Crypto Portal

2023-11-06 18:01:07 Why Ripple will win over SEC, according to this lawyer

Crypto courtroom drama set to wind down soon?
An intriguing aspect that has emerged during this legal battle is the rarity of the SEC suing a company for selling an unregistered security, while the price of that “security” increased during litigation.

Crypto community still critical of the SEC’s actions
Previously, on the 4th of November, attorney John Deaton suggested that a potential settlement of $20 million or less would be a resounding victory for Ripple. Open / Comment

2023-11-03 16:00:14 Ethereum: Can the new inverse ETF lure in more ETH bears

Something for the bears
The ProShares Short Ether Strategy ETF aims to provide returns that are inversely correlated to the Standard & Poor’s CME Ether Futures Index.

What will traders do?
At press time, the ETH Liquidation Heatmap pointed to a risk zone for Ethereum between $1700 and $1800. ETH’s price sat at $1793, which is quite close to this risky range. This means caution is needed when dealing with ETH in this price range. Open / Comment

2023-10-31 17:00:00 Avalanche explorer SnowTrace to halt operations

SnowTrace to move forward to “improved services”
Additionally, Phillip Liu Jr., the head of strategy and operations at Ava Labs, a prominent blockchain platform and technology provider, commented on the situation.

The Avascan team will introduce a new version of the block explorer, featuring a comparable interface and extending support to all C-Chains and Subnets. A live demo of “Snowtrace dev” is already accessible for testing. Open / Comment

2023-10-28 13:00:24 Will Chainlink’s developments help an overbought LINK preserve its drive?

Do the partnerships reflect on Chainlink’s network growth?
Chainlink’s Network Growth metric revealed that the largest spike in the last 12 hours was observed in November last year. Of course, there have been instances since then where network growth registers significant upside. It particularly occurs during periods in the market that are characterized by higher volatility.

The latest bullish rally in the last two weeks manifested as a relatively small spike in active addresses compared to its January spike. Nevertheless, LINK addresses have been growing. At press time, LINK had over $2.82 million addresses, notably higher than it did at the height of the 2021 bull run. Open / Comment

2023-10-26 17:00:07 No Tricks, Only Treats - Halloween Giveaway Alert!

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2023-10-25 16:30:19 FTX considers a revamp – Will it give the troubled exchange a second chance?

Partnership, sale, or independent reorganization on the horizon
Perella Weinberg Partners, tasked with investigating restructuring and capital market opportunities for FTX Group, has been engaging with various parties interested in acquiring the exchange’s legacy assets or partnering with the debtors for a potential relaunch.

Agreed “Amended Plan” in the works
FTX and its affiliated debtors proposed a “Customer Shortfall Settlement” last week to address long-standing customer property disputes. This settlement, part of an “Amended Plan,” is expected to be submitted to the Bankruptcy Court by 16 December. Open / Comment

2023-10-22 16:01:45 Bitcoin’s BRC-20 and Ordinals Inscriptions: Unraveling the decline

BRC-20 trading placed on hold
In a significant announcement made on 22 October, Magic Eden on Bitcoin revealed a temporary suspension of BRC-20 trading. The platform explained that this suspension is a precautionary measure to safeguard users while awaiting a complete consensus on Ordinals Inscriptions.

BRC-20 transactions declines
Data from Dune Analytics reveals that in September, BRC-20 experienced an impressive peak of 400,000 transactions. During that same month, BRC-20 transactions accounted for over 60% of the total BTC transactions. Additionally, the volume of these transactions contributed to more than 30% of the fees collected by the Bitcoin network.

Daily Ordinals Inscriptions drop with fees
Dune Analytics data showed that Ordinal Inscriptions have experienced a significant decline as well. In September, the daily inscriptions reached an impressive peak of over 400,000. Open / Comment

2023-10-20 18:00:59 Our friends at Bets.io are holding yet another amazing giveaway, and this time it’s bigger, badder and radder! Yeah, you heard it right — this time it’s five iPhones 15 Pro 256 GB and twenty five $200 cash prizes!

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Good luck and have fun at Bets.io! Open / Comment

2023-10-18 16:00:46 Why BNB Chain’s development could not bring BNB back to life

Delving into Greenfield
Greenfield is a novel blockchain solution that aims to emulate popular existing Web2 cloud storage solutions in performance while leveraging smart contracts as the underlying technology.

How did BNB react?
As per an earlier overview document, Greenfield’s native token for gas and governance would be BNB. Despite the deep linkages, the fourth-largest crypto didn’t react overwhelmingly to the news of the launch. Open / Comment

2023-10-13 17:30:32 New data shows Russian entities could be behind FTX hack

Intriguing clues uncovered in investigation
Elliptic’s report suggested that a huge portion of the stolen assets that can be traced through ChipMixer was mixed with funds from Russia-linked criminal groups. The funds were then sent to decentralized exchanges.

FTX court proceedings continue
In the ongoing court proceedings involving former Alameda CEO Caroline Ellison and FTX, shocking revelations have emerged. Ellison delved deeper into the web of deception orchestrated by Sam Bankman-Fried to sustain FTX. Open / Comment