Category Archive: Cryptocurrency, No picture
Monero Leader Accuses MobileCoin of Borrowing Code
Key Takeaways Riccardo Spagni of Monero has accused MobileCoin of using the former coin’s code without acknowledging its origins. Others have criticized MobileCoin for being overly centralized. The coin became more notable this week when Signal decided to adopt it as a means of payment. This news was brought to you by Phemex, our preferred […]
Ledger and Shopify Face Class Action Over Data Breach
Key Takeaways A lawsuit has been filed against hardware wallet provider Ledger and its e-commerce partner Shopify over a data breach. In 2020, rogue employees at Shopify exploited a database vulnerability in order to gain access to Ledger client list. The lawsuit alleges that Ledger failed to notify customers or admit to the full scope […]
Bitcoin, Ethereum, and XRP Are Primed for Higher Highs
Key Takeaways Bitcoin prices could fall and complete the right shoulder of an inverse head-and-shoulders pattern, then rise above $67,450. Ethereum must regain $2,050 as support before its market value to advance to a new all-time high of $2,500. After an explosive breakout, XRP prices may also rise further. This news was brought to you […]
Equilibrium Raises $2.5 Million to Compete in Polkadot Auction
This news was brought to you by ANKR, our preferred DeFi Partner. Equilibrium, an interoperable DeFi project on Polkadot, raised $2.5 million to build its decentralized trading platform. Equilibrium Promises Cross-Chain DEX The funding round saw participation from various crypto funds, including KR1, Signum Capital, Hypersphere, Block Dream, Genesis Block Ventures, DFG Capital, FBG Capital, […]
Cream Finance Launches Cross-Protocol Flash Loans
Key Takeaways Cream Finance’s Iron Bank will enable protocol-to-protocol flash loans. Binance Smart Chain and Fantom users will also be able to leverage flash loans through the protocol. Flash loans are one of DeFi’s most radical innovations, but they’ve been very divisive. This news was brought to you by ANKR, our preferred DeFi Partner. Cross-protocol […]
Access to SEC Documents Will Aid Ripple’s Defense
Key Takeaways Judge Netburn has ordered the SEC to provide all official documents that express the agency’s views on Bitcoin and Ether. The documents will consist of memos, transcripts, and communications that discuss Bitcoin and Ether’s security status. These documents are legally referred to as “discovery documents” and may help Ripple’s defense against the SEC. […]
Coinbase Will List 1inch, Enjin, NKN, and Origin Token
Key Takeaways Coinbase Pro revealed it is preparing to list 1inch, Enjin Coin, NKN, and Origin Token on its trading platform on Apr. 9. The announcement has seen a significant number of investors rush to other exchanges to invest in those coins. The relevant altcoins have seen their price rise more than 20%, benefiting from […]
Bitcoin and Ethereum Could See a Liquidity Crisis
Key Takeaways Exchange balances have seen a steep drop in the last two days. Research from Jarvis Labs analyst Benjamin Lilly points to an imminent liquidity crisis of Ether on exchanges. In comparison to the previous two bullish cycles, the market flow data points to more upside. Bitcoin and Ethereum are being withdrawn from exchanges […]
Bitcoin to Become the Global Reserve Asset, Says Bloomberg
Key Takeaways According to Bloomberg, Bitcoin would replace gold as the global digital-reserve asset. Although the digital asset is undergoing a consolidation period, the firm believes that there is a higher probability that it will advance further. The most conservative target cited in the report puts Bitcoin at $80,000, while the most bullish one sees […]
Investor or Creator? How to Pay Taxes on NFTs
Key Takeaways NFTs are property, just like Bitcoin and Ethereum. NFT creators will pay ordinary income tax as they would when producing and selling a physical product. NFT investors could have their property taxed as collectibles, bringing a higher long-term capital gains rate. The NFT market is booming, but many participants are still in the […]
