Category Archive: Cryptocurrency, No picture
Cardano’s Smart Contracts Face Major Scalability Issue
Key Takeaways Cardano’s EUTXO-based protocol design has proven challenging for decentralized application developers. Minswap, the first decentralized exchange to launch on Cardano testnet, faced immediate scaling issues last week. While several projects claim to have solved the concurrency issue, none have publicly revealed their solutions. Cardano, the third-largest cryptocurrency with a market cap of over […]
El Salvador Has Bought Its First $10 Million of Bitcoin
El Salvador has bought $10 million of Bitcoin, as revealed on the Twitter profile of the country’s president, Nayib Bukele. El Salvador Bought 200 BTC Bukele stated that the El Salvador government has purchased 200 BTC. The purchase was made in preparation for the country’s plans to make the cryptocurrency legal tender on Sept. 7. […]
Bitcoin Must Hold Above Crucial Support to Stay Bullish
Key Takeaways Bitcoin appears to have entered a highly volatile period. As long as the $51,000-$50,500 support level holds, the market outlook for the cryptocurrency remains bullish. Further buying pressure could push BTC to $57,200. This news was brought to you by Phemex, our preferred Derivatives Partner. Bitcoin has breached a critical resistance barrier that […]
FTX’s NFT Listing Service Disrupted by Fish
Leading crypto exchange FTX has launched an NFT listing service. However, due to a large number of spam submissions, the exchange is now charging a $500 fee. Users List NFTs on FTX FTX is hoping to be the first centralized crypto exchange to capitalize on the NFT hype, but it isn’t going as planned. CEO […]
What Are POAPs, and Why Should You Collect Them?
Key Takeaways POAPs are unique proof of attendance NFTs verified on the xDai sidechain. Many crypto communities have started giving out POAPs to engage with their members. POAP collections can also function as decentralized identities, unlocking new possibilities for their use. POAPs are unique NFT badges given out to attendees of both virtual and real-world […]
SEC Gains Access to Ripple’s Slack, Email Conversations
Key Takeaways The SEC has been granted access to Ripple’s internal Slack messages and email correspondence. This outcome could cost Ripple as much as $1 million. The decision is part of the SEC’s ongoing case against Ripple and its alleged unregistered XRP token sales. The U.S. Securities and Exchange Commission has succeeded in gaining access […]
Uniswap Token Falls on SEC Investigation Report
Key Takeaways Uniswap will face an investigation from the U.S. Securities and Exchange Commission. The UNI token has dropped over 6% on the news, and may fall further. SEC chair Gary Gensler has repeatedly commented on the lack of regulation in DeFi. The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Uniswap Labs, the […]
Ethereum Breaches $4,000, Marking the Presence of Whales
Key Takeaways Ethereum is back above $4,000 after breaking out of a consolidation pattern. The bullish impulse coincides with an increase in the number of large Ether transactions. The network activity suggests that whales may be positioning themselves for higher highs. This news was brought to you by Phemex, our preferred Derivatives Partner. Ethereum is […]
Why Are NFT Collectors Looking for Loot on Ethereum?
Key Takeaways LOOT (for Adventurers) is the latest NFT project to soar in value. The project takes a bottom-up approach, with the decisions over how to use the NFTs in the hands of the community. One derivative project, Adventure Gold, has already hit a market cap of $500 million. LOOT (for Adventurers) is the latest […]
Solana Makes New All-Time High As Sell Signal Pops Up
Key Takeaways Solana has made a new all-time high of $146.38. Despite the recent milestone, a spike in profit-taking seems imminent. Selling pressure could push SOL to $117.05 or lower. This news was brought to you by Phemex, our preferred Derivatives Partner. Solana appears to be approaching exhaustion. A Wall Street-class trading indicator shows a […]
