Category Archive: Cryptocurrency, No picture
The U.K. Could Create a Digital Currency Task Force
Key Takeaways The U.K. is considering a task force that will explore the creation of a central bank digital currency (CBDC). The effort will be led by members of HM Treasury and the Bank of England, along with other authorities. China, the U.S., and the European Central Bank are also working on or exploring digital […]
Bitcoin Price Could Rebound Despite Flash Crash
Key Takeaways Bitcoin crashed by nearly 15% within minutes on Sunday, Apr. 18. The sudden downswing generated over $9 billion in liquidations. Given the current state of the market, investors may be more inclined to buy than to sell at the current price levels. This news was brought to you by Phemex, our preferred Derivatives […]
Dogecoin Holders Target $0.69 With New Social Media Campaign
Key Takeaways Dogecoin is back in the green after a short-lived consolidation period. Speculation mounts around the token ahead of a global event scheduled for Apr. 20. While speculators target $4.20, the technicals suggest DOGE could rise to $1.00. This news was brought to you by Phemex, our preferred Derivatives Partner. While the rest of […]
TIME Continues Crypto Expansion, Adds New Payment Ramp
This news was brought to you by Phemex, our preferred Derivatives Partner. TIME magazine has gone the way of Tesla. After announcing investment in Bitcoin, the American news outlet has started accepting crypto for subscription payments. TIME’s Crypto Adoption TIME has joined forces with Crypto.com to let users start paying for their subscriptions in crypto. […]
Central Bank of China May Regulate Bitcoin as “Investment Alternative”
Key Takeaways Li Bo, the deputy governor of the People’s Bank of China (PBOC), said Bitcoin was an “investment alternative.” This is the first time a high-ranking regulator in China has referred to Bitcoin in these terms. Speaking at an economic conference, deputy governor said private stablecoins needed stronger regulation than Bitcoin. This news was […]
Tether USDT Launches on Layer 2 Solution Hermez Network
Key Takeaways USDT is now live on Hermez Network. Hermez Network is a Layer 2 ZK-Rollup solution. It went live on Ethereum Mainnet last month. USDT has announced expansions to several blockchains recently, while its market cap has surpassed $45 billion. This news was brought to you by Phemex, our preferred Derivatives Partner. Tether heads […]
MakerDAO, Centrifuge Bring Real World Loans to DeFi
Key Takeaways MakerDAO’s community has passed a vote to introduce real world loans. Centrifuge users can now deposit real world assets into a pool to receive DAI. The debt ceiling has initially been set at 5 million DAI. This news was brought to you by ANKR, our preferred DeFi Partner. DeFi takes another leap forward […]
Three Reasons Why Bitcoin Dropped Below $51,000 Last Night
Key Takeaways Bitcoin crashed to lows below $51,000 late Saturday due to forced liquidations of long orders. A string of bad news triggered the sell-off, however, only one of them was verifiably true. While many indicators point to a “buy the dip” action, the volatility may persist this week. This news was brought to you […]
wNews: How a Dogecoin Pump Upstaged the Coinbase Listing
This week’s wNews digs into why various left-of-the-curve cryptocurrencies enjoyed some serious bullish attention. So hard did 2017’s favorite altcoins pump that the market quickly forgot about the industry’s first-ever direct listing. Dogecoin swept headlines, but other altcoins like Ethereum Classic, Bitcoin Cash, and Litecoin all took flight this week. There are several reasons why […]
Behind Polygon’s Mission to Become the “AWS of Ethereum”
Key Takeaways One fast-rising star in the scalability race is Polygon, a sidechain network that is slowly becoming a second home to many Ethereum projects. In the last six months, many Ethereum dApps including leading DEXs like Aave and Sushiswap have ported their contracts to this Polygon’s Plasma-PoS chain. Since Oct 2020, the total value […]
