Category Archive: Cryptocurrency, No picture
Why is Avalanche Soaring?
Key Takeaways Avalanche’s AVAX token is up 341% in the last 30 days. Avalanche has recently attracted blue chip DeFi projects Aave, Curve, and SushiSwap. Several other nascent DeFi projects in the Avalanche ecosystem are likely contributing to the growth. As competition between Layer One protocols keeps heating up, one project in particular, Avalanche, is […]
Bitcoin, Ethereum Uptrend Tempered by Profit-Taking
Key Takeaways Bitcoin and Ethereum have both declined by more than 6% in the last 24 hours. As exchange inflows increase, on-chain analysts believe that a spike in profit-taking is under way. Further selling pressure could see BTC dive to $40,000 and ETH to $2,400. This news was brought to you by Phemex, our preferred […]
Cardano Is Getting an Ethereum-Compatible Sidechain
Key Takeaways dcSpark is building a sidechain called Milkomeda to connect Cardano to Ethereum. The sidechain will use wrapped Cardano (wADA) as the native asset to pay for transaction fees. dcSpark has plans for more sidechains that connect Cardano with Solana and other Layer 1 networks. Cardano may soon have its first sidechain for interoperability […]
KuCoin Launches Mining Pool With Eco-Friendly Incentives
This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. Crypto exchange KuCoin has announced the launch of a Proof of Work mining pool, promising fee discounts to miners using renewable energy. KuCoin Launches a Mining Pool KuCoin, the sixth largest crypto exchange by volume, has announced the launch of a Proof […]
Budweiser Bought a Beer-Themed Ethereum Domain NFT
Budweiser has bought the Ethereum domain name “beer.eth” along with an NFT bottle rocket from the Tom Sachs Rocket Factory collection. Budweiser Buys NFTs Another multi-billion dollar company has bought into NFTs. The @budweiserusa Twitter account changed its profile picture to a Budweiser-themed rocket from the Tom Sachs Rocket Factory NFT collection Monday evening, indicating […]
Paxos Rebrands Stablecoin to Look Like Tether, USDC
This news was brought to you by Phemex, our preferred Derivatives Partner. Crypto services company Paxos has announced that it is rebranding the Paxos Standard, its U.S. dollar-based stablecoin. PAX Is Now USDP The Paxos Standard will be known as the Pax Dollar going forward. Formerly, the stablecoin had the ticker symbol PAX, but in […]
DeFi Project Spotlight: Ribbon Finance, the Options-Based Yield Generator
Key Takeaways Ribbon Finance offers option-based strategies on BTC, ETH, and USDC with some of the highest yields in DeFi. The higher rewards come with higher risk, as users can lose their capital if the market is too volatile. A new version of the protocol is scheduled to be released this month. A liquidity mining […]
Kraken, DeFi Staples Donate $1.5M to Fund Ethereum 2.0
This news was brought to you by ANKR, our preferred DeFi Partner. Five of the biggest names in DeFi and the cryptocurrency exchange Kraken have donated a total of $1.5 million to support Ethereum developers. DeFi Gives Back to Ethereum Ethereum execution-layer client teams will receive donations from some of the biggest names in DeFi. […]
Ethereum Looks Ready for a Supply Shock
Key Takeaways Ethereum looks primed to resume its uptrend. The circulating supply of ETH is drastically decreasing due to EIP-1559, suggesting an incoming supply shock. Transaction history shows that ETH could target $3,700 first. This news was brought to you by Phemex, our preferred Derivatives Partner. Ethereum could soon experience a supply shock thanks to […]
Terra Token LUNA Sets Another New All-Time High
Terra’s market cap is now $13.6 billion. Terra Hits New Record High Terra is on a tear. The fast-growing blockchain’s LUNA token hit a price of $34.25 for the first time today after a major nine-day rally. It’s up around 100% since Aug. 15. Terra’s native asset has made a significant recovery since the market-wide […]
