Summary: The team at Bored Ape Yacht Club has cautioned the community against minting anything after the BAYC Instagram got hacked Some community members might have already lost their Bored Ape Yacht Club NFTs due to the hack The BAYC OtherSide Metaverse will launch on the 30th of April, and the hack might have been …
Monthly archives: April 2022
Internal documents show EU policy makers want to push Ethereum over Bitcoin
EU policymakers are back in the spotlight less than a month after voting for stricter rules on unhosted crypto wallets. This time it’s to do with internal documents that show discussion to “protect” Ethereum at the expense of Bitcoin over its supposed greener credentials. The issue raises questions over protectionism and picking winners versus losers, …
Continue reading “Internal documents show EU policy makers want to push Ethereum over Bitcoin”
Uncollateralized Lending Platform Truefi Reveals $100 Million Single-Borrower Pool Designed for Blockchain.com
The crypto firm Blockchain.com has revealed it has secured up to $100 million in liquidity from Truefi’s single-borrower pool. The pool will be initially capped at $100 million over the first year and Blockchain.com aims to use the funds to bolster its own “liquidity pools, leverage trading support, and book of lending services.” Blockchain.com Leverages …
Biggest Movers: DOGE up on Twitter News, WAVES Deep in the Red
DOGE rallied on Monday, as traders reacted to the news that Elon Musk was possibly nearing a takeover of Twitter. While DOGE surged, AXS and WAVES were also big movers, however they were mainly in the red, as recent losses extended. Dogecoin (DOGE) DOGE was trading higher to start the week, as markets reacted to …
Continue reading “Biggest Movers: DOGE up on Twitter News, WAVES Deep in the Red”
Report: Twitter Engages in Negotiations With Elon Musk, Analyst Says Unless a Second Bidder Appears Musk Will Acquire the Company
According to multiple reports stemming from people familiar with the matter, Twitter has been engaged in negotiations with Elon Musk over his proposal to purchase the social media platform for $46.5 billion. Sources detail that a number of Twitter shareholders allegedly reached out to the company’s board after Musk detailed his financing plans last week. …
Bitcoin, Ethereum Technical Analysis: ETH, BTC Fall to 5-Week Lows
Both ETH and BTC fell close to five-week lows to start the week, as losses in crypto markets extended on Monday. Following bearish pressure over the weekend, BTC started the week trading below $39,000, while ETH was under $2,900. Bitcoin Bitcoin started the week trading in the red for a fifth consecutive session, as prices …
Continue reading “Bitcoin, Ethereum Technical Analysis: ETH, BTC Fall to 5-Week Lows”
Chainalysis: Crypto Gains Skyrocket Worldwide — Investors’ Profit Grew 5x to $163 Billion in 2021
Blockchain data analytics firm Chainalysis has found that the total cryptocurrency gains worldwide amounted to $163 billion in 2021, which was 5x the previous year or a 400% increase. Chainalysis on Crypto Gains Worldwide Blockchain analysis firm Chainalysis published a blog post last week titled “2021 Cryptocurrency Gains by Country: Ethereum Leads as Gains Skyrocket …
5 Top Crypto To Buy This Week [LBLOCK, LUNA, APE, FTT, AVAX – April 2022 Week 4
The crypto market is trading downwards as we head into the month’s final week. Large-cap coins have shed a lot of value in the past week, and investor confidence isn’t at its highest point. However, market downturns remain great opportunities for smart investors to pick high-value coins at a discount. Below, we’ll look into some …
Continue reading “5 Top Crypto To Buy This Week [LBLOCK, LUNA, APE, FTT, AVAX – April 2022 Week 4”
$3,000,000,000 Worth of Bitcoin (BTC) Forfeited to US Government By Former Silk Road Founder
Silk Road founder Ross Ulbricht is forfeiting billions of dollars worth of Bitcoin (BTC) and other crypto assets to the US government. According to a new court filing, Ulbricht will relinquish any claim to over 69,000 BTC and undisclosed amounts of Bitcoin Gold (BTG), Bitcoin SV (BSV) and Bitcoin Cash (BCH) worth a combined $3 …
DeFi partnership aims to tokenize shares of pre-IPO companies
Decentralized finance (DeFi) protocol Portal has partnered with the asset marketplace HighCircleX (HCX) to tokenize stocks of pre-initial public offering (IPO) companies, according to an announcement shared with Cointelegraph on Monday. The collaboration aims to make investing in private equity easier by building on top of the Bitcoin (BTC) blockchain. Through this, HighCircleX is looking …
Continue reading “DeFi partnership aims to tokenize shares of pre-IPO companies”
Could XRP price lose another 70% by Q3?
Ripple (XRP) continued its correction trend on April 25, falling by 5.5% to reach $0.64, its lowest level since Feb. 28. More XRP price downside ahead? The plunge increased the possibility of triggering a bearish reversal setup called descending triangle. While these patterns form usually during a downtrend, their occurrences following strong bullish moves usually mark …
STEPN impersonators stealing users’ seed phrases, warn security experts
Peckshield, a prominent blockchain security firm, exposed the existence of numerous phishing websites for the Web3 lifestyle app STEPN on Monday. Hackers insert a forged MetaMask browser plugin through which they can steal seed phrases from unsuspecting STEPN users, according to Peckshield. When these cybercriminals obtain the seed phrase, they gain complete control over the …
Continue reading “STEPN impersonators stealing users’ seed phrases, warn security experts”
dYdX Faces Censorship and Centralization Criticism for Blocking User Accounts
dYdX is facing criticisms of centralization and censorship from the crypto community over recent blockings. A few users have been sent messages saying that they have been permanently blocked for jurisdictional reasons. Executives from Starkware, associated with dYdX, are looking into the matter, saying that it was weird and unexpected. Decentralized exchange dYdX is facing …
Continue reading “dYdX Faces Censorship and Centralization Criticism for Blocking User Accounts”
Jack Dorsey Says Ethereum Has Many Single Points of Failure
Since the outset, it has been evident that Twitter’s former CEO is not a supporter of the Ethereum blockchain. Too often, the founder has stated that he is a diehard Bitcoin supporter who is uninterested in Ethereum. Jack Dorsey recently demonstrated his opposition against the second-largest digital asset and the blockchain in general. To wit, …
Continue reading “Jack Dorsey Says Ethereum Has Many Single Points of Failure”
What is Immutable X (IMX)? Explained
It has been only a little more than a decade since we got our first cryptocurrency, ‘Bitcoin’ unveiled as a paperless decentralized currency. The project pioneered a new wave of digital currency that eliminated the dependence on central banks and financial institutions. While many experts failed to trust the project, more because of its decentralized …