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MarketDAO’s stablecoin DAI recently experienced a recovery following a de-pegging event that saw the stablecoin drop from the $1 value to $0.88. As the Silicon Valley Bank saga continues, the price of USDC, which is pegged to the US dollar, experienced a sudden drop over the past two days. MakerDAO’s algorithmic stablecoin
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Interesting price action was experienced in Huobi Token over the past 24 hours in which the digital currency, native to the Huobi Global exchange experienced a flash crash with its price dropping by as much as 93%. In what is considered a very rare event, the digital currency rebounded at
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Cathie Wood's Ark Invest offloaded a chunk of its Grayscale Bitcoin Trust (GBTC) shares since November's Bitcoin (BTC) price lows, the latest data shows.Cathie Wood's Ark short-term cautious on GBTCArk Invest added 450,272 GBTC shares worth $4.5 million to its ARK Next Generation Internet ETF (ARKW) in November 2022. At the time,
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The Cardano outage is not a new occurrence for some of the majority of Layer-1 protocols.The Cardano (ADA) protocol recorded a temporary outage on at least 50% of its nodes over the weekend according to reports from a number of its Stake Pool Operators (SPO). According to an update shared
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"The real takeaway for me is how impressively resilient the cardano network is. Something took down ~60% of nodes and the network recovered in a few minutes, and continued producing blocks throughout," Pi Lanningham, chief technology officer of Cardano-based decentralized exchange SundaeSwap, tweeted. Source
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Cardano stake pool operators (SPO) and users have been reporting at least half of the nodes for the network briefly went offline over the weekend. According to a Jan. 22 post shared on the Telegram SPO for Input Output Global, the engineering and research fintech behind the Cardano blockchain, an anomaly
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Litecoin, an altcoin being hailed as the “digital silver” of the cryptocurrency space, has once again rewarded its faithful investors and holders as it mounted a massive recovery after bottoming out at $60. Interestingly, the token made its bounce back shortly after CNBC host Jim Cramer went out of his way
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Bitcoin’s network hashrate has returned to regular levels again, days after freezing temperatures across the United States put a strain on the nation's electricity grid — leading to a temporary drop in hashrate.In the days leading up to Christmas, bone-chilling temperatures swept across the United States, leading to millions without
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The insolvency specialists at FTX have recovered $1 billion worth of assets from numerous banks, including over $800 million in cash.Recent reports state that the new management behind sunken crypto exchange FTX has identified new assets worth $1 billion, including $720 million in cash. This recent discovery is part of concerted efforts by the
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Bitcoin (BTC) showed early signs of recovery as it extended its second day of gains on Tuesday, holding over the $21,000 barrier in European hours. Even though established banking firms Morgan Stanley (MS) and Goldman Sachs (GS) said in client notes that recession risks were "not fully priced in," the
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