Category Archive: Cryptocurrency, No picture
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 […]
OKEx, MXC Announce $40M Investment in Solana Ecosystem
Key Takeaways The Solana Foundation has partnered with OKEx and MXC to launch two investment funds. The funds will bring in $40 million of capital to support projects building on Solana. Solana has recently attracted a number of new projects to its platform. This news was brought to you by ANKR, our preferred DeFi Partner. […]
New Turn in Ripple Lawsuit Brings Bulls Back to XRP
Key Takeaways XRP holders are growing overwhelmingly bullish. The sudden change in sentiment is likely related to a new turn that the SEC v. Ripple case has taken. Large whales have gone into a buying spree in anticipation of a positive resolution. This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. […]
AC Milan Joins Ethereum NFT Game Sorare
Key Takeaways AC Milan has joined Sorare. The club’s 2020-21 squad will be available as digital trading card NFTs on Ethereum. Sorare has welcomed several major soccer clubs amid a boom across the NFT space. A one-of-a-kind Cristiano Ronaldo card recently sold for $290,000. The fantasy soccer game has received backing from several notable figures […]
Fidelity Investments Files Bitcoin ETF Application
Fidelity Investments has filed a Bitcoin ETF proposal with the SEC. The asset management giant is the latest to join the queue of firms hoping to lay claim to the product. Fidelity Joins BTC ETF Hopefuls Fidelity’s subsidiary, FD Funds Management LLC, filed its S-1 with the Securities and Exchange Commission (SEC). The firm’s Bitcoin […]
