On December 16, 2023, FTX, along with its affiliated debtors, unveiled their reorganization plan, which is set to take effect on January 3, 2025. This marks a critical moment in the recovery process for creditors impacted by the exchange’s notorious collapse in November 2022, which resulted from mismanagement and misuse of customer funds by its
The cryptocurrency market in 2024 experienced a remarkable shift, with meme coins emerging as the main characters in a rapidly evolving narrative. The influence of these tokens on the market cannot be understated, as they collectively garnered over 30% of global investor interest, indicating a transition towards speculative investments that often lack the foundational support
Semilore Faleti has carved out a distinct niche in the ever-evolving realm of cryptocurrency journalism. Starting his career as a versatile writer covering a wealth of subjects, Faleti quickly honed in on the multifaceted landscape of digital currencies and blockchain technology. His fascination with the efficiencies offered by these digital assets, particularly in their ability
The cryptocurrency market has faced significant downturns lately, experiencing a rough patch that many investors hoped would shift with the onset of the holiday season. Contrary to popular speculation surrounding a seasonal rally—often referred to as the Santa Claus rally—market participants are observing price stagnation and pessimism. As this tumultuous year draws to a close,
In recent years, the cryptocurrency sector has been heralded as a ground-breaking financial frontier, attracting a myriad of hedge funds eager to delve into digital assets. However, a troubling trend has emerged: a significant number of these funds have struggled to secure conventional banking services. According to a report from The Wall Street Journal on
The non-fungible token (NFT) landscape has witnessed a robust performance in 2024, surpassing the revenue figures from the previous year — an outcome that was largely unexpected by many market analysts. According to data collected by CryptoSlam, the NFT sales have reached approximately $8.72 billion, which is a marginal increase of $230,000 compared to 2023.
As the European Union prepares to implement the Markets in Crypto-Assets (MiCA) regulations, stablecoin issuers are facing unprecedented pressures to adhere to stricter guidelines. This regulation aims to create a robust framework for the stablecoin market, ensuring that all issuers maintain verifiable reserves and operate under standardized governance. In light of these changes, Tether, the
In an industry as fluctuating as cryptocurrency, the role of a journalist has evolved beyond mere reporting; it has become an immersive experience filled with continuous learning and adaptation. Take Christian, for instance. By day, he plunges into the intricacies of the cryptocurrency marketplace, translating convoluted financial jargon into accessible articles for a diverse audience.
The European Union is on the brink of implementing its highly anticipated regulations regarding cryptocurrencies, notably under the Markets in Cryptoassets (MiCA) framework. As the compliance deadline of December 30 looms, exchanges across the region are bracing for an array of operational changes. The mandate to delist Tether’s USDT, which is the most utilized stablecoin
As we approach the end of 2024, Ethereum is experiencing notable price fluctuations that are drawing the attention of both experienced investors and curious newcomers. The cryptocurrency, often considered a bellwether for the broader digital asset market, is currently contending with significant support and resistance levels. Analysts emphasize that Ethereum’s ability to stabilize and potentially
