Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, has been ordered to jail by a New York judge. According to a report by MacKenzie Sigalos for CNBC, this decision came after federal prosecutors accused him of tampering with witnesses, leading to the revocation of his bail. The judge’s decision means that unless an appeal overturns this ruling, Bankman-Fried will […]

Data from blockchain analytics platform Santiment shows whales are eagerly stocking up on ADA, Cardano’s native cryptocurrency. The numbers of ADA added to existing wallets which hold between 100,000 and 10 million ADA, have soared to heights last seen in September 2022. Santiment wrote: “As Cardano sits just above $0.29, whales and sharks holding between 100K-10M $ADA have accumulated back […]

In the context of the constantly changing and complex cryptocurrency industry, Bitcoin is currently facing a critical point in its trajectory, as it confronts a range of heightened price pressures that pose significant challenges. The upcoming halving event in 2024 has generated significant anticipation, drawing attention to the complex interaction of various elements that contribute to the value and destiny […]

Solana (SOL) has managed to shake off recent price dips, rekindling bullish optimism among investors. This resurgence comes on the heels of a determined effort by sellers to flip the altcoin’s trajectory bearish, following a price rejection at the critical $29 resistance level.  However, SOL’s retreat from this resistance proved to be a strategic move as it found support in […]

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The DeFi ecosystem is yet to recover from the crisis brought on by the Curve Finance hack, and even though the issue seems contained, another set of exploits hit the DeFi ecosystem […]

Shytoshi Kusama, the lead developer of Shiba Inu, has boldly asserted that the upcoming Shibarium blockchain will outshine Elon Musk’s X platform and other major crypto projects like Worldcoin. On Wednesday, LUCIE, a notable Shiba Inu team member, shared a screenshot of Kusama’s proclamation in the Shibarium Discord group. The statement read, “With Shibarium, we will X-plain (apologies for the […]

The world of cryptocurrency exchanges, often clouded with volatility and competition, has recently been witnessing a distinct shift in dynamics, particularly as a Kraken is taking the lead in the US altcoin trading space. The latest data reveals Kraken, the California-based crypto exchange, is now dominating its rivals, specifically Coinbase, in the altcoin market. Dominating The Altcoin Trading Landscape Data […]

Binance, the world’s leading crypto exchange by trading volume, has reportedly applied to be registered in Taiwan under the Money Laundering Control Act and the Financial Supervisory Commission (FSC). The FSC reportedly informed dozens of domestic crypto service providers that Binance is applying for Anti-Money Laundering (AML) compliance, according to a report published in local media. The report cited Chen Peiyun, co-founder […]

Within the select group of the top 100 cryptocurrencies at the moment, Rollbit Coin (RLB) stands out as the best-performing project. The token has impressively increased by an astonishing 113% in the last week alone, and its daily performance charts also show an equally impressive gain of 30%. Recent statistics highlight Rollbit’s impressive financial accomplishments, with its income topping $2 million […]