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Archives by Year:
Bancor Burn Update Turns Protocol Into Ultimate BNT Buyer
Key Takeaways Bancor will use 5% of all swap fees on the protocol to buy vBNT back and burn it. By burning vBNT, Bancor locks BNT in the protocol forever. This move should have beneficial effects on the price of vBNT and BNT. This news was brought to you by ANKR, our preferred DeFi Partner. […]
GoDaddy Briefly Put Bitcoin.com Up for Sale By Mistake
Key Takeaways Domain registrar GoDaddy briefly and erroneously listed Bitcoin.com for sale, with a $100 million price tag attached. Roger Ver, Bitcoin Cash leader and operator of Bitcoin.com, commented on the false listing via Reddit. It is not clear why the issue arose, but it represents one of many branding issues for the Bitcoin Cash […]
XRP User Files Lawsuit Against Nexo for $5M in Liquidations
Key Takeaways Popular lending platform Nexo has been charged with a class action lawsuit over the suspension of XRP. The lawsuit alleges that Nexo caused monetary losses of over $5 million for customers as a result of suspending XRP on the platform. Nexo says it was in adherence with regulations and its own terms and […]
Key Ethereum Researchers Vote to Ship Proof-of-Stake in 2021
Key Takeaways Vitalik Buterin and other Ethereum researchers have supported launching “the merge” phase of Ethereum 2.0 in 2021. The initial Ethereum 2.0 roadmap planned for launching sharding ahead of the merge of Ethereum mainnet and the Beacon chain. Ethereum’s latest plans involve fast-tracking the merge ahead of sharding. Justin Drake told Crypto Briefing that […]
Luxury Brand Gucci Reportedly Eyeing NFT Space
Key Takeaways Gucci and a host of other luxury fashion brands are weighing up releasing their own NFTs, Vogue Business has reported. NFTs could be used to create digital fashion items and certificates of authenticity. Despite the fashion industry’s interest in the space, some signs suggest the market is overextended. NFT Gucci slippers? According to […]
Grayscale Reveals Plans to Convert GBTC to Bitcoin ETF
In a blog post published this morning, Grayscale LLC announced its intention to convert its Bitcoin Trust Fund (GBTC) to an exchange-traded-fund (ETF). Grayscale Bitcoin ETF Awaits Regulatory Approval Previously in 2016-2017, the digital asset management company had sought the SEC’s approval for a Bitcoin ETF. After failing to convince the U.S. regulators, Grayscale turned […]
Goldman Sachs Pulls Short Dollar Trade: Report
Key Takeaways Goldman Sachs is closing its recommended short dollar trade, citing rising Treasury yields. Long BTC, short USD have been among the world’s most crowded trades in recent months. Goldman said Europe effectively curtailing the COVID-19 pandemic may spark further opportunities to profit from the short dollar trade. The short dollar trade has run […]
XRP Targets New Yearly Highs After Crucial Breakout
Key Takeaways XRP’s price has risen by more than 14.50% following Monday’s open, slicing through a crucial hurdle. If buy orders continue piling up, this altcoin’s market value could rise another 55% towards $1.13. Despite the bullish outlook, market participants must be aware of Ripple’s legal uncertainty. This news was brought to you by Phemex, […]
The Weeknd Raises Over $2 Million in First NFT Auction
Key Takeaways The Weeknd has minted his first NFT collection, raising $2.29 million in sales. The collection featured previously unreleased music by The Weeknd. A token featuring a full song sold for $490,000. Despite the criticism surrounding NFTs, the technology could hugely benefit musicians and other creators. Abel Tesfaye just made $2.29 million from his […]
Millions Drained in ForceDAO Attacks, White Hat Returns Funds
Key Takeaways ForceDAO was drained of millions of dollars this morning after a white hat hacker discovered a bug in the smart contract’s code. The white hat hacker successfully took 14.8 million FORCE tokens. Though they returned the funds, other attackers noticed the exploit and have sold their tokens for ETH. FORCE briefly tanked 95% […]
