CANTOR CEO CONFIRMS TETHER HOLDS $86B IN RESERVE TO BACK ITS STABLECOIN USDTThe CEO of Cantor, Howard Lutnick, has confirmed that Tether, the popular stablecoin, holds a staggering $86 billion in reserve to back its USDT stablecoin. Lutnick made this revelation during an interview with Bloomberg at the World Economic Forum in Davos on January […]
Bitfinex Foils Attempted Exploit of XRP Ledger FeatureAn unknown individual recently made an unsuccessful attempt to exploit a feature of the XRP Ledger at Bitfinex, one of the leading cryptocurrency exchanges. The attacker sought to move billions of dollars worth of XRP, but Bitfinex’s effective security measures prevented the attack from succeeding.Concerns Over Significant Transfer […]
Ethereum (ETH) has seen a significant increase of 11.4%, with whales in the crypto ecosystem playing a major role in this change. Data from the crypto analytics platform Lookonchain reveals that a whale with the wallet address “0xAA15” withdrew a total of 5,762 ETH, approximately $15.06 million, from Binance. This whale has purchased a total […]
The long-awaited launch of a spot Bitcoin exchange-traded fund (ETF) in the United States has finally taken place. The Securities and Exchange Commission (SEC) has approved 11 products for listing and trading on several national exchanges, marking a significant step towards legitimizing the crypto asset class. This journey began a decade ago, with many industry […]
Solana’s native SOL token emerged as one of the top-performing crypto assets in 2023, with the Layer 1 network’s developer ecosystem also demonstrating consistent growth. The Solana ecosystem experienced a significant rise in developer retention during this period, increasing from 31% to over 50% within three months. This improvement was attributed to several factors, such […]
Ripple and Stellar Lumens are making significant strides in the cross-border payments industry, positioning themselves as strong competitors to Swift. The industry is projected to be worth approximately $250 trillion by 2027, and the roles of Ripple Labs and Stellar Lumens in this ecosystem are becoming increasingly important.Ripple’s future in the ecosystem is promising, with […]
Bitcoin’s hash rate, the measure of the network’s computing power, recently reached a new all-time high. This surge in hash rate coincided with the debut of spot Bitcoin ETFs in the US. Data from IntoTheBlock reveals that the Bitcoin hash rate reached an all-time high of 630.91 million TH/s or 630 EH/s on January 11, […]
The FTX debtors have filed to repay creditors in the same value as the time of the exchange’s collapse, potentially denying them the significant gains made in 2023. The troubled crypto exchange is nearing the final stages of a restructuring process that promises an imminent relaunch and full repayment to creditors and customers.Distressed FTX customers […]
In 2023, the Ethereum layer-2 (L2) landscape underwent significant expansion. The demand for blockspace and scaling solutions skyrocketed, with users eager to leverage their relative benefits. The year marked a significant shift in scaling solutions built on Ethereum’s base layer.On January 1, 2023, the Ethereum mainnet averaged 13.67 transactions per second (TPS), while the combined […]
The Hong Kong Virtual Asset Consortium (HKVAC) has announced significant changes to its crypto indices, reshuffling its top 5 crypto index, top 10 crypto index, and overall crypto index. This has led to the exclusion of several notable cryptocurrencies.In a headline-grabbing adjustment, Ripple’s native token XRP has lost its seat in the top 5 global […]
