Author: Sollcrypto
The newly appointed management at the defunct crypto exchange FTX appears to be considering the sale of its substantial Solana (SOL) holdings, as indicated by recent movements of tokens from their wallets. Solana’s co-founder has proposed a “win-win” solution in response. Data shared on Twitter highlights that FTX’s cold storage wallets, as identified through the Solscan blockchain explorer, initiated the transfer of their SOL holdings yesterday. Collectively, these FTX wallets contain nearly 7 million SOL, equivalent to approximately $134 million at current market prices. Last year, the Solana Foundation disclosed that it, along with Solana Labs, had sold a total…
Cardano recently shattered its RSI divergence, pushing its current trading price to approximately $0.256 as of September 1, 2023. While this surge may initially appear promising, the market’s subdued response suggests it may not sustain a long-term bullish trajectory. Cardano has grappled with a stagnant price for some time. Despite the recent RSI divergence break injecting fresh hope into the asset, the market’s lukewarm reaction presents a different narrative. The current trading price of $0.256 reflects investor uncertainty regarding Cardano’s future prospects. Furthermore, the absence of a substantial increase in trading volume raises questions about the durability of this recent…
With the recent rally in the price of Bitcoin and the broader cryptocurrency market, Bitcoin Cash (BCH) holders have experienced a welcomed uptick in value, pushing them back into profitable territory. The majority of investors have now seen positive returns after a significant double-digit climb in the past week. However, the crucial question remains: Can the upward momentum of BCH’s price be sustained? Both Short-Term and Long-Term Bitcoin Cash Holders Reap Profitable Returns In a post on Thursday, the on-chain data monitoring platform Santiment revealed that both short-term and long-term holders of Bitcoin Cash are currently experiencing positive outcomes. The…
Amazon Prime is distributing complimentary gaming NFTs to its subscribers through the Prime gaming portal. With a monthly subscription fee of $15, users gain access to an assortment of free NFTs accessible on the platform, which can be utilized within the corresponding blockchain games. The offerings range from unique skins to playable characters. To acquire these rewards, interested participants can peruse the selection of “in-game content” on the website and then proceed to “claim” their desired items. One of the free packages encompasses an NFT featuring Dawn Striker, a champion from the strategy game Mojo Melee based on the Polygon…
Ivan Bianco, a YouTuber from Brazil known for his blockchain gaming content on the channel “Fraternidade Crypto,” reportedly experienced a loss of nearly $60,000 worth of cryptocurrency and a collection of NFTs this week. The loss occurred due to his unintentional exposure of his crypto wallets’ seed phrases during a livestream. During the livestream, Bianco inadvertently displayed a document containing his seed phrases, inadvertently granting unauthorized individuals access to his wallets and leading to the alleged theft of his assets. Fraternidade Crypto has gathered around 34,000 subscribers on YouTube and has accumulated over 2.2 million views across all videos since…
A minimum of five Ethereum liquid staking service providers have implemented or are in the process of implementing a self-imposed restriction, vowing not to exceed 22% ownership of the Ethereum staking market. This action is seen as an effort to maintain the decentralized nature of the Ethereum network. Notable among these Ethereum staking service providers that have already committed to or are in the process of committing to the self-limit rule are Rocket Pool, StakeWise, Stader Labs, and Diva Staking. These actions have been confirmed by Ethereum core developer Superphiz. Additionally, Puffer Finance, another liquid staking service, has also publicly…
Despite facing criticism for illicit or predatory behavior, the crypto ATM industry is flourishing in the United States, as revealed by a report issued by the Federal Reserve Bank of Kansas City. The report highlighted the expanding customer base of crypto ATMs, which could benefit from enhanced education about cryptocurrencies. Crypto ATMs facilitate the conversion of Bitcoin and often other cryptocurrencies or stablecoins into or out of fiat currency. Similar to traditional ATMs, these crypto ATMs are commonly situated in high-traffic areas and levy a fee for their services. This fee has sparked controversy in the crypto ATM realm, as…
“Binance Australia GM, Ben Rose, Expresses Strong Confidence in Australian Regulators’ Approach to Crypto Regulations Ben Rose, the General Manager of Binance Australia, has conveyed his firm belief that Australian regulatory authorities will ultimately make well-informed decisions regarding the legal framework for digital assets within the nation. Speaking to Cointelegraph during the Intersekt Fintech conference held in Melbourne on August 31, Rose emphasized the presence of highly capable individuals within the government who are diligently working on crypto policies. He expressed his optimism, stating, ‘There are lots of very smart people in the government working really hard on [crypto] policy,…
Brian Armstrong, the CEO of Coinbase, has revealed his enthusiasm for ten specific crypto ideas that he envisions as pivotal for the future of the industry. He expressed his desire for developers to capitalize on the bear market conditions and elevate these ideas to a higher level. In an article and presentation on August 30, shared via the company’s blog, Armstrong outlined his perspective on the crypto landscape’s potential trajectory. He highlighted concepts that he believes possess the capability to thrive in the digital asset realm. Armstrong remarked, “I decided to share my top 10 ideas with the hope that…
Enthusiasts of Cardano (ADA) are closely monitoring the charts as the cryptocurrency’s price takes shape within a distinct triangle pattern, signaling an imminent breakout that holds the potential for a significant shift in its trajectory. This technical arrangement arises when an asset’s price fluctuations become confined within converging trendlines, resulting in a triangle-like formation on the chart. Traders interpret this pattern as a period of consolidation, often preceding a substantial price movement. With Cardano’s price coiling within the boundaries of this triangle pattern, traders are preparing for a possible decisive breakout in the upcoming days. The prevailing trend indicates the…