Author: Sophia Hernandez

Article written by Sophia Hernandez

FTX exchange sells $316M in crypto amid recovery efforts

November 9, 2023 1 min read

In an effort to bolster its financial standing, the FTX crypto exchange has sold a significant amount of crypto assets, totaling around $316 million. These sales occurred between November 7th and 8th and involved various cryptocurrencies, including Solana (SOL) and Ethereum (ETH). Solana, in particular, accounted for a substantial portion of the sales, with FTX offloading 4.8 million SOL tokens worth around $187 million. Despite this significant selloff, Solana’s price

Cardano has seen over $600 million worth of ADA accumulated within the price range of $0.249 to $0.271

November 8, 2023 1 min read

Cardano (ADA) may not be making big price moves, but it’s certainly making waves in the world of cryptocurrency. Recent data from analytics provider IntoTheBlock reveals that over $600 million worth of ADA has been accumulated in the $0.249 to $0.271 price range. This substantial investment activity suggests that major investors are quietly positioning themselves, expecting a potential breakout. Over the past month, the number of addresses holding between 100,000

This Euro Stablecoin Startup Secures €3.3 Million in Funding from Investors

November 7, 2023 1 min read

StablR, a company specializing in Euro-based digital money, has successfully secured €3.3 million in a recent seed round of funding. This investment will enable the company to expand its operations and further develop its offerings. Notable investors, including Deribit and Maven 11, have shown their support for StablR’s mission. Since its inception in August 2022, StablR has been on a mission to enhance the stability and safety of digital money,

Ripple Partners with National Bank of Georgia to Strengthen CBDC Development

November 6, 2023 1 min read

Ripple, the company behind the XRP token, has joined forces with the National Bank of Georgia to delve deeper into the potential use cases for a central bank digital currency (CBDC) in the country. In a recent statement, the partnership was highlighted as a significant step forward in harnessing the capabilities of the Ripple CBDC Platform. The primary objective of this collaboration is to explore how blockchain technology can drive

Swiss Bank SGKB to Provide Bitcoin and Ethereum Trading with SEBA Partnership

November 2, 2023 1 min read

Swiss banking institution St. Galler Kantonalbank (SGKB) is diving into the world of cryptocurrencies, offering its customers the ability to trade Bitcoin (BTC) and Ethereum (ETH). To make this happen, SGKB has partnered with SEBA, a bank that specializes in all things crypto, to handle the brokerage and custody services. This new service is already up and running for specific SGKB customers, following a short testing period. And the best

Sam Bankman-Fried Claims FTX Executives Advise Him to Cease Questioning

November 1, 2023 1 min read

In recent testimony, Sam Bankman-Fried, the founder of FTX, revealed that he had been advised to avoid asking too many questions, a situation that led to a series of financial decisions. When employees raised concerns or pointed out issues, SBF admitted that he did acknowledge them but explained that his busy schedule often distracted him. Posts on the social platform X (formerly Twitter) suggest that FTX employees took the initiative

Will Bitcoin (BTC) Hit $50,000 Next Year?

October 31, 2023 3 mins read

Bitcoin (BTC) has indeed made a significant impact in the world of finance and technology since its inception in 2009. This article provides insights into its history, factors influencing its price, and its prospects in the years to come. What is Bitcoin? Bitcoin was introduced by an anonymous Satoshi Nakamoto and has since become the most well-known crypto globally. Its decentralized nature and cryptographic consensus have revolutionized how we think

Bitcoin dominance exceeds 50% for the first time since April 2021

October 27, 2023 1 min read

Bitcoin’s dominance surged above 50% for the first time since April 2021. This means that Bitcoin’s (BTC) market capitalization now accounts for over 50% of the total cryptocurrency market. It’s a development that many traders and investors closely monitor, as it reflects Bitcoin’s strength relative to other cryptos in the market. To put it simply, when Bitcoin’s dominance is high, it indicates that BTC is outperforming alternative cryptocurrencies to Bitcoin

Crypto Market Surges Following Court’s Decision on Grayscale’s Spot Bitcoin ETF

October 25, 2023 1 min read

The US Courts have issued a new mandate concerning Grayscale’s proposal for a spot Bitcoin ETF, and this development has had a ripple effect across various markets. Grayscale seeks to convert it into a spot Bitcoin exchange-traded fund (ETF). The legal process started gaining attention on August 29, when courts mandated the U.S. Securities and Exchange Commission (SEC) to review Grayscale’s proposal. This week, a formal mandate was issued, further

Uniswap’s CEO Burns Haycoin Valued at $650 Billion

October 22, 2023 1 min read

Hayden Adams, the creator of Uniswap, has made a move in the crypto world by burning nearly all of the HayCoin (HAY) supply, amounting to $650 billion. This bold decision, executed on October 20, comes in response to the unexpected surge in the price and popularity of HAY, which had evolved from a test token introduced five years ago. HAY, initially a test token, unexpectedly transformed into a meme coin,

Binance Expands in Europe While Adapting to Changes in the U.S. Market

October 20, 2023 1 min read

Binance is advancing its European offerings through strategic partnerships aimed at enhancing EUR-based payments, deposits, and withdrawals. This signifies a significant move for Binance, providing users with the convenience of Euro spot pairs and simplified EUR deposit and withdrawal options via Open Banking, as well as SEPA and SEPA Instant services. Seamlessly converting between fiat currencies and cryptocurrencies is essential for promoting digital asset adoption on a global scale. Streamlining

Tesla still holds $184 million in Bitcoin in Q3 report

October 19, 2023 1 min read

Tesla has continued to uphold its Bitcoin holdings in the third quarter (Q3) of 2023, marking its fifth consecutive quarter without any changes to its digital asset investments. According to Tesla’s Q3 2023 financial results, released on October 18, the EV manufacturer company retained around $184 million worth of digital assets as of September 30. This amount is a fraction of the $1.5 billion worth of BTC that Tesla initially