AVAX, the native token of the Avalanche ecosystem has surprised the market, posting double-digit gains amid a drawback in the wider crypto space. AVAX token smashed through the $40 barrier on Dec.12 to reach an intra-day high of $43. At…
Category: Altcoin News
Why is Solana (SOL) price up this week?
Solana’s native token (SOL) surged by 17% between Dec. 7 and Dec. 8, reaching its highest level since May 2022. SOL’s fate changed dramatically on Dec. 1 when Brian Armstrong, CEO of Coinbase, revealed a plan to integrate the Solana…
Bitcoin the ‘main beneficiary’ as crypto funds notch 10-week streak
Bitcoin (BTC)-related investment products have become the “main beneficiary” of recent investor interest in crypto, amid growing anticipation of a spot Bitcoin ETF approval in the United States. A total of $1.76 billion of investors’ funds have flowed into crypto…
Crypto thieves steal $363M in Nov, the most ‘damaging’ month so far
The cryptocurrency industry has now seen its most “damaging” month for crypto thievery, scams and exploits, with crypto criminals walking away with $363 million in November, according to a blockchain security firm. Around $316.4 million came from exploits alone, flash…
Circle and SBI Holdings partner to boost USDC circulation in Japan
Circle, the stablecoin issuer behind USD Coin (USDC), is teaming up with Tokyo-based financial services firm SBI Holdings to boost the adoption of USDC and Web3 services in Japan. Circle said it concluded a memorandum of understanding (MOU) with SBI…
Director YOLO’d $4M of Netflix budget into Dogecoin, made $27M: Report
The director of Netflix’s sci-fi series Conquest reportedly used $4 million from the show’s budget to bet on Dogecoin (DOGE) and made $27 million in the process. Now the director, Carl Erik Rinsch, wants another $14 million from Netflix, according…
Yearn.Finance token tumbles 43%, community speculates on exit scam
Yearn.Finance’s governance token (YFI) plummeted over 43% in just five hours on Nov. 18 after rallying almost 170% early in the month, stirring fears about a possible exit scam. During the dramatic drop in value, over $300 million was wiped…
I spent a week working in VR. It was mostly terrible, however… – Cointelegraph Magazine
I just spent an entire week working in virtual reality using the new Meta Quest 3. While the experience still mostly sucked, I came away with some renewed optimism for VR in the workplace. As I took Ron’s outstretched, virtual…
Solana price hits a new 2023 high — What’s behind the SOL rally?
Solana’s native token, SOL (SOL), experienced an impressive 22% surge on Nov. 10, breaking past the $54 mark for the first time since May 2022. Notably, this surge occurred amid the continuous selling of SOL tokens by FTX’s bankruptcy estate.…
Solana price corrects as recent SOL rally factors come under question
Solana’s SOL (SOL) experienced a notable 36.6% increase in value between Oct. 30 and Nov. 2. However, it failure to breach the $44.50 mark resulted in a 10% correction down to $40 on Nov. 6. This movement has left many…