Ethereum founder Vitalik Buterin showed sympathy for competitor Solana (SOL) in a Dec. 30 tweet. He said that “smart people” tell him that Solana has “an earnest smart developer community,” and suggested that the opportunists who were involved with the project in the past have been “washed out.” Buterin also expressed hope that the Solana community “gets its fair chance…
A group of FTX customers located outside of the United States has asked the court overseeing the cryptocurrency exchange’s bankruptcy case to have their names withheld, court documents show. The 15 creditors—who say they are collectively owed $1.9 billion by FTX—said in a Wednesday filing that they wanted to remain anonymous because “cryptocurrency holders are particularly susceptible to fraud and…
At the end of 2021, a myriad of people thought a handful of smart contract platform tokens, often referred to as ‘Ethereum killers,’ would flip the second-largest crypto asset in terms of market capitalization in 2022. As 2022 comes to an end, statistics show that none of the so-called ‘Ethereum killers’ have surpassed the leading smart contract platform token, and…
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. For DeFi, the last week of 2022 saw another slew of exploits, insider job accusations and exit scam drama. It all started on Christmas, when Defrost Finance, a decentralized leveraged trading platform on the…
Long before collections like CryptoPunks and CryptoKitties and the OpenSea marketplace helped popularize non-fungible tokens on Ethereum—even before the term “NFT” ever existed—an ecosystem for verifiably unique digital assets was already thriving on Bitcoin, circa 2014. Counterparty is the platform that helped catalyze this innovation for the world and spark a multibillion-dollar industry. The platform uses Bitcoin’s technology to power…
Business intelligence firm MicroStrategy is showing no signs of backing down on its Bitcoin gambit. Right around the time that Sam Bankman-Fried was being exposed as a fraud, MicroStrategy was scooping up more Bitcoin (BTC) — this time, the firm bought as close to the bottom as it’s ever gotten. While Bitcoin can always go lower, seeing a MicroStrategy buy…
The collapse of FTX Group may not yet be the end of its contagious spread, as clawback provisions could force business and investors to return billions of dollars paid in the months leading up to the crypto exchange’s collapse, an insolvency attorney told Cointelegraph. In short, a clawback refers to money paid out that is required to be returned due…
To put it lightly, it has been a wild year for the crypto sector. In the span of less than 12 months, the third-most valuable stablecoin imploded, leading to a domino effect that saw crypto lender Celsius go bankrupt, Three Arrows Capital’s founders go runabout and one of crypto’s most “altruistic” executives flown home in cuffs. In this article, Cointelegraph…
Bitcoin and select altcoins remain under pressure as bounces off support levels are being sold into. Source: https://cointelegraph.com/news/price-analysis-12-30-btc-eth-bnb-xrp-doge-ada-matic-dot-ltc-uni
According to an analyst on Dec. 29, 2022, the disgraced co-founder of FTX, Sam Bankman-Fried (SBF), may have cashed out $684,000 in crypto assets while under house arrest. If the funds were spent by SBF, it goes against the court’s release conditions that note the former FTX executive is not allowed to spend more than $1,000 without permission from the…
