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Stablecoin TUSD Remains Below Intended $1 Peg as Avara’s GHO Surges to Near-Peg Heights
25.1.2024
Market analysis reveals ongoing stability challenges for the stablecoin trueusd in maintaining its targeted $1 peg. As of 10:30 a.m. Eastern Time (ET) on Jan. 25, 2024, the token’s trading value fluctuated between $0.979 and $0.981. Concurrently, the Aave-developed stablecoin GHO has seen...
Cardano Price Prediction as Trading Volume Skyrockets 80% – Is ADA Poised for Recovery?
24.1.2024
The Cardano price has risen by 4% in the past 24 hours, reaching $0.4728 as the cryptocurrency market recovers by a modest 0.5% today. ADA’s jump today isn’t enough to override losses over greater timeframes, however, with the altcoin still down by 10% in a week and by 21% in the last...
Socket Retrieves $2.3M in ETH Following Bungee Bridge Exploit
23.1.2024
Source: AdobeStock/Roman Samokhin Interoperable blockchain network Socket has announced the retrieval of 1,032 Ether tokens worth $2.3 million. Announcing this development on X (formerly Twitter), the protocol revealed that these digital funds were linked to the January 16 Bungee Bridge exploit...
Bitcoin Bears Eye Break Below $40K – Here’s How Low the BTC Price Could Go
19.1.2024
Image Source: Adobe Bitcoin bears are eyeing a potential break below the psychologically important $40,000 level as post-spot Bitcoin ETF approval sell pressure ramps up and macro headwinds rise. The Bitcoin (BTC) price dipped as low as the $40,200s on Friday, though has since rebounded towards...
Value of Crypto Projects in Switzerland and Liechtenstein Surges 107% YoY to $382.93 Billion: Report
17.1.2024
Switzerland and Liechtenstein’s crypto projects value surged by 107% year-over-year to $382.93 billion, led by Ethereum, amidst broader market recovery and innovation. According to a report by Swiss venture capital firm Crypto Valley (CV VC), the value of cryptocurrency projects based...
BRC-20 Inscription Growth Key for Bitcoin’s Continued Dominance in 2023 – Binance Research
15.1.2024
The cryptocurrency market witnessed a remarkable recovery in 2023 with a staggering 109% year-over-year (YoY) surge. However, what captured the attention of the Binance Research team was the notable growth of the BRC-20 token standard throughout the year. In their 140-page report, the research...
Top Crypto Gainers Today on DEXTools – BIAO, HEMULE, XFER
15.1.2024
Top Crypto Gainers Today on DEXTools While blue-chip cryptocurrencies are attempting a recovery in wake of broadly bearish price action since last Friday, $BIAO, $HEMULE and $XFER are the top crypto gainers today on DEXTools. Bitcoin (BTC) was last trading hand around $43,000, up around 3% on...
Hedera and Algorand Ecosystems Unite to Form DeRec Alliance for Decentralized Asset Recovery System
11.1.2024
Source: iStock/PeopleImages Entities from the Hedera and Algorand ecosystems, including the HBAR Foundation, Algorand Foundation, Hashgraph Association, Swirlds Labs, DLT Science Foundation, and industry partners The Building Blocks and BankSocial, have come together to establish the Decentralized...
Bitcoin Price Prediction as BTC Recovers to $43,000 – Is $50,000 in Sight?
5.1.2024
In the ever-evolving world of cryptocurrencies, Bitcoin (BTC/USD) stands out, marking significant strides in the global financial scene. As of January 5th, Bitcoin’s recovery is evident with its price soaring to an impressive $44,900, a notable 2.5% increase in just 24 hours. This remarkable...
Solana Price Prediction as Flash Crash Wiped Out $26 Million in Longs– Where Next After SOL Recovers 16% to $100?
3.1.2024
Solana (SOL), the native cryptocurrency of the high layer-1 Solana blockchain protocol, has seen a massive 16% bounce from intra-day lows in the $85 area, and was last trading slightly back to the north of the psychologically important $100 level. Despite the stunning recovery in the last...
