Crypto news

A Nansen analyst recently published a report diving deep into the Solana ecosystem, exploring the on-chain data, network developments, and other findings. As per the findings, amidst challenges like network halts and the FTX/Alameda saga, the Solana blockchain shows significant resilience and continuous improvements, achieving a 100% uptime year-to-date. Solana’s Performance Till Date The report shared via an X thread by Nansen on Oct. 5 began by highlighting the current TVL...

In a recent post on the social platform X, Ross Ulbricht, the founder of the infamous darknet marketplace Silk Road, revealed that he has now spent an entire decade in prison. Ulbricht, currently serving a double life sentence, has been controversial since his arrest in 2013. Debate Erupts Over Ulbricht’s Punishment On Oct. 2, Ulbricht took to social platform X to share that he has now endured ten years of imprisonment, expressing his fear that he would spend his remaining...

Bitcoin’s price movements have calmed quite a bit following the enhanced volatility experienced on Friday. Most altcoins are in a similar state, with minor moves south. Avalanche has declined most today but still stands above $10. BTC Calms at $28K It was just about a week ago, on Sunday evening/Monday morning, when the primary cryptocurrency started a massive leg up that resulted in surging by over $1,500. This culminated in a 6-week peak at $28,600 (on Bitstamp) on Monday...

In a heartwarming tribute to one of the internet’s most iconic dogs, the Dogecoin community fundraised for a bronze statue of Kabosu, the Japanese Shiba Inu that inspired the beloved Doge meme and the Dogecoin cryptocurrency. The crowdfunding campaign, launched on Kabosu’s 17th birthday on Nov. 2, 2022, will end with the unveiling of the dog statue in Sakura Furusato Square at the beginning of November this year. Dogecoin Community’s Dream of Kabosu Statue Comes True...

TL;DR Ripple’s trial against the SEC in April 2024 is pivotal for XRP’s price. Partnerships with banks like HSBC and macroeconomic factors will impact its valuation. XRP is currently more trending than Bitcoin due to recent legal victories. Could XRP Thrive Next Year? The popular AI-powered language model ChatGPT could not directly answer the question of whether the Ripple community will witness a price surge of XRP in 2024. However, it pinpointed several factors that could...

After a period of sustained upward momentum characterized by higher highs and higher lows, the price has reached a critical resistance zone where the 100 and 200-day moving averages intersect. This is a crucial juncture where the price could either undergo a pullback and enter a downtrend or break through the zone and aim for the $30K mark. Technical Analysis By Shayan The Daily Chart Analyzing the daily chart, Bitcoin went through a consolidation phase around the $25K mark...

September of 2023 was a great month for Bitcoin mining companies. While the crypto world has been focused on the high-profile court cases regarding SBF and Celsius’ Mashinsky, Bitcoin miners have steadily been improving their hash rates, promising a greater future supply of the first cryptocurrency. News of record outputs from three Bitcoin mining firms coincides with reports of Kraken witnessing a 5-year ATH of BTC inflow and a 506.06M hash rate spike in mid-September,...

Galxe, a Web3 credential project, instructed users not to interact with the platform following a security breach on its website. Meanwhile, on-chain sleuth ZachXBT says the hackers are likely the same as the rogue actors that recently attacked Balancer’s front end. Galxe reported the security incident via its official X handle on October 6, asking users not to visit the compromised site until the issue was resolved. 🚨Update: We’ve detected a security breach affecting the DNS...

The hacks against cryptocurrency projects continue in full force, with the latest victim being the Avalanche-based social app – Stars Arena. According to early estimations, the perpetrators have swiped almost all funds (roughly $2.9 million in AVAX) from the platform, which later apologized and raised hopes to make users whole again. Launched about a week ago, Stars Arena quickly garnered the community’s attention, perhaps due to its many similarities to the Ethereum-based...

TL;DR XRP’s price has been volatile due to Ripple’s ongoing legal battle with the SEC, with recent highs around $0.85 and later $0.55. Analysts provide varied future predictions for XRP: EGRAG CRYPTO at $27, Oaksacorn at $43, and Collin Brown at $10 if Ripple pursues an IPO. Shannon Thorp’s extreme forecast suggests a potential rise to $500 for XRP, a significant leap from the industry’s current market capitalization. Some Shocking XRP Forecasts The native token of Ripple –...