Decentralized lending platform Aave has halted lending Ethereum (ETH) loans to users. The development manifested after the Aave community voted to stop the loaning of ETH. The poll ran from August 30 to September 2, as the community put aside the principle of a democratized finance free market to mitigate protocol-wide dangers that are attached …
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The Australian Ministry of Treasury has called for the opinion of Australian citizens regarding a proposed bill on crypto taxation. The Assistant Treasurer, Stephen Jones, made it known via a press release that the Aussie government is willing to exclude crypto from its taxation list. Jones echoed the intention of the government to view crypto …
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The apex bank in Russia has consulted with relevant stakeholders to legalize cryptos for cross-border payments. The bank confirmed this development in a special report released by the central bank. The Bank of Russia and the Ministry of Finance have concluded that “it is impossible to do without cross-border settlements in cryptos,” particularly in the …
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Popular bitcoin mining pool, Poolin, has temporarily halted withdrawals of Bitcoin and Ethereum withdrawals. The crypto miner announced the decision in its latest blog post. According to Poolin, it is facing “liquidity problems,” thus necessitating the suspension. The bitcoin miner lamented how the persistent increase in withdrawals had plunged it into liquidity turmoil. Poolin maintained …
Following a bullish start to Tuesday trading, where Ethereum gained 6% on Bitcoin as it marched back towards $2,000, the market turned to see Bitcoin lose $19k and Ethereum drop below $1,500. BTCUSD TradingView on CryptoSlate The sharp decline in Tuesday evening trading saw over $100 million in Bitcoin liquidations in the space of four …
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Web3 accelerator program PolygonLEAP has announced 6 startups who emerged as winners from its incubation program and will share its grand prize of $250,000. PolygonLEAP was launched in 2021 by Polygon in partnership with Lumos Labs. The first iteration of the incubation program which started in December worked with 31 projects building across payments, gaming, …
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Deputy Finance Minister Alexey Moiseyev has confirmed that Russia is working with crypto-friendly countries to facilitate cross-border payments using stablecoins as sanctions from U.S and U.K. mount, local news TASS reported on Sept. 6. The Finance Minister and Central Bank had earlier agreed that Russia can’t do without cross-border settlements in cryptocurrency. Consequently, Russia is developing …
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Cross-chain liquidity provider Bitfrost has collaborated with Coinbase Cloud to offer its liquid staking service on the Kusama network, according to a Sept.6 announcement. Bifrost was built using the cross-consensus messaging (XCM) system which allows for easier transfer of liquidity for assets staked across the Polkadot ecosystem. The collaboration will see Bifrost leverage Coinbase Cloud‘s …
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The highly anticipated Solana-based y00ts NFT collection is finally live, with 6,500 owners minting the collection within the first 24 hours, according to OpenSea data. The collection’s floor price rose to as high as 186 SOL ($6138) before retracing to 172 SOL ($4300) at press time. The y00ts NFT collection was meant to launch on …
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This week, the hardware wallet manufacturer Trezor, and the non-custodial bitcoin wallet with a built-in Coinjoin mixer, Wasabi, revealed the two teams are working together to introduce Coinjoin mixing into hardware wallets. On Sunday, Wasabi tweeted “hardware wallet Coinjoins are coming next year with our friends at [Trezor].” Trezor Says Company Is ‘Working on a …
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While the cryptocurrency community prepares for The Merge, the Nasdaq-listed, Hive Blockchain Technologies, revealed in the company’s August 2022 production update that it plans to re-distribute its hashpower dedicated to Ethereum toward “other GPU mineable coins.” Hive’s Technical Team Researches Other GPU Mineable Coins On September 6, Hive Blockchain Technologies (Nasdaq: HIVE) published the company’s …
The blockchain network Ethereum has officially activated the Bellatrix upgrade, the final change before The Merge, the highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoS). Bellatrix was successfully codified into the codebase at epoch 144,896 on the Beacon chain and Ethereum co-founder Vitalik Buterin detailed it was important for network participants to update their …
press release PRESS RELEASE. The connected future of sports and blockchain is on the horizon as Rögle announced an NFT-driven partnership with Locker Token earlier today. The partnership, as entailed in an official release, establishes a formal relationship between the two entities while also providing an insight into Rögle’s intention to launch players and in-game …
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Yesterday, the bulls broke loose with a very aggressive up push of the price. This followed 6 days of market indecision because of the price struggle between buyers and sellers. And this led to the ranging market. In this one day, ETC/USD recovered from the downside to the upside. The market price rose from $32.00000 …
When we look at how sellers overran the buyer on the 2nd of September, it is easy to conclude that LUNC/USD uptrend will soon come to an end. However on that same day, buyers reclaimed their dominance of the market. The buying pressure has kept the price in an uptrend for so long time because …
Continue reading “Terra Classic Price Analysis for 6th of September: LUNC/USD Is Hyper-Bullish”
