Author Archives: Bitcoinist

Litecoin Continues To Show Strength, Overtakes Solana In Market Cap

Litecoin’s continued strength in recent days has seen the coin become the 15th largest crypto by market cap, unseating Solana from the spot. Litecoin Observes Strong Week, Gains Over 9% During The Period The last couple of weeks have been terrible for most of the crypto market, as the crash triggered by FTX’s collapse has[Read more…]

Solana NFT Protocol Metaplex Undergoes Company-Wide Layoffs After FTX Disaster

The Solana ecosystem continues to take the hardest of hits following the implosion of FTX which used to be one of the world’s largest cryptocurrency exchange platforms. Its native token, SOL, gravely suffers as the altcoin has already lost 62% of its value over the last two weeks. According to tracking from Coingecko, the crypto asset which now[Read more…]

Crypto Lender BlockFi Prepares To Go Belly Up Amid FTX Bankruptcy

BlockFi, a cryptocurrency platform offering multiple financial products like low-interest loans and a crypto rewards credit card, could become the latest casualty following the FTX collapse that continues to hurt the entire cryptocurrency market. Although the company initially denied having most of its assets in the cryptocurrency exchange, management has now admitted having significant exposure to[Read more…]

Bitcoin, Ethereum, Other Crypto Down After Alleged Russian Missile Hit Poland

Bitcoin and Ether fell together with the majority of the top 10 cryptocurrencies by market capitalization on Wednesday morning, following reports that Russian missiles killed two people in Poland. According to Reuters, paramedics claimed that two individuals were killed in an eastern Polish village near the Ukrainian border. Other news reports disclose the casualties were caused by what[Read more…]

FTX Contagion Spreads – Will ETHE And Grayscale Bitcoin Trust Share Same Fate As FTT?

The sudden decline of FTX has created a devastating effect on the entire Bitcoin and crypto market. Panic shorting of digital assets is the order of the day, with Solana taking a massive hit as many investors dumped the coin. FTT, the native crypto asset of FTX, has lost almost all its investor value. Most[Read more…]

Sino Global Capital Regrets Investing In FTX After Losing A Major Sum

The crypto industry is witnessing another crisis with the distress of one of the top crypto exchanges in the space, FTX. More firms with exposure and collaborations with the exchange have started experiencing some constraints in their various activities. Following the fall of FTX, the founder and CEO of the company, Sam Bankman-Fried (SBF), has[Read more…]

Dogecoin Explodes 105% In Last 7 Days – What Can Stop This Animal?

The animal instinct of Dogecoin is very apparent these days, as the canine-themed crypto sustains its aggressive run that catapulted it to the highest it has been since May. Earlier today, the crypto registered a whopping 105% weekly gain though it shed 3.6% during the last hour at the time of this writing, trimming its gains[Read more…]

NFTs In A Nutshell: A Weekly Review

Move aside, traditional playmakers in NFTs. The buzz this past week wasn’t with Ethereum or Solana powered NFTs, but rather with new emerging players. That’s right, we saw some ‘unusual suspects’ with blockchains like Cardano and Aptos making noise in the NFT space this past week. We’ll review those, as well as some of the[Read more…]

Solana (SOL) Sees Drop In NFT & DeFi Usage

Is Solana summer over? Seasonality might suggest so, but if that’s enough for you, the blockchains usage across both defi and NFT landscapes has been falling recently. Competing chains are making targeted and dedicated efforts to get more involved in both defi and NFTs, leading to major growth and investment in the space at large.[Read more…]

Aptos (APT) Looks To Bury Solana As APT NFT Projects Take Off

Aptos (APT) had been off to a turbulent start last week after launching to much uncertainty in the crypto market. However, the project looks to have found its footing in about a week. Interest in the blockchain has skyrocketed, so the development of various projects has followed. So far, Aptos has taken the fight to[Read more…]