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Join Our Telegram channel to stay up to date on breaking news coverage Is Snowfall Protocol (SNW) The Death of Cardano (ADA) and Solana (SOL)? Once hugely popular crypto projects, Solana (SOL) and Cardano (ADA), have constantly found themselves in trouble this year. Their investors have been understandably wary of these cryptos’ underwhelming growth for quite a while now. They are searching for better avenues to park their money.  Cryptos like Snowfall Protocol (SNW) provide that opportunity to investors. Even under bearish pressures, Snowfall Protocol (SNW) has given high returns to its early investors, unlike Solana and Cardano. So, here is how the rise of the Snowfall Protocol (SNW) may spell doom for Solana (SOL) and Cardano (ADA). Bad Times for Solana (SOL) Don’t Seem to End Sam Bankman-Fried owned both FTX Crypto exchange and Alameda Research trading company. Both of these entities were among the biggest supporters of the Solana network. In fact, they were instrument...

Ice phishing is a type of scam that exists only in Web3 and is a “considerable threat” to the crypto community, said the firm. Blockchain Security company CertiK has reminded the crypto community to stay alert over “ice phishing ” Scams — a unique type of phishing scam targeting Web3 users — first identified by Microsoft earlier this year.  In a Dec. 20 analysis report, CertiK described ice phishing scams as an attack that tricks Web3 users into signing permissions which end up allowing a scammer to spend their tokens. This differs from traditional phishing attacks which attempt to access confidential information such as private keys or passwords, such as the fake websites set up which claimed to help FTX investors recover funds lost on the exchange. #CertiKSkynetAlert 1/ Ice phishing is a considerable threat to the Web3 community Instead of gaining accessing to your private key, scammers trick you into signing permissions to spend your assets. We’ll outline below what to look out f...

The Shiba Inu [SHIB] community has been seeking and awaiting information pertaining to Shibarium . However, time and again, the network was seen delaying the launch of this update. Earlier this week, the SHIB network kickstarted a surprise countdown. While several assumed that this was about Shibarium , it turned out to be an update to the official website. Therefore, the Shib Army was visibly enraged about this. Several pointed out how the countdown wasn’t necessary. Tweets about the same began pouring in. One Twitter user suggested expressed disappointment. Several went on to call Shiba Inu’s defense team co-lead, Trophias a “scammer.” It should be noted that the Shibarium beta testnet was expected to release in Q4 2022. Further defending the community, a Twitter user wrote, “But you can’t blame people when they were told Q3 2022 or just a bit after. We are about to close Q4 2022 going into Q1 2023” Another member of the Shi...

Join Our Telegram channel to stay up to date on breaking news coverage Multiple Bitcoin wallets linked to the now-defunct cryptocurrency exchange QuadrigaCX have moved funds after remaining dormant for three years. The wallet addresses transferred these funds on December 16 and December 17. QuadrigaCX funds transferred The movement of these funds was detected by ZachXBT, who estimated that 104 BTC, valued at around $1.7 million at the current prices, was transferred. Out of this figure, 69 BTC was sent to the Wasabi crypto mixing service. The funds were moved using four Bitcoin wallet addresses. These wallets have remained dormant since February 2019. This was when QuadrigaCX, a Canadian cryptocurrency exchange, initiated bankruptcy proceedings. In 2019, as QuadrigaCX filed for bankruptcy protection, the exchange’s bankruptcy trustee, Ernst and Young, mistakenly sent 103 BTC to a wallet address they could not access. After the erroneous transfer was made public, the cry...

Btc Bitcoin $16.522,34 price 1.61682% price change TRADE NOW Five Bitcoin addresses with ties to QuadrigaCX – a defunct Canadian Bitcoin exchange – are seeing some renewed activity.  According to on-chain sleuth ZachXBT, about 104 Bitcoin worth roughly $1.7 million unexpectedly moved on December 17th from five wallets connected to QuadrigaCX . The last time funds had moved from those addresses was in April 2018.  A nearly identical number of Bitcoin moved from Quadriga-controlled wallets on February 16th 2019, according to an Ernst and Young report. They moved to wallets controlled solely by former CEO Gerald Cotten, who died in December 2018, after which Quadriga’s bankruptcy shortly followed.  Many suspect that Cotten faked his own death, and secretly escaped with his customers’ Bitcoin. A Netflix documentary titled “’Trust No One: The Hunt for the Crypto King” was produced on the topic . At the time of the bankruptcy, 155,...

