TheCryptoDesk

TheCryptoDesk

Cryptocurrency

Riding the Crypto Wave: Multicoin Capital’s Remarkable Journey and Industry Growth

Cryptocurrency, Hedge Fund /

In the realm of cryptocurrency investments, Multicoin Capital stands out with its exceptional track record, boasting returns exceeding 9,000% since its inception in 2017. Despite facing significant setbacks in 2022, recent reports indicate a dramatic turnaround for the hedge fund, as revealed in its annual investor letter. According to the letter dated February 16, the […]

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Market-Update-Background

Dogecoin Surges 50% as Bitcoin Bulls Make a Strong Comeback: Weekly Crypto Recap

Cryptocurrency, Markets /

After a period of consolidation and correction, the cryptocurrency market is showing signs of renewed activity. Most coins are experiencing gains, propelling the total market capitalization close to $2.8 trillion. Bitcoin’s price has notably surged, with a roughly 10% increase over the past week, now hovering around $70,000 and showing stability in recent days. The

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Ethena Labs’s Fake ENA token Exploited on Binance Draining $290K: Report

Alt Coins, Binance, Cryptocurrency /

Hours after introducing Ethena (ENA) on Binance Launchpool, a fake ENA token has been exploited for 480 BNB worth $290,000. According to a report by on-chain security firm PeckShield on Friday, the exploited token is the fake version of ENA. “The token shares the same name as the legitimate ones,” the updated post on X

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Sam Bankman-Fried, Former FTX CEO, Receives 25-Year Prison Sentence

Cryptocurrency, Markets /

In his three decades of legal practice, Judge Kaplan expressed astonishment at witnessing a performance akin to that of Sam Bankman-Fried, also known as SBF, during the sentencing proceedings. SBF, the erstwhile CEO and founder of the now-defunct cryptocurrency exchange FTX, has been handed a sentence of 300 months, equivalent to 25 years, with an

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PancakeSwap’s Latest Proposal Triggers a 21% Surge in CAKE Value Within Hours

Alt Coins, Binance Smart Chain, Cryptocurrency /

The PancakeSwap community is suggesting a reduction in the overall supply cap of its native token, CAKE. A proposal unveiled on December 21st advocates for decreasing the total supply limit of the asset from 750 million to 450 million. This proposal aligns with CAKE’s consistent deflation over the past few months and its intensified focus

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Bitcoin’s Portfolio Puzzle: Navigating the Controversy with Bloomberg Insights

Leave a Comment / Bitcoin, Cryptocurrency /

Is Bitcoin a Fitting Puzzle Piece in Your Portfolio? Bloomberg Weighs In Bloomberg recently suggested that while Bitcoin (BTC) may have a role in a diversified portfolio, ordinary investors are wise to approach it with caution. Bitcoin’s Rollercoaster Ride and Questionable Correlations Despite Bitcoin’s impressive performance this year, financial analyst and crypto advisor Aaron Brown

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Unveiling Crypto Mining: A Comprehensive Guide to Understanding the Digital Gold Rush

Leave a Comment / Basics, Cryptocurrency /

Introduction In the realm of cryptocurrencies, mining is the digital equivalent of striking gold. It’s the process by which new coins are created and transactions are verified on blockchain networks. In this comprehensive guide, we’ll dive into the world of crypto mining, exploring what it is, how it works, and why it has become an

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Unveiling XRP: A Beginner’s Guide to Ripple’s Digital Currency

Leave a Comment / Alt Coins, Basics, Cryptocurrency, XRP /

Introduction In the ever-evolving landscape of cryptocurrencies, XRP stands out as a unique player, offering solutions that extend beyond simple peer-to-peer transactions. This beginner’s guide aims to demystify XRP, exploring what it is, how it works, and the potential future applications that make it a noteworthy digital asset. What is XRP? XRP is the native

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Solana: A Beginner’s Guide to the High-Performance Blockchain

Leave a Comment / Alt Coins, Basics, Cryptocurrency, Solana /

Welcome to the world of Solana, a cutting-edge blockchain platform that has gained significant attention for its high throughput and low transaction costs. In this beginner’s guide, we’ll explore the fundamentals of Solana, its unique features, and guide you on how to embark on your journey into this innovative blockchain. Understanding Solana: 1. What is

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Ethereum Unveiled: A Beginner’s Guide to the Future of Smart Contracts

Leave a Comment / Alt Coins, Basics, Cryptocurrency, Ethereum /

Welcome to the world of Ethereum, a groundbreaking blockchain platform that goes beyond being just a cryptocurrency. In this beginner’s guide, we’ll explore the basics of Ethereum, delve into its innovative features, and guide you on how to get started with this transformative technology. Understanding Ethereum: 1. What is Ethereum? Ethereum is an open-source blockchain

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