Kraken plans to eliminate 1,100 workers globally.
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Cointelegraph’s Historical digital collectibles collection is now available for everyone who wants to mint articles as NFTs.
On Nov. 30, 2022, the former FTX CEO Sam Bankman-Fried (SBF) discussed FTX’s collapse at the New York Times’ Dealbook Summit with Andrew Ross Sorkin in his first live-appearance interview since the crypto exchange’s downfall. SBF told the Dealbook Summit host that he was “deeply sorry about what happened” and further stressed that he “didn’t […]
ApeCoin (APE) seems to be ignoring the push that the broader crypto market is making that enabled many cryptocurrencies record significant price increases during the previous 24 hours. In fact, the digital currency that currently ranks 35th in terms of market capitalization has gone down by 3.1% for its intraday performance as it once again fell below the $4 marker. According to latest information from Coingecko, at the time of this writing, the asset is trading at $3.99 and its weekly and bi-weekly gains have now dropped to 15.2% and 33.2%, respectively. Over the last 30 days, ApeCoin has declined by 15.7% as it continues to struggle and although the prevailing crypto winter and the implosion of FTX are some of the possible reasons for this, some experts believe there’s more to it than just these. Related Reading: Litecoin (LTC) Continues To Impress With 25% Rally In Last Seven Days More Than $19 Million Worth Of ApeCoin Disposed At least five APE treasury wallets were found to have been using one address, referred to as “0xa29d” as a means for relay between other addresses linked with Coinbase, Binance, and the crashed FTX to facilitate and hide the massive sell of tokens. A little over 4.6 million ApeCoins worth $19.7 million have been moved out from the project’s treasury wallet and were distributed among various addresses. “0x876c” accounted for the largest chunk of the moved assets while around 50,000 tokens were found out to have been sent to “0xa29d.” As it would appear, ApeCoin itself is actively and aggressively selling its holdings while exerting a lot of effort to hide its tracks by using new addresses before sending a boatload of tokens to different crypto exchanges. As for the reason, it’s anyone’s guess up to this time as developers has yet to address the matter and offer an explanation as to why its treasury is selling its APE coin holdings. ApeCoin Faces Daunting Road To Recovery After peaking at $23.63 back in April 29 this year, the crypto asset has been on a steady decline until it stopped the bleeding on November 10 when it changed hands at $2.85. Although it has managed to reclaim the $3 and $4 territories, it is still far from its pre-dump levels and is now being considered as pain in the head for investors that made it part of their portfolios. There might be some breathing space left for the cryptocurrency as Coincodex predicts it will go up by 12% over the next five days to trade at $4.43. However, the start of 2023 appears to be a gloomy one for the project and its problematic token as the crypto is forecasted to enter next year with a changing hands value of $2.97. Related Reading: Polygon Surges 12%, Edging Bitcoin And Ethereum, In Last 24 Hours Crypto total market cap at $815 billion on the daily chart | Featured image from The Guardian, Chart: TradingView.com
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Hi people of Etherium! With all the new technology emerging from crypto. I'd like to ask everyone a question! "How might we protect ourselves from e-mail phishing in a web 3.0 era, using crypto technology?" I've seen emails that contain "Anti-phishing codes" you can set up yourself, but I doubt that's the most efficient way…
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The central bank of Ukraine has presented to interested parties a draft concept of the nation’s future digital currency, the e-hryvnia. The regulator is currently considering several potential applications for its digital coin, including retail payments and cross-border settlements. Ukraine’s Monetary Authority Introduces Banks and Businesses to E-hryvnia Project The National Bank of Ukraine (NBU) […]
In this episode of The Daily Gwei, Anthony Sassano gives a recent recap on everything new in the Ethereum ecosystem. Read our notes below to learn more. Dispelling FUD over WETH joke Apologizes for participating in the WETH jokes as he underestimate the fact people would take this seriously. Wrapped Ethereum is a smart contract…
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The entire reason cryptocurrencies were created to begin with because of centralized institutions like banks and governments taking control through financial means. These centralized exchanges and other CeFi platforms aren’t any different. They have full control over our hard earned funds and can legally do whatever they want with them. This is not to mention…
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