Ethereum is leading the charge on this fresh run towards new frontiers. As of press time, the second crypto by market cap trades at $4,432 with a 5.6% profit in the daily and 9.1% profits in the weekly chart. ETH on a rally in the daily chart. Source: ETHUSD Tradingview Up 500% Year To Date, …
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The global social media giant Facebook has altered the name of its parent company to ‘Meta’. Many believe this is an attempt from the tech giant to surpass and move away from their reputation as a social media platform that is often plagued by controversies and scandals, towards their vision for the future that is …
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Ethereum’s (ETH) October protocol revenue is dwarfing Axie Infitinty (AXS) and other crypto protocols. Data collected by crypto metrics site Token Terminal shows that the second-largest cryptocurrency by market cap’s protocol revenue over the last 30 days reached $932.8 million. ADVERTISEMENT Ethereum’s October revenue intake is more than five times that of the play-to-earn …
Macro investment strategist Lyn Alden is predicting that Bitcoin (BTC) could stay bullish over the next 180 days. In an interview with Kitco News, Alden says that despite the recent pullback Bitcoin experienced after hitting a new record high, on-chain data supports a bullish outlook moving forward. ADVERTISEMENT “Overall, the on-chain indicators generally look …
2021 has been a breakout year for the cryptocurrency sector, as the passage of the first Bitcoin (BTC) exchange-traded fund (ETF) is a sign that crypto is becoming more mainstream and has the potential to lead to an increase in investors’ exposure to BTC. The influx of new participants into the market throughout the year …
Annual percentage yields, or APY, on crypto borrowing and lending platform Aave have surged to record levels after capital withdrawals sent the decentralized finance, or DeFi, protocol into a liquidity crunch. At the time of writing, variable APY on borrowing stablecoin Dai via Aave has surged to 24.88%, compared to approximately 6.50% the day prior. …
Continue reading “DeFi protocol Aave encounters major capital flight”
U.S. Senator Bill Hagerty (R-VA), who was elected in 2020 to represent Tennessee after a stint as Ambassador to Japan, spoke to newly appointed Consumer Financial Protection Bureau Director Rohit Chopra regarding cryptocurrencies in a banking committee hearing, saying “I just want to make certain as you exercise those oversight responsibilities that we don’t stifle …
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In what would rank as one of the most expensive sales in the history of NFTs, a CryptoPunk NFT has just been sold for over $500 million, though analysts have begun to raise questions about the legitimacy of the sale. CryptoPunk 9998 sold for over $500 million According to the CryptoPunk sales feed, the said …
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In a keynote speech at this week’s Wanxiang Blockchain Global Summit in Shanghai, Polkadot (DOT) founder Gavin Wood broke down the four key advantages of the substrate parachain platform, as he predicted that non-decentralized applications will be facing increased regulatory pressure in the future. The network’s heterogeneous multichain architecture approaches fruition, with Polkadot’s first parachain …
State-owned Russian energy giant Inter RAO is now discussing electricity supplies for Kazakhstan where crypto miners have allegedly caused a spike in consumption this year. The country is expecting the power deficit to reach 600 megawatts as demand during the winter increases even further. Kazakhstan Likely to Buy Electricity From Russian Federation to Deal With …
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press release PRESS RELEASE. Today, Liquid Craft has announced the launch date for their first NFT series that is set to go live on Oct 29th at 12 PM PST for presale and Oct 31st 12 PM PST for public sale. The first Liquid Craft NFT series in the roadmap is called Dragons and Bourbon, …
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Mining operators and holders keep accumulating Bitcoin, according to the latest Kraken intelligence report, titled “Shocktober.” In the report, several metrics allude to a bullish view for the months to come. In contrast, mining pool contributors and small miners have taken profits, these being more prone to sell due to market movements. ‘Shocktober’ Report Paints …
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The Zimbabwean Finance Minister, Mthuli Ncube, recently told business leaders that he is not planning to make the U.S. dollar the country’s sole currency again. Government Focused on Strengthening Local Currency Instead of entertaining those calling for the dollarization of the Zimbabwean economy, Ncube suggested his ministry is in fact focused on defending the value …
The world of decentralized gaming has seen significant growth in 2021 as the rise of play-to-earn (P2E) gaming merged with NFTs to open the first pathway to the Metaverse. Aavegotchi is currently making inroads in the blockchain-based gaming sector with a somewhat novel approach that incorporates features from P2E gaming, NFTs and decentralized finance (DeFi). …
Continue reading “Aavegotchi (GHST) gains 50% as ‘Gotchiverse’ auctions set a path to the Metaverse”
A popular crypto strategist and trader is updating his analysis on three altcoins he says are primed to hit all-time highs. The pseudonymous crypto analyst known as Capo tells his 183,700 followers that he’s still “all in” on altcoins. ADVERTISEMENT The trader expects DOT, the native asset of smart contract platform Polkadot, to “outperform …
