Category Archive: Cryptocurrency, No picture
Dogecoin Looks Poised to Break Out
Key Takeaways Dogecoin appears to have developed a symmetrical triangle on its 4-hour chart. Transaction history shows that DOGE sits on stable support while facing stiff resistance. Only a 4-hour candlestick close above or below the $0.310-$0.326 would determine where prices are heading next. This news was brought to you by Phemex, our preferred Derivatives […]
Visa’s CryptoPunk Purchase Sparked Over 300 Sales
VISA revealed that it had purchased a CryptoPunks token today. The announcement spurred interest in the non-fungible token series from other investors as sales volumes surged. More Than 300 Tokens Sold According to OpenSea, CryptoPunks trading increased by 728% today. Roughly 365 tokens were sold over the past 24 hours, with 325 of those tokens […]
FTX Buys Naming Rights to Another Sports Venue
Key Takeaways FTX has struck a 10-year, $17.5 million naming rights deal with the University of California. The football field will now be known as FTX Field at California Memorial Stadium. Learfield, the multimedia rightsholder of Cal Athletics, will accept payment in cryptocurrency on behalf of the university. This Exchange News was brought to you […]
Poly Network Hacker Reveals $140M Wallet Private Key
Key Takeaways The Poly Network hacker has shared the private key to multi-sig wallet containing over $140 million worth of the takings from this month’s record-breaking attack. Last week, the hacker deposited most of the stolen funds into a multi-sig wallet controlled by both parties. The Poly Network team has thanked the hacker and announced […]
Visa Spent $150,000 on a CryptoPunk NFT
Visa has announced the purchase of a CryptoPunk NFT, furthering its commitment to understanding cryptocurrency services with the goal of offering them to its clients and customers. Visa Buys a CryptoPunk Visa has become the unlikely owner of a CryptoPunk. The financial services giant has revealed itself as the buyer of Punk #7610 in a […]
Feisty Doge Becomes Most Valuable NFT Ever
Key Takeaways Feisty Doge has become the world’s highest-valued NFT at over $85 million. Investors bought up fractions of the Doge NFT, sending prices soaring over 700%. NFTs have the potential to reach higher values through fractionalization. Feisty Doge has become the world’s most valuable NFT after investors piled into the fractionalized asset, causing a […]
Bitcoin Back Above $50,000 With $55,000 in Sight
Key Takeaways Bitcoin has broken through the psychological $50,000 resistance level. Further buying pressure could see it rise towards $55,000. The $49,200 support level could absorb any spike in profit-taking. This news was brought to you by Phemex, our preferred Derivatives Partner. Bitcoin is back above $50,000 for the first time in 100 days, and […]
Charting the Growth of the Solana Ecosystem
Key Takeaways Solana is a high-throughput Layer 1 blockchain offering fast, low-cost transactions. The project has been described as one of the strongest competitors to Ethereum. Solana has had a big year, with SOL climbing in value and rapid development in its DeFi ecosystem. We explain how Solana and its fast-growing ecosystem have established a […]
What Are DAOs? The Future of Global Organizations Explained
Key Takeaways DAO is an abbreviation for “Decentralized Autonomous Organization,” a community which interacts around hard-coded rules encoded in the blockchain. DAOs have seen exponential growth in 2021, most notably from DeFi protocols delegating governance to their communities. While DAOs have so far mostly been connected to crypto, traditional organizations could benefit from the technological […]
Facebook Says Most U.S. States Have Approved Novi
Key Takeaways Facebook financial executive David Marcus has revealed new progress regarding the company’s Diem stablecoin. He says Diem’s Novi wallet has been approved in most U.S. states. Marcus did not reveal a launch date for the stablecoin or wallet. Facebook executive David Marcus has provided an update on the regulatory status of Novi, the […]
