In a notable move, Michael Egorov, the founder of Curve Finance, purchased 1.08 million CRV tokens worth roughly $1.2 million. This significant buyback comes after a period of relative inactivity and is Egorov’s first major CRV purchase since the liquidation event on June 13th. Egorov’s purchase has sparked interest and ... Read more
Avalanche, a leading blockchain platform, has finally unveiled its highly anticipated upgrade. Dubbed Avalanche 9000, this latest iteration includes a host of improvements designed to enhance the platform’s scalability, security, and user experience. One of the key features of the upgrade is the introduction of the Etna module. This innovative ... Read more
Solana (SOL) holds firmly at its crucial support level, showing resilience amid slight market fluctuations. Over the past week, SOL slipped marginally by 0.54%, yet its stability between $200 and $263 over the past month reflects strong range-bound momentum. As Bitcoin surges toward new highs, driving the overall market sentiment ... Read more
The U.S. Financial Accounting Standards Board (FASB) has officially established new fair value accounting standards regarding Bitcoin, according to the report. These in-force regulations postulate that companies should record their cryptocurrency holdings at their fair market value, updating this during each financial reporting period. This approach enables businesses to account ... Read more
Justin Sun, has generated attention in the crypto space with his proposal for buying as much as 53,000 Ethereum. This comes as Ethereum remains stable at around $4,000 after having climbed by 2.53% in the last day. The announcement has elicited mixed reactions especially in the recent past when Sun ... Read more
XRP is in the middle of a short-term correction at the moment and trading at $2.39, a 1.44% reduction in the last day. This comes after the market decreased by 0.30% in the last one week and herein lies the worry among some investors. Despite the current short-term challenges some ... Read more
Ripple’s newest stablecoin RLUSD has generated significant buzz since its launch. While the stablecoin project holds promise, industry experts caution against impulsive buying decisions, as initial market dynamics may lead to temporary price fluctuations. First is the supply crunch possibility. In the early stages of a stablecoin’s launch, supply shortages ... Read more
In a shocking turn of events, an Uber driver impersonator in Scottsdale, Arizona, has been arrested for allegedly masterminding a sophisticated crypto heist, stealing a combined $300,000 from two unsuspecting passengers. This incident underlines the vulnerabilities of both digital and physical security in the cryptocurrency age. According to a Dec. ... Read more
Chromia (CHR) is positioning for a strong price increase after a recent pullback, and the altcoin is now positioned at the cusp of a breakout. With the broader cryptocurrency market now in a phase of adoption, propelled by Bitcoin’s recent surge to new all-time highs, altcoins such as CHR are ... Read more
Michael Saylor, the mastermind behind MicroStrategy’s Bitcoin strategy, hinted at another purchase over the weekend. In a December 15 post, he implied a new acquisition by questioning the absence of a “green dot” on the SaylorTracker chart, sparking speculation of Bitcoin purchases above six figures as per CoinGecko data. MicroStrategy’s ... Read more
