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Archives by Year:
Bitcoin Back Above $50,000 With $55,000 in Sight
Key Takeaways Bitcoin has broken through the psychological $50,000 resistance level. Further buying pressure could see it rise towards $55,000. The $49,200 support level could absorb any spike in profit-taking. This news was brought to you by Phemex, our preferred Derivatives Partner. Bitcoin is back above $50,000 for the first time in 100 days, and […]
Charting the Growth of the Solana Ecosystem
Key Takeaways Solana is a high-throughput Layer 1 blockchain offering fast, low-cost transactions. The project has been described as one of the strongest competitors to Ethereum. Solana has had a big year, with SOL climbing in value and rapid development in its DeFi ecosystem. We explain how Solana and its fast-growing ecosystem have established a […]
What Are DAOs? The Future of Global Organizations Explained
Key Takeaways DAO is an abbreviation for “Decentralized Autonomous Organization,” a community which interacts around hard-coded rules encoded in the blockchain. DAOs have seen exponential growth in 2021, most notably from DeFi protocols delegating governance to their communities. While DAOs have so far mostly been connected to crypto, traditional organizations could benefit from the technological […]
Facebook Says Most U.S. States Have Approved Novi
Key Takeaways Facebook financial executive David Marcus has revealed new progress regarding the company’s Diem stablecoin. He says Diem’s Novi wallet has been approved in most U.S. states. Marcus did not reveal a launch date for the stablecoin or wallet. Facebook executive David Marcus has provided an update on the regulatory status of Novi, the […]
Cardano Enters Price Discovery Mode Targeting $3
Key Takeaways Cardano just made a new all-time high of $2.58. If buy orders continue piling up, ADA could rise to $2.87. The $2.47 support level must hold for the bullish outlook to be validated. This news was brought to you by Phemex, our preferred Derivatives Partner. Cardano has stolen the crypto spotlight breaking its […]
Luna Yield Executes First Major Rug Pull on Solana
Key Takeaways Solana has suffered its first rug pull on Luna Yield, a recently launched high APY yield farm. The anonymous team at Luna Yield has since deleted their website, as well as their social media handles. The yield farm was incubated by SolPad, a Solana-based launchpad on Aug. 16. This news was brought to […]
Coinbase To Add Over $500M in Crypto to Its Holdings
Key Takeaways Coinbase received board approval to add $500 million in crypto to its balance sheet. Going forward, the company will allocate 10% of its profits into a diverse portfolio of crypto assets. Coinbase is the first publicly traded company to invest in crypto assets other than Bitcoin. This Exchange News was brought to you […]
Vitalik Buterin Criticizes Square, Facebook Crypto Plans
Key Takeaways In a Bloomberg interview, Ethereum founder Vitalik Buterin commented on blockchain plans from Square and Facebook. Buterin criticized Square’s DeFi plans, suggesting that the firm will need to maintain control over user funds. He also criticized Facebook, calling the recent revival of Libra under the name Diem a “rebirth of dead ends.” Ethereum […]
SEC’s Gary Gensler Says DeFi Apps Can Be Regulated
Key Takeaways Gary Gensler says that the U.S. Securities and Exchange Commission could begin to regulate DeFi platforms. Though DeFi platforms have little control over user funds, they often have an organized and transparent set of developers. The U.S. SEC has already targeted at least two decentralized projects; one this month and one in 2018. […]
Avalanche Soars on Aave News, But Dip Looks Imminent
Key Takeaways Avalanche is making significant strides to expand the network’s utility, recently announcing plans to integrate Aave and Curve Finance. Market participants appear to have welcomed the recent developments around it, with AVAX surging in the last three days. Nonetheless, it looks like a spike in profit-taking is under way, meaning a dip could […]
