The largest Ethereum whales in existence are accumulating meme coin Shiba Inu (SHIB) and a collection of decentralized finance (DeFi) altcoins. According to blockchain tracker WhaleStats, Ethereum whales, or investors with at least 1,000 ETH in their wallets, are still favoring Dogecoin competitor Shiba Inu. At time of writing, SHIB is the 10th most purchased …
Monthly archives: March 2022
Auctioneer willing to sell $70M artwork for BTC or ETH
In further signs of crypto adoption among the art world, a leading United States auction house will accept crypto as payment for a series of paintings. A Jean-Michel Basquiat collection is up for auction by Phillips, with Bitcoin (BTC) and Ethereum (ETH) listed as payment options. The showstopper 16-foot painting, Untitled, 1982, is “estimated in the …
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Rate hikes, CPI and war in Europe — 5 things to watch in Bitcoin this week
Bitcoin (BTC) starts a new week in the shadow of a deepening geopolitical nightmare unfolding in Ukraine. As retaliation for the Ukraine invasion and the macroeconomic consequences grow, crypto by and large is struggling to keep up. A curious paradox has presented itself this month. Despite investors and those directly impacted by the war assumedly …
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Coinbase proposes crypto tech to promote global sanctions compliance
The United States-based crypto exchange Coinbase has proposed the use of cryptocurrencies to help ensure compliance with economic sanctions. This recommendation comes by highlighting the ease of laundering and sanction evasion of fiat currencies made possible by traditional financial infrastructures. Written by Coinbase’s chief legal officer Paul Grewal, the blog talks about the growing range …
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KyberSwap DEX launches on layer-two network Arbitrum
Decentralized exchange (DEX) aggregator KyberSwap has launched on the layer-two Ethereum scaling solution Arbitrum network. The move puts Kyberswap on its seventh network or scaling solution along with Ethereum (ETH), Polygon (MATIC), Fantom (FTM), BSC (BNB), Avalanche (AVAX), and Cronos (CRONOS). KyberSwap joins SwaprEth, Balancer Labs, Curve Finance, and SushiSwap as the DEXes available on …
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DeFi ‘Godfather’ Cronje quits as TVL and tokens tank for related projects
DeFi architect, Fantom Foundation technical advisor, and Yearn Finance founder Andre Cronje has left the decentralized finance (DeFi) space reeling after deactivating his Twitter account. Cronje’s long-time colleague at the Fantom Foundation Anton Nell stated in a Mar. 6 tweet that both he and Cronje were leaving the crypto space entirely. However, concerns have arisen …
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Binance, Coinbase Explain Why Cryptocurrency Won’t Help Russia Evade Sanctions
The chief executives of two major cryptocurrency exchanges, Binance and Coinbase, do not believe that cryptocurrency is an effective tool to help Russia evade Western sanctions. CEOs of Binance and Coinbase Say Crypto Not Useful at Evading Sanctions Since Russia began its invasion of Ukraine, governments worldwide have raised concerns that cryptocurrency could be used …
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Wharton Professor Urges the Fed to ‘Bite the Bullet’ and Defend the US Dollar — Warns About Bitcoin Taking Over
A finance professor at the Wharton School of the University of Pennsylvania has warned of “bitcoin taking over.” He added that the Fed “has been terribly wrong over the last year” about inflation and must now act to defend the U.S. dollar. Finance Professor Urges the Fed to Take Action to Defend the U.S. Dollar …
Skybridge Capital Founder Doubles Down on $100K Bitcoin Prediction — Expects BTC to Reach $500K Long-Term
The founder of Skybridge Capital has doubled down on his $100K bitcoin price prediction. He also believes that bitcoin could reach $500K a coin in the long run. “But we’ve got some work to do here from a regulatory perspective,” he stressed. The executive also advised how an average investor should get into bitcoin. Skybridge …
Using Crypto Tech to Promote Sanctions Compliance
Using Crypto Tech to Promote Sanctions Compliance By Paul Grewal, Chief Legal Officer Coinbase is committed to building a safe and responsible financial system that promotes economic freedom around the world. We strive to be the most trusted platform for buying, selling, and exchanging digital assets, helping everyday people to participate in the crypto economy. …
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Why Ethereum May Retest The $2,500 Support Level
Ethereum has been on. A declining trend like the rest of the market but the leading smart contract platform has been on the receiving end of one of the most brutal beat downs. The digital asset that had managed to touch the $3,000 level last week had quickly lost its footing which saw its spiraling …
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Yearn Finance (YFI) Down 13% Following Andre Conje’s Exit
Yearn Finance (YFI) has plunged rapidly following the surprise exit of its key players. The cryptocurrency which had been following the market trend had broken off the step with the rest of the space as the news sent ripples through the community. The plunge which occurred on Sunday came as a direct result of uncertainty …
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Bitcoin Falls Back To $38,000 As Russia Steps Up Bombardment Of Ukraine
As Bitcoin falls back, the US dollar strengthened following impressive economic statistics that indicated the number of jobs generated in the US, among other related factors, increased far more than projected. Bitcoin – the world’s alpha dog cryptocurrency – slid down into Sunday’s weekly closing, with geopolitical frictions and concomitant macro sluggishness firmly on the …
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Here’s What’s Coming for Bitcoin Now That BTC Is Below $40,000, According to Top Crypto Analyst
A closely followed crypto strategist and trader says Bitcoin’s recent correction below $40,000 has set the stage for BTC to rally to $50,000 in the coming weeks. Pseudonymous analyst Credible tells his 312,900 Twitter followers that Bitcoin’s rejection at $45,069 on March 2nd indicates that BTC is now trading inside a triangle pattern while carving …
DeFi pioneer Andre Cronje quits industry, associated projects slump
The rumors of their exits have 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 the chapter of contributing to the defi/crypto space. There are around ~25 apps and services that we are …
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