The amount of Bitcoin held “underwater” in wallets continues to increase, hitting levels never seen in history. Bitcoin (BTC) is beating records this Christmas as sub-$17,000 price action sparks unrivaled pain for hodlers. Data from on-chain analytics firm Glassnode shows that both short-term and long-term investors are sitting on more losses than ever before. New...Continue Reading

Bitcoin and Ethereum are not part of the surprising list of five best and worst-performing cryptocurrencies for 2022. Cointelegraph looks back on the best and worst-performing cryptocurrencies of 2022 among the top 100 assets by market capitalization. We used the highest and the lowest year-to-date (YTD) returns through the close of Dec. 25, 2022. Overall,...Continue Reading

The Defrost team will conduct a scan of on-chain data to find out who owned what prior to the attack. After recovering the funds lost in a recent flash loan exploit, decentralized leverage-trading platform Defrost Finance is planning to return the funds to their rightful owners, according to a new announcement.  In a Medium post,...Continue Reading

The article bizarrely contrasts the alleged fraud carried out by Sam Bankman-Fried with gang violence on the Bahamian island of New Providence. The online community including some cryptocurrency figures has condemned the latest so-called “sympathy” article from The New York Times written about FTX founder Sam Bankman-Fried. In the Dec. 26 article published titled “In the...Continue Reading

ASIC miners’ price per terahash has fallen more than 80% from its peak in 2021 as Bitcoin mining machines continue to flood the marketplace. Bitcoin ASIC miners — machines optimized for the sole purpose of mining Bitcoin — are currently selling at bottom-of-the-barrel prices not seen since 2020 and 2021, in what is being viewed...Continue Reading

Martin Shkreli outlined that “Sam isn’t exactly gonna be somebody that fits into prison” and that he needs to rebrand himself to fit in and make friends. FTX founder Sam Bankman-Fried has been given some free advice on surviving federal prison by former white collar criminal Martin Shkreli, also known as “Pharma Bro.” Shkreli, who...Continue Reading

The migration of Solana’s top two NFT projects to Polygon and Ethereum is set for the first quarter of 2023 on an opt-in basis. Nonfungible token (NFT) firm Dust Labs is migrating its two top-performing Solana NFT projects — DeGods and y00ts — onto Ethereum and Polygon in a bid to expand their adoption.  The...Continue Reading

The owner of the internet-famous Shiba Inu dog posted on social media saying Kabosu is in a “dangerous position” after falling ill on Christmas Eve. Kabosu, the Shiba Inu dog behind the face of Dogecoin (DOGE) and the “doge” meme is in a “dangerous position” healthwise, according to her owner. In a Dec. 26 Instagram...Continue Reading

Newly filed trademark applications outline a long list of possible avenues for the firm in the Metaverse. $4.2 trillion asset management firm Fidelity Investments has filed trademark applications in the United States for a host of Web3 products and services, including a non-fungible token (NFT) marketplace and financial investment and crypto trading services in the...Continue Reading

Sophisticated malicious outfits are keeping up with current trends, turning their sights on crypto users following the bankruptcy of FTX. Professional scam organizations are targeting cryptocurrency users following the collapse of FTX, initiating millions of automated calls and text messages in an attempt to swindle information and funds. Clayton LiaBraaten, senior executive adviser at Truecaller...Continue Reading