BTC price action keeps traders nervous going into the holiday period as Bitcoin faces the pressure of the yearly close. Bitcoin (BTC) starts a new week in risky territory as sell-offs from whales mark a change in mood. The latest weekly close has done little to comfort nervous traders as a pause in “up only”...Continue Reading

More than $118 million in legal and advisory fees were billed to the bankrupt crypto exchange between August and October or $1.3 million per day. Crypto exchange FTX has been burning through approximately $53,000 every hour over the three months ending Oct. 31 — just on bankruptcy lawyers and advisers, the latest round of compensation...Continue Reading

Bitcoin is not the only network getting clogged up with Ordinals inscriptions, with weekend activity on EVM chains also spiking. Network transaction fees across all blockchains have spiked over the weekend as the Ordinals inscriptions craze continues to push demand for blockspace — not just on the Bitcoin network. Inscriptions on Ethereum Virtual Machine (EVM)...Continue Reading

“It’s impossible for me to imagine some other internet store of value [will] leapfrog Bitcoin,” said Jan van Eck as he made his bullish case for BTC. The CEO of investment management firm VanEck says he can’t see a world where Bitcoin (BTC) is overtaken as the leading store of value on the internet. “I...Continue Reading

After months of tepid sales, the Solana Saga phone is now “SOLD OUT” on its official website amid a recent frenzy for the free Bonk memecoin airdrop. A Solana Saga phone appears to have sold for as much as $5,000 on eBay — more than eight times its retail cost — after a frenzy to...Continue Reading

The average APR offered by blockchain credit protocols is 9.65% compared to an average personal loan interest rate of 11.5%, data shows. Blockchain-based lending is regaining momentum this year, with the value of active tokenized private credit now sitting at $582 million — a staggering 128% increase from a year ago. While still far off...Continue Reading

Cryptocurrency mixers face a dilemma between preserving financial privacy freedom or embracing increased compliance measures to avoid U.S. scrutiny. Tornado Cash — a cryptocurrency mixer service that can hide the origin of crypto transactions — hit the headlines after being sanctioned by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC)...Continue Reading

Gaming studio founders Yat Siu and Johnson Yeh think more people are coming to Web3 next year — and blockchain games are why. Crypto market hype and the “commercial release” of several highly anticipated blockchain games will likely onboard “tens of millions” gamers to Web3 in 2024, according to Web3 gaming execs. “2024 is a...Continue Reading