Category Archive: Cryptocurrency, No picture
MakerDAO, Centrifuge Bring Real World Loans to DeFi
Key Takeaways MakerDAO’s community has passed a vote to introduce real world loans. Centrifuge users can now deposit real world assets into a pool to receive DAI. The debt ceiling has initially been set at 5 million DAI. This news was brought to you by ANKR, our preferred DeFi Partner. DeFi takes another leap forward […]
Three Reasons Why Bitcoin Dropped Below $51,000 Last Night
Key Takeaways Bitcoin crashed to lows below $51,000 late Saturday due to forced liquidations of long orders. A string of bad news triggered the sell-off, however, only one of them was verifiably true. While many indicators point to a “buy the dip” action, the volatility may persist this week. This news was brought to you […]
wNews: How a Dogecoin Pump Upstaged the Coinbase Listing
This week’s wNews digs into why various left-of-the-curve cryptocurrencies enjoyed some serious bullish attention. So hard did 2017’s favorite altcoins pump that the market quickly forgot about the industry’s first-ever direct listing. Dogecoin swept headlines, but other altcoins like Ethereum Classic, Bitcoin Cash, and Litecoin all took flight this week. There are several reasons why […]
Behind Polygon’s Mission to Become the “AWS of Ethereum”
Key Takeaways One fast-rising star in the scalability race is Polygon, a sidechain network that is slowly becoming a second home to many Ethereum projects. In the last six months, many Ethereum dApps including leading DEXs like Aave and Sushiswap have ported their contracts to this Polygon’s Plasma-PoS chain. Since Oct 2020, the total value […]
Binance Burns $600 Million Worth of BNB Tokens
Key Takeaways Binance has completed its fifteenth quarterly Binance Coin (BNB) burn, a regular practice that keeps the coin’s value strong. The burn removed more than 1 million BNB from circulation, an amount worth more than $600 million. This could push the price of BNB to a new all-time high of $750. This news was […]
Cardano Leader Calls Dogecoin Bubble Dangerous
Key Takeaways Cardano leader Charles Hoskinson has warned that Dogecoin’s recent market rally could have a negative outcome. He suggests that the Dogecoin bubble could attract attention from lawmakers and regulators if and when it bursts. Hoskinson even promoted Cardano competitors such as Ethereum 2.0 and Algorand as strong alternatives to Dogecoin. This Exchange News […]
Dogecoin Overtakes Tether in Market Cap After Making New All-Time High
Key Takeaways Dogecoin has posted year-to-date returns of nearly 7,000%. The meme coin continues surging while the rest of the market takes the backseat. If buying pressure continues mounting, DOGE could rise to $0.36 or even $0.52. This news was brought to you by Phemex, our preferred Derivatives Partner. Dogecoin continues its staggering advance thanks […]
Pendle Finance Raises $3.5 Million to Launch Tokenized Yield Market
This news was brought to you by ANKR, our preferred DeFi Partner. In the latest major DeFi raise, Pendle Finance has raised enough to bring their vision of a secondary market for tokenized yield to the DeFi space. Pendle Finance Ushers in Defi Primitive In a round led by some of the biggest names in […]
Bitcoin Crashes after Accident in Xinjiang, China Halts Mining Operation
Key Takeaways A gas explosion and flooding at a Chinese coal mine has halted Bitcoin mining operation in Xinjiang, China. The networks’ total hashrate dropped by 64 Eh/s as central authorities conducts safety inspections. Bitcoin’s price also felt the pressure from the decline in mining power, dropping 4.3% from today’s opening price. Bitcoin’s hashrate dropped […]
Ankr Project Review: Cloud Computing for the Blockchain
Key Takeaways Ankr links idle computing power with blockchains in need of node hosting. The ANKR token is used to settle transactions between providers and end-users. They’re capable of providing this computing power for much cheaper than competitors AWS or Google Cloud. This news was brought to you by ANKR, our preferred DeFi Partner. Ankr […]
