Compared to Bitcoin, the altcoins are performing excellent. An analyst, pseudonymously known as InvestAnswers’s host, informs his 443,000 YouTube followers that 94% of the altcoins have outperformed the king currency on the Bitcoin Dominance chart. However, the analyst is still hopeful of the Bitcoin price to spike alongside the altcoins. The strategist explains that whenever...Read More
MakerDAO co-founder Rune Christensen recently proposed removing all USDC from the DAI stablecoin’s peg-stability module. He suggested that the USDC within, worth $3.5 billion, could be used to buy ETH instead. Yet despite what such a conversion could do to boost ETH’s price, Vitalik Buterin said it was a “terrible idea.” Removing Exposure to USDC...Read More
[PRESS RELEASE – Please Read Disclaimer] MEXC Exchange A few days ago, the Polygon Network ecosystem project Dragoma (DMA) experienced abnormal price fluctuations after its listing on MEXC, as it fell sharply from 0.85USDT. MEXC immediately suspended DMA/USDT trading on August 8th due to abnormal on-chain transactions. It is understood that although MEXC announced an...Read More
[PRESS RELEASE – Please Read Disclaimer] Gala, the successful blockchain gaming and music platform have announced the launch of Gala Film. The new platform continues the brand’s commitment to providing fans with unique opportunities to enrich their experiences with levels of involvement only possible through Web3. The core benefit of Gala Film is its ability...Read More
BlackRock has followed up its Coinbase partnership with its first institutional crypto investment product: a private bitcoin trust that offers direct exposure to spot BTC price action. BlackRock has debuted its first investment product offering direct exposure to bitcoin, according to a statement issued on Thursday (August 12, 2022). The product is a private bitcoin...Read More
Ankr is a well-known Web3 infrastructure provider. In a nutshell, the protocol works in the background, but it makes using decentralized applications, wallets, as well as crypto-based games possible by connecting them to the blockchains that they need to communicate with. Known for its continuous support for the BNB Chain by introducing BNB Liquid Staking,...Read More
Just days after the US Office of Foreign Assets Control (OFAC) barred American citizens from transacting with Tornado Cash, dYdX has revealed blocking accounts that had previously engaged with the coin mixer. To comply with the new sanctions set by the OFAC, dYdX observed a significant increase in accounts flagged by one of its compliance...Read More
Proponents of the Ethereum fork are gearing up to eliminate the pivotal EIP-1559. An Ethereum miner, which gained allies from many prominent figures and firms in the industry, has now published an open letter to the community. The Twitter account of the proposed chain-split fork – EthereumPoW – said that the once “almighty” Ethereum Foundation...Read More
California’s Department of Financial Protection and Innovation (DFPI) has now issued a desist and refrain order against Celsius. As such, the bankrupt crypto lender will not be to continue the sale and marketing of securities in the state of California. The development comes a month after the DFPI slapped two cease and desist orders to...Read More
