Charles Hoskinson, the co-founder of Cardano, recently shared his thoughts on the state of the crypto industry and the future of the Cardano network. He likened Cardano to the “Taylor Swift of Blockchains,” highlighting the network’s unique position and approach in the industry. According to him, Cardano has been “doing everything right” from the beginning,
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After months of consideration, FTX has decided to forgo any plans of restarting the exchange following the bankruptcy process. The company’s legal representatives have made it clear that FTX will instead dissolve once all debts are settled. While the full repayment of creditors is not yet guaranteed, it remains an achievable goal according to Andrew
The Korea Financial Intelligence Unit (KoFIU) has recently made an announcement regarding their plans to implement a more stringent supervision of the crypto industry in South Korea. This initiative aims to enhance financial oversight and consumer protection within the fast-evolving digital asset industry. The new measures are part of KoFIU’s comprehensive strategy for 2024, developed
As the legendary Solana meme coin BONK experiences a minor localized price drop, holders are starting to question the future of this token. The recent trading volume surge for BONK, which led to it flipping Ethereum-based SHIB in 24-hour trading volume, has sparked some positive developments in the BONK ecosystem. Despite the volatile price action,
2022 was a turbulent year for Bitcoin, but industry experts are optimistic about a potential resurgence in 2024. One of the key factors driving this positive sentiment is the highly anticipated Bitcoin halving event scheduled for April 2024. This event, occurring every four years, reduces the block reward for miners by half, leading to a
In a recent turn of events, Jeffrey Wilcke, co-founder of Ethereum, made a significant deposit of 4,300 ETH to a cryptocurrency exchange. This deposit, amounting to a total of 22,000 ETH valued at approximately $41.1 million, has sparked renewed interest and excitement in the market. Despite the substantial nature of this deposit, the overall trend
Elon Musk has recently been summoned to testify in a US Securities and Exchange Commission (SEC) inquiry regarding his acquisition of the social media platform Twitter, now known as X. The court filing reveals that Judge Laurel Beeler has upheld the SEC’s authority in this matter, confirming that the subpoena serves the purpose of gathering
Cryptocurrency analyst Adam Back recently made a bold prediction that Bitcoin (BTC) could potentially reach the $100,000 price mark before the upcoming halving event in April. This forecast comes at a time when Bitcoin is recovering from a rather bearish January, with the price of BTC seeing an 11.02% increase in the last week, pushing
Bitcoin has continued its upward trend this week, reaching a new monthly peak of $48,600. After a period of stability following last week’s volatility, the bulls took over the market and pushed the price above $47,000 by the end of the week. The weekend saw even more positive movement, with Bitcoin surging to $48,600 for
The influx of Chinese Bitcoin miners in Ethiopia has raised eyebrows in the global cryptocurrency community. Drawn by the allure of cheap energy and favorable climates, these miners have found a new home in the African nation, particularly near the Grand Ethiopian Renaissance Dam (GERD). Following their displacement from China, due to strict regulations, these