Category Archive: Cryptocurrency, No picture
Highstreet Announces $5 Million Round To Combine VR, NFT, and Crypto
Key Takeaways Highstreet is a next-generation digital marketplace where users can shop in group in virtual reality. The project has completed a $5 million raise from crypto and traditional VCs alike. Highstreet is reimagining the retail experience allowing groups of users to shop NFTs together tied to real-world products. The VR Metaverse is inching closer. […]
Coinbase Has Stockpiled $4 Billion for a “Crypto Winter”
Key Takeaways Alesia Haas, CFO of Coinbase, says that the crypto exchange has set aside $4 billion for unforeseen events. The fund could be used to pay for regulatory costs, endure reduced trading volumes, or make investments during a “crypto winter.” Coinbase has grown rapidly; it brought in $1.8 billion of revenue and $740 million […]
Ethereum Holds on Stable Support While Sell Signals Pop Up
Key Takeaways Ethereum sits on top of stable support following an 87% rally. However, a particular technical indicator recently presented a sell signal. A spike in downward pressure could see ETH drop toward $2,500. This news was brought to you by Phemex, our preferred Derivatives Partner. Ethereum has been on a roll lately after undergoing […]
China Shuts Down 11 Crypto Exchanges in Shenzhen
Key Takeaways The People’s Bank of China has shut down 11 cryptocurrency exchanges in Shenzhen. The bank said the exchanges were violating foreign exchange rules and operating in the city despite a country-wide ban. China has recently taken a hard stance against cryptocurrencies, but traders can still buy Bitcoin on overseas exchanges. China’s central bank […]
Solana NFT Developers Are Killing Digital Llamas
Key Takeaways The Sollamas NFT launch has encountered several severe issues. In an attempt to rectify some of the problems, the developers have started “killing” minted llamas, replacing them with new ones. Over the last week, several NFT projects have launched on Solana, with varying degrees of success. NFT project Sollamas has had a rough […]
Binance Hires Ex-IRS Officer To Fight Money Laundering
Key Takeaways Binance has appointed Greg Monahan, a former IRS investigator, as its new global money laundering reporting officer. Manohan will focus on enhancing Binance’s AML compliance and support investigation programs. The exchange says it has expanded compliance hiring by over 500% since last year. Binance has hired a former criminal investigator at the Inland […]
DeFi Blue Chips, Polkadot Tokens Plummet in Market Dip
This news was brought to you by ANKR, our preferred DeFi Partner. DeFi blue chips, Polkadot tokens, and dog coins have all reacted to the recent Bitcoin dip, falling as much as 11% over the last 24 hours. Bitcoin Causes DeFi Pullback When it rains for Bitcoin, it pours for everything else. The world’s largest […]
$350 Million SushiSwap Vulnerability Safely Patched
Key Takeaways Samzcsun of Paradigm.xyz recently detected a $350 million vulnerability in SushiSwap’s MISO smart contracts. The vulnerability caused one of SushiSwap’s contracts to issue a refund without cancelling the relevant transaction. The bug was fixed before it was revealed or exploited. This news was brought to you by ANKR, our preferred DeFi Partner. A […]
NFT Marketplace SuperRare Announces Token and Airdrop
Key Takeaways The NFT marketplace has announced its governance token RARE. The token will be airdropped to prior users of SuperRare. The update includes the creation of the SuperRare DAO, governed by the RARE token, to further curate the platform. The renewed interest in NFT in the last month has led to what some are […]
Axie Infinity Targets $100 After Crucial Breakout
Key Takeaways Axie Infinity has risen by more than 24% in the last 24 hours. The formation of a bull flag projects a new rally towards $100. The bullish outlook should prevail as long as AXS holds above $66. Axie Infinity has seen its market value appreciated by 2,105% over the past eight weeks. Although […]
