The founder of LHV Bank, Rain Lõhmus, finds himself in a rather unfortunate situation. He is the owner of a massive 250,000 Ether (ETH) stash, purchased during the Ethereum ICO, which is now worth an astounding $470 million. However, there’s just one problem – he no longer has access to it. In a recent interview,
In a recent wave of staff cuts, Ava Labs, the team behind the Avalanche Blockchain, confirmed that it has laid off 12% of its employees. This decision was made in order to reallocate resources and focus on the growth of their firm and the Avalanche ecosystem. While bear markets can be challenging to navigate, Ava
The U.S. Securities and Exchange Commission (SEC) has found itself facing significant challenges in recruiting professionals with expertise in cryptocurrency. According to a recent agency document titled “The Inspector General’s Statement on the SEC’s Management and Performance Challenges,” the SEC is experiencing difficulties in hiring specialists in the field of crypto assets. These challenges are
Solana (SOL) recently experienced a significant increase in value, but questions arise regarding the sustainability of its market capitalization. This article aims to analyze the factors contributing to Solana’s price surge and investment viability. Solana witnessed a notable 36.6% increase in value between October 30 and November 2. However, its failure to breach the $44.50
Bitrace, a leading research firm, has recently uncovered a deeply concerning trend within the Telegram coin exchange robot ecosystem. This trend revolves around the TRC20 USDT cryptocurrency and involves a significant number of addresses linked to gambling, money laundering, stolen coins, and fraudulent activities. Such activities not only pose a threat to innocent users but
XRP, the popular cryptocurrency, has been experiencing significant strides in recent trading hours, providing a promising outlook for investors and traders. Despite a sharp rise, the hourly chart indicates a bullish trend, with the price of XRP hovering around $0.696533. According to CoinGecko, there has been an impressive 8.9% increase in the past 24 hours,
Renowned for its satirical take on contemporary issues, “The Simpsons” once again brings its signature wit to the forefront, this time in a tech-infused narrative. In its latest episode, “Treehouse of Horror XXXIV: Wild Barts Can’t Be Token,” the popular animation show delves into the world of blockchain technology and non-fungible tokens (NFTs). With unexpected
Ethereum (ETH) has experienced a surge in price, but compared to Bitcoin (BTC), it falls short in terms of gains. The current bullish trend is challenged by various factors, including uncertainty surrounding ConsenSys and regulatory pressures. Additionally, issues with decentralization and high gas fees contribute to the difficulties Ethereum faces in breaking the $1,900 resistance.
Bitcoin SV (BSV), the leading Bitcoin hard-fork project, is facing a -5% decline as the focus shifts towards an emerging Bitcoin cloud mining presale. This decline comes after BSV experienced an impressive +74% rally in October. While Bitcoin SV ranks among the top losers by market cap in the past 24 hours, its current trading
Blockchain-based startups are defying the bear market trend by securing funding, with MetaMask partner Blockaid raising an impressive $33 million in October. Despite this positive news, the overall funding in the crypto industry has dropped to levels last seen in 2020, totaling $2.1 billion over 297 deals in the third quarter of 2023, according to
Space and Time, a leading player in the data warehousing industry, has recently announced its collaboration with Google Cloud’s warehouse, BigQuery, to enable its novel zero-knowledge (ZK) proof for SQL operations. This groundbreaking development, known as ‘Proof of SQL,’ aims to provide developers with the ability to cryptographically verify the accuracy and integrity of query
Recently, Monero, a popular cryptocurrency, experienced a major setback when its community crowdfunding wallet was compromised. The attack resulted in the loss of the entire balance, which amounted to 2,675.73 Monero (XMR), equivalent to approximately $460,000. The incident occurred on September 1, but it was not publicly disclosed until November 2 by Luigi, one of
Ethereum (ETH) has been making waves in the investment world, with its price inching towards the $1900 mark. As part of the broader market rally fueled by Bitcoin, ETH has seen a 5.85% increase in the last seven days, contributing to a total price surge of 15.17% in the last four weeks. However, it is
Bitcoin, often referred to as “digital gold,” has emerged as a store of value currency and an inflation hedge, according to Jurrien Timmer, Head of Global Macro at Fidelity. In an insightful post, Timmer highlighted the striking similarities between Bitcoin and gold and suggested that both assets could be part of the same investment strategy.