Investor sentiment has always been a critical driver in the crypto space. Both positive and negative sentiment influence ongoing trends — be they price movements, product launches or regulations. In 2022, sentiment worldwide suffered as major crypto firms and ecosystems collapsed, further straining investors amid an unforgiving bear market. While many showed resilience as Terraform Labs, Celsius and Voyager, among…
The ongoing crypto winter has been painful for the entire industry, but 2022 was particularly rough for Solana. The collapse of FTX and Alameda Research, which were closely linked to and financially entrenched in the Solana ecosystem, accelerated a decline in a year marked by technical issues and high-profile hacks. Although Solana hosts a thriving NFT ecosystem and growing gaming…
Amid Bitcoin (BTC) seeing significant price increase so far in 2023, one industry executive stressed that there are some features of Bitcoin that are far more crucial than its price. Matěj Žák, the newly appointed CEO of crypto hardware firm Trezor, believes that Bitcoin-enabled financial independence is the top benefit of the cryptocurrency and it’s more important than its market.…
In round five of the legal battle between the SEC and crypto investment firm Grayscale, the latter slammed the Commission’s previous brief, indicating that the regulator’s “central premise is illogical.” Today’s reply brief responds to the SEC’s brief on December 9 and is part of ongoing litigation that Grayscale initiated in June 2022. The litigation began after the SEC denied…
Bitcoin continued to trade higher on Jan. 13, with prices racing above the $19,000 level, hitting a two-month peak in the process. The latest surge comes as traders continued to react to Wednesday’s U.S. inflation report, which dropped to 6.5%. Ethereum also rose today, hitting a fresh multi-month high. Bitcoin Bitcoin (BTC) rallied to a two-month high earlier in today’s…
The United Arab Emirates (UAE) Cabinet has decided to pass a new law that governs virtual assets, setting up the country’s initial regulatory regime for the cryptocurrency space at the federal level. Before the federal-level regulation, the UAE already introduced several supervisory initiatives for digital assets in financial free zones like the Abu Dhabi Global Market (ADGM). Last year, Dubai…
Terra Classic (LUNC), the project born out of the collapsed Terra ecosystem, is set to undergo a crucial upgrade on Saturday, with crypto exchange Binance today confirming its support for the upgrade. The upgrade is a result of the Terra Classic community voting to pass the governance proposal 11242 to eliminate the re-minting of a portion of the burnt LUNC…
The first ever fan-owned SailGP racing team has opened its doors to investors. Founded by Bernoulli | Locke, the new SailGP team will be run as a decentralized autonomous organization (DAO) on the NEAR protocol in which token holders have the right to vote on key decisions around the team’s operation. Those decisions include everything from the team name, flag…
The judge in charge of overseeing the FTX bankruptcy proceedings has given the embattled crypto exchange the approval to sell some of its assets to aid its efforts in repaying its creditors. According to a court filing, Delaware Bankruptcy Court Judge John Dorsey has approved the sale of four key units of FTX. This includes the derivatives platform LedgerX, the…
Approximately 65,000 of Oman’s residents are holders of crypto and a majority of these are either high school or college graduates, a new study by Souq Analyst has found. According to the study’s findings, an overwhelming majority (90%) of Oman’s crypto holders are aged between 18 and 44. Crypto Awareness in Oman According to the findings of a new study…
