Court filings made by Kirklan & Ellis LLP, the law firm representing Celsius, revealed that the bankrupt crypto lender is expecting an influx of cash in the first week of October.  According to the filing, Celsius is set to receive almost $70 million, on account of their USD denominated loans maturing next month. The detailContinue reading “Celsius to receive $70 million as per latest filing; liquidation may still be on the cards”

After many months of speculation, the Cardano [ADA] Vasil upgrade date has been finally revealed. According to Input Output, the upgrade would happen on 22 September. This announcement comes after founder Charles Hoskinson on 26 August, had said the ADA team was waiting on exchanges to have everything in order. With the development meant allContinue reading “Cardano [ADA] finally attaches a date to the Vasil upgrade— Decoding the details”

The troubles of Ripple [XRP] with the Securities and Exchange Commission (SEC) have still not ended. Despite third-party interference and CEO Brad Garlinghouse proposing new strategies, the case still stands long-pending.  Interestingly, there has been a twist to the Ripple chain involving a “witness.” However, this witness has nothing to do with the SEC case.Continue reading “Ripple: Will the new ‘witness’ turn the fortunes of XRP around”

Polygon [MATIC] has become one of the most popular networks for Web3 projects. It has always claimed to be an eco-friendly blockchain with a more energy-efficient PoS consensus mechanism.  Recently, Mihailo Bjelic, a Twitter influencer, uploaded an image pointing out the advantages of Polygon. The tweet highlighted several data points. One such point was thatContinue reading “Polygon is all green, but MATIC may bring some red to the table”

Litecoin [LTC], which is often regarded as an underdog, displayed a commendable performance last week as compared to other market players.  Interestingly, Litecoin was featured in the ‘Top 5 Altcoin’ list published by the Evening Standard, which definitely adds more value to the blockchain.  '2022’s Top Five Altcoins' – @EveningStandard https://t.co/VuTNfZCjb6 — Litecoin (@litecoin) SeptemberContinue reading “Not XRP, SHIB but this alt can be your choice for diversifying portfolio”

Ethereum [ETH] co-founder Vitalik Buterin has taken another dig at Bitcoin [BTC]. In a recent interview with Noah Smith, the Russian-Canadian crypto creator made a statement. This was not the first time that Vitalik claimed superiority over the number one cryptocurrency in market value.  In 2021, he told CNN that Bitcoin could get left behind.Continue reading “Ethereum: Any LAMBO chances on holding ETH? Buterin has answer”

Troubled crypto lending firm Celsius seems engrossed in fixing its long-standing challenges after being declared insolvent. Yesterday (1 September), the company filed a motion to the bankruptcy court in New York’s Southern District to allow its customers to withdraw a part of their assets.  According to the petition, Celsius noted that it had about $210Continue reading “CEL’s >30% spike aims to calm chaos but is a $50M appeal the antidote”

Shiba Inu [SHIB], one of the most popular Ethereum-based meme coins, registered a massive 9% decline in its seven-day performance. This sparked fear in the SHIB community. Recently, SHIBBURN, a Twitter handle that posts updates about SHIB token burns mentioned that a total of 3,785,744,343 tokens were burned in August alone. 🔥🔥🔥 3,785,744,343 $SHIB tokensContinue reading “Shiba Inu: Assessing odds of SHIB gaining heat from the August burn”

Before there was so much buzz about NFTs, Axie Infinity [AXS] was the market king. As a result, AXS generated billions of dollars in sales volume.  However, the decline of AXS digital collectibles has been disappointing. In August, AXS NFT volume slightly went above $5 million. According to CryptoSlam, this was a better performance thanContinue reading “Axie Infinity’s August NFT performance ushers in this fatality”

MakerDAO, on 1 Septermber, posted an announcement regarding a new executive proposal. The proposed executive propsal was for DAO members to cast their votes while making important decisions. The first decision being the drawing down of $25 million DAI to HVbank. The second decision revolves around the launch of the Maker teleport (technology that helpsContinue reading “Maker launches new protocol with whales going gaga, but this issue persists”

A glimpse of the NFT market showed that neither Ethereum [ETH] nor Solana [SOL] was the best performing chain over the last 24 hours. Surprisingly, Binance Coin [BNB] took center stage out of the top three, according to CryptoSlam. Ordinarily, the NFT community would not expect BNB to overtake ETH or SOL in sales volume.Continue reading “BNB takes NFT top spot but investors shouldn’t be elated- Here’s why”

Many Ethereum [ETH] investors may expect the Merge day to bring good tidings. However, this anticipation may need to be followed with a rethink of the situation. This is because the community may need to withhold transacting on D-day. While this assertion should not cause panic, investors should understand that risks are involved. According toContinue reading “Ethereum investors planning to profit on Merge day should read this”