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
Bitcoin made an ambitious move towards the $43,000 mark over the weekend but fell short, ultimately settling around $42,000. While the primary digital asset experienced a slight dip in price, altcoins such as Shiba Inu and Internet Computer managed to secure notable gains. This fluctuation in the market highlights the volatility that has come to
The price of Optimism’s native token, OP, has been facing challenges in maintaining its recent bullish momentum. Despite experiencing a significant rally, with the price going from a low of $1.2 to a high of nearly $2.5, the cryptocurrency has encountered a pullback. While OP has managed to retain a majority of its profits, it
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
