Solana’s native token, SOL, has experienced an extraordinary surge in value this month. Not only did SOL surpass XRP and briefly overtake BNB, but it also secured its position as the fifth-largest cryptocurrency. With a staggering 23% increase in just one week, SOL’s recent success can be attributed to the excitement surrounding airdrops. These airdrops
Crypto
The cryptocurrency space continues to thrive even during the typically slow period at the end of the year. One altcoin that has made a significant impact in the past week is Solana’s SOL token. Initially traded at just over $70, its price skyrocketed to over $100, surpassing XRP as the fifth-largest cryptocurrency and briefly surpassing
Worldcoin, a digital framework developed by Tools for Humanity (TFH), has recently disabled its offline orb verification feature for users in India, Brazil, and France. This decision comes in response to a surge in demand for the Worldcoin (WLD) tokens, which led to long lines at designated venues for registration. The company’s Orb, a hardware
The PancakeSwap community has put forward a proposal to decrease the overall supply cap of its native token, CAKE. With a current circulating supply of approximately 388 million, this proposal suggests reducing the total supply limit from 750 million to 450 million. The aim is to establish a maximum cap of 450 million for the
Bitcoin (BTC) layer 2 blockchain Stacks (STX) has experienced a significant surge in value following the endorsement from billionaire investor Tim Draper. With a 26% increase since Draper’s comments made headlines on social media, the asset is now trading at $1.53, up from $1.18 at 7 pm ET on Tuesday. This article delves into Draper’s
Michael Saylor, a well-known Bitcoin advocate, believes that the potential approval of a spot BTC exchange-traded fund (ETF) could be the most significant development on Wall Street in the last thirty years. In a recent interview with Bloomberg, Saylor compared this event to the launch of the S&P 500 ETF, highlighting its transformative potential for
Bitcoin’s price attempted to surpass the $43,000 mark but ultimately failed, resulting in a significant drop. However, the cryptocurrency has managed to recover most of its losses since then. While larger-cap altcoins like BNB, SOL, and AVAX demonstrated impressive gains, ADA and DOGE retraced slightly. After a relatively quiet weekend, with bitcoin trading mostly around
Financial technology company Revolut has announced its plans to suspend cryptocurrency purchases for its business clients in the United Kingdom. The move comes as a response to the new rules on crypto promotion set by the country’s Financial Conduct Authority (FCA), which will come into effect in January 2024. Revolut states that the temporary suspension
The United States Securities and Exchange Commission (SEC) has recently announced a delay in its decision on whether to approve applications for Ethereum exchange-traded funds (ETFs) from several asset management firms. The SEC has issued delay orders for applications from Ark Invest/21Shares, VanEck, and Hashdex, pushing the final date for approval or disapproval to May
Bitcoin has experienced a tumultuous few days, with its value dropping to around $40,500. However, the primary cryptocurrency finally made a notable recovery today, surpassing the $43,000 mark. This surge has brought relief to many traders who witnessed Bitcoin struggling to overcome the $43,000 level over the weekend. The weekend proved to be challenging for