Author: e_cash_top

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[ad_1] Terra Classic (LUNC) surged over Boxing Day, triggering a market cap spike above $1 billion. A local bottom in market cap valuation was found at $763 million on Dec. 21. Since then, buying activity has led to an uptrend that accelerated into a sharp, near-vertical movement on Dec. 26. The spike peaked at $1.09…

Ethereum L2 language Cairo’s TVL surpasses Solana’s Rust

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[ad_1] Programming language compiler Cairo is now the third largest smart contract language by total value locked (TVL), according to DeFiLlama data. As of Dec. 26, Cairo has a TVL of $418.23 million. In comparison, the programming language of layer1 blockchain networks like Solana’s (SOL) Rust has a TVL of $396.22 million, while Cardano’s (ADA)…

The bullish case for Bitcoin as 2022 comes to an end

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in Uncategorized

[ad_1] The price of Bitcoin (BTC) saw drastic falls throughout 2022 and is trading at $16,877.39 as of press time — down more than 66% from its all-time high price of over $68,000 in November 2021. Most investors consider price as the most important metric of growth. While the price of Bitcoin gives little reason…

Increase in transactions, new collaborations, and more

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[ad_1] Despite the troubles that came with 2022 for the crypto space, Polygon enjoyed steady growth in many sectors, with record numbers of transactions and new collaborations. THE YEAR OF…📢 Announcements🛠 Building🌐 Developers🤝🏿 Community🚀 DeFi WHEN BUILDING DELIVERS.2022 #onPolygon pic.twitter.com/c42hm3u081 — Polygon – MATIC 💜 (@0xPolygon) December 20, 2022 As reported, Polygon facilitated over 960…

450K BTC moved to cold storage in 2022

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[ad_1] Glassnode data analyzed by CryptoSlate shows that 450,000 Bitcoin (BTC) held on an exchange or a hot wallet before 2022 have been moved to cold storage throughout the year. In the last 12 months, the market has seen multiple black swan events that led to around 550,000 BTC abandoning exchanges’ reserves. On more than…

Vauld says Nexo acquisition has broken down

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[ad_1] Acquisition talks between Vauld and its potential buyer, Nexo, have broken down, according to a report published by Bloomberg on Dec. 26. Vauld was one of several cryptocurrency lending and borrowing companies that suspended withdrawals this summer due to a widespread liquidity crisis. The firm halted services on July 4 and filed for creditor…

Palau reportedly partners with Ripple to launch national stablecoin

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[ad_1] Island country Palau partnered with crypto technology company Ripple to develop a national stablecoin for the country, as reported by Wu Blockchain. The country’s President, Surangel Whipps Jr, virtually joined a panel on web 3.0, Metaverse, and the future of blockchain. He talked about the country’s digital residency policy and national stablecoin project. National…

Defrost finance says it has recovered lost funds worth $12 million from hacker

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[ad_1] Decentralized leverage trading platform on Avalanche, Defrost finance reported that all the funds lost due to an exploit on its platform on Dec. 23 were returned on Dec. 26 after claims of a possible rug pull. The hacked funds have been returned to #DefrostFinance. The affected users will very soon be able to claim…

Japan to lift ban on foreign-issued stablecoins in 2023

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[ad_1] Japan’s Financial Service Agency (FSA) will lift the ban on the local distribution of foreign stablecoins like USD Coin (USDC) in 2023, Nikkei reported on Dec. 26. According to the report, international remittances may become faster and cheaper if stablecoin usage spreads. Local exchanges would be allowed to handle foreign stablecoin transactions “under the…

Cryptocurrencies are outpacing inflation – but traditional assets are not

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