Category Archive: Cryptocurrency, No picture
HSBC Reportedly Blocking Investments in Key Bitcoin Advocate
HSBC, the world’s sixth-largest bank that has blocked customers from banking Bitcoin profits in the past, has allegedly classified Microstrategy as a “virtual currency product.” HSBC Blocks Clients, Again Microstrategy is a business analytics firm that has been encouraging businesses to adopt Bitcoin — most notably their influential founder and CEO Michael Saylor. Microstrategy has […]
No-Fee NFTs Save Immutable X Users $400k in 24 Hours
This news was brought to you by ANKR, our preferred DeFi Partner. The Immutable X L2 NFT marketplace launched yesterday on Apr. 08, making gas fees totally free for users. $414,480 Saved on Day One of Launch The Immutable X marketplace opened yesterday, allowing users to buy in-game assets for its Immutable’s own blockchain trading […]
CipherTrace and Chainlink Just Made DeFi More Compliant
Key Takeaways CipherTrace’s new solution is targeted at helping DeFi projects be compliant with the Office of Foreign Assets Control (OFAC) sanctions. Like all other business sectors, DeFi activities like swapping tokens, borrowing, and lending are subject to regulatory compliance. The solution has been developed on Chainlink, a decentralized oracle network that connects real-world data […]
After Beeple, CryptoPunks Are Coming to Christie’s
After selling Beeple’s “Everydays: The First 5,000 Days” for $69 million, popular auction house, Christie’s will now sell nine rare CryptoPunks in May. Christie’s Continues NFT Mania One of the world’s most respected auction houses continues its foray into crypto art. After making Beeple’s artwork the third most expensive piece of art ever sold by […]
Vampire Attack or Innovation? Basketdao Storms the DeFi Index Scene
Key Takeaways BasketDAO’s main innovation is to replace DeFi tokens with their interest-bearing equivalents from Aave or Compound. BDPI is already the second DeFi index token in terms of market cap. With its governance token BASK, BasketDAO is incentivizing the migration of DPI holders. This news was brought to you by ANKR, our preferred DeFi […]
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 […]
