#spring
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The Avalanche Ecosystem: Top 3 Tokens Poised for Growth
With the arrival of spring, the seemingly dormant Avalanche network has breathed new life, signaling that interest in this blockchain is just beginning to peak. Traditionally, advancements in blockchain technology tend to positively influence not just the native token of a network but all tokens within its ecosystem.Bankrupt FTX Exchange Eyes a Potential Rebirth
John Ray III, the newly appointed CEO of the beleaguered FTX exchange, has dropped some hints that a potential revival of the exchange may be in the works. Ray, who took over the reins to navigate FTX's bankruptcy proceedings, indicated earlier this year that a resurgence was not off the table. Recent billing reports reveal intriguing developments - Ray spent 6.7 hours working on aspects related to "2.0," thought to signify the possible relaunch of the exchange as FTX 2.0. As of now, tangible evidence supporting the exchange's resurrection is scant, with only theoretical remarks and internal plans to go by. However, Ray hasn't entirely dismissed the prospect, stating in January, "Everything is on the table. If there's a feasible way forward, we'll not only explore it, we'll undertake it." In a conversation in April, FTX's chief lawyer, Andy Dietderich, floated the idea that the crypto exchange could potentially spring back into operation. Such a move would demand substantial capital infusion and could even provide customers with stakes in the future exchange. However, Dietderich clarified that this is merely one of numerous possibilities and nothing has been finalized yet. Venture Capital firm Tribe Capital has reportedly shown interest in spearheading a funding round to reboot the exchange.Shanghai Fork will usher in a new era of staking for Coinbase
Ethereum supporters are looking forward to the upcoming crypto spring. Another network update, dubbed Shanghai Fork, is scheduled for March. Shanghai Fork will allow users to access the funds locked into the Ethereum Beacon Chain. Depositors will be able to participate in validating transactions and earn newly-created Ethereum. J.P. Morgan believes Shanghai Fork will be a pleasant surprise for Coinbase as well. It estimates that up to 95% of retail investors of this crypto exchange will be able to participate in Ethereum staking after the update. The matter is that Coinbase may get additional revenue of about $225-$545 million per year.What Is the Sell in May and Go Away Strategy?
"Sell in May and go away" is a well-known finance saying passed down through generations of traders and investors. It suggests that markets are likely to go down in late spring. But what is the story behind this phrase and can it be considered reliable advice for crypto portfolio holders?1 - 12 of 12 results