Solana (SOL), a proof-of-stake blockchain, has recently launched version 1.16, bringing significant advancements in user privacy through the implementation of “Confidential Transfers.” This upgrade includes encrypted Solana Program Library (SPL) token transactions, ensuring confidentiality while prioritizing user privacy over anonymity. After ten months of development and an audit by Halborn, a blockchain security firm, the
Bitcoin
In the world of cryptocurrencies, Ethereum (ETH) has been riding high for the past two years, consistently outperforming its competitors. However, according to analysis from one technical expert, this trend is about to change, and Solana (SOL) could be the one to take its place. With a careful examination of the SOLETH chart on a
Bitcoin’s recent price movements have left investors wondering whether the cryptocurrency’s rally can regain momentum. According to on-chain data, there is a crucial level that Bitcoin must conquer for a strong comeback. Analyst Root shared an interesting chart that reveals the importance of short-term holders’ cost basis or the realized price (STHs) in determining the
The recent launch of futures-based Ethereum exchange-traded funds (ETFs) failed to live up to expectations, with shallow trading volumes indicating a lack of interest in ETH exposure. Despite the opportunity for individual investors to access the second-largest cryptocurrency through brokerage accounts, most of the Ether ETFs experienced losses on their debut, with a combined trading
Optimism (OP) has experienced significant gains in the cryptocurrency market, with its price trading at $1.45 and a 5% increase in the last 24 hours. Over the past seven days, the price of OP has surged by 15%. This upward movement in OP’s price coincides with the overall recovery in the crypto market. However, it
In one of the most significant exploits in the crypto space, the now-defunct FTX exchange fell victim to a hack a few hours after declaring bankruptcy, leading to a loss of more than $600 million. The aftermath of this incident is still being felt, as evidenced by recent developments regarding the FTX exploiter. According to
The asset management firm Valkyrie, which has been at the forefront of the race to launch the first Ethereum Exchange-Traded Fund (ETF) in the United States, has made the decision to pause its purchase of Ether futures contracts. This change in strategy comes shortly after Valkyrie reportedly obtained approval to offer investors exposure to Ether
The future of XRP, the cryptocurrency associated with Ripple, has been a subject of much speculation and uncertainty. While some analysts remain skeptical about its potential for growth, there are several macro and micro factors that could significantly impact the token’s price. In this article, we will delve into these factors and explore the possibilities
Hong Kong-based cryptocurrency exchange Hashkey has announced that it will support trading the Avalanche (AVAX) token on its platform. This move is expected to increase adoption and provide an opportunity for investors. However, there is an interesting requirement that traders must meet before interacting with this cryptocurrency on the exchange. On September 27, Hashkey announced
The recent report by Bloomberg analyst Jamie Coutts sheds light on the growing interest of asset managers in Bitcoin. While the focus initially revolved around exchange-traded funds (ETFs), Coutts reveals that prominent global asset managers, including BlackRock, Vanguard, and State Street, have been actively involved in the Bitcoin mining industry for over three years. This