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News and Articles by Diana



Ulbricht

FreeRossDAO acquires NFT collection of Silk Road founder Ulbricht

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Decentralized Autonomous Organization (DAO) FreeRossDAO has acquired the NFT collection of the founder of the Silk Road darknet marketplace Ross Ulbricht. The winning bid on the SuperRare platform auction was 1,446 ETH. The auction was won by user yfimaxi. In a conversation with Decrypt, a...

Bitcoin

Bitcoin network activity hits seven-month high

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As a result of the aggravation of volatility in the crypto market at the end of last week, the number of active addresses on the bitcoin network has sharply increased. According to Arcane Research, transaction activity on the BTC blockchain is currently at its highest level since May 2021. Even...

Thailand

CB of Thailand demanded from banks to stop working with cryptos

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The Bank of Thailand plans to launch a national digital currency (CBDC). Back in the spring, the regulator announced trials of its token. At the same time, the Central Bank is very negative concerning bitcoin and other virtual coins. On December 7, the Central Bank issued a decree requiring...

Christmas

10% of Americans are planning to get crypto as a gift for Christmas

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Almost every tenth resident of the United States is ready to present cryptocurrencies as a gift for the New Year, and every fourth is ready to buy them in the new 2022. Such results were obtained by specialists of the BlockFi landing platform. The survey involved 1,262 US residents aged 18 to 65....

Visa

Visa will drive the massive adoption of bitcoin

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Payment giant Visa has announced the creation of a new advisory division to assist clients to navigate cryptocurrencies. The structure, which will become part of the consulting and analytics department, will give advice to financial institutions, retailers, and other firms on everything from the...

ETH

ETH has increased the number of transactions for amounts over $100K

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Ether (ETH) was able to rebound after the crash to $3,623 last Saturday, December 4th. The recovery of positions has been observed over the past three days. Altcoin capitalization is now just over $ 522.455 billion. The IntoTheBlock team found that institutional investors, whose interest in ETH has...

Matt Hougan

Bitwise top manager doubts BTC will hit $100K this year

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Among analysts, many believe that by the end of December, Bitcoin will be able to approach $ 100,000 or even break this psychological mark. However, amid the recent market crash, the number of bulls betting on cryptocurrency aggressive gains has plummeted. Bitwise top manager Matt Hougan also...

Institutionals

Institutionals withdrew $ 40M from crypto funds

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Institutional investors have invested a total of about $184 million in crypto funds last week. However, as early as Friday, December 3, they began withdrawing funds from digital assets amid the market decline. The outflow of funds from crypto-focused products reached $ 40 million. Capital inflows...

Metaverse

INTO THE METAVERSE: THE BLOCKCHAIN THAT WILL HOST THE FUTURE

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In November 2021, Grayscale published a report titled, "The Metaverse, Web 3.0 Virtual Cloud Economies." Written by Grayscale's research analyst Matt Maximo and head of research, David Grider, the report focused on metaverse education, explaining the possibilities presented by this rising...

BIS

BIS questioned the decentralization of DeFi protocols

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The Bank for International Settlements (BIS) believes that projects deployed in the DeFi market cannot be called completely decentralized. The area needs government regulation, and the authorities can use the factor of centralization of each protocol to control the transactions made by users. The...

DEX

Analysts have recorded surge in the activity of users of DEXs

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In a study by the Dune analytics team, it is said that in November, users of decentralized crypto exchanges (DEX) showed very high activity again. Trading on DEX aggregators such as 1inch, Ox, and ParaSwap has grown significantly. The total trading volume on the last week exceeded $ 6 billion. In...

Bitmart

BitMart promises to pay compensation to victims of hacker attack

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At the end of last week, it became known about a hacker attack on the hot wallets of the BitMart crypto exchange. The attackers managed to withdraw about $ 200 million in various tokens deployed on Ethereum and Binance Chain. The CEO of this platform, Sheldon Xia, promised to compensate the losses...

FTX

FTX plans to bring its valuation up to $32B

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FTX CEO Sam Bankman-Fried plans to raise a total of $ 1.5 billion in investments for the global derivatives exchange and the American FTX.US platform. According to them, a potential round of funding will bring the FTX valuation to $ 32 billion, and subsidiaries in the US - to $ 8 billion. In...

Solana

A bug in Solana library allowed to steal up to $27M in an hour

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A bug in the Solana Protocol (SPL) program library could potentially steal funds from several large DeFi projects at a rate of about $ 27 million an hour. The Tulip Protocol yield aggregator and the Solend and Larix lending protocols were under threat. At their peak, the combined TVL of these...

Crypto market

Cryptocurrency market capitalization fell to $2.2 trillion

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Crypto volatility escalated on Saturday night, December 4. At the beginning of trading on the American market, the value of bitcoin (BTC) even grew moderately. However, after the end of the session, a massive sale began on the spot exchanges. As a result, Bitcoin and Ether (ETH) fell below $ 45,000...

BTC

Bitcoin power strengthens despite crypto market drop

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The computing power of the bitcoin network at the end of last week increased even against the backdrop of a fall in the value of the cryptocurrency. Recall that on Saturday night, the BTC rate fell to $ 43,000 on some trading floors. This was followed by a rebound, and now the cryptocurrency is...

Sailor

Michael Sailor compares the dollar to bitcoin

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Michael Sailor, CEO of software giant MicroStrategy, presents the camp of the so-called "bitcoin bulls". His company periodically purchases cryptocurrency and refuses to sell it, even during a bearish cycle. Sailor stated that the dollar is the world's currency, and bitcoin is a reserve...

SHIB

Almost 70% of SHIB addresses remain in profit

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Despite the fall in the value of the Shiba Inu (SHIB) altcoin, more than half of its holders are still in profit. About 69% of wallets with different cryptocurrency volumes are in positive territory. The SHIBA token has lost about 3% in value over the past 24 hours and fell to $ 0.00004172. Altcoin...

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