Solana (SOL), the cryptocurrency once supported by Sam Bankman-Fried, pared some losses on Dec. 30, a day after falling to its lowest level since February 2021. Solana price down 97% from November 2021 peak On the daily chart, SOL’s price rebounded to around $10.25, up over 20% from its previous day’s low of approximately $8.
Altcoins
2022 was supposed to be the year crypto went mainstream, with a significant chunk of traditional venture capital firms betting heavily on the ecosystem in 2021. However, with one disaster after another, 2022 turned out to be a catastrophic year for the nascent crypto ecosystem. Some of the biggest names touted as pivotal to taking
USDC offers instant payments, saves users from the cryptocurrency market’s price volatility and is audited by a regulated auditing firm, making it a transparent stablecoin. However, it does not offer price appreciation opportunities, and investors may incur high transaction and withdrawal fees while dealing with USDC. One of the key advantages of the USD Coin
Whoever thinks of XRP in 2022 will probably first think of the Ripple court case with the U.S. Securities and Exchange Commission (SEC), which is approaching its grand finale in the upcoming months. But there is also news about XRP that concerns the XRPL ecosystem. This news comes from the nascent NFT space, which is
Name: Mati GreenspanAnonymous: NoTwitter followers: 48,000Known for: The “face” of eToro for years, Greenspan is a rare moderate voice on Crypto Twitter. Who is this guy anyway? The friendly but cynical Mati Greenspan became a well-known crypto market commentator in publications such as Forbes, Bloomberg and The Wall Street Journal as a senior market analyst
In a new article for Forbes, legal expert Roslyn Layton is criticizing the U.S. Securities and Exchange Commission (SEC) for its questionable enforcement policy against the crypto industry and Ripple in particular. Meanwhile, frustration with the SEC and lawmakers is growing in the U.S. crypto industry. Despite the fact that various industry leaders have called
Kabosu, the Shiba Inu dog behind the face of Dogecoin (DOGE) and the “doge” meme is in a “dangerous position” healthwise, according to her owner. In a Dec. 26 Instagram post that was then shared on Twitter, Atsuko Satō, a Japanese kindergarten teacher and Kabosu’s owner, said in Japanese that the rescue dog was in
This week on The Market Report, the resident experts at Cointelegraph discuss what investors can expect from the cryptocurrency market in 2023. Will this bear market carry on, or will we see the beginning of the bull market? Also up for discussion is what projects have the potential to make a splash in 2023. We
As the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) draws to a close and all eyes are on Judge Analisa Torres, the U.S. Department of Justice may have provided another argument for Brad Garlinghouse and his company. In recent court filings by the U.S. Department of Justice against Avraham
Amid the severe crypto downturn in 2022, the price of Dogecoin (DOGE) has held up much better than most of the top assets on the market. DOGE is the third-best performer in the top ten, having dropped “just” 58% this year, beaten only by XRP (XRP) and BNB (BNB), which saw declines of 57.2% and
Bitcoin (BTC), Ether (ETH) and the crypto market had a rough 2022 from a price perspective, but traders are hopeful that 2023 will include bullish developments that push crypto prices higher. Despite the market-wide downturn, a handful of altcoins continued to make a positive contribution to the crypto space and thanks to Ethereum, the term
On December 24, a heated war of words began between Ripple CTO David Schwartz and self-proclaimed Bitcoin inventor Craig Wright. The initially innocuous discussion about the institutional acceptance of Bitcoin turned into a heated debate about the legitimacy of XRP with savage insults. The cause of the altercation was a tweet by Wright in which
The word volatility is typically received as a negative by financial circles just the same way the name Lionel Messi is received in Brazilian favelas, yet volatility historically presents some of the greatest opportunities for gains, especially in the crypto markets. The crypto market experiences much greater price oscillations on average when compared to traditional
In a new Medium post published on Dec. 26, decentralized finance architect Andre Cronje reaffirmed the goals and priorities for the Fantom ecosystem in 2023. Cronje, who previously created protocols such as Yearn.finance and Keep3rV1, also revealed that he accepted a position as a board member for both Fantom Foundation Ltd and Fantom Operations Ltd,
Japanese regulators are reconsidering some major cryptocurrency restrictions related to the use of stablecoins like Tether (USDT) or USD Coin (USDC). The Financial Services Agency (FSA) of Japan will lift the ban on the domestic distribution of foreign-issued stablecoins in 2023, local news agency Nikkei reported on Dec. 26. The new stablecoin regulations in Japan
The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is in the home stretch. Both parties had filed their more than 60-page reply briefs for summary judgment on Nov. 30. Now it’s wait-and-see for the parties involved until Judge Analisa Torres issues a decision. Meanwhile, the spotlight is on the LBRY
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