A popular crypto trader says Dogecoin (DOGE) needs to break through one critical price level before it surges upwards. The pseudonymous analyst known as Altcoin Sherpa tells his 141,200 Twitter followers that the meme crypto asset will likely continue to consolidate until it breaches its immediate resistance. “DOGE: The real party happens when $0.35 …
Monthly archives: November 2021
Four Altcoins Explode 232% or More in One Week As Play-To-Earn Projects Outperform Bitcoin, Ethereum and Crypto Markets
Four crypto assets are erupting this week as play-to-earn gaming projects outshine Bitcoin (BTC), Ethereum (ETH) and the broader crypto markets. One of the top gainers from the last seven days is YooShi (YOOSHI), the native asset of a play-to-earn gaming ecosystem built on Binance Smart Chain (BSC). Data from CoinGecko shows that YooShi …
Game over! ‘Squid Game’-inspired crypto scam collapses as price crashes from $2.8K to zero
A cryptocurrency inspired by Netflix’s internationally hit TV show Squid Game scammed investors in what appears to be a $3.38-million “rug pull” scheme. Dubbed SQUID, the cryptocurrency plunged to almost a fraction of a cent minutes after crossing over $2,850 at 09:35 UTC on Nov. 1. The deadly drop oed following a 75,000% bull run, showcasing a …
Bitcoin price hits 1-week high in minutes on sudden $1.5K gains
Bitcoin (BTC) abruptly hit one-week highs on Nov. 2 after days of sideways action ended in a brief but strong breakout. BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView Upside action returns to BTC/USD Data from Cointelegraph Markets Pro and TradingView followed sudden volatility on BTC/USD as it gained over $1,500 in minutes. At the time of …
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Ethereum Name Service launches ENS Token, moves towards DAO
As per the details shared in a blog post, Ethereum Name Service (ENS) has announced that the DAO, as well as the organization, has matured enough to pass the essentials of governing process to the community via a dedicated DAO system. ENS is decentralizing governance & is now accepting applications for DAO delegates.$ENS governance tokens …
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CryptoPunk NFT worth over $850,000 sold in error for less than $20,000
One lucky trader has just been able to cop one of the most expensive NFTs in the space for less than 5% of its actual price. The NFT in question, CryptoPunk 7557, which is worth at least $850,00 was sold for 4.444 ETH which translates to around $19,400 yesterday. CryptoPunk sells for less than $20,000 …
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Polkadot (DOT) sets a new all time-high ahead of parachain auctions
High-speed blockchain platform Polkadot has recently passed a proposal that enables registration and crowd loans for developers. The news has made the prices of DOT soar 15% to an all-time high. In response to the news, Polkadot’s native token DOT has climbed 15% higher in prices and is currently at $50.87 Polkadot Assembly adopts a …
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Ethereum (ETH) just hit one week of ‘negative issuance.’ Here’s what it means.
Ethereum (ETH) hit one week of negative issuance for the first time on Sunday, as effects of the network’s deflationary design came into full display. Since the London hardfork upgrade, which implemented the deflationary EIP-1559 proposal, the network burns a portion of fees each time an Ethereum transaction is done. Ethereum is deflationary “For the …
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Police forces jump into AnubisDAO saga after $60 million ‘rug’
Launched last week, in the midst of the “dog-coin” surge, AnubisDAO lost control of the project’s liquidity pool, as $60 million of investors’ funds got drained in what appears to be another rug pull incident. Following the accusations, both Hong Kong and US law enforcement got involved, while the suspect developer claimed to have fallen …
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U.S. Feds freeze 10 Bitcoin (BTC) in connection to $10 million scam on Coinbase
Coinbase CEO: Solving these four problems will bring billions of people to crypto There are currently thousands of cryptocurrencies all vying for adoption on multiple different fronts, with many being viewed as scams and fundraising schemes, while others cryptos with legitimate use cases struggle to garner any significant support. 2 min read → Go to …
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Paraguay Eyed as New Bitcoin Mining Destination
Paraguay is one of the destinations being considered by various companies for setting up their bitcoin mining operations. Last week, Chinese company Future Fintech announced formal plans to build a bitcoin mining facility in the country, explaining they were determining the best location for the upcoming farm. In June, local media declared that there were …
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DCG Reaches $10 Billion Valuation in Secondary Sale Led by Softbank and Capitalg
Digital Currency Group (DCG), a Manhattan-based, crypto-focused VC conglomerate, has reached a $10 billion dollar valuation in a secondary sale where existing investors sold part of their shares to new ones. The funding round was led by Softbank and also included participation from Capitalg, Google’s investment firm. $700 million worth of shares changed hands via …
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Macro Guru Raoul Pal Unveils Massive Ethereum Allocation, Says Demand Shock for ETH Far Greater Than Bitcoin
Real Vision founder and CEO Raoul Pal is opening up to his followers about how much of his portfolio he’s devoting to Ethereum and why he prefers ETH over Bitcoin (BTC). The former Goldman Sachs executive tells Real Vision’s 569,000 YouTube subscribers that he’s bullish on ETH because the cash generated in the Ethereum ecosystem …
Coinbase acquires Indian AI startup to improve customer service
Coinbase, the largest cryptocurrency exchange in the United States, is working to improve its customer support while expanding in India by acquiring a new startup. Coinbase officially announced Tuesday the acquisition of Agara, an artificial intelligence-enabled support platform with operations in India and the United States. The acquisition aims to expand and automate Coinbase’s customer …
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The Sandbox raises $93M to expand its NFT metaverse
The metaverse continues to be the next attraction point of crypto for investors, with The Sandbox, an Animoca Brands subsidiary and nonfungible token (NFT) metaverse platform, raising fresh capital in a funding round led by SoftBank Vision Fund 2. Marking SoftBank Vision Fund 2’s first investment into the crypto assets, The Sandbox’s Series B round …
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