A Cardano-powered algorithmic stablecoin called Djed ($DJED) is set to launch early next year on the smart contract platform’s mainnet, according to an announcement developers made at the Cardano Summit in Lausanne, Switzerland. Djed, as CryptoGlobe previously reported, is an algorithmic stablecoin issued by fintech startup COTI Group....
Ethereum whales sold off a good number of SHIB tokens amid abysmal performance The long-term sentiment of SHIB could be positive as investors remained hopeful about their actions Shiba Inu’s [SHIB] stay at the top of the holdings by Ethereum [ETH] whales could be threatened due to a notable reduction in holdings. This was because, over the last four days, these whales have sold off about $5 million worth of tokens. Read Shiba Inu’s Price Prediction for 2023-2024 According to WhaleStats, the top...
The stablecoin native to the Cardano ($ADA) network has recently been launched along with other synthetic assets via the Indigo Protocol on the cryptocurrency’s blockchain. The Indigo Protocol was launched to issue decentralized synthetic assets on Cardano. According to an announcement from the protocol, synthetic assets were recently...
Core Scientific Inc., the largest publicly traded Bitcoin mining business in the U.S., reported a $1.7 billion loss for the first nine months of the year. The Austin, Texas-based business is one of the miners that has been most hit, as low Bitcoin prices have caused mining revenue to drop to an all-time low.
On Tuesday (22 November 2022), Barry Silbert, the founder and CEO of incubator and crypto-focused venture capital firm Digital Currency Group (DCG) talked about troubled crypto lender Genesis Global Capital. Former investment banker Silbert is one of the earliest and most active investors in the crypto space. DCG, the company he founded...
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Market structure flipped bearish for MATIC and volatility was high Despite the large volatility, and against the market trend, a high-risk high-reward buying opportunity could soon arise MATIC rallied from $0.88 to $1.26 within a week in early November, which represented gains amounting to nearly 50%. Four days after the peak of this rally MATIC sunk to $0.76, a decline of 41%....
FTX Bankruptcy Hearing News: The attorney representing FTX said during the bankruptcy hearing that a substantial amount of assets were stolen or missing. Attorney Bromley also said that unfortunately the FTX debtors were not particularly well run. In his opening remarks, the attorney described the FTX case as ‘unprecedented’. He further said top FTX executives including Sam Bankman-Fried kept unreliable records. “There was a run on the bank in November, and FTX is controlled by a very small group of...
On November 22, 2022, His Excellency Justin Sun, TRON Founder, Huobi’s global advisory board member, and Ambassador Extraordinary and Plenipotentiary, Permanent Representative of Grenada to the WTO, attended the Huobi’s refreshed branding launch event held in Singapore. Justin Sun put forth three major strategies for Huobi’s future...
ETH’s press time market structure stood hounded by the bears Immense selling pressure could push funding rates further into the negative territory Ethereum [ETH] broke through several support levels and plunged even lower as FUD spread around the alleged FTX exploiter dumping ETH for BTC. The alleged FTX exploiter sold 50,000 ETH for BTC over the weekend, knocking ETH off the $1,200 mark. Read Ethereum’s [ETH] price prediction 2023-2024 At press time, ETH, the altcoin king, was trading at $1,081, having lost the psychological...
© copyright 2023. All Rights Reserved.