Ethereum layer-2 network zkSync Era suffered an outage this week, which was triggered by one of the network’s automated safety procedures, according to the team. The zkSync Era team got an unwanted Christmas present on December 25 when the network suffered a five-hour outage. Systems are running normally now, and the team has provided a post-mortem explaining what knocked the…
The deadline is quickly approaching for Bitcoin exchange-traded fund (ETF) applicants to submit final updates to the United States Securities and Exchange Commission (SEC). “Any issuer that doesn’t meet that deadline will not be part of a first wave of potential spot bitcoin ETF approvals in early January,” a recent report stated. SEC Sets Tight Deadline for Changes to Filings…
Solana (SOL) has been one of the best-performing cryptocurrencies in 2023, starkly contrasting Ethereum (ETH). While SOL has increased by more than 1,000%, ETH has only moved upward by 90%. This raises the question: Can Solana flip Ethereum next year? What’s Behind the Solana Increase? Speaking to BeInCrypto, Julian Deschler, the Co-founder of Elusiv, discussed some of the reasons for the…
In a recent post, a popular altcoin cryptocurrency trader with over 400,000 followers on social media recounts a cautionary tale about investing on behalf of family members. Despite Altcoin Gordon’s warning about the risks of crypto investment, his aunty insisted he proceed, resulting in financial losses. Altcoin Trader finds Himself in Difficult Situation Altcoin Gordon announces to his followers that…
Market signals in the Far East are emerging for the first time since the last Bitcoin cycle top. The Korean premium is showing an overheated market, which could be a signal of a local Bitcoin top. The Korean premium, often referred to as the Kimchi premium, is when Bitcoin’s price might be listed at a higher price on a South…
James Butterfill, Head of Research at Coinshares, highlights a significant inflow of investments in the cryptocurrency market, reversing the trend from the preceding week’s net outflows, which followed 11 consecutive weeks of inflows. “US$103m inflows in digital assets last week, no report on Monday. Merry Christmas!,” Butterfill stated. Crypto Market Experiences Reversal in Inflows On December 24, in a post…
Michael Bouhanna, Vice President and Head of Digital Art at Sotheby’s, has declared a triumphant year for digital art at the prominent art brokerage, despite a year of mixed reviews for non-fungible tokens (NFTs). “2023 at Sothebys will remain one of the most exciting years for Digital Art,” he stated. Sotheby’s Record All-Time High Price for Digital Artwork In a…
The on-chain analytical platform, “Lookonchain,” posted on X (Twitter) that certain fresh whale wallets have been accumulating four tokens – Maker (MKR), Aave (AAVE), Immutable (IMX), and Fetch.AI (FET). The on-chain analytical tools can give the users a sneak peek into the whale activities. This is possible because blockchain is a public ledger technology that enables transaction transparency. Withdrawals from…
CoinEx, a big global crypto exchange, marks its 6th anniversary this December, celebrating with the theme “You Raise Me Up”. This occasion isn’t just a celebration but a symbol of the platform’s enduring dedication and innovation in the crypto trading world. For over six years, CoinEx has been focusing on user engagement, setting itself apart through a deeply ingrained user-centric…