Category Archive: Cryptocurrency, No picture
SEC Chair Gensler Reiterates DeFi Regulatory Risks
Key Takeaways In an interview with the Financial Times, SEC Chairman Gary Gensler repeated his call to regulate DeFi. The Chairman said crypto platforms should be “asking for permission” instead of “begging for forgiveness.” Gensler added that DeFi platforms have âa fair amount of centralization,â making them susceptible to regulation. In a Wednesday Financial Times […]
Polkadot, Kusama Jump Ahead of Next Parachain Auction
Polkadot and its canary network Kusama have rallied ahead of the second round of parachain auctions, which go live later today. The Polkadot Ecosystem Rallies Many Layer 1 blockchains soared in August, and now Polkadot is stealing the limelight. Both Polkadot and Kusama, the two cornerstones of the Polkadot ecosystem, have put in significant gains […]
Ethereum Looks Ready to Return to $4,000
Key Takeaways Ethereum is up nearly 10% in the past 36 hours. The bullish momentum might expand further given the lack of resistance ahead. As long as the $3,200 support level holds, ETH could rise to $4,000. This news was brought to you by Phemex, our preferred Derivatives Partner. Ethereum is back in the green […]
Ripple Wants SEC Members to Reveal XRP Holdings
Key Takeaways Ripple’s legal team has filed a motion that aims to have SEC members disclose their XRP holdings. The motion would also reveal the SEC’s preclearance policies on cryptocurrencies including ETH, XRP, and BTC. The SEC initially charged Ripple with violating securities laws through XRP sales in December 2020. This news was brought to […]
CryptoPunks and Larva Labs Sign Hollywood Deal
Larva Labs has signed a deal with United Talent Agency (UTA), according to The Hollywood Reporter. CryptoPunks Will Get Media Representation The deal means that CryptoPunks—Larva Labs’ popular series of non-fungible tokens (NFTs)—will be represented in film, TV, video games, and other media. Larva Labs’ other NFT series, including Meebits and Autoglyphs, could also be […]
Arbitrum Is Now Live on Ethereum Layer Two
Key Takeaways Layer 2 scaling solution Arbitrum has gone live on the Ethereum mainnet. Arbitrum is launching with integration from more than 73 projects, including many of DeFi’s leading “blue chips.” Arbitrum will leverage Optimistic Rollups to process transactions at a higher speed and lower cost than Ethereum mainnet. Arbitrum launched on Ethereum mainnet today. […]
MetaMask Marks 10M Active Users With Metaverse Party
MetaMask will celebrate reaching 10 million monthly active users with a party hosted on the metaverse platform Decentraland. MetaMask Hits 10 Million Users The popular Ethereum wallet MetaMask announced it has hit 10 million monthly active users Tuesday, with plans for a blow-out 24-hour party on Decentraland to celebrate. 10M Monthly Active Users!? 🤓🦊🎉 Let’s […]
Cardano Faces a Hurdle Before New All-Time Highs
Key Takeaways Cardano has endured a week-long consolidation period. The $2.98 resistance level has managed to keep ADA from resuming its uptrend. Transaction history shows stable support, favoring the bulls. This news was brought to you by Phemex, our preferred Derivatives Partner. Cardano is up nearly 3% since the beginning of the daily trading session […]
Ripple’s XRP Token Looks Ready to Break Out
Key Takeaways XRP is consolidating within a tight price range. A daily candlestick close outside of the $1.17-$1.10 zone should determine where prices are heading next. Interestingly, some large whales have been exiting the network over the past few days. This news was brought to you by Phemex, our preferred Derivatives Partner. As a new […]
Cosmos Soars 25% Amid Layer 1 Blockchain Boom
Cosmos jumped 25% Monday night as the protocol’s ATOM token approaches its all-time high set earlier this year in May. Cosmos Aims for the Stars Cosmos is the latest layer 1 blockchain to rally. The project’s ATOM token rose over 25% Monday night, continuing its upward trajectory from a July reversal. ATOM is currently trading […]
