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
FTX Debtors recently submitted an amended Chapter 11 reorganization plan, presenting a worrisome scenario for the creditors of the now-defunct cryptocurrency exchange. This plan, if approved, could potentially result in significant financial losses for the creditors. The proposed valuation of the creditors’ claims is based on cryptocurrency prices from November 11, 2022, the same day
FTX Debtors recently filed an amended Chapter 11 reorganization plan, which has garnered significant attention due to the potential losses it may cause for creditors. The plan proposes valuing the creditors’ claims at crypto prices on November 11, 2022, the day FTX filed for bankruptcy. Unfortunately, this particular date became notorious as it marked the
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 cryptocurrency market experienced a 3% decline in its global market cap, dropping from $1.64 trillion to $1.59 trillion. This loss in valuation had a notable impact on major cryptocurrencies like XRP, Cardano (ADA), and Shiba Inu (SHIB), each displaying mixed price actions in response to the market correction. XRP, the native crypto token of
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
Cardano (ADA) has experienced a significant surge in its decentralized finance (DeFi) space, with its total value locked (TVL) witnessing a staggering increase. From October 17 to December 15, 2023, the TVL of Cardano has risen from $188.65 million to $431.44 million, marking an impressive growth rate of over 180%. This surge in TVL showcases
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
Ethereum’s native cryptocurrency, Ether (ETH), has witnessed an impressive rebound in 2023 after enduring substantial losses throughout 2022. CoinGecko’s data reveals that ETH recently reached nearly $2,400, a significant improvement from its previous lows. However, it is crucial to note that this valuation is still a long way from its all-time high of over $4,800
