Category Archive: Cryptocurrency, No picture
Bitcoin Breaks $50,000 as Institutions Accumulate
Key Takeaways Bitcoin is up nearly 6% in the last 24 hours, breaking through $50,000. Data shows that institutional players and whales have been accumulating BTC. A decisive daily candlestick close above $51,500 could push prices towards $60,000. This news was brought to you by Phemex, our preferred Derivatives Partner. Bitcoin has surged past $50,000 […]
SEC Sues BitConnect Founder in Latest Legal Filing
The U.S. Securities and Exchange Commission has sued the founder of BitConnect, according to a new legal filing. SEC Targets BitConnect Founder BitConnect was a prominent cryptocurrency Ponzi scheme that operated between 2016 and 2018. It quickly shut down after intervention from the Texas State Security Board. The filing targets BitConnect founder Satish Kumbhani, a […]
Axie Infinity Revenue Jumped Another 85% in August
Key Takeaways Axie Infinity’s revenue jumped by 85% from July to August. The game takes revenue from selling NFTs. The game registered $364 million in protocol revenue, up from $196 million in July. The latest growth stats show Axie has maintained its lead in blockchain gaming space. Axie Infinity continues to take in more revenue […]
Twitter Reportedly Preparing Bitcoin Tipping Feature
Key Takeaways According to reports, Twitter users may soon be able to tip each other with Bitcoin. The feature may be added to “Tip Jar” service launched on the platform earlier this year. A screenshot suggests that Twitter will use the Lightning Network to facilitate the payments. This news was brought to you by Phemex, […]
Polygon’s MATIC Primed to Revisit All-Time Highs
Key Takeaways Polygon’s MATIC token appears to be heading towards $1.63. Breaking through this resistance level would likely trigger a new bull run. Prices must hold above $1.24 for the bullish outlook to prevail. Polygon’s MATIC token looks ready to resume its uptrend as prices build a massive bullish pattern and whales accumulate millions of […]
SEC Chair Gensler Reiterates DeFi Regulatory Risks
Key Takeaways In an interview with the Financial Times, SEC Chairman Gary Gensler repeated his call to regulate DeFi. The Chairman said crypto platforms should be “asking for permission” instead of “begging for forgiveness.” Gensler added that DeFi platforms have âa fair amount of centralization,â making them susceptible to regulation. In a Wednesday Financial Times […]
Polkadot, Kusama Jump Ahead of Next Parachain Auction
Polkadot and its canary network Kusama have rallied ahead of the second round of parachain auctions, which go live later today. The Polkadot Ecosystem Rallies Many Layer 1 blockchains soared in August, and now Polkadot is stealing the limelight. Both Polkadot and Kusama, the two cornerstones of the Polkadot ecosystem, have put in significant gains […]
Ethereum Looks Ready to Return to $4,000
Key Takeaways Ethereum is up nearly 10% in the past 36 hours. The bullish momentum might expand further given the lack of resistance ahead. As long as the $3,200 support level holds, ETH could rise to $4,000. This news was brought to you by Phemex, our preferred Derivatives Partner. Ethereum is back in the green […]
Ripple Wants SEC Members to Reveal XRP Holdings
Key Takeaways Ripple’s legal team has filed a motion that aims to have SEC members disclose their XRP holdings. The motion would also reveal the SEC’s preclearance policies on cryptocurrencies including ETH, XRP, and BTC. The SEC initially charged Ripple with violating securities laws through XRP sales in December 2020. This news was brought to […]
CryptoPunks and Larva Labs Sign Hollywood Deal
Larva Labs has signed a deal with United Talent Agency (UTA), according to The Hollywood Reporter. CryptoPunks Will Get Media Representation The deal means that CryptoPunks—Larva Labs’ popular series of non-fungible tokens (NFTs)—will be represented in film, TV, video games, and other media. Larva Labs’ other NFT series, including Meebits and Autoglyphs, could also be […]
