Day: December 26, 2023

Mt. Gox Repayment Rumors Cause Bitcoin Price To Drop To $42,000, Market In Turmoil

boss

Mt. Gox, the infamous Bitcoin exchange that suffered a major hack over a decade ago, has allegedly finally begun the process of repaying its customers for the 850,000 lost Bitcoin. This news has sent shockwaves through the market, causing a momentary disruption in the Bitcoin price uptrend. As a result of these developments, the current price of Bitcoin stands at $42,625, with a 24-hour trading volume of $22,655,498,534.64.  However, the market has witnessed a -2.40% decline in the past 24 hours, reflecting the uncertainty caused by the Mt. Gox repayment…

Digital Asset Inflows Cross $103 Million In One Week

boss

Inflows into crypto investment funds have resumed after a brief hiatus two weeks ago, as evidenced by CoinShares’s latest analysis. According to James Butterfill, Head of Research at CoinShares, digital assets saw a net inflow of $103 million last week, as the wider crypto industry went through a few days of bullish sentiment. This is particularly exciting, as it signaled a change from the net outflows in digital asset investment funds witnessed two weeks ago.  Crypto Fund Inflows Surge To $103 Million Crypto asset investment funds witnessed a minor net…

Solana price prediction: analyst shares his forecast

The analyst says Solana is stuck between support at $110 and resistance at $120 as it trades in a rangebound state. In his latest YouTube video on Dec. 26, the analyst behind the popular Cilinix Crypto channel shared his thoughts on recent price action in the Solana (SOL) market. He believes the altcoin remains fundamentally strong, but traders should remain patient amid questionable year-end trading conditions. Speaking to his viewers, the analyst said Solana is currently rangebound between support at $110 and resistance around $120. Yesterday, Solana briefly broke above…

These Top 13 Airdrops Distributed Over $4 Billion

boss

023 has emerged as a significant year for crypto airdrops. A recent analysis revealed that out of the 50 most substantial crypto airdrops since 2020, 13 occurred in 2023, collectively distributing roughly $4.56 billion worth of tokens. These figures are calculated based on the tokens’ values at their respective all-time highs (ATHs), painting a picture of substantial distribution. The year 2023’s airdrop landscape was less crowded than 2021, which had 18 entries in the top 50, but the impact was notable. A report from CoinGecko highlights this trend shift, contrasting…

Binance debuts new web3 AI gaming platform

Binance has introduced Sleepless AI as the 42nd project on its Launchpool.  Sleepless AI is a web3 and AI-integrated gaming platform offering a new interactive gaming experience. The platform allows users to engage with AI-based features in a game setting. The platform will go live tomorrow, enabling users to stake BNB, FDUSD, and TUSD to earn AI tokens over a seven-day period. The AI tokens will be tradable on Binance starting Jan. 4, with several trading pairs available, including AI/BTC and AI/USDT. The total supply of AI tokens is set…

A Crypto Christmas Special With Material Indicators: Past, Present, And Future

boss

Nobody could argue that 2022 was anything but a bear market. After Bitcoin reached an ATH in November of 2021 we saw the bear market develop in classic fashion by losing support at key technical levels. While the bear was playing out in somewhat predictable fashion, the market was caught off guard by the events that led to the FTX crash in November 2022. Because the contagion from FTX had a devastating ripple effect that was felt by the largest institutions with crypto exposure as well as banks, I actually…

what happened to FTX and Sam Bankman-Fried in 2023

Explore the comprehensive breakdown of what happened to FTX in 2023: from Sam Bankman-Fried going to jail to his ex-girlfriend’s confessions. The crypto industry has always been filled with captivating stories of massive success, overnight failures, notorious scams, and overwhelming frauds. However, very few stories have impacted the world of cryptocurrency and finance as much as the dramatic rise and fall of FTX. The FTX saga was unveiled under the leadership of Sam Bankman-Fried, a young entrepreneur who rapidly ascended to the upper echelons of the crypto world. It is…

Bitcoin Millionaires Rise By 246% In 2023, Here’s How Many There Are

boss

Bitcoin’s resurgence in 2023 has created wealth for many crypto investors, as there has been a significant rise in the number of Bitcoin millionaires. These Bitcoin millionaires happen to be wallet addresses whose BTC holdings equal $1 million or above.  Number Of Bitcoin Millionaires According to data from BitInfoCharts, there are currently 97,497 Bitcoin millionaires. This represents a significant increase from the beginning of the year when the number of wallet addresses equal to $1 million and above stood at 23,795, according to data from Glassnode.  This development is attributed…

Changpeng Zhao tops list of crypto billionaires despite legal woes

Former Binance CEO Changpeng Zhao might face prison after admitting to criminal charges in the U.S., but his fortune remarkably increased to over $37 billion. The bounce-back of Bitcoin, which surged over 160% after a tough 2022, played a significant role in driving his net worth. Zhao now leads the pack among cryptocurrency entrepreneurs who have seen their fortunes swell this year. According to the Bloomberg Billionaires Index, this list includes notable names like Coinbase CEO Brian Armstrong and Tyler and Cameron Winklevoss. The ex-Binance CEO ranks 35th on the…

Were NFTs a fad, and is it worth investing in them now?

From record-breaking sales in 2021 to a major market cooldown and reduced transaction values in 2023. What’s happening in the NFT market? The world of non-fungible tokens (NFTs) has seen dramatic ups and downs since they first appeared. NFTs started as an idea called “colored coins” on the Bitcoin (BTC) blockchain around 2012-2013. But their real moment in the spotlight came with the Ethereum (ETH) blockchain in 2017. Ethereum revolutionized how NFTs were created, stored, and traded, setting the stage for a new digital era. Then, the year 2021 was a…