Category: Reviews

SOL Price Surges 10% As Solana Bulls Aim New High Above $125

Solana is up over 10% and gaining pace above $105. SOL price seems to be setting up for an upside break above the $125 resistance zone. SOL price started a fresh rally above the $100 resistance against the US Dollar. The price is now trading above $105 and the 100 simple moving average (4 hours). There was a break above a key contracting triangle with resistance near $104 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could continue to rally if there is a…

Year of Triumphs, Scandals, and Transformations

It was a controversial year for the crypto indutrsy. Let’s have a closer look at the major crypto-related events that too place in 2023. The year 2023 has been a rollercoaster ride for the cryptocurrency ecosystem, defined by important events that have impacted the industry’s direction. From stablecoin woes to regulatory disputes, institutional acceptance, and the advent of meme coins, the crypto sector has seen a wide range of stories. Here are the top 10 major crypto headlines that have defined the year. USDC Stablecoin Falters amid Silicon Valley Bank…

Hive Digital Secures $22M in Funding for Bitcoin Mining Operations

On December 28, the company announced that its fleet of 3,750 Bitcoin ASIC miners, purchased last year, had already generated profits due to the surge in the coin’s price. Canadian Bitcoin mining company Hive Digital has recently concluded a successful $22 million private financing round. The company achieved this milestone through the sale of 5.75 million special warrants at a price of $3.87 each, resulting in total proceeds of $22 million. This financing round will enable the company  to support the growth of its Bitcoin mining operations, as well as…

Solana Overtakes Ethereum in Google Search Interest

In terms of regional search, Google Trends revealed that countries such as Spain and the Philippines took the lead. People in these nations recorded more users searching for the term Solana than Ethereum.  In 2023, searches on Google for “Solana” surpassed those for “Ethereum” for the first time since the launch of both cryptocurrencies in 2020 and 2015, respectively. The move comes after the digital asset flipped XRP as the fifth largest crypto in the world, according to market capitalization on December 21. The Proof-of-Stake (PoS) protocol continued its upward…

PancakeSwap Community Votes to Cut CAKE Token Supply by 300M

A staggering 98% member of the PancakeSwap community voted in favour of reducing the CAKE supply by 300 million resulting into a strong surge in the CAKE price. PancakeSwap, a prominent decentralized exchange, has successfully concluded a proposal to reduce the maximum supply of its native token CAKE from 750 million to 450 million, garnering nearly 98% of votes in favor. The multi-chain decentralized exchange initiated the voting process on Thursday, presenting a proposal to decrease CAKE’s maximum token supply. Also, the voting period has concluded, revealing a decisive 97.88%…

OKX Delisting Privacy Tokens in 2024

OKX has announced that it is deleting 11 trading pairs. These changes will go into effect from early January 2024. For years, privacy tokens have been controversial in the crypto industry. Privacy tokens are cryptos that cannot be traced and offer complete anonymity for those who use them. Some see them as useful and necessary for preserving the privacy of users and others see them as dangerous. Now, the popular crypto exchange OKX has announced that it will be delisting several privacy tokens in the new year, including Monero. These…

Avalanche Foundation Expands Culture Catalyst Initiative to Embrace Meme Coins

For the planned investments in selected meme projects on the Avalanche network, the non-profit has outlined specific requirements for eligibility in the program.  Avalanche Foundation, the non-profit group overseeing the development of the Avalanche blockchain, has announced its intention to allocate a portion of the Culture Catalyst Funds to support meme coins. According to a statement on X (formerly Twitter), the move is aimed at acknowledging the cultural and entertaining aspects symbolized by meme coins, with the foundation planning to acquire select Avalanche-based meme coins to build a curated collection.…

FTX Offers $16,871 Bitcoin Price for Creditor Claims, Users Reject

If the court approves the proposed plans from debtors, the FTX creditors could lose a huge sum of money considering the rally in crypto market this year. In a recent filing made on December 27 in the United States Bankruptcy Court for the District of Delaware, FTX debtors have unveiled estimates of the US Dollar value assigned to cryptocurrency prices and foreign currency for customers holding claims with the now-defunct exchange. The debtors expressed their intention to establish a “fair and reasonable value” for user claims based on digital assets…

Ethereum Founder Vitalik Buterin Says Original Web3 Vision Has Been Lost

In a new blog post, Vitalik Buterin noted the loss of the original web3 values, the ways that the community can get back on track, and the progress that Ethereum has made so far. Vitalik Buterin has always been a big personality. As one of the founders of Ethereum, he has been a major figure within the crypto world for over a decade. He is also known for being outspoken about his views, which has sometimes led to him feuding with others. But his most recent blog post, published by…

Crypto Exchange Adds 40M Users in 2023 Despite Regulatory Hurdles

Binance reported more than $1.2 billion in assets under custody for more than 170 million users in its 2023 performance report. Leading cryptocurrency exchange by daily traded volume and registered users, Binance Holdings Ltd., has continued to build the necessary infrastructure and products to enable the next phase of web3 mass adoption. Despite the former Chief Executive Officer Changpeng Zhao (CZ) being forcefully ousted by the United States government, Binance has demonstrated that it was built to stay and facilitate the mainstream adoption of Bitcoin and digital assets. Moreover, the…