Cryptocurrency Analysis and News Portal
According to a Twitter post dated Dec. 7, stablecoin protocol Helio, which issues the HAY stablecoin pegged against the U.S. dollar, said that the firm had bought back $3 million worth of bad debt in HAY thus far in the open market. The day prior, blockchain infrastructure platform Ankr stated
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Ethereum started a decent recovery wave above $1,150 against the US Dollar. ETH is now approaching a major hurdle near $1,230 and $1,250. Ethereum started an upside correction above the $1,120 and $1,150 resistance levels. The price is now trading above $1,150 and the 100 hourly simple moving average. There is a key
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Bitcoin is on another recovery path after suffering one of the worst declines of 2022. The digital asset had hit a low of $15,500 before bouncing back up, all of this happening in response to the decline of FTX, the second-largest crypto exchange by trading volume. The price of bitcoin
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The fall of FTX highlighted the importance of proof of reserves in averting risks and improving investor confidence, urging leading crypto exchanges to publicly list down their cold and hot wallet addresses. When trying to confirm the availability of funds on Crypto.com, cold store information revealed a suspicious transfer of
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Sollet Bitcoin (soBTC), a so-called “wrapped” asset supposedly backed 1-to-1 with bitcoin, plummeted $10,000 at around 2:00 p.m. ET, according to decentralized finance protocol Raydium. It had already spent much of the day trading below its bitcoin peg on the news that FTX had filed for bankruptcy protection. Original Source
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The CoinDesk Market Index fell by 0.22% over the past 24 hours. At press time, bitcoin, the largest cryptocurrency, was changing hands around $19,100, up from the low of $18,860 earlier Tuesday. Ether (ETH), the native cryptocurrency of the Ethereum blockchain and the second-largest overall, was down1.7%. Original Source
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Litecoin price had been staggering too, just like other major altcoins in the market. Over the last 24 hours, however, LTC moved
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Bitcoin has been able to regain some of its footings over the last 24 hours after it had fallen to the $18,000
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Despite a strong bullish run in recent months, Helium (HNT) was unable to hold its ground against tether (USDT), with the price
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On Thursday, blockchain forensics firm Chainalysis said that law enforcement had recovered $30 million in crypto stolen from the $625 million Ronin Bridge hack in March. According to Chainalysis, Lazarus Group, the North-Korea linked entity behind the attacks, first used sophisticated money-laundering techniques such as sending stolen Ether (ETH) to
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