Category Archive: Cryptocurrency, No picture
Has Banksy Just Released His First NFT on Ethereum?
Key Takeaways A link to an NFT titled “Great Redistribution of the Climate Change Disaster” appeared on Banksy’s official website today. The piece was listed on OpenSea and sold for 100 ETH earlier today. While the NFT creator’s pseudonym “gaakmann” is similar to an alias Banksy has used in the past, the listing has raised […]
Anti-Bitcoin Protests Break Out in El Salvador
Key Takeaways Citizens are protesting El Salvador’s upcoming Bitcoin laws, which will make the cryptocurrency into legal tender. Hundreds of individuals reportedly attended the protests. The law will take effect on Sept. 8. This news was brought to you by Phemex, our preferred Derivatives Partner. Citizens in El Salvador are protesting the country’s adoption of […]
Bitcoin and Ethereum Are Resting on Two Price Levels
Key Takeaways Bitcoin and Ethereum have been stagnant, showing no signs for the direction of their trends. As the Bollinger bands squeeze on the daily chart, a period of high volatility looks imminent. The Fibonacci retracement indicator reveals what BTC and ETH need to do to resume their respective uptrends. This news was brought to […]
Fantom Rallies 71% as DeFi Ecosystem Expands
Key Takeaways FTM is up over 70% in the last 24 hours as Fantom’s DeFi ecosystem grows. The token has grown by more than 340% in the last 30 days. The total value locked on Fantom is now over $600 million and has doubled since last month. The Fantom Foundation has announced a $250 million […]
OpenSea Hits $3B in Monthly Volume on Mutant Ape NFT Drop
Key Takeaways OpenSea is benefiting enormously from the recent NFT boom. It just passed $3 billion in monthly volume. The recent Mutant Ape Yacht Club launch contributed to the surging volumes over the weekend. The new collection has already overtaken the original Bored Ape Yacht Club in trading volume. OpenSea has reached $3 billion in […]
DeFi Project Cream Finance Suffers $25 Million Exploit
This news was brought to you by ANKR, our preferred DeFi Partner. Cream Finance has reported a major security attack, resulting in a $25 million loss. Reentrancy Bug Behind Cream Finance Exploit Cream Finance has been exploited. The DeFi lending protocol reported its CREAM V1 market had been targeted Monday. C.R.E.A.M. v1 market on Ethereum has […]
DeFi Project Spotlight: Raydium, Solana’s Top Automated Market Maker
Key Takeaways Raydium is the biggest decentralized exchange on Solana. It aggregates liquidity from its own liquidity pools and Serum’s orderbook. Raydium is also the biggest market maker on Serum and one of few DeFi exchanges with a built-in limit orders option. In order to help grow the Solana ecosystem, Raydium built AcceleRaytor, a launchpad […]
Jack Dorsey’s Square Announces Plans for Bitcoin DEX
Key Takeaways Jack Dorsey, CEO and founder of Square, has announced plans to build a decentralized exchange (DEX). Mike Brock, who will head the project, has also described the DEX as an on- and off-ramp for crypto wallets. Square’s TBD project will undertake the effort. This Exchange News was brought to you by OKCoin, our […]
Three Key Metrics Suggest Bitcoin Could Dip to $40,000
Key Takeaways Bitcoin recently bounced off support to hit a high of $48,500. Regardless of the upswing, on-chain metrics hint at a bull trap. A sustained close outside of the $46,000 to $51,000 range will determine where BTC is heading next. This news was brought to you by Phemex, our preferred Derivatives Partner. Bitcoin’s network […]
Consensus Bug Causes Ethereum Chain Split
Key Takeaways A bug in an old version of the Ethereum software client Geth has caused a chain split on Ethereum mainnet. Flexpool, BTC.com, and Binance’s pools had reportedly been mining on the older version. Members of the crypto community have advised users to avoid making transactions on the network until the issue is resolved. […]
