[ad_1] In recent weeks, Solana (SOL), the 5th largest cryptocurrency on the market, experienced a period of decline, hitting a two-month low of $121 on Friday. The coin’s value struggled to break above the $188 level in May, resulting in a continuous downtrend further exacerbated over the past seven days with the general market’s correction. However, crypto analyst Jelle has sparked optimism by suggesting the potential for substantial gains for SOL in the coming months, reminiscent of the fabled “Solana Summer” of 2021. Analyst Draws Parallels To 2021’s “Solana Summer” Jelle took to social media to share an analysis of…
Author: dfrancis36
[ad_1] The stunning fall of Sam Bankman-Fried’s (SBF) once-mighty FTX exchange, in November 2022, is still causing havoc in the crypto space. Nearly two years later, the legal reckoning is still ongoing as former FTX executives Nishad Singh and Gary Wang are ready to face punishment for their part in the multi-billion dollar scam. Cooperation Might Get Lighter Penalties According to a most recent update to the court docket, Singh and Wang will be sentenced on October 30th and November 20th respectively. Both CEOs chose plea agreements, acknowledging guilt on several offences including wire fraud and conspiracy. Although their collaboration…
[ad_1] Bitcoin is encouragingly firm at press time, finding its footing above $58,000 and inches away from the critical $60,000 psychological level. After a volatile week, the stability is a massive boost for bulls. While there are pockets of strength, sellers are still in control. For the uptrend to take shape and buyers to build momentum, bulls must reverse July 4 and 5 gains. Is This The Right Time To Buy Bitcoin? Amid this bullish optimism, one analyst on X said BTC is at the perfect point if price action post-Halving over the years is anything to go by. In…
[ad_1] Today marked the first public court hearing in the US Department of Justice’s (DoJ) case against Samourai Wallet developers William Lonergan Hill and Keonne Rodriguez since May 28, 2024, when Rodriguez appeared in court for the first hearing on the case.I attended the hearing for William Lonergan Hill (TDevD/@SamouraiDev) in the Southern District of New York on behalf of @BitcoinMagazine today.Here's what I learned: #FreeSamourai #WhereIsTDevD #SamouraiWallet pic.twitter.com/VtZdQd4IJu— Frank Corva (@frankcorva) July 10, 2024 Hill appeared in the courtroom after his uncontested extradition from Lisbon, Portugal, where he currently resides.The prosecution did most of the talking in the hearing.It…
[ad_1] An Ethereum whale has caused panic among community members following a recent transaction suggesting they might be looking to offload their holdings. This comes amid a recent prediction by research firm Matrixport that Ethereum’s price could significantly rebound from its current price level. Ethereum Whales Transfers 11,215 ETH Onchain data shows that the Ethereum whale transferred 11,215 ETH ($34.3 million) to the crypto exchange Coinbase. A trader usually makes such a move when selling these tokens, and considering the amount of tokens involved, such a sale could significantly impact ETH’s price. However, data from the market intelligence platform IntoTheBlock…
[ad_1] Starknet, a Layer-2 network on Ethereum, is poised to open staking on its ecosystem by the end of 2024. The announcement, made by StarkWare’s CEO Eli Ben-Sasson at the Ethereum Community Conference in Brussels, marks a significant milestone in Starknet’s decentralized journey. This article explores the details of the Starknet staking launch, its phased rollout, and the potential opportunities for users and developers. Starknet Improvement Proposal: Eli Ben-Sasson introduced a Starknet Improvement Proposal that outlines the staking process for the Starknet ecosystem. According to the proposal, users will have the option to become stakers, with rewards proportional to the…
[ad_1] Today’s webinar hosted by the Energy Information Administration laid out their plans for future efforts on data collection surveys targeted at Bitcoin mining operations based in the United States after an agreement was reached the 1st of March this year to cease the prior emergency survey and destroy all records collected during its operation. They have clarified that currently no outstanding survey attempt exists on the Federal Registrar or is in motion at this time, and the purpose of the webinar was to seek feedback from members of the public and participants in the ecosystem on the types of…
[ad_1] Ethereum, mirroring the performance of Bitcoin and other top altcoins, is back above $3,000, days after the fall below $2,800. As the second most valuable coin recovers, injecting optimism among crashed token holders and traders, a close above $3,200 will be crucial in catalyzing demand. Ethereum Rising: Will Bulls Push Above $3,200? According to IntoTheBlock on July 10, if Ethereum edges above the $3,200 level, it will be a massive development for traders. When this happens, an estimated two million entities who traded ETH at this price point will be in the money. Roughly 2 million traders will be…
[ad_1] Ethereum staking benchmarks, such as the Composite Ether Staking Rate, are becoming essential tools for operators to measure performance, optimize operations, and gain a competitive edge in the digital asset market. As the CFO of Pier Two, Tom Whitton, highlights, these benchmarks provide a reliable standard for staking service operators, helping them to differentiate their products and enhance their offerings. The Importance of Staking Benchmarks: Staking benchmarks are critical in creating structure, standardization, and comparability for financial products in the digital asset market. The CESR, developed by CoinDesk Indices and CoinFund, measures the average staking rate across the Ethereum…
[ad_1] Bank of Israel (BOI) has postponed the launch of the digital shekel until the European Central Bank (ECB) unveils its digital euro, Reuters reported. BOI will wait for major Western central banks to take the first step in adopting central bank digital currencies (CBDCs). Digital Shekel Debut BOI’s Deputy Governor Andrew Abir told the media publication: “We are all waiting for the first western central bank to pull the trigger, which is almost certainly going to be the ECB. And then you may see a rush of countries going forward with it.” As of March, 134 countries, encompassing 98%…