Author: Judith Faith

Article written by Judith Faith

Binance Coin (BNB) price reaches $400, marking a significant rebound despite Binance’s legal issues

February 27, 2024 1 min read

Binance, the world’s largest crypto exchange, has seen its native crypto, BNB coin breaking the $400 mark for the first time since May 2022, surging by over 3%. This comes despite facing legal issues in the US. Trying to solve the issue, the exchange agreed to a $4.3 billion plea deal. This hefty sum was paid to address charges related to anti-money laundering and sanctions violations. In addition, Binance‘s legal

FTX founder Bankman-Fried chooses new legal team despite conflicting worries about his appeal

February 25, 2024 1 min read

Sam Bankman-Fried, former FTX CEO, has chosen Marc Mukasey and Torrey Young for his appeal despite potential conflict concerns. It is worth noting that SBF, who separated from his trial legal team, plans to engage these attorneys, who also represent ex-CEO Alex Mashinsky. This decision follows a request from US prosecutors for a hearing on possible conflicts of interest due to their dual representation. Additionally, prosecutors have highlighted a conflict

TRON Network reaches $1.758 million in fee revenue, achieving an all-time high

February 22, 2024 1 min read

On February 20, TRON Network’s fee revenue surged to $1.758 million, signaling a noteworthy achievement for the blockchain network. The burning of around 12,622,236 TRX tokens, a practice that eliminates transaction fees by destroying tokens, contributed significantly to this momentum and is consistent with TRON’s deflationary model. TRON Network is ranked fifth among blockchain protocols based on its daily accrued revenue, following all-time revenue growth. With respective revenues of $12.06

Genesis seeks court nod to sell $1.4 billion in Bitcoin shares amid financial woes

February 6, 2024 1 min read

Genesis, which is having financial issues, is seeking permission from the court to sell off a sizable amount of its digital currency holdings, with a target price of about $1.4 billion in shares of GBTC. Crypto lender Genesis’s move comes while the company is navigating bankruptcy procedures to sell off assets and regain stability. To help with its financial difficulties, Genesis is asking the court to approve the sale of

Sui (SUI) TVL surpasses $500 million, solidifying itself in the top 10 of DeFi ecosystems

February 5, 2024 1 min read

Sui’s Total Value Locked (TVL) increased by more than 1500% in the final five months of 2023 and has more than doubled since the beginning of 2024. Sui, one of the fastest-growing Layer 1 blockchains, has maintained its remarkable DeFi growth, surpassing $500 million in TVL and securing its place in the top 10 DeFi ecosystems. On-chain activity has skyrocketed in tandem with TVL’s wild ascent. With a weekly DeFi

Celsius Network emerges from bankruptcy, marking a victory for the company

February 1, 2024 1 min read

Celsius Network, a crypto lending platform, has emerged from bankruptcy, marking a victory for the company and its investors. The completion of the confirmed plan of reorganization, approved by 98% of the company’s account holders and confirmed by the Bankruptcy Court for the Southern District of New York on November 9, 2023, marks the end of an eighteen-month restructuring process. The comprehensive plan entailed reaching an agreement among various stakeholders,

Solana blockchain activity spikes after Jupiter (JUP) airdrop

February 1, 2024 1 min read

The Jupiter airdrop resulted in a significant increase in activity on the Solana blockchain. After the airdrop went live, transaction volume nearly doubled, rising from around 1,900 to over 3,000 transactions per second. This surge indicates that the crypto community is very interested in and engaged with the airdrop. However, increased transaction activity has resulted in a longer processing time on the Solana blockchain. The time it took to process

Visa and Transak Join Forces to Allow Crypto Withdrawals in 145 Countries

January 31, 2024 1 min read

Visa has partnered with Web3 infrastructure provider Transak to launch a novel method for exchanging crypto for fiat currencies. The collaboration allows crypto withdrawals and payments via the Visa Direct solution, enabling users to seamlessly convert crypto from wallets like MetaMask to a Visa debit card. The integration opens up a world of possibilities for users, allowing them to exchange crypto for fiat and make payments at over 130 million

This crypto exchange loses over $10 million to hackers

January 30, 2024 1 min read

Over the weekend, SOMESING, a popular South Korean karaoke service, was hacked, resulting in the theft of hundreds of millions of SSX tokens. Following the incident, several South Korean crypto exchanges, including Upbit, Bithumb, and Coinone, have issued warnings to users and taken immediate steps to reduce potential investor risks. On January 29, Upbit, South Korea’s largest crypto exchange, issued a press release informing users of the SSX token hack

Bitcoin whales with over 1,000 coins increase accumulation

January 28, 2024 1 min read

The number of Bitcoin (BTC) addresses with more than 1,000 BTC has reached an all-time high, indicating resilience among large holders despite the crypto’s recent performance following ETF approval. According to the most recent IntoTheBlock data, Bitcoin was trading at $41,760, a 15% drop from its peak of $48,625 just a day after exchange-traded funds (ETFs) were approved. Despite the market’s bearish sentiment, significant BTC whales with holdings of more

Ronin Token Surges By Over 205% in the Past Month

January 24, 2024 1 min read

The Ronin token (RON) has captivated the crypto market’s attention with an astonishing increase of more than 205% in the last month. Despite recent market fluctuations, Ronin’s resilience and impressive statistics set it apart in the cryptocurrency landscape. Ronin has achieved remarkable milestones in just nine months since its inception, with 250,000 unique daily active addresses, $5 billion in total value locked (TVL), over 2 million wallet downloads, and a

UMA token surges over 200% following the revelation of Oval solution

January 23, 2024 1 min read

Uma’s native token, the UMA token, has increased by over 200% since the announcement of its solution, Oval. The project’s market cap has risen to over $500 million, indicating a significant uptrend. UMA token has skyrocketed from $2 to over $6.9 in just a few days. This surge reflects the market’s positive response to the Oval solution, putting the UMA token at its highest level since mid-2022. The sudden increase