Category Archive: Cryptocurrency, No picture
Filecoin Uptrend Nears Exhaustion After 70% Advance
Key Takeaways Retail investors are growing euphoric about Filecoin after a recent announcement. FIL has risen nearly 70% in the past three days, reaching new yearly highs. Despite the upward price action, on-chain and technical metrics suggest a pullback is coming. This news was brought to you by Phemex, our preferred Derivatives Partner. Filecoin has […]
Is General Motors Planning to Accept Bitcoin Payments?
Key Takeaways General Motors CEO Mary Barra has commented on Bitcoin. Though GM does not want to invest in Bitcoin, Barra implied it could accept BTC as payment during a recent investor call. This ultimately depends on whether there is customer demand. Automotive giant General Motors is monitoring Bitcoin’s potential, according to statements from its […]
Crypto Analytics Firm Chainalaysis Now Valued at $2 Billion
Crypto analytics firm Chainalysis secures a $100 million investment at a valuation of $2 billion. Chainalysis Continues to Turn Heads Chainalysis’s eighth funding round was led by Paradigm, with participation from TIME Ventures, the investment fund by billionaire investor Marc Benioff, including early stakeholders Addition and Ribbit. Previously, it has obtained $166 million in seven […]
DeversiFi DEX Announces New Token and Airdrop
Key Takeaways The Scalable layer 2 DEX, DeversiFi has introduced new DeversiFi Token (DVF). The DeversiFi team will give out ~50% of the token supply for incentivizing adoption through liquidity mining and a user airdrop. The DEX is backed by large crypto firms such as Bitfinex, ConsenSys, and Ledger. This news was brought to you […]
Ethereum Scaling Solution Optimism Delays Launch to July
Key Takeaways Layer 2 solution Optimism has delayed its mainnet launch. The project is now planning to go live in July. The team said that they intend to give the community “time to integrate, audit and test.” Optimism is arguably Ethereum’s most anticipated Layer 2 solution, favored by DeFi staples like Synthetix and Uniswap. This […]
DeFi Project Spotlight: Small-Cap Lending Platform Cream Finance
Key Takeaways Cream Finance is a fork of Compound but offers far more assets to lend and borrow against. Though it offers additional features, they are less competitive than the original offerings. The CREAM token also lacks clear utility. Cream has proven that the underlying code is secure thanks to an audit from Trail of […]
Bitcoin, Ethereum Primed to Rebound Despite Losses
Key Takeaways Bitcoin has endured an 18% correction over the past two weeks and now sits on top of stable support. Ethereum whales are slowly reentering the network as a number of new buy signals pop up in the market. Despite the significant losses incurred recently, it seems that both cryptocurrencies are poised to rebound. […]
Microsoft’s ION Identity Layer for Bitcoin Is Now Live
Key Takeaways Microsoft has announced the launch of ION, its decentralized identity protocol for managing web account access. As of today, the project is open source and ready for general use. ION is one of many blockchain efforts from Microsoft. Microsoft announced today that its ION layer for Bitcoin is complete, as reported in a […]
Is Tesla Preparing to Accept Tokens Other Than Bitcoin?
Key Takeaways Tesla has reworded its Bitcoin payments policy, and some have interpreted this to mean it its considering other cryptocurrencies. An recent exchange between MEGA’s Kit Dotcom and Tesla’s Elon Musk discussed the merits of Bitcoin Cash. Tesla has made no definitive statement on the matter, meaning it is unlikely that it will accept […]
Goldman Sachs Registers Proxy Bitcoin Investment Product
Key Takeaways Goldman Sachs has announced an investment note with indirect exposure to Bitcoin. The linked note will be based on the price of the Ark Innovation ETF which adds Bitcoin from time to time. Besides institutions, the retail investment sector in the U.S. has seen an influx of many products with BTC allocation. Goldman […]
