Developers have been looking for other alternatives that offer higher scalability compared to Ethereum. One of the networks that stand out is Polygon. The network offers high speeds and lower fees compared to Ethereum. These features have been akin to the increased value of the MATIC token. MATIC is trading at $1.26 at the time …
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After amassing significant gains over the past week, it seems like the crypto market is consolidating. Bitcoin is struggling to go to $46K, while Ethereum is still clinching to $3100. Whilst these two leading cryptocurrencies have not registered significant gains in the past 24 hours, some altcoins such as Cardano have made double-digit gains. Cardano …
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XRP Holds Sideway Moves – August 11After a notable line of sideways movement, the Ripple XRP/USD price struggles to push northward above the upper range zone at $0.80. The crypto’s current percentage rate is seen at 4.61, trading around the line of $0.89. Holds Sideway Moves: XRP MarketKey Levels:Resistance levels: $1.00, $1.20, $1.40Support levels: $0.70, …
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A popular crypto analyst says Bitcoin and Ethereum can pull off massive rallies before the end of 2021 as traders underestimate the second leg of the bull market. Justin Bennett tells his 61,600 Twitter followers that he expects Bitcoin to launch a staggering rally, well above the six-figure level, should the leading cryptocurrency shatter its …
Leaders in the crypto industry continue to speak up as the bipartisan $1 trillion infrastructure bill, known for implementing tighter rules on crypto businesses and expanding reporting requirements for brokers, passed the United States Senate. Billionaire investor and Bitcoin (BTC) proponent Mark Cuban is one of them. Speaking to The Washington Post over the weekend, …
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On July 29, Cointelegraph reported that provisions had been hastily added to the infrastructure bill that sought to raise $28 billion through expanded taxation and impose stringent third-party reporting requirements for any entity deemed to comprise a cryptocurrency “broker.” The provision’s broad language sent shockwaves across the crypto community, with onlookers noting that software developers, …
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Bitcoin (BTC) Faces Strong Rejection as Bitcoin Fluctuates Below $47,000 – August 10, 2021 BTC/USD – Daily Chart Buy Bitcoin Now Following the breakout on August 6, the bulls overcame the resistance at $42,299 to reach the $47,000 resistance. Buyers could not sustain the bullish momentum above the $47,000 high. If buyers have succeeded, Bitcoin …
Shark Tank host Kevin O’Leary has become an official spokesman for Sam Bankman-Fried’s FTX crypto exchange and will be paid in crypto and receive equity as part of the deal. According to an Aug.10 announcement, the partnership with FTX Trading Ltd. and West Realm Shires Services Inc. (owners of FTX.US and FTX.com) will see O’Leary …
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A cryptocurrency enthusiast who exploited a bug in the ICON network to mint a large amount of its native ICX token can pursue entitlement claims according to a California federal judge. On Monday, Aug. 9, U.S. District Judge William H. Orrick said that the case raises novel questions about digital property. He added that plaintiff …
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Paypal-owned payments firm Venmo has launched a new crypto ‘cash back’ feature that includes zero transactions on crypto purchases. According to an Aug. 10 announcement, Venmo’s “Cash Back to Crypto” service went live yesterday and enables credit card customers to spend their cashback rewards on digital assets hosted on the platform. Say hello to Cash …
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The theoretical deflationary properties of Ethereum’s London upgrade last week have already been seen in action on the blockchain with almost 800 “deflationary blocks” produced. A spike in the Ethereum transaction fee burn rate has resulted in at least two hours when the supply was deflationary. The network has come under heavy load over the …
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A decentralized finance (DeFi) cross-chain bridging protocol Poly Network recently announced that it has suffered an attack in which the hacker stole over $600 million across three blockchains. The cross-chain interoperability network flagged the attacker’s addresses on Twitter, which revealed the extent of a massive exploit, urging miners of the affected blockchains and crypto exchanges …
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Bitcoin (BTC) miners in one of Venezuela’s most important industrial states, Carabobo, had their electricity cut off by authorities, Criptonoticias reported. On August 7, the regional officials effectively shut down crypto mining operations in the key state by suspending the power supply to all registered miners in the territory. Putting pressure on underground mining According …
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Afek Zard, a resident of Israel, has been sentenced to eight years in prison for embezzling a large sum of cryptocurrency that belonged to a friend of his. The man, who refused to cooperate with the investigation, will have to pay a hefty fine as well. Israeli Resident Sentenced for Cryptocurrency Theft The 27-year-old Zard …
A commissioner with the U.S. Securities and Exchange Commission (SEC) has criticized the securities watchdog for focusing on enforcement actions in its oversight of the crypto industry. SEC Commissioner Slams Agency for Focusing on Enforcement Actions in Regulating Crypto Assets SEC Commissioner Hester Peirce criticized her own agency Monday after it announced an enforcement action …
