Category: Cryptocurrencies
ETHEREUM, POLYGON, AND BITGERT THIS WEEKEND | WHY BITGERT TO WATCH
Despite yesterday’s gloomy conclusion, the cryptocurrency market seems promising this morning. The majority of coins are holding steady, which could mean an increase in price within the next few hours. Although the majority of coins are in green, Bitgert (BRISE), Ethereum (ETH), and Polygon (MATIC) are expected to see particularly strong price performance over the…
LUNC News: Binance To Likely End Its Terra Classic ($LUNC) Burn, Here’s Why
Proposal 10983 risks Binance ending its LUNC burn mechanism as developers look for utility. The price of Terra Classic has increased by 10% following the latest burn. Binance, the world’s largest cryptocurrency exchange, will eliminate LUNC spot and margin trading fees to help Terra Classic. Proposal 10983 has divided the community along burning and utility…
Over 10K Bitcoin (BTC) Moved To Crypto Exchange, Are Miners Selling?
Large amounts of Bitcoin moving to crypto exchanges as miners start to liquidate their BTC holdings amid the financial crunch. The price of bitcoin went up after Federal Reserve Chair Jerome Powell said that rate hikes might be slower in December and in the future. At its peak, the price of bitcoin was $17,194, and…
Is Solana (SOL) Still A Good Investment in 2023?
Solana has been having a rough time in recent weeks due to its ties with FTX, but it is trading in the green today. So is Solana (SOL) still a good investment in 2023?Solana was trading 2% higher at $13.89 intraday, attracting investors. Overall, the cryptocurrency market is on the mend today, with a 0.93…
Dogecoin Price Update: DOGE Price Skyrockets By 28% In Last 7 Days; $1 Ahead?
Dogecoin Price Update: The value of one Dogecoin rose by over 10%, from $0.093 to $0.104. Relatively few transactions occurred at the pump, which was unexpected. The value of Dogecoin has risen by 28 percent in the past week. Amid his feud with Apple, also known as “Dogedaddy’s Feud,” Tesla CEO Elon Musk announced plans…
FTX stake in US bank raises concerns about banking loopholes
Many more of FTX’s unethical practices were revealed when it declared bankruptcy. Concerns have been raised again about the company’s business practices and whether or not FTX is taking advantage of banking loopholes after it was revealed that it owns a small bank in a small town in rural Washington. The renamed Farmington State Bank…
Why Are Bitcoin & Ethereum Rising Today? Explained
After being in the red for four straight days since Saturday, the cryptocurrency markets turned green on Wednesday. Ethereum has gained steam, increasing by 7% in the past 24 hours, while Bitcoin has increased by nearly 6%. After the FTX-caused crash that erased nearly $250 billion in market cap, the markets appeared to heave a…
SNM Crypto over $4 after 24-48-hour surge
According to CoinMarketCap, a website that keeps tabs on the cryptocurrency market, SONM (SNM), a crypto project that was thought to be dead, has surged 1,870.15% over the last 24 hours. This means that the current price of SNM is $4.02. Against the two market leaders in the cryptocurrency space, Bitcoin (BTC) and Ethereum (ETH),…
Teams and Athletes rush to cancel FTX contracts
It’s been a bad month for FTX so far, with the company’s former CEO, SBF, filing for Chapter 11 bankruptcy a week ago. The now-defunct cryptocurrency exchange and its disgraced founder paid about $375 million for long-term FTX contracts with teams and athletes. Athletes were also offered a stake in the company. Most of them…
Forbes Calls Almeda Research CEO Caroline Ellison a “Math Whiz”
Forbes has written an article calling Alameda Research CEO Caroline Ellison a “math whiz,” which is hard to believe. while she was responsible for the loss of over $9 billion in FTX customer funds. The cryptocurrency market has been devastated by her role in the FTX collapse. A recent Forbes article, however, appears to have…
