Category Archive: Cryptocurrency, No picture
VeChain Technicals Spell Trouble for the Bulls
Key Takeaways VeChain is down over 10% from its recent high of nearly $0.10. The price action seen since the beginning of the year suggests that VET is poised to retrace to $0.06 before it bounces back. A technical indicator further validates the pessimistic scenario. This news was brought to you by Phemex, our preferred […]
Chipotle Will Run $100,000 Bitcoin and Burrito Giveway
Key Takeaways Chipotle is running a promotion that will give away more than $100,000 worth of Bitcoin, plus free burritos. The sweepstakes event is part of National Burrito Day, which falls on the first Thursday of April every year. The restaurant chain did not suggest that it will accept Bitcoin or continue to work with […]
ConsenSys Launches NFT Ecosystem With 99% More Energy Efficiency Than PoW
Key Takeaways Palm is a joint venture by ConsenSys, HENIGroup, and Heyday Films. ConsenSys claim the NFT ecosystem is 99% more energy efficient than competitors due to launching as an Ethereum sidechain. Famous UK artist Damien Hirst, whose sales have made hundreds of millions in the art work, will launch an NFT collection on the […]
External Auditor First to Confirm Tether’s USDT Backing
Key Takeaways Accounting firm Moore Cayman attested “assets and liabilities” report from Tether in February. As of February 28, Tether held more than 100% assets to back the issuance of fiat and commodity backed stablecoins. The report strengthened crypto market sentiments by removing risks of non-liquid reserves of USDT. This news was brought to you […]
Moonbeam Lands $6M in Funding Round Led by CoinFund
Key Takeaways PureStake has received $6 million in funding for the development of Moonbeam. CoinFund led the round, alongside several other major industry players. Moonbeam is an Ethereum-compatible Polkadot parachain. It can read smart contracts in Solidity. This news was brought to you by ANKR, our preferred DeFi Partner. Several big hitters are backing PureStake […]
DeFi Wallet Links Aave, Uniswap, and Compound Straight to Bank Account
Key Takeaways Dharma’s SDK can connect any Ethereum protocol to the wallet. Users can send up to $25,000 to these protocols from their regular bank account per day, with no intermediary. Users can withdraw to their bank at any time of the day or night. DeFi innovation continues as the Dharma wallet introduces a way […]
Pro Baseball Team Oakland A’s Sells Seating for Bitcoin
Key Takeaways The Oakland A’s are selling full-season seating for Bitcoin. President Dave Kaval stated that he has received more than 100 inquiries and hopes to finalize two to three sales by next Thursday. Other pro sports teams such as the NBA’s Dallas Mavericks and the NFL’s Miami Dolphins have previously accepted crypto. Professional baseball […]
Cosmos Adds Interoperability, Sending ATOM Higher
Key Takeaways With Cosmos’ added interoperability, projects in the Cosmos Hub will be able to exchange data and tokens with each other. The announcement has generated attention because it will foster economic collaboration through the blockchain ecosystem. ATOM looks primed for a bullish breakout, as a particular technical indicator has flashed a buy signal. This […]
Canadian Loan Broker Mogo Offers Bitcoin Cashback on Home Loans
Key Takeaways Canadian fintech firm Mogo Inc. launches Bitcoin cashback on mortgages and refinances. Mogo’s CEO says it is a way for customers to starting accumulating Bitcoins. This news was brought to you by Phemex, our preferred Derivatives Partner. NASDAQ-listed financial services firm Mogo Inc. has offered Bitcoin cashback on home loans and refinance borrowings. […]
The Internet of Blockchains Is Now Live on Cosmos
Key Takeaways In January, the Cosmos team introduced Stargate, an update that enabled the final transition towards the vision of “Internet of Blockchains” laid out in the whitepaper. Inter-Blockchain communication (IBC) allows blockchains in the Cosmos ecosystem to exchange data and tokens with each other. On Mar. 29, the team will do a live demo […]
