A popular crypto analyst is giving a bullish forecast for Ethereum rivals Solana (SOL), Avalanche (AVAX) and Terra (LUNA). In a new video, the host of financial education YouTube channel InvestAnswers says that Solana could be on the brink of reclaiming the three-digit price level as it flashes a strong bullish signal. “There’s a lot …
Monthly archives: March 2022
Crypto users in Africa grew by 2,500% in 2021: report
Cryptocurrency adoption in Africa is on the march, despite socioeconomic factors and headwinds. A positive report by cryptocurrency exchange KuCoin shows that crypto transactions increased by up to 2,670% in 2022. An astonishing growth trend, the steep influx relates to the low values that have been observed during previous periods. The number of crypto transactions …
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Turning losses to wins: How a Ponzi victim became a crypto evangelist
Losing money to a Ponzi scam is not the ideal introduction to the crypto ecosystem. Thankfully, Mark Dave Manansala gave crypto and blockchain a second chance and discovered a new passion. It all started when Manansala was invited by an acquaintance to join a very popular crypto project in 2017. The project’s team asked him …
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FTX Debuts Crypto Exchange for Australian Investors
Following the acquisition of an unidentified fintech company, major cryptocurrency exchange FTX has reached another landmark in its global expansion as the platform officially sets up shop in Australia. The news comes on the heels of an announcement from Australian authorities regarding a Digital Services Act geared towards regulating crypto operations in the country. Bahamian-based …
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Blockchain Startup’s Digital Identity Solution Made Available to 50,000 Zimbabwean Patients
Flexid Technologies, a blockchain startup promoting the use of digital identities, said its solution was recently used by thousands of Zimbabwean households and patients that participated in a local health survey study. Using Technology to Drive Down the Cost of Healthcare A blockchain startup, Flexid Technologies, revealed it recently made its digital identity solution available …
Bitcoin-Friendly Portugal Welcomes Refugees From Ukraine’s Crypto Sector, Report Reveals
With a war raging in their homeland, thousands of Ukrainians, including many involved in the crypto space, have chosen Portugal as their new home. The country is an attractive destination, not only because of its warmer climate but also its relatively affordable cost of living and crypto-friendly tax regime. Portugal Attracts Crypto Talent and Business …
Billionaire Chamath Palihapitiya Unveils Market Forecast, Says Stocks and Crypto Assets Are in Midst of a ‘Melt-Up’
Billionaire venture capitalist Chamath Palihapitiya is detailing his outlook for global markets in the near term. In a new edition of the All-In Podcast, Palihapitiya says he believes that investors have already factored in most of the worst-case outcomes of Russia’s invasion of Ukraine. “I think that we’re in the midst of what I would …
Ethereum Whale Initiates Massive $90,000,000 Shiba Inu (SHIB) Transaction As Top Memecoin Bounces
One of the biggest Ethereum investors in the world has an appetite for leading memecoin Shiba Inu (SHIB), according to data from WhaleStats. Ethereum whales are defined as entities with at least 1,000 ETH in their wallets. According to the whale-tracking platform, the 216th-ranked Ethereum whale just bought 3,713,675,424,944 SHIB tokens worth over $89 million …
Chinese internet giants remove NFT platforms fearing gov’t crackdown
China’s leading social media platforms and internet giants have updated their policy to restrict or remove nonfungible token (NFT) platforms, citing a lack of regulatory clarity and fearing government crackdown. Chinese social media giant WeChat reportedly removed several digital collectible platform accounts for violations of the rules. Digital collection platform Xihu No.1, one of the …
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SushiSwap community proposes Swiss legal structure to limit DAO liability
SushiSwap (SUSHI), a community-led suite of decentralized finance (DeFi) tools, plans to implement a legal structure aimed at mitigating risks for token holders and members of the Sushi protocol. Sushi’s new legal structure will be based on a community-approved proposal from Mar. 20 that cited the need for an association or foundation to help provide …
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Malaysian comms official calls the state to legalize crypto and NFTs
The Malaysian Ministry of Communications and Multimedia (KKMM) is reportedly backing the adoption of cryptocurrencies, with the deputy minister calling the government to legalize crypto. Deputy communications and multimedia minister Datuk Zahidi Zainul Abidin has urged Malaysia’s regulators to legalize certain use cases of cryptocurrencies and nonfungible tokens (NFT), local news agency Harian Metro reported …
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‘No more 4-year cycles’ — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week on a tentatively stronger footing as macro cues curiously stabilize. After a calmer weekend than most recently, BTC/USD managed to seal its highest weekly close since February, casting off concerns that an imminent bout below $40,000 could enter. Instead, conditions are beginning to favor a more bullish perspective on …
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Russia-Ukraine War Reveals Crypto’s True Nature
HodlX Guest Post Submit Your Post Shockwaves reverberated through markets when the Russian-Ukrainian conflict broke out – the S&P 500 and save-haven fiat currencies dropped, while commodities prices surged amid supply disruptions fears. Even though cryptocurrency markets have suffered a slump initially, Bitcoin has held its ground. Crypto isn’t like stocks in tough times Bitcoin has …
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Li Finance protocol loses $600,000 in latest DeFi exploit
The Li Finance swap aggregator has experienced a smart contract exploit leading to the loss of around $600,000 from 29 users’ wallets. The exploit took place at 2:51 am UTC on March 20. The attacker was able to extract varying amounts of 10 different tokens from wallets that had given “infinite approval” to the Li …
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SBF opens Aussie Blockchain Week as govt says we’re “open for business”
FTX CEO Sam Bankman-Fried gave the opening keynote at this year’s Blockchain Week, with the events of day one held at the headquarters of the Australian Securities Exchange (ASX). Addressing the event remotely from the Bahamas, Bankman-Fried used his keynote to announce the launch of FTX Australia, localizing one of the world’s largest crypto exchanges …
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