Maker, the issuer of DAI stablecoin, has nearly doubled the limit on its staked Ethereum vault. The DeFi protocol is planning to stop its dependence on centralized stablecoin like USDC. The recent Tornado Cash scandal has fueled the plan. Staked Ethereum represents one unit of ETH that has been locked up or deposited in expectation…
Bitcoin (BTC) has hit the limelight once more. That comes after the leading crypto recorded impressive gains within the past week. BTC surged over 12% during the timeframe. The intriguing info about Bitcoin halving emerged amidst the talks about the next bullish run. The 4th Bitcoin halving will happen sooner than the initial plan of…
Solana’s governance coin SOL recorded lucrative uptrends recently, with its price soaring by more than 10% over the past seven days. The price upswing gave investors hope for lucrative days ahead. Though the alternative token has recorded multiple optimistic developments within the community within the last few days, the sustainability of the ongoing hike remains…
MicroStrategy holds the most bitcoin than any other corporate company. Its bitcoin portfolio has over 128,900 bitcoin with a value of nearly $2.6 Billion in today’s market. The publicly traded software company plans to purchase more in the coming days. MicroStrategy to Sell Part of its Shares to Finance Bitcoin Acquisition MicroStrategy informed the Securities…
The Helium Foundation revealed a proposal on August 30, informing users about attractive updates. The foundation confirmed the plans of Helium’s core team to shift towards the Solana blockchain. Though the platform scheduled a proposal to commence by September 12, the HNT price immediately dropped by 11% over the following 24 hours after the proposal’s…
NEAR Protocols introduced the initial Protocol Working Group conference to debate the recent improvement proposals for the platform. The group will bolster NEAR’s future and ensure heightened developments. Besides the new development-focused group, NEAR witnessed a lucrative performance in the previous week. The latest weekly update shows NEAR conducted 2.25M transactions with 751,293 average transfers….
Uniswap has gained approximately 8.05% over the past seven days. UNI has retained optimistic price actions regardless of the present bearish market. However, what could be behind Uniswap’s impressive performance? The platform has seen several developments that might have contributed to this surge. Uniswap’s product head, Scott Gray, revealed that the firm would launch non-fungible…
Cardano remains a few days from its Vasil update as we welcome September 2022. Meanwhile, expectations remain high, especially for pre-upgrade rallies, as that is often whenever a blockchain platform introduces massive changes. If Cardano’s Vasil satisfies the anticipations, market players can expect surged investor excitement in the upcoming days. Cardano’s bullish trials in August’s…
The rate at which hackers target the decentralized ecosystem is rising daily. After a recent rug pull, the market value of a famous play-to-earn blockchain platform, the GameFi initiative, dropped by 99%. Similarly, another DeFi network lost millions to the recent attack on its platform. Moreover, the blockchain security and analytic firm PeckShield Alert posted…
Arbitrum, an Ethereum Layer2 solution, looks to regain its lost charm in the cryptocurrency space. The roll-up solution will undergo a massive Nitro upgrade next week. Meanwhile, Arbitrum witnessed an enormous surge in daily transactions, crossing 180,000 this week. Indeed, Arbitrum appears healthy compared to its rival, Optimism. Arbitrum’s organic growth saw it maintaining a…
According to Shiba Inu’s official Twitter account, the Singapore-based MEXC exchange is set to reward eligible users in an upcoming event. The promotional event is jointly hosted by the exchange in partnership with Bone ShibaSwap (BONE), which has set the prize at 5,555 BONE, which is up for grabs in the “Sign Up, Deposit and…
After a brief price decline, the king of altcoins has recovered to recapture its lost price level. Following a drop in price on August 19, Ethereum has rallied again to return to the previous $1,700 value as activities on the network stabilize. Meanwhile, the number of active ETH wallets is increasing as the community anticipates…
A recent analysis of the spot markets shows that Ethereum and Bitcoin futures volumes are up again. Spot trading allows traders to buy and sell instantly delivered tokens to consumers. On the other hand, spot volumes are the number of digital currencies transferred on the on-chain platform. Spot Volume only indicates the successful transfers, not…
The king of crypto and the broader digital asset market are currently in a downward trend as prices plunge further. Bitcoin’s value has plummeted by over 10% since Friday, August 19. This happened when many liquidations had impacted the more significant crypto market. Data from CoinMarketCap shows that the price decline of Bitcoin has a…
Since the inception and growth of BTC, various BTC supporters have stated that it would overtake Gold in terms of value. Meanwhile, the market has been pretty rough for Bitcoin as its market valuation fell out of the top ten earlier this year. However, reputable cryptocurrency experts have upheld that the prediction of BTC overtaking…
Charles Hoskinson, the founder of the Cardano ecosystem, has assured its community that the team will not delay the long-awaited Vasil hard fork anymore. It appears the news has pushed several investors to add more ADA to their crypto vault. Cardano Whales And Sharks Accumulate ADA According to reports, Cardano whales have bought ADA worth…
A panel of crypto industry professionals predicts that Cardano’s price will skyrocket to $2.93 and $6.53 by 2025 and 2030, respectively. However, analysts estimate that the coin will trade at only $0.63 by the end of 2022. As per statistics from CoinMarketCap, the coin is trading at about $0.436. By December, the coin may still…
As the nation’s economy continues to deteriorate, the Central Bank of Sri Lanka (CBSL) reiterated its stance on crypto in a notice. On July 12th, the CBSL released a public warning to the public that crypto usage is still prohibited. In 2018 and 2021, the CBSL has reiterated its position on crypto usage. It has…
Currently, regulators worldwide are still looking for the best way to regulate the $900-billion industry. Meanwhile, on the 22nd of June, Euronews stated that: “While some state have partially regulated the sector, others have left the sector without regulations.” Swiss Watchdog, FINMA, Calls For Complete Regulation Of Crypto Market Various officials warned that not regulating…
On June 16th, the US Federal Reserve raised the interest rate by about 0.75%. This is the single largest increment in the last 30 years. Meanwhile, the Reserve Bank noted that more increments would come later in the year. The hike was aimed at counteracting the increasing inflation in the country. Meanwhile, following the announcement…