The program aims to accelerate the development of decentralized applications and protocols to replace centralized exchanges. The proof-of-stake (PoS) Blockchain Axelar launched on Dec. 19 a $60 million startup funding program dedicated to accelerating the development of decentralized applications and protocols that can replace centralized exchanges. The initiative is backed by over 15 Blockchain investors. Dubbed Axelar Ecosystem Startup Funding Program, the initiative was designed to foster the development of Web3 applications addressing global issues that cannot be solved by the centralized internet. To qualify for funding, projects must also safeguard digital sovereignty, security and privacy, and work to onboard masses easily without unnecessary friction between specific blockchains or tokens, noted the company. Sergey Gorbunov, Axelar co-founder and CEO, told Cointelegraph about the development: "2021-2022 saw an unprecedented influx of new developers into Web3. In 2023, w...

The ETH tokens in question originated from trading platforms Genesis and Poloniex and were found transferring 13,103.99 ETH and 9,878 ETH, respectively. At a time of bear market-induced uncertainty, crypto investors often tend to stick with Bitcoin (BTC) and Ethereum (ETH) to evade impermanent losses. As a result, the significant movement of such assets intrigues the community as they try and decipher the intent behind the move. Two addresses that have remained dormant for over four years recently came back to life to transfer 22,982 ETH to new addresses — leaving investors scratching their heads. The ETH tokens in question originated from trading platforms Genesis and Poloniex and were found transferring 13,103.99 ETH and 9,878 ETH, respectively. #PeckShieldAlert 2 Dormant addresses transfer red 22,982 $ETH (~27.2M) to 2 fresh addresses, their last movement was October 2018 (1,535 days ago). These $ETH originated from Genesis and Poloniex pic.twitter.com/MXKpLnypif — PeckShield...

The show features artists, collectors, and industry professionals across the world. The capacity to digitally authenticate almost everything, and the possibility of monetizing in ways nobody couldn't even imagine before. These are some of the ways in which the documentary series "NFTMe" introduces nonfungible tokens (NFTs). The show features artists, collectors, and industry professionals across the world sharing their experiences with NFTs and how the merger between art and technology has positively affected their daily lives. In six episodes of 30 minutes each, NFTMe introduces 50 pioneers in the NFT space from four continents, including American singer Susaye Green (of The Supremes), Queen Diambi (Queen of Democratic Republic of the Congo), digital artist for SpaceX & Nasa Refik Anadol, Madonna’s Music producer, along with Peter Rafelson and Cheryl Douglas of Portion, whose launched NFT collections for the Black-Eyed Peas, to name just a few. The first episode e...

Disgraced FTX co-founder Sam Bankman-Fried (SBF) has reportedly reversed his decision to contest his extradition to the United States. Bankman-Fried has spent close to five days in the Bahamas Department of Correctional Services (BDOCS) jail Fox Hill, an overcrowded prison known for being filthy and one that has been accused of prison maltreatment. Reuters Source Says SBF Won’t Fight U.S. Extradition Request on Monday On Dec. 17, 2022, Reuters reported that “a person familiar with the matter said on Saturday” that Sam Bankman-Fried (SBF) plans to be more accepting of being extradited to the United States. The source noted that SBF will “reverse his decision to contest extradition” when he appears in court on Monday. The former FTX CEO was supposed to remain at Fox Hill until Feb. 8, 2023, after judge Ferguson-Pratt denied SBF’s request to be released on bail. The news concerning SBF follows the stories that noted the former FTX executive was residing in Fox Hill’s sick bay dorm...

