Recently, media outlet Rekt.news made striking accusations about Fantom Opera, a layer-1 blockchain, after the foundation’s technical adviser Andre Cronje and senior solutions architect Anton Nell announced they were leaving the crypto space entirely. Almost immediately, concerns from the community arose after Nell tweeted, “There are around ~25 apps and services that we are terminating on 03 …
Monthly archives: March 2022
Haven Protocol (XHV) shows strong signs of bottoming out after crashing 90%
Haven Protocol (XHV) showed signs of returning to its bullish form as its price doubled in just five days of trading. What’s pumping Haven Protocol? XHV’s price surged by up to 107% week-to-date to climb above $3.60 on March 11, its highest level in more than three months. Interestingly, the move upside followed a period …
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Finance Redefined: DeFi ‘Godfather’ Cronje quits, CAKE launches $100M venture arm and more
The decentralized finance (DeFi) ecosystem had quite an eventful week with several new developments and price action. The week started with DeFi “Godfather” Andre Cronje announcing his departure from most of his projects, leading to a massive drop in prices of projects that Cronje was associated with. CAKE DeFi launched a new $100 million venture …
Valkyrie Investments‘ Leah Wald on Bitcoin ETFs and the future of digital assets
Cointelegraph sat down with Leah Wald, CEO of digital asset investment firm Valkyrie Investments, to learn more about the importance of a Bitcoin (BTC) exchange-traded fund (ETF) and the future of digital assets. For context, Valkyrie Investments was launched in 2021 and is one of the only asset managers to have three Bitcoin-adjacent ETFs trading …
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Reddit Community Predicts Ethereum’s Merge Could Happen in June 2022
In brief: A community member of the r/ethstaker Reddit community has predicted that Ethereum’s merge could happen in June of this year The prediction outlined five reasons as to why June was a plausible timeframe for the merge between the current Ethereum mainnet using Proof-of-work, with the Beacon chain that uses Proof-of-Stake The highly anticipated …
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El Salvador’s Bitcoin Bond Could Go Live Between March 15-20
Quick take: El Salvador could launch its Bitcoin bond between March 15th and 20th The choice of dates stands out as the U.S. Federal Reserve has an FOMC meeting from March 15th to 16th The bond, worth $1 Billion, is part of President Bukele’s plans of raising funds to buy more BTC and build the …
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Fantom Foundation debunks misinformation after Andre Cronje’s departure
Almost a week ago, Andre Cronje announced his and his colleague Anton Nell’s departure from crypto and DeFi. Immediately, the rumors of their exits sent the tokens of projects associated with them crashing amidst fears of a rug pull. Cronje’s associate, Anton Nell announced over Twitter: “Andre and I have decided that we are closing …
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Hoskinson responds to the “noise” of recent criticism saying it has no bearing on Cardano
It’s been a tough week for Charles Hoskinson following accusations he faked his educational attainment. The incident has acted as a catalyst for attacks against Cardano, stoking the flames of tribalism further. But in a live stream titled “Angels and Demons,” in reference to the psychological tendency to praise or vilify figureheads, he responds to …
Demand for UST Keeps Rising, Luna Foundation Guard to Burn 4.2 Million LUNA From Treasury
The Luna Foundation Guard (LFG), a nonprofit organization, has announced new measures to keep the supply of UST, the flagship stablecoin of the Terra ecosystem, liquid in secondary markets. The protocol has already reached the max issuance of UST per day, but demand is strong enough that the foundation will have to burn more LUNA …
Bitcoin, Ethereum Technical Analysis: More Crypto Price Uncertainty Heading Into the Weekend
Bitcoin consolidated on Friday, as prices hovered marginally below the $40,000 level. This comes following a volatile day of trading in which BTC fell to its lowest point since Wednesday. Ethereum also remained slightly above its recent support. Bitcoin Bitcoin continued to trade at high levels of uncertainty on Friday, following a volatile few sessions …
South Korea Elects Crypto-Friendly President Who Vows to Deregulate Digital Asset Industry
South Korean voters have elected a crypto-friendly president. Yoon Suk-yeol of the conservative People Power Party has vowed to deregulate the crypto industry and introduce favorable tax laws for crypto investors. “To realize the unlimited potential of the virtual asset market, we must overhaul regulations that are far from reality and unreasonable,” he said. South …
Bank of Uganda Reportedly Commences CBDC Study
The Bank of Uganda (BOU) has commenced a study that explores the feasibility of issuing a digital currency. However, an executive with the institution warned that the central bank needed to be clear why it must have this in the first place. Faster Movement of Money The Ugandan central bank is reported to have commenced …
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Third BitMEX Founder Samuel Reed Pleads Guilty For Violations
According to a press release from the U.S. Department of Justice (DOJ), co-founder of BitMEX Samuel Reed has pleaded guilty to violating the Bank Secrecy Act. This is coming weeks after fellow founders Benjamin Delo and Arthur Hayes did the same. U.S. Attorney Damian Williams stated that the Office will not allow crypto exchanges to …
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Ethereum 2.0 Staking Contracts Now Hold Over 10 Million In ETH
Ethereum 2.0 has crossed a major milestone after recording over 10 million ETH staked on the platform. That’s $26 billion worth of ETH already staked on Beacon chain, the blockchain that provides the support for the Ethereum 2.0 ecosystem. Beacon To Be Integrated Into The Existing Ethereum Chain Beacon will be the main Ethereum 2.0 …
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Axie Infinity: The most exchanged NFTs in the blockchain gaming sector
Participants in the RPG NFT game Axie Infinity transferred about $3.5 billion in NFTs in 2021, according to the latest study published by NonFungible. This category will represent more than two-thirds of all NFTs exchanged in the blockchain video gaming sector. With $827 million, NBA Top Shot finished in second, while Loot, a game console, …
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