Catalyx, a crypto trading platform based in Canada, suffered a security breach that resulted in the loss of customer funds in its custody. While the exact value of the loss is not mentioned, the platform has halted crypto and fiat withdrawals amid ongoing investigations. Catalyx Suspends Trading and Withdrawals CatalX CTS, the operator of Catalyx,...Read More
Earlier this year, the SEC’s crusade against cryptocurrencies seemed to be coming to a head after Judge Analisa Torres sided mostly in favor of Ripple, who ruled that XRP is, broadly speaking, not a security and that its purchase could only be considered an investment contract in certain circumstances. The two parties, however, are still...Read More
Uniswap’s native token – UNI – has demonstrated a noteworthy surge of 28% over the past week alongside the rest of the crypto market. It is currently trading above $7.71 with a market capitalization of $4.61 billion. The latest data indicated that UNI may be poised for more growth. Industry expert Ali Martinez said that...Read More
As Bitcoin struggles to break the $44,000 threshold, miners are showing signs of impatience, leading to a significant reduction in their reserves. Despite this, our analysis suggests that the continuous selling might not affect Bitcoin’s price due to the bullish sentiment surrounding the upcoming ETF decision. This sentiment is supported by several applicants who are...Read More
Bitcoin miners are experiencing significant gains, thanks to a surge in transaction fees that have reached their highest levels since April 2021, primarily driven by the increasing demand for Ordinals inscriptions. The positive momentum in the market throughout this year has served as a valuable recovery for miners, compensating for the challenges faced in the...Read More
FTX, the now-bankrupt cryptocurrency exchange, has come under fire following its recent court filing on December 27. The document reveals a contentious repayment plan that has sparked a significant backlash from the crypto community and FTX customers. FTX’s Controversial Estimation Motion On December 27, the bankrupt former behemoth disclosed a repayment plan, assigning a lower-than-market...Read More
A market analyst forecasts that Shiba Inu’s price will reach $0.0000417 in 2024, according to Austin Hilton. Following Shiba Inu’s impressive turnaround in 2023, driven by Shibarium, this projection comes as no surprise. Shiba Inu, known for its meme coin origins, has experienced a notable turnaround in 2023, largely attributed to the launch of Shibarium....Read More
While cryptocurrencies are known to be volatile, understanding the behavior and distribution patterns of Bitcoin holders over a two or three-year period is crucial for predicting market trends and potential returns. CryptoQuant’s latest analysis found that investors who hold BTCs for 2-3 years often reap the most significant returns over a 4-year cycle. Profits and...Read More
The Avalanche Foundation, a nonprofit overseeing the development of the Avalanche Network, has revealed plans to venture into the meme coin market. This move involves allocating a significant portion of its $100 million NFT incubator fund to purchase meme coins based on the Avalanche blockchain. Embracing the Meme Coin Culture According to a December 29...Read More
Centralized crypto exchanges just witnessed a major single-day outflow of bitcoins (BTC), the largest seen in more than a year. According to data from blockchain intelligence platform Glassnode, over 28,000 BTC worth around $1.19 billion left centralized trading platforms on December 27. The Largest Single-Day Inflow in a Year The number of bitcoins that exited...Read More
The Dec. 28 blog post reiterated the core values of Ethereum, harking back to its early days when it was more “cypherpunk.” The early vision of Bitcoin and Ethereum was deeply idealistic, aiming to build a more open, decentralized, and censorship-resistant internet and economy. However, Buterin lamented that over time, this vision faded as transaction...Read More
Hong Kong-based cryptocurrency exchange Bitzlato has halted withdrawals in preparation for upcoming court proceedings related to the confiscation of its user assets in France. According to a message sent to users via Telegram, the withdrawal and technical support suspension will be temporary as the team is optimistic about the court case. Bitzlato Temporarily Suspends Withdrawals...Read More
Mina (MINA) has finally broken the downward trend that originally began in October of the year and has climbed further up in value. Currently ranking as the 64th largest crypto, MINA reached a market cap of 1.20 billion since its price increased by 55.2% in the past week. It’s not the only crypto that can...Read More
Manta Network’s Ethereum Layer 2 blockchain Manta Pacific has seen its total value locked (TVL) skyrocket to nearly $370 million within two weeks. The project’s surge in TVL could be attributed to an airdrop event scheduled to happen in January 2024. Manta Pacific Becomes 7th Biggest L2 on Ethereum Manta Pacific recently introduced an airdrop...Read More
