Author Archives: Coingape.com

The chain swap announcement comes as Solana faces difficulties due to the ongoing turmoil in the crypto market created by FTX’s collapse. A $1 billion chain transfer to convert USDT from the Solana blockchain to the Ethereum blockchain was just announced by stablecoin issuer Tether. During this process, Tether noted that there won’t be any change in[Read more…]

Crypto venture firm Multicoin Capital is looking to write off all of its assets currently on FTX due to the bankruptcy proceedings. The FTX contagion is spreading wide and fast! On Thursday, November 17, crypto venture giant Multicoin Capital told its investors that the FTX collapse has pushed the fund down by a staggering 55% over the[Read more…]

Earlier Binance halted USDC and USDT deposits on Solana but as per a recent announcement, it has resumed deposits for the USDT (SOL) token. On Thursday morning, the world’s biggest exchange, Binance, announced that deposits of USD Coin (USDC) and Tether (USDT) on the Solana blockchain “have been temporarily suspended until further notice,” causing the SOL token[Read more…]

Crypto exchanges Binance and OKX announced temporary suspension of USDC (SOL) and USDT (SOL) deposits, while Solana (SOL) price dropped. Crypto exchanges Binance and OKX announced temporary suspension of USDC (SOL) and USDT (SOL) deposits. The development comes after recent suspension of USDC and USDT on Solana deposits and withdrawals by crypto.com. Crypto.com cited recent industry events for the[Read more…]

In the early days of Solana, it was dubbed “Ethereum Killer.” Fast forward to today, and a lot of things have changed. But the battle for supremacy is still going on. Which of these two cryptocurrencies fares well when it comes to investing for the long-term? Well, let’s dive right in. Ethereum (ETH) As you know, Ethereum is[Read more…]

After FTX announced decision to opt for chapter 11 bankruptcy, a top tier crypto exchange announced it halted withdrawals and deposits. After FTX announced decision to opt for chapter 11 bankruptcy, a top tier crypto exchange announced it halted withdrawals and deposits. The meltdown of Sam Bankman-Fried related crypto companies has already had a negative ripple on[Read more…]

Cryptocurrency Prices Today 14th Nov: Global crypto market cap today remained below the $1 trillion mark today, going as low as 5% in the last 24 hours. Cryptocurrency Prices Today 14th Nov: Cryptocurrency markets witnessed their worst seven-day run since June 2022, following Terra’s meltdown during the weekend as crypto prices continued to fall. The world’s[Read more…]

Solana (SOL) News Updates After FTX Token Sale Announcement: After gaining an encouraging push with the Google partnership news, Solana (SOL) price appears back at square one now. With nearly 13% price drop in last 24 hours, the cryptocurrency has all but lost its gains from the Google Cloud news. Meanwhile, a section of the crypto[Read more…]

Bitcoin, Ethereum price prediction: BTC and ETH prices are witnessing a minor correction to stabilize their prior gains. However, this pullback has caused a significant downfall in several cryptocurrencies, offering a dip opportunity.  The global crypto market stood at $1.03 Trillion at 10:24 am EST Monday, down 2.73% from yesterday. Moreover, the total crypto market volume has[Read more…]

The Tesla earnings report led to a drop in the company’s stock and due to correlation, the crypto and altcoin markets crashed as well. The crypto market struggles due to a wide variety of macroeconomic factors. The altcoins market in particular faced a major crisis. Ethereum fell by 2% in the last 24 hours and is[Read more…]