Australian university researchers have questioned Bitcoin’s reputation as the best store of value network in cryptocurrency, with Ethereum on track “to becoming the world’s first deflationary currency.” A Nov. 18 paper by four Australian researchers discusses how the EIP-1559 upgrade makes ETH a potentially better store of value. The research comes was coauthored by Ester …
Continue reading “Academic research claims ETH is a ‘superior’ store of value to Bitcoin”
By Aaron Henshaw, Head of Coinbase Cloud Engineering It’s no secret that crypto is gaining mainstream appeal, with the global crypto market cap reaching an all-time high of $3 trillion for the first time, the total value locked in DeFi reaching $250 billion, and 16% of Americans investing in, trading, or otherwise using cryptocurrency in …
Continue reading “Nearly one year in: Leading the herd at Coinbase”
There are high ceilings and low floors when it comes to crypto at times. Another hack came to life this week, and early reports have stated that the hack was a front-end compromise that led to users being tricked into approving unwanted transactions. The news comes after a $35M DeFi hack of the Vee Finance …
Continue reading “Largest DeFi Hack Yet? BadgerDAO Hack Results In Loss Of $120M+”
Grubhub, an American online food delivery platform, has come up with an exciting new way to engage its users. The company has partnered with Bitcoin rewards company Lolli to allow its users to earn Bitcoin (BTC) on every order. Integrating crypto into a simple routine activity – like ordering food online, is yet another effort …
Continue reading “Grubhub Announces Free Bitcoin Rewards On Food Deliveries”
The Cardano network remains one of the most stable blockchains in the crypto space. Founded in 2017, the network remains the largest proof of stake network in the industry. It holds the title for the proof of stake network with the highest amount of coins staked, only recently conceding to Solana to become the smart …
Continue reading “Cardano Records Over 20 Million Transactions Ahead of DEX Launches”
Back in March of 2020, those taking position ahead of the Bitcoin halving were blindsided by the Black Thursday market selloff, driven by panic at the onset of the COVID pandemic and subsequent lockdowns. With the new Omicron strain making headlines, and lockdowns once again considered, could the cryptocurrency market be facing another dangerous macro …
Continue reading “Bitcoin And Omicron: Is Another Black Swan Brewing?”
Bitcoin exchange reserves have shown a sudden sharp spike recently, despite being in a declining trend for months. After Months Of Downtrend, Bitcoin Exchange Reserves Shoot Up As pointed out by a CryptoQuant post, on-chain data shows that BTC exchange reserves have spiked up in the past couple of weeks. The “all exchanges reserve” is …
Continue reading “Bitcoin Bearish Signal: Exchange Reserves Show Sharp Increase”
According to reports from local media, the Indian government will not move for an outright ban on crypto and will instead regulate the sector. On Nov. 23, Cointelegraph reported that the Indian government was considering a bill proposing the creation of an official digital currency while imposing a ban on all “private” cryptocurrencies. The news …
Continue reading “India to regulate, not ban, crypto: Cabinet documents”
A groundbreaking five-year study into whether crypto token incentives can improve health outcomes for patients with HIV/AIDS will be launched in Kenya by the end of the year. On Nov 1, the blockchain-powered healthcare ecosystem Immunify.Life and the Masinde Muliro University of Science and Technology (MMUST) announced they had secured the approval needed from an …
Continue reading “5 year study looks at if token rewards can improve HIV patient outcomes in Africa”
The host of popular crypto channel Coin Bureau is outlining which metaverse altcoins he believes investors should keep a close eye on. Pseudonymous crypto analyst Guy tells his 1.7 million subscribers about three metaverse projects he thinks will have long-term success, starting with Axie Infinity (AXS). Guy says that AXS started the play-to-earn gaming trend …
Morgan Creek Digital co-founder Anthony Pompliano still considers Bitcoin (BTC) to be the leading crypto asset. In a new interview on CNBC’s Squawk Box, Pompliano says that the top crypto still has a lot of bullish fundamentals despite any downsides. “If you look at how many people [who] hold Bitcoin are in profit, so basically …
The largest crypto whales in the Ethereum ecosystem are utilizing the market dip to purchase more ETH, dollar-pegged stablecoins and seven additional altcoins running on the leading smart contract platform. According to the crypto whale tracker WhaleStats, the largest 1,000 non-exchange Ethereum wallets have accumulated an average amount of approximately $365,000 worth of ETH, $154,000 of Tether (USDT) …
Economist and trader Alex Kruger says that Federal Reserve Chair Jerome Powell’s remarks at the U.S. Senate hearing on November 30th are bearish for Bitcoin (BTC). Kruger tells his 101,600 Twitter followers that Powell’s comments that the Fed could accelerate tapering by reducing bond purchases and that inflation is not “transitory” weakens Bitcoin’s chances of …
More than $150 million has been lost this week in separate security breaches at DeFi projects MonoX and BadgerDAO. Multi-chain decentralized exchange (DEX) MonoX (MONO) suffered a cyber attack on Nov. 30 leading to about $31 million in losses. BadgerDAO (BADGER) suffered a front-end attack that was discovered on Dec. 2 with estimates of Badger’s …
Continue reading “DeFi disasters: $31M drained from MonoX and BadgerDAO losses top $120M”
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Top of the food chain This probably won’t come as a surprise to anyone in the crypto industry, but Binance founder CZ has …
