Summary Between approximately 6:40 am and 10:42 am PT, and again between 12:20 pm and 2:32 pm PT on Wednesday, October 27th, we experienced intermittent outages on Coinbase.com, Coinbase mobile apps, and Coinbase Pro. During these outages, many users experienced slow loading times and errors while attempting to access Coinbase, or were unable to use …
Yearly archives: 2021
Hackers keep getting smarter, but protecting your crypto is easier than you think
Cybersecurity awareness month is coming to a close, but good security hygiene is a smart investment all year round. As crypto becomes more mainstream, cybercriminals who target crypto holders are also getting more creative and persistent. That’s why Coinbase’s security team has put together a simple guide for protecting your crypto and all the other …
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Crypto Adoption Boosts Travel: Travala Rises From The Ashes
Travala.com, the leading crypto-friendly travel platform, reported an “explosive growth” during the third quarter of 2021, and the use of cryptocurrencies played the main role. Its blockchain-based platform allows customers to realize payments in over 50 digital coins. CEO Juan Otero stated back in July that 70% of the bookings were being paid by digital …
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Volume Of ADA Staked On Cardano Network Reaches Record High
Cardano holds bragging rights for the network with the highest proportion of its circulating supply staked and it has not let go of this title. Cardano’s community is home to investors who are investing for the long term rather than trying to take short-term profits from the market. This means that most investors have their …
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Top 5 NFT Sales of the Week: Carl Runefelt invests $1,000,000 on CryptoPunk
NFT sales have been breaking records and making headlines for a while now. This week, top NFT sales made even more news, thanks to a quirky purchase story. But more on that later! First, let’s get a lowdown on the top 5 NFT sales for the week ending 10/24/21. The Bored Yacht Club bagged the …
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Ethereum Supply Shock Deepens: Exchange Reserves Decline 18% In 5 Months
As Ethereum’s price approaches new all-time highs, the coin’s supply shock seems to be deepening with exchange reserves declining 18% in the last five months. Ethereum Exchange Reserves Are Down 18% In The Last 5 Months As pointed out by a CryptoQuant post, ETH’s exchange reserves seem to have declined a lot in the last …
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Ethereum Breaks To The Upside, Why ETH Could Track On Price Discovery
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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Facebook Changes To Meta In A Rebranding Effort
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 Far Outpacing Axie Infinity and Every Crypto Project on Record With $900,000,000 30-Day Revenue Milestone
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 …
Bitcoin Bull Case Over Next Six Months Is Much Stronger Than Bear Case, Says Macro Strategist Lyn Alden
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 …
Altcoin Roundup: Dogecoin, Shiba Inu and memes are hauling the dogsled to mass adoption
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 …
DeFi protocol Aave encounters major capital flight
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. …
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US Senator Hagerty to CFPB Director: Don’t Stifle Crypto Innovation
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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CryptoPunk NFT sold for over $500 million in suspicious sale
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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Polkadot founder Gavin Wood: Decentralization shouldn’t ‘cut corners’ in favor of scalability
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 …