Category Archive: Cryptocurrency, No picture
Karura Swap Launches First DEX in Polkadot Ecosystem
This news was brought to you by ANKR, our preferred DeFi Partner. Karura has implemented the Polkadot ecosystem’s first decentralized exchange. Karura Swap Becomes First DEX on Kusama The Polkadot ecosystem has got its first decentralized exchange (DEX). Karura Swap, an automated market maker on Polkadot’s canary network Kusama, is now functional. The DEX was […]
Binance U.S. May Go Public, CEO Says
Key Takeaways Changpeng “CZ” Zhao has said Binance’s U.S.-based division is considering an IPO. The update from the exchange’s CEO comes amid a wave of regulatory warnings over the exchange’s practices. Zhao has said that the exchange will ensure it complies with regulators. Speaking at an online event Friday, Binance CEO Changpeng Zhao said Binance […]
What is Causing Axie Infinity’s Boom in Popularity?
Key Takeaways Over the last month, Axie Infinity has boomed in popularity. Factors such as the Ronin sidechain and the game’s play-to-earn model have attracted new players. Scholarship programs are also making the game more accessible. Axie Infinity has experienced a rapid rise in recent weeks, with the game’s native token AXS surging 469% this […]
Ethereum Community Backs Ethiopia Ahead of Olympics
Key Takeaways Ethereum fans are showing their support for Ethiopia after Twitter added the country’s flag to the “ETH” hashtag in celebration of the Olympics. A DAO called EthiopiaDAO has formed, while some community members have suggested sponsoring the country’s Olympic team. The Olympics thanked Twitter founder Jack Dorsey and the wider crypto community for […]
$8M Lost as THORChain Suffers Third Attack in a Month
Key Takeaways THORChain has suffered an attack, leading to losses of around $8 million. An attacker tricked the Bifröst protocol into accepting a fake deposit, then received a refund for the assets even though it hadn’t deposited any to the protocol. It’s the third major incident to hit THORChain in a month. A Bifröst exploit […]
Dogecoin Could Reach 8,000 New Merchants Through Coinbase Commerce
This news was brought to you by Phemex, our preferred Derivatives Partner. Cryptocurrency payment processor Coinbase Commerce has added Dogecoin (DOGE) to its list of supported altcoins. much payment. very commerce. 🐕 Just a quick blast to let you know we’re now accepting commerce payments in Dogecoin (DOGE)! — Coinbase Commerce (@CommerceCB) July 21, 2021 […]
Lawsuit Claims Dfinity ICP Token is Unregistered Security
Key Takeaways California resident Daniel Ocampo has filed a new class action lawsuit against Dfinity alleging the firm violated the 1933 U.S. Securities Act. The plaintiff claims that Dfinity created ICP tokens out of thin air and sold them without filing appropriate registration. The complainant aims to seek compensation for the ICP investors the lawsuit […]
JPMorgan Lets Retail Wealth Clients Access Grayscale Products: Report
JPMorgan has become the first major bank to offer crypto access to retail wealth clients. JPMorgan Expands Crypto Access JPMorgan is doubling down on crypto. The American investment bank has allowed all of its wealth management clients access to crypto trading, Insider reported Thursday. It’s the first major U.S. bank to let all of its […]
Alabama Says BlockFi Sold Unregistered Securities
Cryptocurrency lending firm BlockFi has received a Show Cause Order from Alabama over allegations of offering unregistered securities. More Trouble For BlockFi The U.S. state of Alabama has accused BlockFi of selling unregistered securities worth $14.7 billion. Joseph Borg, director of Alabama Securities Commission (ASC) sent a Show Cause Order to BlockFi Wednesday, alleging the […]
Bitcoin, Ethereum Rise as Elon Musk Reveals Allocations
Key Takeaways Elon Musk has reiterated that he plans for Tesla to accept Bitcoin as a form of payment once it becomes more sustainable and confirmed he owns Ethereum. Bitcoin has risen over 3,000 points in reaction to Musk’s remarks. Ethereum also looks primed for a new uptrend toward $2,300. The top two cryptocurrencies by […]
