Another DeFi platform took a major hit today, as the decentralized, credit-based stablecoin Beanstalk (with it’s stablecoin $BEAN) has broken it’s peg following a roughly $80M hack. Speculation has been left, right and center and a number of sleuths have been tracking the movement of funds and studying the exploit that has likely left Beanstalk […]
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On Easter Sunday, the majority of cryptocurrencies traded downward. Bitcoin, which leads the pack, couldn’t shake off the retreat. The total market capitalization of all cryptocurrencies as of Sunday was $1.87 trillion, down 0.69 percent from the previous day. Expectations remain that Bitcoin (BTC) will continue to decline in the short term, as price compression […]
Buying or selling cryptocurrencies usually starts with exchanges or, in other words, digital marketplaces where most crypto trading happens. For example, Binance, a leading centralized exchange (CEX), handles over $24.27 billion in daily volumes. Similarly, UniSwap is the world’s largest decentralized exchange (DEX) with over $7.25 billion in Total Value Locked (TVL). While centralized exchanges […]
According to THORChain’s treasury report for Q1 2022 released on April 1, the chain registered a growth in revenue despite the twofold impact of persistent market sluggishness and highly unstable geopolitical factors. Public data shows that THORChain recorded $2.17 billion in revenue in Q1 2022. THORChain, acclaimed as the “cross-chain version of UniSwap”, gained a […]
It’s an interesting time for crypto. As more and more institutional investors buy into Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies, there might be some investors wondering if they have missed the boat, especially as the dizzying market heights of 2021 gave way to the sobering slump at the start of 2022. In its earlier […]
It was a quiet Friday for the NFT market, but as we close out mid-April, despite a slower number of eye-popping headlines, there is still strong engagement with NFTs. According to Nansen NFT data, April is on-par with March data regarding volume, transactions, and users. Alt-chains such as Terra, Avalanche, Cardano, Solana, and others, are […]
One of the best performer assets in the crypto top 10 by market cap, Cardano (ADA) keeps strengthening its ecosystem. As the network prepares for its next major Hard Fork Combinator (HFC) event, called Vasil, its DeFi sector could add some of the most popular assets in the space. Related Reading | Majority Of Cardano (ADA) […]
Bitcoin miners are celebrating the third break this year as their computational power increased due to a decrease of 1.26% in difficulty. This means that they will be able to mine more Bitcoins, and with it comes an endless supply of new coins. Miners also have another 108,160 blocks left until halving happens on or […]
In an interview with CNBC, Ripple CEO Brad Garlinghouse revealed to feels optimistic about the company’s future and its legal battle. The payment solution company was sued by the U.S. Securities And Exchange Commission (SEC) in 2019 for the alleged illegal sales of a security, XRP. Related Reading | Price Analysis: Where’s XRP Headed After Ripple’s […]
Part 3 — Blockchain heuristics through time In our last post we introduced the cornerstone of scaling up blockchain analysis, commonspend, and its pitfalls. In this blog post we’ll explore more complex and novel blockchain analysis scaling methods, their drawbacks and why time is a critical feature of blockchain analytics. 1. Change prediction Change prediction is the second […]
There is no denying that Bitcoin has been ripped to shreds by bears over the last several months after setting a new all-time high in November last year. Even with new highs, the rally is largely viewed as a failure without a dramatic cycle conclusion. But what if that rally was part of a bear […]
By Faryar Shirzad, Chief Policy Officer The digital economy is permanently changing the nature of financial services globally and digital assets are at the center of much of this rapid change. This is something clearly understood by the UK Government. John Glen, Economic Secretary to the Treasury, used his recent keynote speech at Fintech Week to […]
Universe Island has announced the listing of its $UIM tokens on PancakeSwap which would provide its users with an avenue to trade. The listing is scheduled for the 18th of April 2022, shortly after which the first beta version of the game would be launched. $UIM is a BEP-20 token hosted on the Binance Smart […]
The wave of recent cryptocurrency gaming projects has attracted significant investment, as both digital-facing and traditional venture capitalists have bet big on play-to-earn and NFTs. It’s not just financiers either: gaming studio Ubisoft, the company behind Assassin’s Creed and Far Cry, just led a $60 million investment in White Start Capital’s new Digital Asset Fund, […]
The current cryptocurrency landscape, although fast-growing, is still noticeably far from being the inadvertent choice in finance for the average Jane and Joe. Among the few barriers to entry that linger in the crypto space for newbies, price fluctuation (volatility) is a key hurdle to overcome. To put this in perspective, cryptocurrencies can fluctuate in […]
Cryptocurrencies have gained significant traction since entering the scene in 2009 with the launch of the Bitcoin network. The asset class is currently valued at a staggering $2 trillion thanks to the institutional and retail investors flooding into the space. While there are several methods for crypto traders to get exposure to crypto assets with […]
Bitcoin sank to an intraday low of $39,714.69 on Friday, following a late surge above Wednesday’s critical resistance level of $41,500. BTC was down as traders braced themselves for the lengthy Easter weekend. Bitcoin – the world’s most sought-after digital asset – has fallen about $10,000 from a two-week high of $48,220, its highest level […]
Bitcoin failed again to clear the $41,500 resistance zone against the US Dollar. BTC could extend losses if there is a clear move below the $39,200 support zone. Bitcoin made another attempt to gain pace above the $41,500 level but failed. The price is now trading below $41,000 and the 100 hourly simple moving average. […]
Another day, another TV show headed to mint. Meanwhile, there’s another ecommerce conglomerate who is seemingly bulllish on NFTs. It’s another daily recap of all things NFTs. The Nightly Mint Latest Mint: American Idol In yesterday’s ‘Nightly Mint,’ we covered television channel AMC’s new ‘The Walking Dead‘ NFTs that went to listing. Today it’s ‘American […]
Bitcoin had finally broken past the $40,000 over the past 24 hours owing to Luna Foundation Guard’s (LFG) BTC buying spree. The price action was, however, dampened too soon as the coin after registering a hike of 7%, dipped by 4% at the time of writing. The 24-hour trading volume of Bitcoin also took a […]