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Author: Ginger L. Wilson
On the 30th of December, the price of Dogecoin, the leading meme coin of the industry and Elon Musk’s favorite cryptocurrency, decreased by more than 7% over the past 24 hours. According to data from CoinGecko, DOGE, the eighth-largest cryptocurrency by market cap, is currently, as of this writing, trading at around $0.07. And over the past week, the price of the leading meme coin plummeted by more than 13%. The reason behind this hefty decrease in the price of the famously volatile meme coin is related to speculation over potential changes to the energy-intensive proof-of-work mining model, the model…
This week the end of the year 2022, the leading cryptocurrencies of the industry, Bitcoin and Ethereum, dropped only by less than 2%. Since last weekend these top cryptocurrencies have remained practically unchanged. But in the year 2022, which has been the worst one for all the cryptocurrencies and crypto-related firms, these two cryptocurrencies also plummeted as much and reached new lows. As of today, on the 31st of December, the price of Bitcoin, the largest cryptocurrency in the market, decreased by more than 1.5% over the last seven days. According to data from CoinGecko, BTC is currently, as of…
Hodlnaut, a crypto lender, has lost around $190 million in the Terra crash: a judicial report has reportedly revealed. According to a Bloomberg report, the Singapore High Court appointed interim judicial managers who wrote the report. In the report, it is alleged that the directors of Hodlnaut downplayed the extent of the group’s exposure to Terra/Luna during the period leading up to and following the Terra/Luna collapse in May 2022. Hodlnaut, a Singapore-based cryptocurrency lending & borrowing platform, joined the line of loss with Celsius, Voyager Digital, and Three Arrows Capital. These three are the previous ones devastated by exposure…