It’s been a rough holiday season for Solana. After struggling to recover from debilitating damage wrought on the network by the stunning downfall of one of its most prominent backers, disgraced FTX founder Sam Bankman-Fried, Solana has now suffered a significant hack to one of its largest DeFi protocols. Early Friday, Solana DeFi protocol Raydium announced that a hacker had…
Amid the market chaos within the crypto economy and following the climactic FTX collapse, the crypto asset solana has been one of the hardest hit during the last 30 days. Since FTX’s fallout, the digital currency lost 8.5% over the last month against the U.S. dollar and to date, it’s down 94.9% since the all-time high solana reached on Nov.…
Ether (ETH) price is down on Dec. 16 and the pre-FOMC rally to $1,350 was obliterated after Federal Reserve chair Jerome Powell issued hawkish statements following a 0.50% hike in interest rates. The Ether sell-off follows a market-wide decline that has sent Ethereum network fees plummeting by 39.90% in the past 30-days. Daily Ethereum network fees and daily active users.…
press release PRESS RELEASE. INTERNET CITY, DUBAI, Dec 16, 2022 – LBank Exchange, a global digital asset trading platform, has recently launched ApeCoin (APE) staking in its “Earn” – “Flexible” section, users will be able to earn APE token with an annual return of 175% (floating adjustment), and withdraw anytime without locking. APE Staking Is the New Trend Recently, ApeCoin…
In brief Donald Trump’s Polygon NFT collection sold out in less than a day, and secondary sales are currently topping the NFT market. The project was widely mocked on Thursday, but some buyers apparently purchased them as a joke. Despite incredulous mocking and criticism, the first official NFT collection from former United States President Donald Trump has sold out in…
The winners for the third season of Tron’s 2022 Grand Hackathon have been revealed, with the successful projects sharing a prize pool of $1.2 million. With over 1,100 participants forming over 270 teams across six tracks, picking a winner from among “lots of talented projects” was a challenge, said Tron DAO’s director of ecosystem development Dave Uhryniak. The prize pool…
Bitcoin (BTC) looked set to ditch $17,000 after the Dec. 16 Wall Street open as United States equities continued to fall. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: $240BNB “has nothing but air below it” Data from Cointelegraph Markets Pro and TradingView tracked new intraday lows of $16,743 for BTC/USD on Bitstamp. The pair had abruptly dived nearly 3%…
A judge today agreed to allow media organizations to intervene in the FTX case and argue to have creditors names revealed. Judge John Dorsey, who is overseeing the case, said at a court hearing Friday that he would allow the New York Times, Dow Jones, Bloomberg, and the Financial Times to make their cases heard in January. At the previous…
A lawyer representing provisional liquidators overseeing FTX’s assets has pushed back against allegations officials in the Bahamas were using the collapse of the crypto exchange to benefit its residents first. In a Dec. 16 hearing for FTX Trading’s bankruptcy proceedings, White & Case partner Jason Zakia said allegations made by debtors concerning FTX assets and Bahamian authorities were “wholly without…
Stablecoin platform TrueUSD (TUSD) has announced the launch of its latest stablecoin, TCNH, on the Tron blockchain. TCNH is pegged to Offshore Chinese Yuan (CNH) at a 1:1 ratio. Offshore currencies are stored and traded outside the issuing country and are often used as foreign exchange reserves, or for international investments or settlements. They are also not subject to the…
