FTX, a defunct exchange, has announced plans to hold an auction for its remaining Solana token holdings, urging creditors to participate in the process. This decision comes after previous sales were done directly to venture capital firms, sparking controversy among retail investors impacted by the collapse of the exchange. Sunil Kavuri, a prominent FTX creditor,
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The recent volatility in the crypto market has impacted Ethereum, the second largest token by market cap. Despite the fluctuating prices, data from Coinglass shows that many investors and traders are still bullish on Ethereum. In fact, a significant number of traders have opened long positions on the crypto token, indicating their belief in significant
The Brazilian stock exchange, B3, recently made headlines in the cryptocurrency space by introducing Bitcoin futures into its offerings. This move came after the announcement in March, and on April 17, the trading of Bitcoin futures officially commenced on the platform. The response from the market was overwhelming, with a significant milestone achieved on the
The recent Bitcoin halving event, which took place on April 20, has signaled the beginning of a tough period for miners in terms of profitability. With the block rewards being cut in half from 6.25 BTC to 3.125 BTC, miners are now producing fewer assets daily. This has put immense pressure on miners as they
As the crypto markets show signs of recovery, looming economic events in the United States pose a potential threat to this upward momentum. The Federal Reserve’s upcoming release of key inflation metrics will likely have a significant impact on monetary policy, shaping the future direction of the markets. Federal Reserve policymakers are currently facing a
Recently, Kenyan authorities have taken action to extradite Nadeem Anjarwalla, a Binance executive wanted by the Nigerian government. A joint operation involving various agencies like the Economics and Financial Crimes Commission (EFCC), Nigeria Police Force, Kenya Police Service, Federal Bureau of Investigation (FBI), and International Criminal Police Organization (INTERPOL) was successful in capturing Anjarwalla in
Drivers around the world have long faced obstacles when it comes to fueling and charging their vehicles. Fluctuating gas prices, inefficient transaction processes, and limited access to refueling and charging stations have created a landscape filled with frustration and uncertainty. These challenges have impacted daily commuters, road-trip enthusiasts, and eco-conscious drivers alike, making it difficult
The recent Bitcoin halving has created a buzz in the world of cryptocurrency. This event, which occurs every four years, involves cutting the rate at which new coins are generated in half. While this has a major impact on the overall crypto market, it also raises questions about how it will affect the emerging field
In a bold move, Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC), recently made headlines by burning 4,295 HV-MTL NFTs. This decision came in response to the acquisition of two gaming IPs by the blockchain gaming studio Faraway. The burning of these NFTs represents 14% of the total supply of HV-MTL NFTs,
In recent days, there has been a noticeable accumulation of Ethereum among investors, signaling a potential return to bullish sentiment for the cryptocurrency. The price of Ethereum has been fluctuating around $3,170, with on-chain data showing a trend of strategic accumulation from Ether investors. This accumulation has been further supported by transaction data revealing an
