Archive for December 2023
Solana, Avax, and Helium experience significant gains in digital assets this year. What’s in store for the future?
Predictions for 2024, according to market analysts. Solana In 2023, the Layer-1 blockchain Solana (SOL) led the way in terms of token price gains, closely followed by other altcoins Avalanche (AVAX), Stacks (STX), and Helium (HNT). The digital asset gains coincided with a strong performance by the largest cryptocurrency by market value, Bitcoin (BTC), amid…
DeFi at Risk as Ledger Faces Exploit; Sushi Cautions Against Engaging with Any dApps
The reported exploit prompts users to link their wallets through a pop-up, initiating a token-draining mechanism. Sushi, a decentralized finance (DeFi) protocol, faced a front-end exploit related to an industry-wide vulnerability associated with Ledger’s Connect Kit. Ledger, a manufacturer of hardware wallets, supplies the Connect Kit software used by DeFi protocols like Lido, Metamask, Coinbase,…
Record Options Trading Activity Propels Bitcoin (BTC) and Ethereum (ETH) to New Heights on Deribit
Options trading for Bitcoin (BTC) and Ethereum (ETH) on Deribit is experiencing unprecedented levels of activity. As of the end of the week, the total value of open BTC and ETH options contracts, referred to as notional open interest, reached a record-breaking $23.6 billion, according to Deribit’s Chief Commercial Officer Luuk Strijers in a statement…
Bitcoin Eyes $40K as $1B in BTC Withdrawals Suggests Bullish Mood
10 Years of Decentralizing the Future From May 29-31, 2024, in Austin, Texas, the epicenter of global activity in the crypto, blockchain, and Web3 space convened. The narrative supporting a potential surge in Bitcoin’s value to $40,000 or beyond by year-end has gained momentum, bolstered by a substantial withdrawal of over 37,000 BTC (worth $1.4…