The legitimacy of cryptocurrencies is under constant threat from bad actors. Wash trading is a huge issue, for example, and is widespread in NFT sales: one high-profile case was exposed on a popular marketplace where 94% of $2 billion transacted was proved to be wash traded. How did we find out about it? An NFT …
Continue reading “Op-ed: How leveraging blockchain data can be a revolutionary act”
A video from the Anonymous Group has surfaced on Twitter with the hacker group promising to investigate claims of the Bored Apes NFT collection ties with Nazi symbolism. BAYC founders have publicly denied the allegations. Anonymous Message for Enthusiasts of the NFT Collection, BAYC #burnbayc #bayc #Anonymous #nfts #nftcommunit #burnbayc #bayc #nfts #nftcommunity pic.twitter.com/jWzW0avXeS — …
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In just over a month’s time, The Merge is likely to be implemented on the Ethereum blockchain and the network’s proof-of-work (PoW) miners will be forced to mine another coin. So far, it seems ethereum miners are sticking with the PoW Ethereum chain until the very end as profits have increased. While Ethereum will change …
2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) dropped below a U.S. penny in value, only to bounce back to the $0.95 region hours later. Reports say that the Acala protocol was …
Continue reading “Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value”
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News …
Continue reading “Weekly NFT Sales Show Improvement, Fantom and Immutable X NFT Volume Spikes”
Crypto exchange Coinbase says that the Lightning Network has the potential to disrupt the massive $150 billion payments industry. Lightning Network is a layer-2 scaling solution built on top of Bitcoin that aims to enable instant and cost-effective transactions for BTC. In a new blog post, Coinbase says the Lightning Network is targeting a more …
The Commodity Futures Trading Commission (CTFC) is charging an Ohio man for soliciting over $12 million and 10 Bitcoin (BTC) in an alleged Ponzi scheme. According to a new press release, the CTFC is taking civil enforcement actions against Rathnakishore Giri and his two companies for allegedly soliciting funds from 150 clients in a fraudulent …
Continue reading “Man From Ohio Charged by CTFC for Alleged $12,000,000 Crypto Ponzi Scheme”
The S&P 500 rose for the fourth successive week as investors cheered on signs that inflation may have peaked. Bitcoin (BTC) and select altcoins also extended their recovery, suggesting that investors are increasing their exposure to risk assets. A similar trend has played out in the cryptocurrency markets. Altcoins, led by Ether (ETH), have outperformed …
Continue reading “Top 5 cryptocurrencies to watch this week: BTC, ADA, UNI, LINK, CHZ”
Several crypto platforms froze withdrawals this summer. Which have restored account access to their users? In recent months, several cryptocurrency lending companies and other services have suspended withdrawals and frozen customer balances. Those companies began to suffer from low liquidity when Bitcoin prices plummeted to levels near $20,000 in June. In order to regain solvency, …
Continue reading “Frozen Crypto Accounts: Which Insolvent Companies Have Opened Withdrawals?”
ENJ/USD’s Daily Chart Shows Price Action on a Steady Bullish Move. The rise in the value of ENJ/USD is steady as the price action rises with the 9-day moving average. But on the 4-hour chart, the price activities are quite erratic. It is quite a struggle between the bulls and the bears, but the bulls …
Continue reading “ENJ/USD Price Prediction for 14TH August: Enjin Made a 1.67% Rise in Value”
TL;DR Ben Armstrong, also known as BitBoy Crypto warns his followers that he is planning something which will change the crypto industry forever. BitBoy Crypto is a Youtube influencer that has more than 1.5 million followers on his YouTube account. The controversial but well-known youtube crypto influencer Ben Armstrong, also known as BitBoy Crypto by …
Chiliz soars up to $0.187875; it is its all-time-high in two months. CHZ/USD has been able to rise from $0.16139916 to where it is now within 24 hours. Apart from today’s strong bullish move, the general chart outlook from 26th July till date is that of an uptrend. The Bullish trend started from the resistance …
Continue reading “Chillz Price Forecast for 14TH of August: Bulls Are on in CHZ/USD Market”
Shark Tank investor Kevin O’Leary says that the recent arrest of the suspected developer of coin mixing service Tornado Cash is a worthy sacrifice on the road to a more regulated crypto industry. In a panel discussion on Crypto Banter, the venture capitalist says that Tornado Cash and similar services are part of a “crypto …
TL;DR Acala network, the defi protocol for Polkadot, has suffered a breach, and its stablecoin depegged from the dollar. Acala Network’s aUSD stablecoin currently sits below $1, dropping as low as 0.58 at one point. It is reported that hackers collected approximately $1.2 Billion $AUSD. Polkadot’s decentralized finance protocol Akala Network is in significant trouble …
Continue reading “Polkadot Stablecoin Depegs Following $1.2 Billion Acala Network Exploit”
CryptoSlate chatted with María from Women From Cosmos, a female artist-led collection of hand-drawn NFTs. In the chat, María told us: Tell us about your background. When and why did you become a digital artist/illustrator? I started my career as a digital illustrator professionally a few years ago. I have been drawing since I can …
Continue reading “Why this digital artist chose to build on Cosmos and what she expects from web3”
