Category Archive: Cryptocurrency, No picture
What Is MEV? Ethereum’s Invisible Tax Explained
Key Takeaways MEV stands for “Miner Extractable Value” or “Maximal Extractable Value.” It refers to the extraction of value from Ethereum users by reordering, inserting, and censoring transactions within blocks. MEV is one of Ethereum’s biggest issues, with more than $689 million extracted from users of the network year-to-date. This news was brought to you […]
Cuba Recognizes Cryptocurrency to Boost Economy
The government of Cuba has announced it will recognize and regulate cryptocurrency on the island, citing “reasons of socio-economic interest.” Cuba to Recognize Crypto Cuba is the latest Latin American country to acknowledge the utility of cryptocurrencies. In a resolution published Thursday, the Cuban government has said that the Banco Central de Cuba (BCC) will […]
Solana Decouples From Bitcoin Setting New All-Time High
Key Takeaways Solana has recorded a new all-time high of $84. Further upward pressure could see it rise as high as $108. A daily candlestick close below $78 could invalidate the bullish outlook. Solana has been on a roll lately as its price continues to make new all-time highs, decoupling from the rest of the […]
Microsoft Has Patented a Token Interoperability Tool
Key Takeaways Microsoft has been granted a patent that describes a token creation service aimed at enterprise chains. The service would allow developers to create cross-platform assets. Microsoft has not explicitly stated that it plans to turn the patent into an actual product or service. This news was brought to you by Phemex, our preferred […]
MetaMask Is Open to Creating Its Own Crypto Token
Key Takeaways The MetaMask team has revealed plans for a possible token release. However, it has no immediate plans. The launch will happen on the condition the MetaMask token has a compelling use case for its own custom cryptocurrency. The team expressed concerns around the possibility that releasing the token will lead to a pump […]
Chainlink Must Reclaim $25 as Support to Avoid Bigger Losses
Key Takeaways Chainlink has breached the $25 support level. On-chain data shows that the most significant interest area ahead sits at $20. While whales continue to book profits, the odds for lower lows increase. This news was brought to you by Phemex, our preferred Derivatives Partner. Chainlink has lost a significant demand barrier as support, […]
People Are Scouring Ethereum for Lost NFT Projects
Key Takeaways The crypto space is experiencing an NFT boom that’s been dubbed “NFT summer.” After avatars and generative art pieces, many of Ethereum’s oldest NFT projects have seen a resurgence. Notable early projects that have soared in value include EtherRocks and Curio Cards. Early Ethereum projects are exploding amid wild speculation in the NFT […]
Morgan Stanley Owns Over One Million Grayscale Bitcoin Shares
Key Takeaways Morgan Stanley has purchased more than one million Grayscale Bitcoin Trust shares, according to an SEC filing. The bank holds indirect exposure to Bitcoin across more than 30 portfolios. The latest update marks a significant uptick in the bank’s Bitcoin exposure from June. Morgan Stanley analysts think Bitcoin has “a long way to […]
COTI Surges 60% Following Coinbase Listing News
Key Takeaways Coinbase Pro has announced that it will make COTI available for trading on Aug. 26. The announcement has led to a significant spike in volatility. As long as COTI can hold above $0.40, it could target a new all-time high of $0.74. This news was brought to you by Phemex, our preferred Derivatives […]
Solana Integrates Chainlink to Offer Crypto Price Feeds
This news was brought to you by ANKR, our preferred DeFi Partner. Solana announced today that it has integrated Chainlink with its platform, allowing developers to utilize decentralized price feeds. Solana Devnet Adds Chainlink Chainlink is an oracle service that provides price feeds for more than 75 asset pairs, including BTC/USD and ETH/USD. Solana says […]
