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Archives by Year:
Stellar Token XLM Targets $0.43 After Crucial Breakout
Key Takeaways Stellar looks primed for higher highs after breaking out of a consolidation pattern. Further buying pressure could see XLM rise by nearly 20% and target $0.434. Prices must hold above the $0.357 support level for the bullish outlook to prevail. This news was brought to you by Phemex, our preferred Derivatives Partner. XLM […]
Cardano Sets New High on Smart Contracts Testnet Launch
Key Takeaways Cardano deployed smart contract capability on testnet Thursday. ADA has surged to all-time highs above $3, putting Cardano’s market cap is now $97 billion. The highly anticipated Alonzo hardfork is on track for deployment on Sep. 12. In a Thursday Twitter announcement, Input Output, the development company behind Cardano, revealed the Plutus smart […]
Singapore Central Bank Puts Binance on Alert List
Key Takeaways The Monetary Authority of Singapore has placed Binance.com on its Investor Alert List. The Monetary Authority of Singapore says the global exchange has breached the country’s Payment Services Act. Binance.com can no longer solicit business services in Singapore. This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. Singapore’s central […]
Vitalik Buterin: “Ethereum Depends Less on Me Than Ever”
Key Takeaways In a Thursday AMA on Twitter, Vitalik Buterin answered questions from people he follows, with topics ranging from philosophy and health to online privacy and game theory. Buterin suggested that he regretted having eight co-founders behind Ethereum. He also said that he thinks Ethereum depends less on him than ever before today. In […]
Bitcoin Breaks $50,000 as Institutions Accumulate
Key Takeaways Bitcoin is up nearly 6% in the last 24 hours, breaking through $50,000. Data shows that institutional players and whales have been accumulating BTC. A decisive daily candlestick close above $51,500 could push prices towards $60,000. This news was brought to you by Phemex, our preferred Derivatives Partner. Bitcoin has surged past $50,000 […]
SEC Sues BitConnect Founder in Latest Legal Filing
The U.S. Securities and Exchange Commission has sued the founder of BitConnect, according to a new legal filing. SEC Targets BitConnect Founder BitConnect was a prominent cryptocurrency Ponzi scheme that operated between 2016 and 2018. It quickly shut down after intervention from the Texas State Security Board. The filing targets BitConnect founder Satish Kumbhani, a […]
Axie Infinity Revenue Jumped Another 85% in August
Key Takeaways Axie Infinity’s revenue jumped by 85% from July to August. The game takes revenue from selling NFTs. The game registered $364 million in protocol revenue, up from $196 million in July. The latest growth stats show Axie has maintained its lead in blockchain gaming space. Axie Infinity continues to take in more revenue […]
Twitter Reportedly Preparing Bitcoin Tipping Feature
Key Takeaways According to reports, Twitter users may soon be able to tip each other with Bitcoin. The feature may be added to “Tip Jar” service launched on the platform earlier this year. A screenshot suggests that Twitter will use the Lightning Network to facilitate the payments. This news was brought to you by Phemex, […]
Polygon’s MATIC Primed to Revisit All-Time Highs
Key Takeaways Polygon’s MATIC token appears to be heading towards $1.63. Breaking through this resistance level would likely trigger a new bull run. Prices must hold above $1.24 for the bullish outlook to prevail. Polygon’s MATIC token looks ready to resume its uptrend as prices build a massive bullish pattern and whales accumulate millions of […]
SEC Chair Gensler Reiterates DeFi Regulatory Risks
Key Takeaways In an interview with the Financial Times, SEC Chairman Gary Gensler repeated his call to regulate DeFi. The Chairman said crypto platforms should be “asking for permission” instead of “begging for forgiveness.” Gensler added that DeFi platforms have âa fair amount of centralization,â making them susceptible to regulation. In a Wednesday Financial Times […]
