In an unexpected outcome, Sam Bankman-Fried, the creator of the closed cryptocurrency platform FTX, was ordered to serve a 25-year sentence after being found guilty of deceiving customers. During a hearing held at the federal courthouse in Lower Manhattan on March 28, US District Judge Lewis Kaplan delivered his ruling. Bankman-Fried, who previously expressed his … Read more
Market expert and trader Peter Brandt has shared insightful views on Solana’s (SOL) latest price trend, implying that a significant chart formation may be nearing completion. Specifically, Brandt observes a triangular pattern resembling a downtrend taking shape on Solana’s 4-hour price graph. Identified Chart Pattern On SOL And Its Implications In the realm of technical … Read more
Recently, the crypto market has seen some instability, yet this hasn’t hindered the progress of coins like Dogecoin and XRP. One significant event was Toncoin (TON) joining the top 10 cryptocurrencies by market capitalization and even surpassing Cardano (ADA). Subsequently, Dogecoin is poised to attempt a flippening against XRP. Dogecoin Gearing Up To Take Over … Read more
On social media site X, formerly known as Twitter, MakerDAO shared updates about how their Ethereum-based protocol, which manages the DAI stablecoin through an algorithm, has been functioning since the latest modifications were implemented. In the past three weeks, MakerDAO has introduced major modifications to its protocol and the DAI stablecoin. Introducing the new Accelerated … Read more
Bitcoins regained over $70,000 value in the past 24 hours, defying the unfavorable trading volume indicator for the cryptocurrency. Bitcoin Net Taker Volume Has Seen Some Large Negative Spikes Recently In a recent post on X, Maartunn from the CryptoQuant Netherlands team shared that larger-than-usual selling spikes have emerged in the Bitcoin Net Taker Volume … Read more
A cryptocurrency expert has proposed that the price of Shiba Inu (SHIB) could reach $0.0001. He explained in his assessment the reasons why this digital currency might experience a significant price increase, resembling a parabolic trend. Shiba Inu To Rise To $0.0001 If History Repeats Itself According to crypto expert Bunchhieng’s analysis, if historical trends … Read more
Last week, Solana (SOL) encountered challenges as its transaction failure rate surpassed 75%. In response, the core team behind Solana has been diligently working to identify and resolve the network’s congestion issues. The price of SOL dropped by 7.8%, causing concern among some users about the condition of the network. However, certain analysts anticipate a … Read more
The mining difficulty for Bitcoin‘s network has increased by almost 4% to reach a new all-time high, just prior to the much-anticipated Halving event. This significant adjustment, now at 86.4 trillion, is an essential milestone in Bitcoin‘s history. Decrypting Bitcoin’s Mining Complexity Significantly, the mining difficulty of Bitcoin refers to the level of complexity required … Read more
In the past day, there have been numerous XRP positions being closed, leading to heightened anxiety among XRP investors. The influence of the derivatives market on cryptocurrency prices is well-known, making this development particularly noteworthy. $1.32 Million XRP Positions Get Liquidated According to Coinglass data, approximately $1.32 million worth of XRP positions were terminated in … Read more
According to some experts, Bitcoin‘s condition appears to have improved significantly since it reached over $70,000 in March 2024, with cryptic all-time highs in sight. This optimistic view is based on the observation that funding rates have decreased to normal ranges, suggesting reduced volatility and a decrease in the sense of urgency or fear of … Read more