In a significant move aimed at mitigating creditor losses, FTX has resolved its lawsuit against Bybit, along with the latter’s executives and investment arm, Mirana Corp. This settlement, amounting to approximately $228 million, is pivotal for the beleaguered exchange as it strives to repay its creditors following its notorious collapse in late 2022. The lawsuit,
Bitcoin has long captured the attention of both investors and analysts, and a new technical pattern has emerged that could signal exciting times ahead for the leading cryptocurrency. The “Bird Beak Sign,” as identified by prominent crypto analyst Trader Tardigrade, appears poised to potentially push Bitcoin to unprecedented price levels. This article dissects this new
Ethereum, often touted as the second pillar of the cryptocurrency universe after Bitcoin, is currently facing significant challenges in its market performance. While Bitcoin achieved a remarkable new peak, soaring above $70,000 earlier in the year, Ethereum struggled against a ceiling at $4,000. Despite managing to break this threshold temporarily, ETH could only muster a
The GameFi sector is on the brink of a remarkable transformation, heralded by projections indicating an annual growth rate of 68%. Analysts from Nansen suggest that by 2030, this dynamic market could burgeon to a staggering $301.5 billion. This anticipated growth momentum reflects not only an increase in user engagement but also a broader shift
In a notable move that intertwines art and technology, Tether, the leading stablecoin issuer globally, has collaborated with the authorities in Lugano, Switzerland, to introduce a statue dedicated to the enigmatic figure behind Bitcoin, Satoshi Nakamoto. This unveiling took place during the third edition of the Plan ₿ initiative forum, marking a significant moment in
In a groundbreaking announcement on October 24, Kraken, one of the prominent players in the cryptocurrency exchange arena, revealed its intention to launch Ink, a new layer-2 network on Ethereum, utilizing the Optimism Superchain infrastructure. This initiative marks a significant transformation from Kraken’s current centralized exchange model, aiming to empower users with the ability to
In the rapidly evolving landscape of digital currencies, the Satoshi Action Fund is making strides to secure legal protections for Bitcoin self-custody at the state level. This movement draws inspiration from the strategies employed by the cannabis industry, which has successfully navigated federal prohibitions through state-sanctioned initiatives. The crux of this argument is simple yet
Bitcoin (BTC) has recently showcased an unprecedented dominance in the cryptocurrency market, signifying a shift in power dynamics within the digital asset ecosystem. Currently, Bitcoin’s market capitalization stands at an astonishing $1.34 trillion, vastly eclipsing that of its nearest competitor, Ethereum (ETH), which languishes at around $305 billion. This stark contrast translates into a remarkable
In recent times, the cryptocurrency market has demonstrated a stark contrast between the behaviors of retail and institutional investors, particularly with Bitcoin. While institutional interest appears to be escalating, the enthusiasm among retail investors is apparently waning. According to data from CryptoQuant, the holdings of retail Bitcoin investors are exhibiting an alarming deceleration. Despite Bitcoin’s
Semilore Faleti’s journey into the world of cryptocurrency journalism illustrates a significant narrative of specialization and expertise. Initially, a generalist writer exploring various subjects, Semilore’s passion for the complications inherent within blockchain technology and digital currencies has allowed him to carve a niche that is both unique and impactful. His affinity for cryptocurrency stems not