Category Archive: Cryptocurrency, No picture
El Salvador to Use BitGo Wallets as Bitcoin Becomes Legal Tender
Key Takeaways Bitcoin has become legal tender in El Salvador. The country’s official Chivo digital wallet will be provided by crypto custody firm BitGo. El Salvador bought more Bitcoin after the asset tumbled in value today. This news was brought to you by Phemex, our preferred Derivatives Partner. El Salvador made Bitcoin legal tender today. […]
Standard Chartered Says Ethereum Could Hit $35,000
Key Takeaways Ethereum’s macro outlook is bullish, according to banking giant Standard Chartered. Analysts at the firm say Ethereum could hit $35,000 and surpass Bitcoin in market cap terms. Despite the bold prediction, Ethereum has suffered a brutal dip in the market today. This news was brought to you by Phemex, our preferred Derivatives Partner. […]
Panama Introduces Bill to Recognize Crypto for Payments
Key Takeaways Congressman Gabriel Silva introduced a bill aiming to make cryptocurrencies legal means of payment in Panama. If enacted, the new legislation will make it legal for Panamanians to pay taxes with crypto. One of the five key objectives of the bill is to make Panama compatible with DAOs. A member of Panama’s independent […]
Litecoin Ready to Rally But Must Hold Crucial Support
Key Takeaways Litecoin has taken a 13.6% nosedive in the last 36 hours. Despite the significant losses, LTC looks bullish from an on-chain perspective. Prices could target $290 as long the $200 support level holds. Volatility has taken over the cryptocurrency market, generating over $8 million in liquidations worth of Litecoin positions across the board […]
Fantom Surges 27% Amid On-Chain D&D Hype
Key Takeaways A new fantasy role-playing game called Rarity is bringing new users to Fantom. The FTM token is up 27% over the past 24 hours, reaching a new all-time high of $1.73. Over the past 30 days, Fantom has risen by 483%. An on-chain Dungeons and Dragons-inspired game called Rarity has exploded in popularity […]
Cardano’s Smart Contracts Face Major Scalability Issue
Key Takeaways Cardano’s EUTXO-based protocol design has proven challenging for decentralized application developers. Minswap, the first decentralized exchange to launch on Cardano testnet, faced immediate scaling issues last week. While several projects claim to have solved the concurrency issue, none have publicly revealed their solutions. Cardano, the third-largest cryptocurrency with a market cap of over […]
El Salvador Has Bought Its First $10 Million of Bitcoin
El Salvador has bought $10 million of Bitcoin, as revealed on the Twitter profile of the country’s president, Nayib Bukele. El Salvador Bought 200 BTC Bukele stated that the El Salvador government has purchased 200 BTC. The purchase was made in preparation for the country’s plans to make the cryptocurrency legal tender on Sept. 7. […]
Bitcoin Must Hold Above Crucial Support to Stay Bullish
Key Takeaways Bitcoin appears to have entered a highly volatile period. As long as the $51,000-$50,500 support level holds, the market outlook for the cryptocurrency remains bullish. Further buying pressure could push BTC to $57,200. This news was brought to you by Phemex, our preferred Derivatives Partner. Bitcoin has breached a critical resistance barrier that […]
FTX’s NFT Listing Service Disrupted by Fish
Leading crypto exchange FTX has launched an NFT listing service. However, due to a large number of spam submissions, the exchange is now charging a $500 fee. Users List NFTs on FTX FTX is hoping to be the first centralized crypto exchange to capitalize on the NFT hype, but it isn’t going as planned. CEO […]
What Are POAPs, and Why Should You Collect Them?
Key Takeaways POAPs are unique proof of attendance NFTs verified on the xDai sidechain. Many crypto communities have started giving out POAPs to engage with their members. POAP collections can also function as decentralized identities, unlocking new possibilities for their use. POAPs are unique NFT badges given out to attendees of both virtual and real-world […]
