Category Archive: Cryptocurrency, No picture
Synthetix Goes Live on Layer 2 to Bypass Ethereum Fees
Key Takeaways Synthetix has put its decentralized exchange on Optimistic Ethereum, a second layer network for Ethereum. This will reduce transaction fees and speed up price retrieval. Synthetix provides synthetic tokens—tokens that track the value of existing cryptocurrencies, currencies, and stocks. This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. Synthetix […]
PayPal Hints it May Use “Interesting DeFi Apps” in Future
Key Takeaways In its Q2 earnings call, PayPal announced its new consumer wallet will feature additional crypto capabilities. The company also referenced DeFi applications regarding future crypto engagement. There are rumors of talks between PayPal and Uniswap, however nothing has been fully announced yet. This news was brought to you by Phemex, our preferred Derivatives […]
THORChain Shakes Off Recent Attacks with 39% Rally
This news was brought to you by ANKR, our preferred DeFi Partner. THORChain has suffered a wave of attacks over the last few weeks, but RUNE is showing signs of recovery. THORChain Makes Major Rally THORChain is soaring. The project’s RUNE token is up 39% in the last 24 hours, currently trading at $5.79. Although […]
Robinhood IPOs Amid Uniswap Partnership Rumors
Key Takeaways Stock and crypto trading app Robinhood will launch its initial public offering valued at $31.7 billion. In Q1 this year the company saw a boom in profits from crypto trading on the platform. Robinhood is rumored to be working with DeFi giant Uniswap to expand its crypto capabilities. This news was brought to […]
Bitcoin and Ethereum Flash Sell Signals After Major Gains
Key Takeaways The Tom DeMark Sequential indicator has flashed sell signals on Bitcoin and Ethereum’s daily charts. Despite the pessimistic outlook, transaction history shows BTC faces no resistance until $42,600. Likewise, ETH may advance to $2,500 before it retraces towards $2,000. Bitcoin and Ethereum continue to make higher highs, but one technical indicator suggests that […]
Fed’s Jerome Powell: Inflation Could Turn Out Higher Than Expected
Key Takeaways Inflation is currently higher than the Federal Reserve expected, a tendency that will likely continue for the coming months confirmed Powell. The market hasn’t reacted strongly to the news as Bitcoin continues to hover around $40,000. Powell expect the Delta variant to have lower implications on the state of the economy than previous […]
Burger King Brazil Is Taking Dogecoin for Dog Treats
Burger King restaurants in Brazil are accepting Dogecoin for Whopper-themed dog treats, according to the company. Burger King Creates Dogecoin Deal The fast food chain announced the offer via Twitter on July 27. Tá sem Reais? Compra com DOGE! É o Burger King revolucionando as galáxias mais uma vez! Estamos aceitando a crypto mais querida […]
Warren Likens Crypto to Drugs, Snake Oil in Latest Tirade
Key Takeaways Senator Warren believes the current state of play in crypto recalls the early years of the pharmaceutical industry before the FDA stepped in. Warren, also a member of the Senate Committee on Banking, Housing, and Urban Affairs, thinks the cryptocurrency industry should be regulated now. She also suggested that crypto miners and developers […]
Bitcoin Hovering Below $40,000 Ahead of Fed Meeting
Bitcoin has taken an attempt to break $40,000 for the second time this week, with the Fed’s FOMC policy meeting acting as a source of uncertainty. Bitcoin’s Positive Consolidation around FOMC Meeting Markets are eyeing the Federal Reserve’s decision on the timeline for phasing out quantitative easing. Bitcoin shrugged off the selling pressure after Amazon […]
Ripple XRP Advances Further While Whales Sell
Key Takeaways XRP is up by more than 40% this week, recently reaching a high of $0.75. Most of the buying pressure appears to be coming from retail investors, while whales have been exiting their positions. While prices could rise to $0.95, investors must be prepared for a bull trap. This news was brought to […]
