The creator of popular meme token Dogecoin (DOGE) is rejecting an offer worth millions of dollars in digital assets to promote an unofficial offshoot crypto project. Billy Markus, co-founder of the dog-themed crypto asset, has rejected an offer of 10 billion DOGE, worth about $14 million at time of writing, to promote Dogechain, a blockchain …
Monthly archives: August 2022
CEO of $4,700,000,000 Crypto Asset Manager Says Upcoming Ethereum Upgrade an ‘Exciting Prospect’ – Here’s Why
Pantera Capital CEO Dan Morehead is highlighting the benefits of Ethereum (ETH) transitioning to a proof-of-stake (PoS) consensus mechanism. In Pantera’s latest Blockchain Letter, the crypto-focused hedge fund’s top executive explains that one consequence of the network’s upcoming Merge will be the elimination miner rewards and thus a reduction in the daily issuance of new …
Here’s What Needs To Happen for Bitcoin and Ethereum To Continue Upward Momentum, According to Top Analyst
A widely followed crypto trader is outlining how the top two leading digital assets can continue their upward movement. The pseudonymous analyst known as Rekt Capital tells his 328,000 Twitter followers that king crypto Bitcoin (BTC) has been in a technical uptrend for the past five days that could continue. If it does, the crypto …
Coinbase says it will ‘evaluate any potential forks’ following the Merge
Cryptocurrency exchange Coinbase has updated its information related to Ethereum transitioning to proof-of-stake to include forks that could arise. In a Thursday update to an Aug. 16 blog post, Coinbase said it would evaluate any potential forks in the Ethereum blockchain on a “case by case basis.” The crypto exchange previously said it planned to …
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Bitcoin Price Prediction for Today August 26: BTC Price Slumps and Breaks Below $20.7K
Bitcoin Risks Further Decline as It Slumps and Breaks below $20.7K – August 26, 2022 Bitcoin (BTC) has been trading in a tight range as it slumps and breaks below $20.7K. The price movement has remained stagnant above the $21,000 support. The price action is now characterized by small body indecisive candlestick called Doji and …
CryptoSlate Wrapped Daily: Fed’s Powell hawkish on inflation as BTC tumbles, Taliban ban crypto
The biggest news in the cryptosphere for Aug. 26 includes Federal Reserve Chairman Jerome Powell’s indication that recovery from the burgeoning inflation levels is still far from being done, and another stablecoin losing its peg from the U.S. Dollar as the bear market continues. CryptoSlate Top Stories Federal Reserve Chair urges everyone to ‘factor inflation …
Coinsillium CEO deems CBDCs a ‘small niche’ vs Bitcoin, other cryptocurrencies
The development of Central Bank Digital Currencies (CBDCs) is picking up pace but Coinsillium CEO Eddy Travia is not concerned about their impact as he thinks they fail to give users an edge over existing private crypto options. Coinsillium is an open finance venture operator specializing in blockchain technology, especially non-fungible tokens, which the firm …
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Compound v3 “Comet” launched with support for single borrowing model
The third iteration of Compound called “Comet” will support single interest-bearing assets as the lending protocol undergoes a major upgrade. With the Compound community voting in support of version 3, the lending protocol announced its new features on Aug. 26. Today, following a successful COMP Governance proposal, Compound III is live 📈3⃣ Compound III is …
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Bitboy has not yet dropped his lawsuit against Atozy
Benjamin Armstrong, popularly known as “Bitboy,” has not yet dropped the defamation lawsuit against YouTuber Atozy, despite publicly declaring to do so on Aug. 25, Atozy said in a tweet on Aug. 26. Bad news.The Bitboy situation is not over.Received this from my lawyer just now… pic.twitter.com/p4diYGxC7L — atozy (@atozy) August 26, 2022 According to …
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X2Y2 implements flexible royalty option for buyers
NFT marketplace X2Y2 has moved to retain its customers by introducing an option that allows buyers set the royalty fee they wish to contribute to an NFT project. The NFT marketplace issued the update on Aug, 26, detailing how royalties on the platform will be distributed going forward. Buyers on X2Y2 can now choose the …
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Afghanistan Closes Down 16 Cryptocurrency Exchanges, Arrests Operators
Law enforcement in Afghanistan has shut down over a dozen crypto exchanges in Herat, detaining the people who were running them. The offensive comes after the introduction of a ban on online foreign exchange that the Taliban seem to have applied to coin trading as well. Taliban Government Goes After Crypto Trading in Afghanistan Citing …
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China’s Yuan Continues to Depreciate Against Greenback, Real Estate Crisis Exposed 2 Decades of Accumulated Risk
China’s sovereign currency, the yuan, has slid significantly in value during the last few months as it has shed 8% against the U.S. dollar during the first half of 2022. China’s fiat currency is currently the weakest it has been against the U.S. dollar in roughly two years. Amid the depreciating yuan, China is suffering …
Bitcoin’s Hashrate Skyrockets, Block Intervals Suggest a ‘Notable’ Difficulty Increase Is in the Cards
While bitcoin prices hover just below the $22K mark, the leading crypto asset has still shed more than 9% against the U.S. dollar during the last two weeks. Despite the lower prices, Bitcoin’s hashrate has jumped significantly in recent times and block intervals have sped up a great deal. The trend suggests that when the …
Cardano Price Prediction for 26th of August: ADA/USD Resumes Downtrend After a Short Period of Consolidation
After a three-day ADA/USD bearish trend, the buying pressure became strong enough on the 20th of August to stop any more downward trends. The market action for that day (the 20th) shows a serious struggle between the forces of buyers and sellers. The buying pressure was only able to hold up the selling pressure in a sideway-ranging …
QNT Touches $99 Low As Tamadoge Increases
The daily chart reveals that the Quant price prediction is likely to follow a long-entry level near the support level of $95 level. Quant Prediction Statistics Data: Quant price now – $101 Quant market cap – $1.2 billion Quant circulating supply – 12 million Quant total supply – 14.6 million Quant Coinmarketcap ranking – #42 …
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