FTX Debtors Release Estimated Values for Cryptocurrency Claims, Bitcoin Priced at $16,871 per Coin
Source: Adobe / Александр Поташев FTX Trading Ltd. affiliated debtors have submitted a motion for the entry of an order estimating the value of claims related to digital assets and fiat currency, including customer entitlement claims. In a filing made on December
Blockchain Security Firm Says Pink Drainer Responsible for $4.4 Million LINK Exploit
Source: AdobeStock / Tomasz Bidermann Cryptocurrency hacking group, Pink Drainer has been linked to the recent $4.4 million LINK user drain, increasing the number of their victims to 9,068 with a total of $18.7 million stolen. According to on-chain analytics firm Etherscan,
What Is a Bear Trap in Trading?
What Is a Bear Trap in Trading? Have you ever tried entering a short trade thinking the bullish market trend is losing momentum and the price you’re trading is about to bite the dust, only for you to receive a margin
Gross Profit Formula and Calculation Examples
Gross Profit Formula and Calculation Examples Gross profit is a crucial financial metric that represents a company’s profitability before accounting for operating expenses, taxes, and other costs. It’s a fundamental indicator for assessing a company’s ability to generate profit from its
What Is the Statement of Retained Earnings?
What Is the Statement of Retained Earnings? A statement of retained earnings is a financial statement that provides important information about a company’s retained earnings over a specific accounting period. Key takeaways It bridges the gap between the income statement and balance sheet
Bitcoin Price Prediction: BTC at $42,650, Is Downtrend Looming?
In the fluid world of cryptocurrency, Bitcoin (BTC/USD), the trailblazer of digital currencies, finds itself at a pivotal juncture. As of December 29, Bitcoin’s price hovers at $42,627, reflecting a 1.82% decline in the past 24 hours. This downturn brings
Cryptocurrency Predictions 2024: What Experts Foresee
Cryptocurrency Predictions 2024: What Experts Foresee As we move into 2024, the cryptocurrency world continues to evolve at a breathtaking pace. This year promises exciting developments and potential shifts in the market. In this article, we’ll explore various facets of the
This Solana Alternative is poised to beat the Market Cap of SOL, hint Experts
In the ever-evolving world of cryptocurrencies, competition among blockchain platforms is fierce. Solana (SOL), with its lightning-fast transactions and impressive scalability, has secured its spot among the top cryptocurrencies. However, there’s a new contender on the horizon that’s catching the
Vitalik Buterin Blames Rising Transaction Fees for Web3’s Drift from Decentralization
Source: ShutterStock In a recent blog post titled “Make Ethereum Cypherpunk Again,” Ethereum co-founder Vitalik Buterin expressed concerns about the veering trajectory of Web3 from its original vision. Buterin contends that the foundational principles of Web3 have gradually receded as various projects
Terraform Labs CEO Do Kwon Violated US Securities Law, Says Judge
Source: Terra / YouTube US District Judge Jed Saul Rakoff said on Thursday, Terraform Labs CEO and founder Do Kwon violated the US securities law by failing to register UST and LUNA as securities. Rakoff, a judge at the US District Court