Decentralized exchanges (DEX) on the Solana blockchain have experienced significant growth, surpassing the trading volume of Ethereum for the first time on December 16. This development highlights the increasing adoption and strength of Solana’s smart-contract-enabled ecosystem. Although Ethereum has since regained its dominance, the brief flip serves as a testament to the flourishing decentralized finance
The cryptocurrency markets have experienced a recent surge, which has spilled over into the realm of decentralized finance (DeFi). While decentralized exchanges (DEX) have historically lagged behind centralized exchanges (CEX) in terms of trading volume, the recent market rally has led to increased activity in DEXs. Major platforms such as Uniswap and Curve on the
The price of Bitcoin has been a topic of constant speculation and debate among cryptocurrency enthusiasts. As we enter the new year, experts have begun to make their predictions for Bitcoin’s performance in 2024. In this article, we will analyze the forecasts made by Ryan Lee, the chief analyst of Singaporean exchange Bitget, and examine
In a shocking turn of events, the United States Department of Justice (DOJ) has recently indicted two individuals for orchestrating a massive cryptocurrency Ponzi scheme. David Gilbert Saffron, a 51-year-old from Australia, and Vincent Anthony Mazzotta Jr., a 52-year-old from California, are being accused of defrauding investors of a staggering $25 million. The alleged scheme
VeChain (VET), like many other cryptocurrencies, has experienced its fair share of price volatility throughout the year. Starting the year with a value of $0.01579, VET quickly surged by 101% in just two months, reaching a high of $0.03186 in February. However, it then went on a downtrend, hitting a low of $0.01477 later in
In a recent letter addressed to Senator Cynthia M. Lummis and Congressman J. French Hill, Tether, the world’s largest stablecoin issuer, revealed that it had frozen 326 wallets containing $435 million worth of Tether (USDT) to assist law enforcement authorities in the United States. This move was in response to concerns raised by Lummis and
The cryptocurrency industry has long been plagued by the issue of hacking, with billions of dollars in digital assets being stolen annually. However, a recent research study conducted by TRM Labs has revealed a significant downturn in hack volumes in 2023. Compared to the previous year, there was a more than 50% reduction in the
Polygon (MATIC) has experienced a decline following Bitcoin’s pullback, which has led to a certain level of concern among investors. However, upon careful analysis, there are indications that MATIC could soon see an upward movement. Crypto analyst JB, in a video shared on the Cheeky Crypto YouTube Channel, pointed out that MATIC’s decline to a
Cryptocurrency exchange-traded funds (ETFs) are gaining significant attention this season as traditional finance companies are seeking regulatory approval to introduce more of these investment vehicles to the market. The latest player in this space is First Trust, an asset management firm looking to create a unique Bitcoin ETF. Unlike traditional spot products, First Trust aims
Tether, the company behind the largest stablecoin, has taken the initiative to address concerns raised by Senator Cynthia Lummis and Rep. French Hill regarding the alleged use of stablecoins in illicit activities such as funding terrorism and money laundering. The company has released two letters sent to the US Senate Committee on Banking, Housing, and