Solana (SOL) Tumbles 15% During Outage, Will There Be More Losses?
Solana (SOL) price has suffered a near 15% year low loss when developers shut down the blockchain following a problem in the durable nonce transactions feature halted block production for over 4 hours. Users seemed to be losing faith in Solana after it experience problems for the ninth time in a year. Furthermore, as all […]
Sell-Off Pressure Intensifies As Ethereum (ETH) Plummets 6%
Ethereum (ETH), the world’s second-largest cryptocurrency, has dropped 6% today to move around $1800 levels thereby intensifying the pressure for a sell-off. This demonstrates that bears remain in control, and the early week’s momentum was nothing more than a bear market rally. With a huge volume of ETH migrating to exchanges, the sell-off in Ethereum […]
Binance Raises $500 Million Crypto Fund Amid Market Crash
Binance, the world’s largest cryptocurrency exchange, has defiled the odds and announced the raising of a new $500 million investment fund on Wednesday despite the bear market. The exchange said it plans to invest in blockchain, web3, and “value-building technologies” with the new funds. Binance Labs, the exchange’s venture capital arm, conducted the fundraising. DST […]
Bitcoin (BTC) Price Rallies Above $30K, Will It Confirm This Key Level?
Bitcoin (BTC) seems to be arousing some confidence among its traders after the cryptocurrency recently rallied above $30,000. But Analysts are cautious about the recovery’s nature, with many warning that it could be a “dead cat bounce.” Bitcoin is currently trading at $31,500, up roughly 7% in the last three days. While it has recovered […]
Veteran Short-Seller Warns Coinbase, MicroStrategy On This
Jim Chanos, a veteran short-seller, warned that Coinbase and MicroStrategy will likely see further declines this year. Chanos said in an interview with the Crypto Critic’s Corner podcast that Coinbase’s earnings on trading commission are too high when compared to traditional brokerages. He believes that Coinbase’s 1.5% trading commission margins will likely drop to 0.5% […]