2021 has been a breakout year for the cryptocurrency sector, as the passage of the first Bitcoin (BTC) exchange-traded fund (ETF) is a sign that crypto is becoming more mainstream and has the potential to lead to an increase in investors’ exposure to BTC. The influx of new participants into the market throughout the year …
Category archives: Trending Crypto news
DeFi protocol Aave encounters major capital flight
Annual percentage yields, or APY, on crypto borrowing and lending platform Aave have surged to record levels after capital withdrawals sent the decentralized finance, or DeFi, protocol into a liquidity crunch. At the time of writing, variable APY on borrowing stablecoin Dai via Aave has surged to 24.88%, compared to approximately 6.50% the day prior. …
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US Senator Hagerty to CFPB Director: Don’t Stifle Crypto Innovation
U.S. Senator Bill Hagerty (R-VA), who was elected in 2020 to represent Tennessee after a stint as Ambassador to Japan, spoke to newly appointed Consumer Financial Protection Bureau Director Rohit Chopra regarding cryptocurrencies in a banking committee hearing, saying “I just want to make certain as you exercise those oversight responsibilities that we don’t stifle …
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Aavegotchi (GHST) gains 50% as ‘Gotchiverse’ auctions set a path to the Metaverse
The world of decentralized gaming has seen significant growth in 2021 as the rise of play-to-earn (P2E) gaming merged with NFTs to open the first pathway to the Metaverse. Aavegotchi is currently making inroads in the blockchain-based gaming sector with a somewhat novel approach that incorporates features from P2E gaming, NFTs and decentralized finance (DeFi). …
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Top Trader Capo Says He’s Still All In on Altcoins, Updates Outlook on Three Crypto Assets
A popular crypto strategist and trader is updating his analysis on three altcoins he says are primed to hit all-time highs. The pseudonymous crypto analyst known as Capo tells his 183,700 followers that he’s still “all in” on altcoins. ADVERTISEMENT The trader expects DOT, the native asset of smart contract platform Polkadot, to “outperform …
DeFi Platform Loses $130,000,000 in Attack That Cost Over $37,000 in Ethereum Fees
Decentralized Finance (DeFi) platform Cream Finance (CREAM) says that its lending market suffered a hack resulting in the loss of crypto assets worth approximately $130 million. Cream Finance says in a tweet that the attacker exploited a vulnerability in the first version of the C.R.E.A.M. lending market platform. ADVERTISEMENT “Our Ethereum C.R.E.A.M. v1 lending …
Crypto Analyst Michaël van de Poppe Unveils New Ethereum Price Prediction As Top Crypto Shatters Record High
Popular crypto trader Michaël van de Poppe is updating his analysis on Ethereum (ETH) as the crypto asset hits a new all-time high of $4,428. Van de Poppe tells his 459,000 Twitter followers that the second-largest crypto by market cap has flipped resistance into support and appears ready to begin a gradual push to a …
President Biden’s Spending Bill Includes New Language Addressing Crypto Asset Regulation
President Biden’s new agenda could expand how capital gains taxes apply to crypto assets. Included in H.R. 5376, also known as the “Build Back Better” bill, is a clause that would amend the Constructive Sale rule to apply to cryptocurrencies and other digital assets. ADVERTISEMENT The Constructive Sale rule was created in 1997 to …
Kazakhstan expects at least $1.5B in economic activity from crypto mining within 5 years
A report from the Data Center Industry & Blockchain Association of Kazakhstan, or NABDC, estimates that cryptocurrency mining could bring $1.5 billion in revenue for the country over the next five years. Currently, corporate digital currency mining activities generate about 98 billion tenge ($230 million) per year in the country. Alan Dordzhiev, the president of …
Ethereum’s new all-time high prepares ETH for ‘continuation to $5,000’
The cryptocurrency market is in high spirits on Oct. 29 after bulls managed to lift the price of Bitcoin (BTC) back near the $63,000 support zone and Ether (ETH) has established a new all-time high at $4,460. ETH/USDT 4-hour chart. Source: TradingView Here’s what anlaysts are saying about the market now that Bitcoin is finding …
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Cardano stablecoin protocol Ardana raises $10M in latest funding round
Ardana, a stablecoin ecosystem built on the Cardano (ADA) blockchain, received $10 million in seed capital from a group of investors led by Three Arrows Capital and Ascensive Assets. Ryan Matovu, CEO and co-founder of Ardana, issued the following statement regarding the deal: “As the first all-in-one stablecoin ecosystem built on Cardano, our platform provides …
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Price analysis 10/29: BTC, ETH, BNB, ADA, SOL, XRP, DOT, DOGE, SHIB, LUNA
Bitcoin (BTC) is still in a corrective phase but Ether (ETH) has attracted strong buying, which pushed it to a new all-time high on Oct. 29. The successful Altair Beacon chain upgrade seems to have boosted sentiment and it also paves way for the merge with the Ethereum mainnet and the change to proof-of-stake. Meanwhile, …
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Play-To-Earn Project Good Games Guild Closes $1.7 Million Fundraising Round
October 29, 2021 – Jakarta, Indonesia Good Games Guild, the play-to-earn game hub, has closed its seed fundraising round collecting $1.7 million from a list of notable investors. Specifically, NGC led the round with OKEx Blockdream Ventures, Chromia, LD Capital, Basics Capital, Twin Apex Capital, Kyros Ventures, Titan Ventures, Mapleblock, Fomocraft Ventures, ExNetwork Capital, Master …
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The Best Trade of All Time? Crypto Investor Put $8,000 Into Shiba Inu 400 Days Ago – This Is How Much It’s Now Worth
About 400 days ago, an anonymous crypto investor purchased about $8,000 worth of the memecoin Shiba Inu (SHIB). The return on that investment? The lucky trader’s SHIB is now worth more than $4.45 billion. ADVERTISEMENT The business media company Morning Brew first reported on the jaw-dropping trade earlier this week, right as SHIB was …
Rally founders launch crypto venture studio backed by a16z partner
Two blockchain entrepreneurs have launched a new cryptocurrency fund designed to bootstrap promising Web 3 startups, sending a strong signal that venture capital is eyeing the next builders of the decentralized internet. On Friday, Kevin Chou and Mahesh Vellanki unveiled SuperLayer, a crypto venture studio building Web 3 projects directly on the Rally network, a …
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