We need to have a conversation about fractionalization, and why this by-product of DeFi’s boom must be properly addressed through the development of cross-chain integrations. Within the blockchain world, there’s endless talk about the importance of decentralization. But there’s a by-product from DeFi’s boom that is little talked about. Fractionalization is an unavoidable consequence of …
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The digital trees are a smash hit amid a demand drought for NFT projects. While the short-term market outlook for many NFT projects look uncertain, and multiple new releases struggle to gain traction, one gardening-themed drop may have set some records by selling 8,888 nonfungible tokens (NFTs) in just under an hour. Nonfungible token studio …
Continue reading “Bonsai bonanza as Zenft studio sells out $2 million NFT drop in one hour”
DOGE, KNC and KAVA are just a few of the altcoins that posted double-digit gains as Bitcoin and Ether rallied to key overhead resistance levels. Weary cryptocurrency traders awoke to the sight of green in the markets on May 2, as bulls managed to bid the price of Bitcoin (BTC) above the crucial “line in …
Continue reading “Altcoins and DeFi tokens breakout as Bitcoin price nears a key resistance”
Multiple parties added capital to Endaoment, which aims to turn its ecosystem into a decentralized autonomous organization for donations — a charity for the people. Opportunities for cryptocurrency usage have risen over the years as digital assets have become more well known. One operation, called Endaoment, is aiming to put charitable giving in the hands …
Continue reading “Funding surpasses $2 million for this charity DAO”
Altcoins are picking up steam as the relief rally in Bitcoin and Ether gains traction. Bitcoin’s (BTC) active supply — coins that have moved in the past two years or earlier — dropped to a five-month low of 44.5% on June 2, according to data from Glassnode. This indicates that investors who had purchased Bitcoin …
Continue reading “Price analysis 6/2: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, ICP, BCH”
The new policy allows companies that have cleared rigorous regulatory hurdles to post ads. In a surprise move today, online advertising behemoth Google has lifted a nearly three year old policy banning cryptocurrency exchanges from using its ad services. “Beginning August 3, advertisers offering Cryptocurrency Exchanges and Wallets targeting the United States may advertise those …
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Bitcoin is forming a textbook downside continuation structure called Bearish Pennant whose ultimate breakout target lurks near $16,000. Bitcoin (BTC) has rebounded by more than 25% after bottoming out at $30,000 during the May 19 crash. But the cryptocurrency continues to tread ahead under the possibility of facing another period of strong sell-offs owing to …
“NFTs present a real opportunity for artists to create and derive more value than ever before, and we saw an opportunity to solve the existing challenges and barriers to entry that many are currently facing with Metaplex,” said Raj Gokal, COO of Solana Labs. A nonfungible token marketplace by the name of Metaplex has officially …
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The joint venture fund is intended to provide funding, developmental support and exchange listings to up-and-coming Polygon ecosystem projects. Polygon ecosystem is getting a major funding boost thanks to a new joint venture fund with blockchain venture capitalist AU21 Capital, setting the stage for wider adoption of the Ethereum-compatible infrastructure platform. The $21 million Polygon …
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Kraken’s mobile crypto trading app is now available across the United States, except for New York and Washington. Major global cryptocurrency exchange Kraken has launched a mobile crypto trading application in a new move to boost industry adoption in the United States. The company announced Wednesday that its new app is now available for most …
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Manufacturers restrict mining of cryptocurrencies due to a shortage of GPU cards: Will this lead to the end of mining as we know it? After an exceptional start to the year, the crypto market entered a bearish period in mid-May, causing some to reevaluate their stance on some of the fundamentals surrounding the crypto industry. …
Continue reading “Fortunes turning? Specialized GPUs and SSDs come to aid crypto miners”
One Irish MEP wants even stricter stablecoin and crypto regulations in Europe. Chris MacManus, a Member of the European Parliament (MEP) representing Midland Northwest, Ireland, has called for strict crypto regulations in Europe. According to a report on Wednesday, the MEP from Sinn Féin wants wholesale changes to the European Union’s proposed cryptocurrency changes. MacManus …
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The Dogecoin bull run is not over thanks to its Coinbase listing and simultaneous DOGE price rally. Dogecoin (DOGE) prices jumped by nearly 40% on a 24-hour adjusted timeframe on Wednesday, shaking out more than $16 million worth of bearish leverage in just one hour while almost reclaiming its pre-crash high. Dogecoin derivatives market records …
Continue reading “Dogecoin gets back to pre-crash prices as $16M in DOGE shorts get liquidated”
The new Guggenheim Active Allocation Fund will be a diversified, closed-end management investment fund that may seek investment exposure to cryptocurrencies. Global investment firm Guggenheim Investments has filed with the United States Securities and Exchange for a new fund that may seek exposure to Bitcoin (BTC). According to a Tuesday filing, the new Guggenheim Active …
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Despite the recent $21 billion loss in DeFi within the past two weeks, the DEX space is still drawing in high trading volumes and investors are pouring in their funds to assure its future. EmiSwap — a community-governed decentralized exchange (DEX) — has raised $104 million from a large number of investors, each of whom …
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