2024-02-24
Altcoin Global News

Solana entities sold 50M tokens to FTX — How long will SOL price suffer?

Most of FTX’s Solana exposure stands vested, meaning the defunct exchange will gradually gain access to millions of SOL up until January 2028. Solana SOL $14 has lost 60% of its market value in a week due to its exposure to the now-defunct crypto exchange FTX, which could continue to haunt the “Ethereum killer” well into the future. […]

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Ethereum Global News

FTX debacle sees Nansen take stock of major exchange on-chain holdings

Blockchain analytics firm Nansen has released an overview of major cryptocurrency exchanges’ on-chain asset holdings and portfolios in the wake of FTX’s collapse. The collapse of cryptocurrency exchange FTX has put industry peers under the microscope with calls for transparent accounts of token holdings and assets under management. Major cryptocurrency exchanges like Binance, Huobi, OKX […]

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Ethereum Global News

FTX hacker is now the 35th largest holder of ETH

The exploiter’s Ether haul is worth an estimated $288 million at current market prices. The hacker that exploited the now-bankrupt FTX exchange last week made a tidy fortune that has propelled them to Ether  ETH $1,195 whale status. Just a day after the embattled FTX exchange filed for Chapter 11 bankruptcy, its wallets were drained for […]

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Bitcoin Global News

Bitcoin miners send less BTC to exchanges since 2020 halving despite FTX

FTX volatility only resulted in a brief uptick in miner sales on exchanges, with the trend already returning to normal. Bitcoin BTC $16,438 miners may be sending more BTC to exchanges this month — but overall, their sales have crashed since 2020. Data from on-chain analytics platform CryptoQuant confirms that daily miner transfers to exchanges have decreased by two-thirds […]

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Bitcoin Global News

Island nation turns to metaverse to preserve its disappearing heritage

The island of Tuvalu said it plans to build a digital version of itself in order to preserve its history as it faces erasure due to climate change. In the South Pacific, the island nation of Tuvalu decided to turn to Web3 technology in order to make sure its culture and society are preserved in […]

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Bitcoin Global News

FTX Bitcoin stash worth same as Mt. Gox 840K BTC before hack

The infamous Mt. Gox Bitcoin hack cost the same in U.S. dollar terms as FTX emptying its 20,000 BTC balance. If FTX is sparking new Bitcoin BTC $16,438 bear market lows, BTC price action has further to fall to match Mt. Gox. Data from on-chain analytics firm Glassnode confirms that the “Mt. Gox bear market” almost a decade ago […]

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Global News NFTs

Helping mainstream artists into Web3: The triumphs and struggles

As the music industry continues to push into the Web3 space getting artists both mainstream and up-and-coming has its hurdles but also major rewards. Musicians and executives alike have seen the power of Web3 tools such as nonfungible tokens (NFTs) to transform audiences into active communities with fewer barriers between artists and fans. Recently, the crypto-savvy Snoop […]

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Global News NFTs

Ownership is the future of digital entertainment, says blockchain exec

Web3 technologies are changing the way we engage with various forms of entertainment and ownership is at the heart of it. Web3 is uprooting traditional entertainment industries with a new way of creating and engaging with digital content. The industry has already seen nonfungible tokens (NFTs) display the potential to transform how television scheduled programming can be created. Increased […]

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Business Global News

Binance CEO urges crypto buyers to ‘hold’ amid ‘unpredictableness’

Binance CEO Changpeng Zhao said people should invest in crypto if they’re using “cash that you don’t need for a long time,” as the market sees high volatility amid FTX’s fallout. Binance CEO Changpeng “CZ” Zhao has strongly advised cash-strapped and inexperienced investors to stay away from trading cryptocurrencies amid extreme market volatility and unpredictability.  […]

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Business Global News

Apple job listings and patents hint at foray into ‘3D mixed-reality world’

A “mixed-reality world” by Apple could be fast approaching as recent job openings show the tech giant is hiring a number of engineers with AR and VR experience. Technology giant Apple appears to be working towards the development of a metaverse-sounding “3D mixed-reality world,” according to related patent filings and recent job postings. Since Nov. […]

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