Crypto news

Gemini’s bankrupt crypto lending arm has successfully recovered virtually all of its customers’ digital assets, marking one of the most successful industry recoveries from insolvency to date. The crypto exchange, founded by billionaire entrepreneurs Cameron and Tyler Winklevoss, announced on Wednesday that Gemini Earn customers had “received $2.18 billion of their digital assets in kind.” Gemini Earn’s Full Recovery “This means, for example, that if you had lent one bitcoin...

Long-term Bitcoin holders – those holding BTC for over 1-2 years – tend to sell portions of their holdings during bullish price phases when bitcoin’s price is rising. This selling behavior was observed from early 2024 through April. However, holders with Bitcoin UTXOs (unspent transaction outputs) older than 3 years continued to accumulate more BTC supply, indicating strong long-term bullish sentiment among this cohort. Diverging Behavior Among Long-Term Bitcoin Holders...

Former FTX co-CEO Ryan Salame was sentenced yesterday to 90 months in prison, according to Damian Lewis, the United States Attorney for the Southern District of New York. Salame previously pled guilty to conspiring to make illegal political contributions and defraud the Federal Election Commission and to conspiracy to run an unlicensed money-transmitting business before US District Judge Lewis A. Kaplan, who handed down today’s sentence. Ryan Salame’s Sentencing As per the...

Nearly a year after launching on Ethereum, PayPal’s stablecoin PYUSD is being introduced on the Solana blockchain. This move will enable users to choose between multiple blockchain networks, providing greater flexibility and control over their transactions and holdings. PayPal Brings PYUSD to Solana According to the official announcement, PayPal highlighted Solana’s ability to handle a massive volume of transactions at high speeds and extremely low costs as a key driver...

TL;DR The price of one frog-themed cryptocurrency rose 130% in the past month, hitting an all-time high of $0.09 and a market capitalization of $900 million. Analysts predict further gains and a potential market cap surge towards the $1.5 billion mark. The Next Crypto Sensation? The ever-evolving meme coin sector spews new tokens quite frequently, with some capturing the attention of industry participants and turning into major trends in a short period of time. One...

A constant consolidation near the substantial resistance region of $7.4 indicates an ongoing battle between Polkadot buyers and sellers. Nevertheless, the market is in a critical spot, with the upcoming price action shedding light on DOT’s future prospects. Technical Analysis By Shayan The Daily Chart A detailed examination of Polkadot’s daily chart reveals an uncertain market state, as the price has been hovering around a crucial resistance marked by the $7.4 level and the...

Bitcoin’s price has yet to break out of the large descending channel and move toward a new record high, but a further rally is highly probable. Still, BTC failed to overcome the psychological $70,000 line earlier this week decisively. Technical Analysis By TradingRage The Daily Chart On the daily chart, the asset has been rallying recently since a rebound from the lower boundary of the descending channel and the $60K support level. Yet, the higher trendline of the channel has...

[PRESS RELEASE – Tel-Aviv, Israel, May 29th, 2024] Addressable has released the results of a case study showing the efficacy of Web3 user acquisition on Twitter (X) as a part of a Polkadot marketing push. The data shows Addressable’s methodology to be significantly more accurate than Twitter’s native solution for reaching web3 users. Developed to help web3 businesses attract and convert web3 users, Addressable provides optimized campaigns that allow crypto companies to grow...

[PRESS RELEASE – London, United Kingdom, May 29th, 2024] HegeCoin ($HEGE), the first story-driven memecoin launched two months ago is embarking on the next phase of its growth strategy with two major developments, bringing its characters to life with the latest Generative AI technologies and launching a 13+ channel marketing push. HegeCoin was launched on Solana by a leading creative branding designer who utilizes his knowledge as well as industry connections to create...

The Technological advancement of the Cryptocurrency ecosystem continues to take new dimensions as it sees new innovations and opportunities for investments. According to the crypto forecast, Ethereum’s top target is set at $10,000, Solana at $300, and Algotech at $10, these three have been considered the top most promising investment opportunities after the AI Exchange launch.  Ethereum Top Target Set at $10,000 As Ethereum is set for $10,000, the ETH price is engineered by various factors....