Author Archive: Jeremy Parkinson

What is Causing Axie Infinity’s Boom in Popularity?

What is Causing Axie Infinity’s Boom in Popularity?

Key Takeaways Over the last month, Axie Infinity has boomed in popularity. Factors such as the Ronin sidechain and the game’s play-to-earn model have attracted new players. Scholarship programs are also making the game more accessible. Axie Infinity has experienced a rapid rise in recent weeks, with the game’s native token AXS surging 469% this […]
Ethereum Community Backs Ethiopia Ahead of Olympics

Ethereum Community Backs Ethiopia Ahead of Olympics

Key Takeaways Ethereum fans are showing their support for Ethiopia after Twitter added the country’s flag to the “ETH” hashtag in celebration of the Olympics. A DAO called EthiopiaDAO has formed, while some community members have suggested sponsoring the country’s Olympic team. The Olympics thanked Twitter founder Jack Dorsey and the wider crypto community for […]
$8M Lost as THORChain Suffers Third Attack in a Month

$8M Lost as THORChain Suffers Third Attack in a Month

Key Takeaways THORChain has suffered an attack, leading to losses of around $8 million. An attacker tricked the Bifröst protocol into accepting a fake deposit, then received a refund for the assets even though it hadn’t deposited any to the protocol. It’s the third major incident to hit THORChain in a month. A Bifröst exploit […]
Dogecoin Could Reach 8,000 New Merchants Through Coinbase Commerce

Dogecoin Could Reach 8,000 New Merchants Through Coinbase Commerce

This news was brought to you by Phemex, our preferred Derivatives Partner. Cryptocurrency payment processor Coinbase Commerce has added Dogecoin (DOGE) to its list of supported altcoins. much payment. very commerce. 🐕 Just a quick blast to let you know we’re now accepting commerce payments in Dogecoin (DOGE)! — Coinbase Commerce (@CommerceCB) July 21, 2021 […]
Lawsuit Claims Dfinity ICP Token is Unregistered Security

Lawsuit Claims Dfinity ICP Token is Unregistered Security

Key Takeaways California resident Daniel Ocampo has filed a new class action lawsuit against Dfinity alleging the firm violated the 1933 U.S. Securities Act. The plaintiff claims that Dfinity created ICP tokens out of thin air and sold them without filing appropriate registration. The complainant aims to seek compensation for the ICP investors the lawsuit […]
JPMorgan Lets Retail Wealth Clients Access Grayscale Products: Report

JPMorgan Lets Retail Wealth Clients Access Grayscale Products: Report

JPMorgan has become the first major bank to offer crypto access to retail wealth clients. JPMorgan Expands Crypto Access JPMorgan is doubling down on crypto. The American investment bank has allowed all of its wealth management clients access to crypto trading, Insider reported Thursday. It’s the first major U.S. bank to let all of its […]
Alabama Says BlockFi Sold Unregistered Securities

Alabama Says BlockFi Sold Unregistered Securities

Cryptocurrency lending firm BlockFi has received a Show Cause Order from Alabama over allegations of offering unregistered securities. More Trouble For BlockFi The U.S. state of Alabama has accused BlockFi of selling unregistered securities worth $14.7 billion. Joseph Borg, director of Alabama Securities Commission (ASC) sent a Show Cause Order to BlockFi Wednesday, alleging the […]
Bitcoin, Ethereum Rise as Elon Musk Reveals Allocations

Bitcoin, Ethereum Rise as Elon Musk Reveals Allocations

Key Takeaways Elon Musk has reiterated that he plans for Tesla to accept Bitcoin as a form of payment once it becomes more sustainable and confirmed he owns Ethereum. Bitcoin has risen over 3,000 points in reaction to Musk’s remarks. Ethereum also looks primed for a new uptrend toward $2,300. The top two cryptocurrencies by […]
Stellar’s XLM Up 14% on MoneyGram Takeover Plans  

Stellar’s XLM Up 14% on MoneyGram Takeover Plans  

This news was brought to you by Phemex, our preferred Derivatives Partner. Stellar’s XLM token rallied 14% following rumors that the Stellar Development Foundation has expressed interest in acquiring remittance provider MoneyGram International Inc. XLM Rallies on MoneyGram Acquisition News Stellar Lumens looks to have broken out of its downward trend.  The project’s native token, […]
Cardano Preparing for Web, Mobile Integration

Cardano Preparing for Web, Mobile Integration

Key Takeaways Charles Hoskinson recently revealed that Cardano’s smart contracts are now compatible with web browsers on testnet. The team ran the Plutus application backend in Javascript, the most popular web programming language. Cardano has been making moves towards the launch of smart contracts on mainnet, scheduled for September. Charles Hoskinson briefed the Cardano community […]