Category: Latest news

[ad_1] Throughout Bitcoin’s history, it’s been the long-term holders and those with substantial BTC balances who’ve traditionally played the role of market stabilizers—accumulating during downturns and distributing when the market peaks. Their actions, often driven by experience and unwavering conviction in the cryptocurrency’s potential, have been a consistent feature in the market. However, a shift…

[ad_1] FTX is eyeing the completion of its bankruptcy process for the second quarter of next year, according to its Sept. 11 court filings. As per the filing, the firm is currently involved with ongoing negotiations and mediation with stakeholders over the coming months to resolve open plan issues involving its bankruptcy plans. FTX also…

[ad_1] As a journalist, I get hundreds of requests for interviews and articles every week. When I came across information on Randcast, I was intrigued. Most pitches for web3 gaming stories are related to new drops, updates, or partnership announcements for games I’ve never heard of. However, the academic curiosity in me perked up when…

[ad_1] Bankrupt crypto lender Celsius has proposed the appointment of Algorand’s blockchain former chief executive officer Steven Kokinos as the CEO of the new company that will take over its operations, according to court filings. Kokinos, who left Algorand in 2022, is the co-owner of Fahrenheit Holdings and Arrington Capital.  The filing described him as…

[ad_1] In a massive cross-border operation, four Chinese nationals and a Lao citizen were apprehended over their alleged involvement in a multimillion cryptocurrency scam that left a trail of devastation and losses amounting to over 2.7 billion baht ($76 million), according to the Cyber Crime Investigation Bureau (CCIB). As the Bangkok Post reported, the fraudulent…

[ad_1] Cardano’s ADA price has fallen to its lowest value in a year after slight declines in decentralized finance activity on the blockchain network. As per data from CryptoSlate, ADA is currently trading at $0.245, marking a 1.06% decline on the year-to-date metric. Interestingly, this price point represents the lowest value ADA has reached since…

[ad_1] Friend Tech (FT), the web3 social token platform that saw a resurgence in user activity recently, has seen an increase in “sniper bots,” which have been causing significant shifts in share prices. According to a detailed analysis performed by  X user @unexployed_ of Castle Capital, these bots, beyond their normally expected functionality, are deploying…

[ad_1] A new fiscal paradigm is emerging in the U.S. as the government’s interest payments outpace its defense budget for the year 2023. Data sourced from the Federal Reserve reveals an unprecedented shift with $969.9 billion spent on interest payments in Q2 2023, dwarfing the President’s FY 2023 budget request for the Department of Defense…

[ad_1] According to on-chain data, a Bitcoin user spent a staggering 19 BTC, around $510,000, in transaction fees for transferring a mere 0.074 BTC, valued at less than $2,000, on Sept. 10. The average transaction fee on the blockchain network was $2.176 as of press time, per data from ycharts.com. This means the user overpaid…

[ad_1] Friend.tech’s revenue hit $5.6 million on Sept. 9, marking a 30-day high for the recently launched blockchain social networking platform, which has regained some of its lost momentum, according to Token Terminal data. The strong revenue is driven by a steady increase in usage over the last two weeks despite a significant fall in…