Category Archive: Cryptocurrency, No picture
Argentina May Adopt Bitcoin to Curb Inflation
Argentine president Alberto Fernández has made several positive comments regarding cryptocurrencies, suggesting that the country could adopt Bitcoin to curb its rampant inflation. Argentina Eyes Bitcoin Adoption Argentina joins the growing list of South American countries contemplating cryptocurrencies. In an interview on the Caja Negra YouTube channel, president Alberto Fernández made several comments regarding cryptocurrencies, […]
Coinbase Criticized for USDC’s Unclear Dollar Backing
Coinbase and Circle have been criticized over a change of policy concerning their dollar-pegged stablecoin, USDC. Coinbase Changed Statements On USDC Bloomberg criticized Coinbase this week by drawing attention to past and present statements on the exchange’s website. Coinbase’s website initially stated that “each USDC is backed by one US dollar, which is held in […]
Poly Network Hacker Returns Almost All of $611M Loot
Key Takeaways The Poly Network hacker has returned the remainder of the $611 million they stole this week on Ethereum mainnet. The team confirmed that almost all of the funds were recovered, except for $33 million worth of frozen USDT stablecoins. In an onchain message, the team offered the hacker a $500,000 as a thank […]
DAO Maker Suffers $7 Million Exploit
Key Takeaways DAO Maker was exploited today. An attacker stole $7 million after discovering a smart contract vulnerability. The attacker converted the loot to 2,261.45 ETH to prevent funds from getting blacklisted. The DAO token has plummeted 15% following the incident. This news was brought to you by Phemex, our preferred Derivatives Partner. Crypto launchpad […]
How Polygon and xDai Will Adopt EIP-1559
Key Takeaways Polygon and xDai are two Ethereum sidechains. They run their own consensus mechanism and have their own native tokens. The two networks are planning to introduce their own takes on Ethereum’s EIP-1559 fee burning proposal. Introducing a variant of EIP-1559 could lead their native tokens to appreciate in price due to a reduction […]
Bitcoin Whales Book Profits as Steep Correction Looms
Key Takeaways Bitcoin’s uptrend seems to be reaching a point of exhaustion. Whales have been selling in preparation for a pullback. The $45,230-$46,560 resistance level will decide where BTC goes next. This news was brought to you by Phemex, our preferred Derivatives Partner. On-chain metrics have registered a spike in profit-taking behind Bitcoin following an […]
Lionel Messi Will Receive Crypto for Joining PSG
This news was brought to you by Phemex, our preferred Derivatives Partner. Lionel Messi has signed a two-year contract with Paris Saint-Germain. The undisclosed deal is said to include a “large number” of PSG fan tokens. Messi Receives Crypto Tokens As part of a signing bonus for a two-year contract with French soccer club Paris […]
SushiSwap Says Optimism Showed Favoritism to Uniswap During Layer 2 Launch
Key Takeaways Joseph Delong, CTO of SushiSwap, has accused Optimism of giving preferential treatment to Uniswap. Delong believes that Optimism favored Uniswap because of influence from venture capital (VC) investors. Optimism has denied accusations of any preferential treatment. SushiSwap CTO Joseph Delong has accused Optimism, a Layer 2 scaling project, of giving preferential treatment to […]
Polygon Rallies as Whales Go Into Buying Spree
Key Takeaways MATIC is up more than 20% in the last 24 hours. Buying pressure continues rising despite the recent gains. Polygon may be targeting $1.83 as it faces no resistance ahead. This news was brought to you by Phemex, our preferred Derivatives Partner. Polygon’s native token MATIC appears to have entered a new uptrend […]
TRON Foundation Launches $300M GameFi Fund
Key Takeaways TRON Foundation is launching a $300 million fund in collaboration with APENFT and WINKLink. The fund’s primary goal is to boost GameFi ecosystem growth on the TRON network. Justin Sun, who founded TRON and has recently become an avid digital art collector, thinks GameFi is the next big thing in crypto. The fund […]
