Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
Crypto Exchanges’ Monthly Trading Volume Surpasses $1T
Reading Time: < 1 minuteIn December, for the first time since September 2022, the monthly trading volume on cryptocurrency exchanges surpassed $1 trillion.
FTX’s Bankruptcy Process Could Last Years
Reading Time: < 1 minuteAlan R. Rosenberg, a partner at Markowitz Ringel Trusty & Hartog, predicts a prolonged legal battle compared to some other crypto bankruptcies like Celsius and BlockFi.
Almost $100M Was Stolen Last Month
Reading Time: < 1 minuteThe recent breach of Orbit Chain’s cross-chain bridge resulted in nearly $100 million in crypto theft for December.
Users Are Becoming More Interested in Solana Than in Ethereum
Reading Time: < 1 minuteIn the year 2023, there was a shift in Google search trends as “Solana” surpassed “Ethereum” for the first time, with traders showing increased curiosity about developments in its ecosystem.
CryptoQuant Believes BTC Will Fall to $32,000 Following ETF Approval
Reading Time: < 1 minuteA possible approval of a Bitcoin exchange-traded fund (ETF) in the United States could result in a “sell-on-the-news” situation.
Vitalik Buterin Wants to Revive Cypherpunk in Ethereum
Reading Time: < 1 minuteAccording to Vitalik Buterin, co-founder of the second largest cryptocurrency by market cap, the Ethereum blockchain must return to its roots and embrace the “cypherpunk” revolution.
Long-term Investors Hold Over 70% of ETH
Reading Time: < 1 minuteThe number of Ethereum network addresses holding varying amounts of ETH has surged to 107,035,209, marking a new high as of December 27.
Tether Issues 1 Billion USDT
Reading Time: < 1 minuteOn December 24, Tether generated an additional 1 billion USDT stablecoins on the Ethereum network.
Barry Silbert to Leave Grayscale’s Board
Reading Time: < 1 minuteGrayscale has disclosed the resignation of several board members along with the appointment of replacements.
Telcoin Loses $1.3M Due to Exploit
Reading Time: < 1 minuteThe Telcoin (TEL) token experienced a more than 40% price drop following the discovery of an error in the wallet implementation on the Polygon network.
Solana Surpasses $100
Reading Time: < 1 minuteSolana, which last surpassed $100 in May 2022, reached $112.4 on Monday, December 25, experiencing a 63% surge in its capitalization to $4.8 billion over the week.
Bulgaria Closes Investigation Against Nexo
Reading Time: < 1 minuteThe Bulgarian prosecutor’s office has closed the case against Nexo, a crypto-lending platform.
Japan Plans to Drop Tax on Crypto Profits
Reading Time: < 1 minuteJapan’s Cabinet has given the green light to a bill exempting companies from taxes on unrealized profits from digital asset transactions.
BTC Will Reach $80,000 Following BTC ETF Approval, Analysts Say
Reading Time: < 1 minuteIndustry experts are predicting that the introduction of spot crypto ETFs in the American market will cause Bitcoin’s price to soar to $80,000.
Uniswap’s Trading Volume Exceeds $450B in 2023
Reading Time: < 1 minuteIn 2023, DEX platform Uniswap saw a remarkable increase in activity, with the total value of completed swaps reaching an impressive $454 billion.
Coinbase Gets Licensed in France
Reading Time: < 1 minuteCryptocurrency exchange Coinbase has received registration with France’s markets regulator.
Ark Invest Sells $24M in Coinbase Shares
Reading Time: < 1 minuteCathie Wood’s investment firm, Ark Invest, has recently sold 149,780 shares of Coinbase stock worth $24.2 million from two of its funds.
Layer 3 Foundation Launches Testnet of Its P2P Yellow Clearing Network
Reading Time: < 1 minuteBlockchain-based fintech company Layer 3 Foundation has just launched the testnet program for its clearing system Yellow Clearing Network.
UK Finance Minister Will Investigate Claims Licensed Crypto Companies Are Facing Problems to Open Business Accounts
Reading Time: < 1 minuteThe Chancellor of the Exchequer in the UK has promised to look into the issue of licensed cryptocurrency companies facing challenges when trying to open business accounts in the country.
Immutable Rolls Out a Web3 Wallet for Gamers
Reading Time: < 1 minuteImmutable has officially launched Passport, a tool that combines the features of a non-custodial crypto wallet, player profile management, and authentication.
Canadian and Swiss Investors Put $16M into Crypto-centered Funds: Report
Reading Time: < 1 minuteAccording to a recent report from CoinShares, institutional investors invested a total of $1.14 billion into crypto funds in 2023.
Galaxy Digital’s AUM Reach $5.3B
Reading Time: < 1 minuteGalaxy Digital has seen a triple increase in the volume of assets under its management over the course of a year, rising from $1.7 billion to $5.3 billion.
SEC Puts Off its Decision on Several Ethereum ETF Applications
Reading Time: < 1 minuteOn December 18, the SEC announced a delay in their final decision on approving Ethereum-based ETFs for several companies.
FTX Pays $53,000 Per Hour on Bankruptcy Fees
Reading Time: < 1 minuteFTX has spent approximately $53,000 per hour in the three months leading up to Oct. 31 on bankruptcy lawyers and advisers.
Ripple Says G20 Countries Will Issue Their Own Tokens
Reading Time: < 1 minuteAccording to information provided by Ripple, it has been determined that 19 countries belonging to the Group of Twenty (G19) have taken the initial steps or are currently in the process of implementing a CBDC.
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