion getting wiped out. Additionally, the Switzerland-based political and economic forum fingered regulators...Read More
The FTX contagion continues to spread as the aftermath appears to have not settled. After the fallout of the famous exchange FTX, many platforms which had heavily invested in the firm have been facing dreadful days. Soon after the top trading firm, Genesis which shares a huge trading volume halted customer withdrawals, it was considered...Read More
The digital asset industry witnessed many unprecedented events in 2022, making it one of the worst years in crypto history. Despite the challenges, cybercrime activity significantly reduced in December compared to previous months, like October, which saw a surge in crypto hacks and thefts. According to blockchain security firm CertiK, the industry suffered losses of...Read More
The Dogecoin Foundation – a nonprofit organization that supports the development of the first-ever memecoin – announced a new 5,000,000 DOGE development fund. The capital will be distributed to developers who contribute to the advancement of the token’s ecosystem. The entity also revealed that Marshall Hayner (one of the fund’s custodians) joined the Dogecoin Foundation...Read More
