Category Archive: Cryptocurrency, No picture
BSC Popular With Crypto Whales: Nansen Report
Key Takeaways The latest Nansen report shows that Binance Smart Chain processed ten times more transactions than Ethereum at its peak. In April, the Binance Smart Chain DEX PancakeSwap processed more transactions than the entire Ethereum network. According to the report, a significant number of sophisticated investors are using both Ethereum and Binance Smart Chain. […]
Cream Finance Hacker Returns $17.6M in Stolen Funds
This news was brought to you by ANKR, our preferred DeFi Partner. Cream Finance’s hacker has returned most of the funds they stole last month. DeFi Hacker Returns Loot Cream Finance has received a payback after its recent hack incident. The unknown attacker has returned about 90% of the stolen funds to the project, security […]
Algorand Climbs 30% During Market Downturn
This news was brought to you by Phemex, our preferred Derivatives Partner. Algorand has recovered from yesterday’s market crash, climbing over 30% Tuesday morning. The coin appears to have decoupled from Bitcoin’s price action, reaching a new local high. Algorand Defies the Market While most of the crypto market dropped following Bitcoin’s 16% flash crash, […]
Scrap Lend Product Or We’ll Sue, SEC Tells Coinbase
Key Takeaways The SEC has reportedly threatened to sue Coinbase over its plans to launch a crypto lending product. The regulator told Coinbase it considers its Lend product a security but has not explained why. Coinbase CEO Brian Armstrong has accused the regulator of “sketchy behavior,” claiming that it is creating “an unfair market.” The […]
Crypto Exchanges See Downtime As Prices Crash
Key Takeaways Three of the most popular cryptocurrency exchanges―Coinbase, Kraken, and Gemini―reported issues this morning. Coinciding with the outages, the cryptocurrency market saw prices decline for almost all major assets. Coinbase’s stock also declined in value by 11%. This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. Three of the most […]
El Salvador to Use BitGo Wallets as Bitcoin Becomes Legal Tender
Key Takeaways Bitcoin has become legal tender in El Salvador. The country’s official Chivo digital wallet will be provided by crypto custody firm BitGo. El Salvador bought more Bitcoin after the asset tumbled in value today. This news was brought to you by Phemex, our preferred Derivatives Partner. El Salvador made Bitcoin legal tender today. […]
Standard Chartered Says Ethereum Could Hit $35,000
Key Takeaways Ethereum’s macro outlook is bullish, according to banking giant Standard Chartered. Analysts at the firm say Ethereum could hit $35,000 and surpass Bitcoin in market cap terms. Despite the bold prediction, Ethereum has suffered a brutal dip in the market today. This news was brought to you by Phemex, our preferred Derivatives Partner. […]
Panama Introduces Bill to Recognize Crypto for Payments
Key Takeaways Congressman Gabriel Silva introduced a bill aiming to make cryptocurrencies legal means of payment in Panama. If enacted, the new legislation will make it legal for Panamanians to pay taxes with crypto. One of the five key objectives of the bill is to make Panama compatible with DAOs. A member of Panama’s independent […]
Litecoin Ready to Rally But Must Hold Crucial Support
Key Takeaways Litecoin has taken a 13.6% nosedive in the last 36 hours. Despite the significant losses, LTC looks bullish from an on-chain perspective. Prices could target $290 as long the $200 support level holds. Volatility has taken over the cryptocurrency market, generating over $8 million in liquidations worth of Litecoin positions across the board […]
Fantom Surges 27% Amid On-Chain D&D Hype
Key Takeaways A new fantasy role-playing game called Rarity is bringing new users to Fantom. The FTM token is up 27% over the past 24 hours, reaching a new all-time high of $1.73. Over the past 30 days, Fantom has risen by 483%. An on-chain Dungeons and Dragons-inspired game called Rarity has exploded in popularity […]
