Author: Sollcrypto
“In the rapidly evolving realm of cryptocurrencies, where fortunes can be made and lost in the blink of an eye, a recent mishap by an investor has sparked a vital conversation about justice in the growing Web3 ecosystem. With a simple Google search error last month, this crypto enthusiast unintentionally forfeited a staggering $1 million worth of digital assets. Unfortunately, such tales have become all too familiar in the crypto sphere. However, this individual’s story, coupled with my legal background, prompted me to ponder the concept of justice within this digital frontier. In the traditional legal sphere, justice is a…
While Ethereum may currently be in its infancy, have you ever pondered the extent of its success once the market fully comprehends its boundless potential? Join us as we embark on this exploration! Advancements in Ethereum Ethereum has been diligently pursuing its goal of achieving widespread adoption over the long term, a move that could result in substantial revenue growth. This optimism surrounding Ethereum is rooted in its role as a Layer 1 network designed to secure the value of WEB3, marking a departure from the value-providing approach of WEB2, which primarily caters to the application layer. The WEB3 Academy…
Ethereum may hold the crown as the leader in smart contracts and the global epicenter for decentralized finance (DeFi) and non-fungible tokens (NFTs) activities. However, on-chain data indicates that Bitcoin leads in terms of user engagement, as evidenced by its higher number of daily active users. Additionally, Bitcoin’s network activity remains robust, reflected in the satisfactory and healthy volume of daily confirmed transactions. Bitcoin surpasses Ethereum in terms of daily active addresses. According to data from Artemis Terminal on September 15, Bitcoin, primarily designed for peer-to-peer (P2P) value transfer between addresses, boasts a higher number of daily active users compared…
Binance Holdings CEO Changpeng Zhao (CZ) has dispelled rumors regarding the departure of Binance.US CEO Brian Shroder. CZ clarified that Shroder is currently “taking a well-deserved break” following a successful tenure at the company. Binance.US, a subsidiary of Binance Holdings, has recently witnessed the departure of several other high-ranking executives in the midst of legal challenges from the Securities and Exchange Commission and the Commodities Futures Trading Commission. In a statement made on September 15th via his Twitter account, CZ encouraged the public to disregard any fear, uncertainty, and doubt (FUD) surrounding the recent executive changes. He asserted that Shroder’s…
“On Friday morning in Asia, Bitcoin saw an increase in its trading value, surpassing $26,500, while Ether also experienced an upward movement, reaching over $1,600. In addition, all other top 10 non-stablecoin cryptocurrencies demonstrated gains, with Tron network’s TRX token leading the way with a 24-hour increase of over 3%. These price surges coincided with an announcement from Deutsche Bank, the largest German lender, stating its intention to offer cryptocurrency custody services. Additionally, U.S. stock futures exhibited a slight rise following a positive close on Wall Street on Wednesday, driven by robust economic data from the United States.” “Over the…
“In the months leading up to the August Litecoin halving, the price of the blockchain’s native LTC token consistently surged. This resurgence in interest drew investors back into the token, driving its price above the $100 mark. However, when the actual halving event occurred, it transformed into a classic ‘buy the rumor, sell the news’ situation. Subsequently, the token has experienced a downward trend, and there may be further challenges ahead.” Litecoin Trading Volume Declines After Halving “The Litecoin trading volume post-halving has fallen short of expectations. Investors anticipated increased demand for LTC following the reduction in its supply rate,…
“Ethereum (ETH) witnessed a 17% and 3% price surge following the two most recent Federal Reserve meetings on June 14th and July 25th, 2023. Now, on-chain analysis delves into how Ethereum’s price might respond to the impending Federal Reserve Rate announcement slated for September.” “Fluctuations in Ethereum’s Price!” “The price of the Ethereum smart contract platform surged by 17% between June 14th and June 21st, 2023, reaching $1,900. This significant price increase followed the Federal Reserve’s decision to maintain the interest rates at 5.25%, marking the 10th consecutive hike since March 2022. However, on July 25th, 2023, the Fed increased…
“In the wake of November’s FTX market crash, cryptocurrency investors began to withdraw from Solana, causing billions of dollars’ worth of SOL Coins to accumulate. Consequently, the values of FTT and various other cryptocurrencies dwindled. With the looming $1 billion sell-off pressure and declining SOL Coin Total Value Locked (TVL) in less active markets, significant repercussions appear imminent. So, what lies ahead?” Solana Coin SOL “SOL Coin has been enduring a tumultuous journey for nearly a year following the FTX crash. After plummeting to $8, it experienced a resurgence into the double-digit range spurred by a late-night tweet from Vitalik…
Analyzing the on-chain activity of Ethereum’s native cryptocurrency Ether (ETH), market intelligence platform Santiment has released a report revealing that the daily count of active Ether addresses surged significantly, reaching approximately 1,089,893 on September 13th. This recent increase marks the second-highest daily active address count ever recorded in Ethereum’s history. The highest number was documented on December 9th, 2022, coinciding with Ether’s recovery from losses incurred during the post-2021 bear market. Consequently, Santiment’s analysts suggest that the Ether market could witness heightened volatility, potentially paving the way for a resurgence. Moreover, this uptick in on-chain activity signifies a growing demand…
The Bitcoin price is gradually ascending beyond the $26,200 resistance level, with the potential for a bullish surge contingent on achieving a daily close above the $26,500 resistance. Bitcoin is exhibiting several positive signals above the $26,200 threshold. Currently, the price is trading above $26,000 and is supported by the 100-hourly Simple Moving Average. Additionally, an upward-trending bullish line is forming, offering support in the vicinity of $26,050 on the hourly BTC/USD chart (data sourced from Kraken). If the price can secure a close above $26,500 and subsequently surmount $27,000, it could initiate a fresh and robust rally. The Bitcoin…