Category Archive: Cryptocurrency, No picture
Goldman Sachs Says Crypto Could Power Data Economy
Key Takeaways Goldman Sachs has published a report discussing crypto’s potential as an institutional asset class. Researchers argued that the value of a blockchain depends on the information stored on it, claiming that Ethereum could become the number one chain in the future. The report also discussed the importance of decentralization for the future of […]
Ethereum DEX Aggregator 0x Launches on Polygon
Key Takeaways 0x will let developers source liquidity from a variety of Polygon-based DEXs in one single interface. The major liquidity sources leveraged by the API include QuickSwap, SushiSwap, ComethSwap, Curve, Dodo, mStable, and Dfyn. 0x joins a growing list of leading DeFi projects that have expanded to Polygon. This news was brought to you by […]
Bitcoin Closing in on Biggest Monthly Dip Since 2011
Key Takeaways Bitcoin looks set to close its biggest monthly dip since 2011. It suffered its worst drop since Mar. 2020 during a market-wide crash earlier this month. Despite the crash, 74% of the BTC supply and 94% of the ETH supply is in profit. The market looks uncertain over whether the negative trend will […]
Bitcoin Will Survive Energy Debates, Green Miner Says
Key Takeaways Bitcoin will survive despite the recent criticisms surrounding the network’s environmental impact, Iris Energy Pty says. The cryptocurrency space has been the subject of debate in recent weeks after Tesla halted Bitcoin payments, citing environmental concerns. Bitcoin’s price has plummeted this month, which could be an indicator that institutional investors are losing interest […]
Cryptocurrencies Are a “Great Concern”: Ireland Central Bank Official
Another central bank official takes a stand against cryptocurrencies. Central Bank Officials Oppose Crypto The director-general of financial conduct at Ireland’s Central Bank has aired negative views on cryptocurrencies. Speaking to Bloomberg, Derville Rowland said that the growing interest in digital assets like Bitcoin and Ethereum was a point “of great concern.” “Crypto assets are […]
Arbitrum Launch: Layer 2 Ethereum Unpacked
Key Takeaways Arbitrum, an Optimistic Rollup scaling solution for Ethereum, has successfully launched for developers. Layer 2 scaling aims to reduce congestion on the base chain while still benefitting from its security. Reduced congestion on Ethereum will reduce gas fees for every user, not only the ones using Layer 2. This news was brought to […]
SEC Charges Five Individuals Tied to BitConnect Scam
Key Takeaways The U.S. SEC has charged five individuals with connections to the crypto Ponzi scheme BitConnect. BitConnect was mainly active in 2017. It raised more than $2 billion during the year that it was operational. Regulators initially took action against BitConnect in 2018. This Exchange News was brought to you by OKCoin, our preferred […]
Polygon Datasets Now Available on Google Cloud
Key Takeaways Polygon’s blockchain datasets can now be viewed through Google Cloud’s BigQuery tool. The integration will provide useful metrics for analysis like the most active and popular tokens, contracts, and apps on the network. The team said that the update will be critical for the network’s growth. Ethereum’s popular scaling network Polygon has announced […]
DEX Aggregator OpenOcean Expands to Solana
Key Takeaways OpenOcean, a DEX aggregator that captures liquidity across DEXs and CEXs, has integrated Solana. The protocol will compete against other Solana-based DEX aggregators such as Frontier Finance. Solana’s DeFi ecosystem has grown at a rapid rate recently. It’s one of Ethereum’s strongest competitors. This news was brought to you by ANKR, our preferred […]
$7 Million Lost in Flash Loan Attack on BSC’s BurgerSwap
Key Takeaways BurgerSwap was hit by a flash loan attack last night. The losses amount to roughly $7.2 million. Uniswap founder Hayden Adams noted that a key part of the code was changed by the BurgerSwap team, raising suspicions of an inside job. Incidents on Binance Smart Chain have multiplied in recent weeks resulting in […]
