Maker Increases Staked Ethereum Limit to Minimize USDC Dependence

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…

Read More

Bitcoin (BTC): 2023 Halving and All Recent Things to Know

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…

Read More

Solana (SOL): Long Traders Could Be Unaware of This Crucial Info

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…

Read More

MicroStrategy Plans to Purchase More Bitcoin

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…

Read More

Helium (HNT): Price Action Over Past Days Amid Proposal to Migrate to Solana

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…

Read More

NEAR Protocol Announces New Updates; Enough to Shift Its Course?

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….

Read More

Uniswap (UNI): Chances of Winning Long Bets in Future

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…

Read More

Cardano (ADA) Enters Most Crucial Month: What to Expect?

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…

Read More

Massive Rug Pull Threatens GameFi Project As DeFi Protocol Faces Hack

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…

Read More

Arbitrum: All Latest Things to Know, Featuring Growing Network Activity

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…

Read More

Singapore-based MEXC Exchange To Reward SHIB Holders With 5,555 BONE

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…

Read More

Bitcoin And Ethereum’s Futures Return To Dominate The Spot Markets

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…

Read More

Bitcoin Hovers At $21,000 As Crypto Market Cap Sinks Below $1 Trillion

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…

Read More

FINMA Urges Other Watchdogs To Safeguard Crypto Investors

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…

Read More

BTC Fluctuate As Fed Reserve Increase Interest Rate By 0.75%

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…

Read More