Ethereum’s native asset Ether (ETH) crossed above $3,000 in an extended upside rally on Aug. 7, hitting a three-month high. Nevertheless, the cryptocurrency’s incredible move upside also boosted its possibilities of facing a bearish backlash. An on-chain indicator that tracks the total percent of Ethereum addresses in profits predicted the said downside outlook. In detail, …
Continue reading “Ethereum price soars above $3K into ‘red zone’ triggering sell-off fears”
The saying, “Everything in moderation, including moderation,” has taken on new meaning since Facebook outsourced responsibility for content moderation to its Oversight Board following the violent events that occurred at the United States Capitol back on Jan. 6, 2021. First conceived in November 2018 as Facebook’s “Supreme Court” for public appeals, the social media giant’s Oversight Board was …
Continue reading “Crypto social governance will lead to online freedom”
Over the last 10 years, Bitcoin (BTC) has performed exceptionally well as a store of value and for speculative investment purposes. However, a lot of this can be attributed to its decentralized nature, which could have resulted in regulators and governments worldwide making attempts to shut it down long before it ever took off. Governments …
Continue reading “DEXs could see demand boost as regulators target centralized exchanges”
Earlier this week at the Aspen Security Forum, an annual three-day conference for global leaders to discuss some of the key national security issues, Ripple’s CEO Brad Garlinghouse addressed the lack of clarity surrounding the crypto industry and its regulation in the US. Garlinghouse, who commented on the Security and Exchange Commission (SEC) Chair Gary …
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Truefi, an uncollateralized loan platform, has raised $12.5 million from three important investors. The token sale was led by Blocktower, a New York-based cryptocurrency investment firm. Other important investors were Alameda Research — owned by Sam Bankman-Fried, founder of FTX — and A16z. Truefi is one of the few uncollateralized defi-based lending protocols in the …
Genesis Digital, a leading cryptocurrency trading, lending, and custody desk, released its Q2 reports, where it confirms what it calls the “emerging role” that Ethereum and defi have in the industry. The report also confirms that institutional interest in crypto is still rising despite the crash in prices the market experienced in Q2 2021. Genesis …
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Bitcoin (BTC) whales are moving massive amounts of BTC as the leading crypto asset prints a new 30-day high at $43,271. Blockchain tracker Whale Alert spotted four large Bitcoin transactions in which crypto whales relocated 41,671 BTC, worth $1.78 billion, in a span of one hour. ADVERTISEMENT As Bitcoin and other crypto markets recover …
We’re living in a time where digital assets are moving towards mainstream adoption. From retail customers to traditional banks and financial service providers, digital assets are on the rise. Many of these assets promised to disrupt financial markets and large incumbents, and while they have received widespread attention, they haven’t quite achieved their potential. That …
Continue reading “What form of digital assets will be the future of payments?”
The White House is weighing in on a last-minute dash to modify a set of cryptocurrency tax provisions in the bipartisan infrastructure bill. The provisions are designed to help pay for the repair of roads and bridges, among other projects, by clamping down on potential tax evasion through the use of cryptocurrencies. ADVERTISEMENT The …
In the physical world, it’s easy to achieve randomness because nature by itself is so random. But in the digital world, things are a little different and usually require some form of human-induced randomness to produce the desired result. The Random Number Generator (RNG) is such a piece of software or hardware that is used …
Continue reading “The importance of yielding randomness on blockchains”
The Central Bank of Venezuela announced the new redenomination plan for its fiat currency called “Digital Bolivar.” This new proposal seeks to simplify transactions by slashing six zeroes from the current value of the currency. While it is called digital, it has nothing to do with the proposal of a new central bank digital currency …
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Award-winning hip-hop artist Megan Thee Stallion has published a video of herself explaining the basics of bitcoin, including what it is, why it is valuable, and how to obtain it. The famed rapper previously gave away $1 million in bitcoin to her fans in collaboration with Square’s Cash App. Famous Hip-Hop Star Breaks Down Bitcoin …
Former acting Comptroller of the Currency Brian Brooks has resigned as the CEO of Binance U.S. after just over three months. He cited “differences over strategic direction.” Meanwhile, Binance is facing regulatory scrutiny worldwide, including in the U.K., Malaysia, Japan, Cayman Islands, Hong Kong, Thailand, Germany, and Lithuania. CEO of Binance US Resigns The CEO …
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Popular crypto analyst Michaël van de Poppe is outlining key support levels for Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) and Polkadot (DOT). In a new video, van de Poppe says that at this point, $36,000 is an acceptable level for Bitcoin to drop to – but the price for the top crypto should not dip …
The overall feel across the cryptocurrency landscape over the past week has been one of bubbling anticipation, with the Ethereum network finally undergoing its London hard fork, which includes reforms to the transaction fee market, thanks to EIP-1559. London is the latest in a series of upgrades that are part of Ethereum’s measured transition from …
Continue reading “Altcoin Roundup: Hodling Ethereum? Here’s how and where to stake your ETH”
