The bankruptcy court has approved an extensive probe into the relationship between Sullivan & Cromwell LLP, a leading law firm, and FTX, the cryptocurrency exchange that filed for bankruptcy in November 2022. This ruling is a stepping-stone to the scrutiny of the legal firm’s role and actions prior to and during FTX’s bankruptcy proceedings. Scrutiny […]

The bankrupt cryptocurrency lending firm Celsius has initiated efforts to recover approximately $2 billion. A significant portion of the total amount put to fundraise, that is, $1.2 billion, was withdrawn by the big customers from the company before it was declared bankrupt on July 22, 2022. Bloomberg, in their report dated March 20, reveals that […]

According to a published Status Update, there has been an increase in transaction fees on the Base Network owing to another Coinbase congestion saga.  Coinbase Congestion Triggers High Gas Fee The American cryptocurrency exchange shared an update informing its users of the sudden high network traffic on the Ethereum-based Layer-2 protocol causing an equally high […]

The United States Securities and Exchange Commission (SEC) has announced a delay in its decision regarding the approval of the VanEck spot Ethereum ETF. This move extends the timeline for a verdict until May 23, 2024. The delay comes on the back of a number of postponements relating to other Ethereum-based ETF applications, with those […]

Gala price analysis: Gala, the token powering the Gala Games ecosystem, has witnessed an impressive uptick in its value over the previous month. This surge propelled the token past the $0.080 benchmark, culminating in a dramatic 90% increase.  However, this positive momentum was short-lived, giving way to a swift market adjustment in recent days. As […]

The Federal Reserve (Fed) has decided to keep interest rates steady. This decision leaves the benchmark overnight interest rate in the 5.25% to 5.50% range. The Federal Reserve’s decision comes after a two-year period of aggressive monetary policy tightening. This was in response to a significant inflation surge, reaching a 40-year peak. The central bank’s […]

Over the past two weeks, the crypto market has witnessed a notable downturn following the lead of Bitcoin price which recently plunged below $65000. While the aggressive selling price sparked a correction phase in most major coins. The Avalanche coin price shows notable resilience above $50 psychological support. Will this demand pressure trigger a fresh […]

The token powering the seventh-largest cryptocurrency ecosystem by market capitalization, XRP price, saw its plans of reaching $1 in March go up in flames as cryptocurrencies generally corrected from their recent highs. XRP plunged from $0.7484 — the highest level achieved in 2024 to $0.5689 in tandem with Bitcoin’s dive to near $60,000. Ethereum also bled profusely, falling from […]

Solana (SOL) has recorded a bullish drive in recent months as the wider cryptocurrency market activity surged.  The community dubbed ETH killer soared following a memecoin frenzy, wider market gains, institutional inflows to investment products, and the wider market uptick. However, in the last 24 hours, Solana has plummeted 6.22% amid ongoing cryptocurrency liquidations.  Solana […]

According to the Cardano founder Charles Hoskinson, 2030 we may expect enhanced computational capabilities. His prediction suggests that standard gaming PCs will run models with 1,000 times the power of today’s leading AI, Mixtral. While this forecast has originated from high-performance hardware and model training, the database itself requires a powerful CPU to run. Hoskinson […]