Explore our list of cryptocurrency bankruptcies in 2023, including detailed insights into major exchange collapses. It is clear that 2022 has been the worst year for cryptocurrencies. The serial collapse of two industry giants, Terraform Labs (responsible for LUNA and UST) and FTX, ushered in one of the harshest cryptocurrency winters in recent history. Ultimately, there were many bankruptcies, layoffs, and closures across the market. 2023 will therefore see most of the fallout compared to previous years, with major insolvency proceedings for former market leaders such as Chelsea, Voyager, Three Arrows Capital (3AC), BlockFi and FTX progressing through various stages.…
Author: Crypto Flexs
Read More
Ethereum is a protocol undergoing significant change. The client team is upgrading the protocol to meet global demand while improving security and decentralization. Aside from protocol development, a significant change for Ethereum has been the move away from the terminology ‘Eth1’ and ‘Eth2’. As of late 2021, core developers have stopped using the term., preferring an ‘execution layer’ and a ‘consensus layer’ respectively. Today as follows Highlighted in Q1 Roadmap, ethereum.org Makes the same changes. Eth1 → execution layerEth2 → Consensus layerExecution layer + Consensus layer = Ethereum Let’s see why. Tl;dr; The terms Eth1 and Eth2 (Ethereum 2.0) are…
Polygon’s native cryptocurrency, MATIC, has seen a surprising resurgence in recent days, with its price surging more than 20%, breaking the significant $1 barrier. This surge comes with record trading volume exceeding $400 million on the Polygon network. key point MATIC price recently surged more than 20%, breaking the $1 barrier. Polygon trading volume reaches a new milestone of $400 million. MATIC emerged from a symmetrical triangle with the potential to reach $1.73. Analysts predict that MATIC is preparing for a breakout rally, possibly reaching $5. MATIC’s 2021 rally saw it gain a massive 9,400%. Analysts have highlighted on the…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. In the ongoing Rebel Satoshi (RBLZ) presale, holders can stake and receive rewards. XRP bulls expect the price to reach $1.205 in January 2024. As the cryptocurrency market slows ahead of a potential U.S. Federal Reserve (Fed) interest rate hike, altcoins like XRP and Rebel Satoshi (RBLZ) continue to show strength. XRP price prediction Analysts believe that XRP has the potential to rise in the near term. On December 19, XRP Ledger (XRPL) saw token burns surge to their…
Decoupling between Musk’s tweets and DOGE’s price action has been profound. DOGE can’t be written off just yet, given its origins and massive popularity. Dogecoin (DOGE) has maintained its spot as the top meme coin in the world for many years now. However, several criticisms have been made against the meme coin because of its lack of real-world usability. Since launch, DOGE has always remained a so-called puppet of Elon Musk, as his remarks have often worked as a trigger for the meme coin’s price action. Though at first glance, Dogecoin might seem to have no development going around it,…
October 18th Changelog: Version 1.82 Posted at 14:42h From the change log Maria Lobusova The Bitfinex changelog is an overview of all performance and UI changes made to the Bitfinex trading platform. For an overview of all previous changes, see blog.bitfinex.com/category/changelogs. Version 1.82 characteristic The look and feel of the order book interface settings and several pop-ups (order history, information mode, billing location, calculator, ticker settings, PNL sharing, notifications) has been updated.Added Vietnamese language supportAdded support for affiliates of Turkish domains.Added notice for UK-based users regarding UK marketing regulations. improvement Updated Tether token and XAUt deposit notifications for Polygon zkEVM…
OKX Announcement It announced on Friday that it would delist 20 trading pairs by January 5, including a major privacy coin. Monero XMR -1.55% , dash dash -5.91% and Zcash ZEC -8.34% . The cryptocurrency exchange explained that the pair did not meet its listing criteria and did not provide further details.The first group of pairs that will be pulled from the platform on January 4th are: K.S.M. +2.93% -USDC, FLOW-USDC, JST-USDC, KNC-USDC, ANT-USDC, FSN-USDT, ZKS-USDT, CAPO-USDT, CVP-USDT. XMR-BTC, XMR-ETH, XMR-USDT, It’s possible. The listing will be delisted.On December 27, the platform suspended user deposits of FSN, ZKS, CAPO, CVP,…
Ethereum co-founder Vitalik Buterin argued that Web3’s original vision of a more open Internet stack had “more or less faded into the background.”In a lengthy blog post, Buterin identified rising transaction fees as the “number one cause” of Web3’s departure from its ideals. He claimed that ENS is the only non-financial application being used at scale, opening an “ideological rift” between the cryptocurrency world and non-blockchain decentralization proponents who now see cryptocurrencies as a “distraction.”Buterin also argued that “few people are talking about consumer cryptocurrency payments,” and that if people use cryptocurrencies to trade or save money, they will have…
On December 28, the company announced that its fleet of 3,750 Bitcoin ASIC miners purchased last year had already become profitable due to the coin’s price surge. Hive Digital, a Canadian Bitcoin mining company, recently successfully closed a $22 million private funding round. The company achieved this milestone by selling 5.75 million special warrants at a price of $3.87 each, generating total revenue of $22 million. This funding round will enable the company to support the growth of its Bitcoin mining business as well as provide working capital for general corporate purposes. Bitcoin mining plays an important role in supporting…
join us telegram A channel to stay up to date on breaking news coverage There is a new trend in the cryptocurrency market called “Gameified Green Stake” and it seems like everyone in the cryptocurrency market wants to get in on it now. The project that brought this to the user is Green Bitcoin (GBTC)It seems that the rumors have become a reality because there has been steady investment in pre-sale. Want to participate? How exactly does staking work? The answer to the latter is that users can make money by making accurate predictions about the price of BTC. Read…