Bitcoin’s 2023 Rollercoaster: The Most Prominent BTC Price Peaks and Troughs This Year
27.12.2023
After a tumultuous 2022 tarnished by the collapse of industry giant FTX, Bitcoin 2023 has been a rollercoaster recovery, yet, with Bitcoin (BTC) now stood atop a +160% gain year-to-date, lets take a deep-dive into how BTC price got here. January Rally: Slowing Inflation Triggered Desperate Bitcoin...
Defi Rebounds: Total Value Locked and Token Prices Surge as 2023 Marks a Year of Recovery and Growth
26.12.2023
On April 3, 2022, decentralized finance (defi) protocols held approximately $163 billion total value locked (TVL). By the start of January 2023, this amount declined to $38.30 billion. Concurrently, in April 2022, the leading defi tokens by market capitalization were collectively worth $135...
Cardano Price Prediction as Bulls Trigger a Massive Upswing – Can ADA Reach New Highs?
20.12.2023
Source: Dall•E 3 The Cardano price has dipped by 1% in the past 24 hours, following the altcoin’s strong recovery from a seven-day low of $0.551437 on Monday. ADA has risen by 7% compared to this low, while the token is up by 4% in a week and by 48% in the last 30 days, […]
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Is Cardano Going to Zero? ADA Price Slips 3% as Crypto Markets Rally – Will This Mining Protocol Go Viral?
15.12.2023
Recent weeks have seen a strong recovery by #8 ranked cryptocurrency Cardano (ADA), yet ADA Price has slipped -3% despite an impressive resurgence in the ecosystem’s valuation, leaving some dejected holders asking ‘is Cardano going to zero?’. The downtick contrasts Cardano’s...
Jack Dorsey’s Block Launches Bitkey: A New Self-Custody Bitcoin Wallet With No Seed Phrases
9.12.2023
Block, Inc. has recently introduced Bitkey, its innovative self-custody bitcoin wallet, offering a unique approach to bitcoin management. Unlike traditional wallets which rely on passwords or seed phrases, Bitkey utilizes a distinctive 2-of-3 multi-signature mechanism for recovery. Bitkey Wallet...
Safe, Sygnum Bank, CoinCover Partner to Launch Optional Crypto Recovery Hub
8.12.2023
Source: Sygnum Smart wallet infrastructure provider Safe is partnering to launch a curated suite of crypto recovery options, dubbed “Safe Recovery Hub.” The service is offered in collaboration with global digital asset banking group Sygnum Bank and the UK-regulated recovery service provider...
Bitcoin Price Breaks Through $42,000, Up 6.6% in 24 Hours
4.12.2023
Source: Pexels Bitcoin price briefly broke through the $42,000 mark earlier today, gaining 6.6% in the last 24 hours. This surge marks a recovery to levels last witnessed before the Terra crash in May 2022. Liquidations in the crypto market have concurrently spiked, with over $160 million...
Zipmex Proposes Repayment of 3.35 Cents Per Dollar to Creditors in Latest Restructuring Plan
29.11.2023
Source: Zipmex Zipmex has put forward a new proposal to repay creditors, initially offering 3.35 cents for each dollar of their claims as part of its restructuring efforts, according to Bloomberg. This initial payout is part of a broader plan to address the crypto exchange’s $97.1 million...
KyberSwap Retrieves $4.7 Million After Security Attack
27.11.2023
Source: Pixabay The decentralized exchange protocol recovered the funds following a security attack last week. After the initial attack last week, KyberSwap said that it had lost a total of $47 million from its concentrating liquidity pools. Yesterday, a portion of the funds recovery...
Bitcoin Price Prediction as BTC Surges Above $38,000 for First Time Since May 2022 – Is $40,000 Next?
25.11.2023
As Bitcoin price breaks the $38,000 barrier for the first time since May 2022, the crypto community is abuzz with anticipation: could $40,000 be the next milestone? Currently trading at $37,790, marking a 1.25% increase on Saturday, Bitcoin is showing signs of a robust recovery. This resurgence...