The Digital Currency Group and its affiliates (DCG) cited liquidity problems as it suspended repayments, temporarily halting users from withdrawing their funds. The Digital Currency Group and its affiliates (DCG), which manages $296.7 million (280 million euros) in deposits and digital assets of crypto exchange Bitvavo for off-chain staking services, suspended repayments citing Liquidity problems amid the bear market. However, Bitvavo announced to prefund the locked assets , preventing DCG-induced service disruption for users. With users proactively exploring self-custody options as a means to safeguard their funds, an acute liquidity crisis is expected to loom over exchanges. DCG cited liquidity problems as it suspended repayments, temporarily halting users from withdrawing their funds. Bitvavo, on the other hand, decided to prefund the locked assets to ensure that none of its users are exposed to DCG liquidity issues. “The current situation at DCG does not have any impact on the ...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Approaches Oversold Region as BTC Price Violates the $17K Support – December 16, 2022 Bitcoin has been trapped between the moving average lines since November 30 as BTC Price violates the $17K support. Buyers and sellers have been negotiating prices over the past 48 hours. On December 14, Bitcoin surged to a high of $18,391 before falling again. The bears are still defending the resistance levels, as evidenced by this. The 21-day line SMA has been violated by the ensuing negative momentum. Bitcoin Price Statistics Data: •Bitcoin price now – $16,821.50 •Bitcoin market cap –$323,660,485,403 •Bitcoin circulating supply – 19,235,587 BTC •Bitcoin total supply – $353,369,203,917 •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels: $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000 Bitcoin’s (BTC) price is falling ...

The accounting firm Mazars Group has stopped doing proof-of-reserves (POR) audits for cryptocurrency exchanges and the recently published Binance POR has been removed from the web. Mazars was conducting a number of POR audits for crypto exchanges like Binance, Crypto.com, and Kucoin following the FTX collapse last month. Mazars Group Pauses Crypto Company Audits, Binance POR Scrubbed From the Web Reports detailed on Dec. 16, 2022, that the accounting firm Mazars Group has paused doing POR audits for cryptocurrency exchanges. On Friday, a Binance spokesperson told CNBC that “Mazars has indicated that they will temporarily pause their work with all of their crypto clients globally, which include Crypto.com, Kucoin, and Binance.” The spokesperson added that “this means that we will not be able to work with Mazars for the moment.” The news follows the recent criticism from Kraken’s Jesse Powell on Nov. 25, and when he denounced the Binance POR audited by Mazars on Dec. 8. Binance’s POR ...

Join Our Telegram channel to stay up to date on breaking news coverage Stellar Lumens (XLM) price was at risk of further losses on Friday as it saw a complete reversal of all the gains made on November 10. Even with the news of a partnership with the UNHCR, sentiment around the Stellar price continues to deteriorate.  Stellar Partners With UN To Distribute Cash To War-Affected Ukrainians The United Nations High Commission for Refugees (UNHCR), the UN arm responsible for aiding and protecting refugees, has launched a blockchain-based cash distribution system that is aimed at giving money to Ukrainians affected by the ongoing war with Russia.  According to a December 15 press release by the Stellar Development Foundation (SDF), the program is being piloted in Kyiv, Lyiv, and Vinnystia, the three largest Ukrainian cities where many people moved to after their homes were destroyed because of the war. The UNHCR is responsible for making sure that only eligible people are...

FUSE sealed a partnership with Massbit a decentralized blockchain delivery network whose main product is Massbit Route. Massbit has agreed to add Route support for the Fuse Network blockchain. Fuse  has always been looking for the most promising decentralized blockchain access protocols that could solve this problem, and today we have the pleasure of announcing a partnership with Massbit. A decentralized global BDN layer Massbit  is building a decentralized, globally distributed blockchain delivery network (BDN) to provide users with streamlined and robust access to blockchain APIs. The product offering has 4 main components: Massbit Route, Prime, Insights, and multi-chain indexing. Massbit Route is Massbit’s flagship product, and it is currently running on the second testnet iteration. Massbit Route is a decentralized network of providers. Including nodes and gateways, whose task is to connect users to the supported blockchains by routing their RPC connection requests. Those request...

Data suggests that BTC’s rally to $18,300 is the only Santa Claus rally Bitcoin will see before the year ends. As the coldest days of the crypto winter set in, investors’ speculative interest in the crypto market has fallen to pre-2021 levels, impairing the chance of a substantial directional price move. However, there’s a possibility of a bear market rally akin to the July through August 2022 uptrend. The market enters a state of limbo The FTX implosion impacted over 5 million users globally and adversely affected numerous crypto companies that were exposed to it. The industry is currently in a recovery mode and Cumberland, a U.S.-based crypto market broker, recently echoed this narrative in a tweet. The firm noted that "dozens of crypto companies are either severely curtailed or out of business, and the industry's future is as cloudy as ever." Data suggests that building a sustainable bullish move will be challenging because the market is pushed back to a low liquidit...