Crypto news

Solana’s native SOL token was one of the best-performing crypto assets in 2023. The developer ecosystem of the Layer 1 network also showed consistent growth during the same period. In the same timeframe, the Solana ecosystem saw a notable increase in developer retention, jumping from 31% to more than 50% within a three-month timeframe. This improved retention was attributed to several factors, including advancements in developer onboarding, the growing appeal of the Solana...

TL;DR Solana’s native token SOL had a remarkable 2023, surging over 1,000% and exceeding $100. Analysts on Twitter, like Ali and JAKE, foresee potential SOL gains within the following months. Trader Alex Krüger suggests the possibility of a Solana ETF in the US next year, which could attract more capital into the ecosystem. Is SOL Ready for a Further Rally? SOL performed exceptionally last year, skyrocketing by over 1,000% and surpassing the $100 mark. Numerous experts...

TL;DR Meme coins are in the spotlight due to market changes, and their success in 2024 is uncertain and influenced by various factors. Positive trends in the broader crypto market, including Bitcoin-related developments and social media hype, could impact meme coins’ performance. Newer meme coins like Bonk Inu and dogwifhat have seen growth, with their future potentially linked to the overall performance of Solana. Will Meme Coins Flourish This Year? Meme coins have been...

Bitcoin has calmed at around $43,000 after the recent volatility propelled by the US Securities and Exchange Commission and the launch of 11 spot ETFs. On a weekly scale, though, BTC is in the red, unlike most cryptocurrencies, such as ETH, which has soared by double digits. BTC Down on ETF Approval Week After years and years of delaying and rejecting countless applications, the US securities regulator finally greenlighted spot Bitcoin ETFs on Wednesday, and the products...

TL;DR Analysts remain optimistic about Cardano’s ADA, predicting serious gains throughout the ongoing year. Predictions include potential short-term targets of $1 and even higher values, influenced by upcoming market events like the Bitcoin halving. Is It Time for ADA to Shine? Cardano’s ADA has performed quite well in the last quarter of 2023, with some analysts envisioning an even greater rally throughout 2024. The host of the educational YouTube channel Coin Bureau is...

The dApp industry experienced unprecedented growth, with DappRadar’s 2023 Industry Report revealing a 124% year-over-year increase in Unique Active Wallets (UAW). The report provides an overview of the dynamic landscape, shedding light on key NFTs, DeFi, and blockchain gaming trends. Blockchain Games Dominate Blockchain-powered games took the lead in dApp activity with a dominance of 34%, boasting an average of 1.1 million UAW by year’s end. NFT collections and DeFi sectors...

A father-son duo, residents of Maryland, have been sentenced for their involvement in a dark web drug trafficking and Bitcoin money laundering scheme. Joseph Farace, aged 72, was sentenced to 19 months in federal prison on January 8 for aiding his son, Ryan Farace, aged 38, in the laundering of Bitcoin proceeds from illicit drug sales. Bitcoin Laundering Scheme Unearthed in Maryland A previously convicted felon, Ryan Farace, was sentenced to 54 months in federal prison,...

More than 30% of blockchain games announced in 2023 have been reported as discontinued or canceled, as per the data provided by the Big Blockchain Game List. As of January 2024, the list encompasses 911 games, with 334 currently live and 577 still in development. Blockchain Games Face High Discontinuation Rate Out of the cumulative 1,318 blockchain games ever listed since the initiative’s launch in 2021, a significant 31%- equivalent to 407 games – now are categorized as...

In its recent report, the Commodity Futures Trading Commission (CFTC) underscored a fundamental issue within DeFi systems, pointing to the absence of clear lines of responsibility and accountability intentionally overlooked by certain industry structures. The report emphasized the substantial risks that DeFi systems pose to consumers, investors, financial stability, market integrity, and the fight against illicit finance. The central concern is the lack of a well-defined...

Arguably the most anticipated development in the cryptocurrency industry over the past decade became reality earlier this week when the US Securities and Exchange Commission greenlighted numerous spot Bitcoin ETFs. 11 such products reached the markets on Thursday, and the volumes exceeded $4 billion on the first trading day. Amid this, BTC faced mindblowing volatility that included a price dump from over $49,000 to under $42,000. Was it Bound to Happen? Bitcoin skyrocketed to...