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Archives by Year:
Pudgy Penguins: Pump & Dump or NFT Mainstay?
Key Takeaways Month old project Pudgy Penguins has become the top traded collection on NFT marketplace OpenSea. The project has encountered controversy, with some accusing one of the founders of being a scammer. However, interest in the project looks genuine and demand for pudgy penguin NFTs continues to grow. Are pudgy penguins just another elaborate […]
NFT Gorillas Burn $90,000 Ethereum Per Minute
The Ethereum network hit a peak burn rate of 27.90 ETH per minute Sunday as users competed to mint CyberKongz VX NFTs. NFTs Burn Ethereum As NFT mania reaches its peak, so does the amount of Ethereum burned by transactions. This weekend saw extreme levels of Ethereum burned, fueled by the highly-anticipated CyberKongz VX project […]
How CryptoPunks Inspired a Wave of NFT Avatars
Key Takeaways CryptoPunks have spawned an NFT subgenre of avatars. Subsequent NFT avatar projects have followed the fundamental concepts introduced by CryptoPunks. However, the most successful projects have stood out by bringing something new to the NFT avatar scene. As one of the earliest examples of non-fungible tokens, CryptoPunks have become the most coveted NFT […]
Ripple Whales Return to Push XRP Prices Higher
Key Takeaways Ripple’s XRP token is up more than 17% in the last 24 hours. The upward price action is supported by large whales that are accumulating. Further buying pressure could see XRP rise to $1.25. This news was brought to you by Phemex, our preferred Derivatives Partner. Market participants are rushing into positions as cryptocurrencies […]
Jack Dorsey Explains Why He’s Steered Clear of Ethereum
Key Takeaways Twitter CEO Jack Dorsey has expressed his stance on Ethereum. Users recently suggested that Twitter was afraid to work with Ethereum because it could disrupt Big Tech. Dorsey said that Ethereum has some value, but that he and Twitter have decided to focus on Bitcoin. Twitter founder and CEO Jack Dorsey has expressed […]
Polygon Acquires Layer 2 Blockchain Hermez for $250 Million
Key Takeaways Polygon is spending $250 million to acquire all HEZ tokens and rebrand the Hermez Layer 2 to Polygon Hermez. Polygon Hermez will be a true Layer 2 Ethereum solution, with low fees and low latency. As part of the deal, HEZ holders will be able to exchange their HEZ tokens with MATIC tokens […]
Cardano Says Smart Contracts Will Go Live in September
Key Takeaways Cardano’s team has confirmed that smart contracts are scheduled to launch on the blockchain with the Alonzo hardfork on Sep. 12. The launch will allow for DeFi, NFTs, and gaming apps to go live on Cardano. Cardano’s ADA token has surged today in anticipation for the update. It’s now the third biggest cryptocurrency […]
Cardano Now Third Largest Crypto Ahead of Smart Contracts Update
Key Takeaways Cardano has become the third-largest cryptocurrency by market cap after breaking $2 earlier today. Charles Hoskinson is expected to announce the date smart contracts will launch on Cardano as part of the Alonzo hardfork today, which may explain the rise. Further buying pressure could see ADA climb to new all-time highs, but a […]
Argentina May Adopt Bitcoin to Curb Inflation
Argentine president Alberto Fernández has made several positive comments regarding cryptocurrencies, suggesting that the country could adopt Bitcoin to curb its rampant inflation. Argentina Eyes Bitcoin Adoption Argentina joins the growing list of South American countries contemplating cryptocurrencies. In an interview on the Caja Negra YouTube channel, president Alberto Fernández made several comments regarding cryptocurrencies, […]
Coinbase Criticized for USDC’s Unclear Dollar Backing
Coinbase and Circle have been criticized over a change of policy concerning their dollar-pegged stablecoin, USDC. Coinbase Changed Statements On USDC Bloomberg criticized Coinbase this week by drawing attention to past and present statements on the exchange’s website. Coinbase’s website initially stated that “each USDC is backed by one US dollar, which is held in […]
