Category Archive: Cryptocurrency, No picture
Facebook Says Most U.S. States Have Approved Novi
Key Takeaways Facebook financial executive David Marcus has revealed new progress regarding the company’s Diem stablecoin. He says Diem’s Novi wallet has been approved in most U.S. states. Marcus did not reveal a launch date for the stablecoin or wallet. Facebook executive David Marcus has provided an update on the regulatory status of Novi, the […]
Cardano Enters Price Discovery Mode Targeting $3
Key Takeaways Cardano just made a new all-time high of $2.58. If buy orders continue piling up, ADA could rise to $2.87. The $2.47 support level must hold for the bullish outlook to be validated. This news was brought to you by Phemex, our preferred Derivatives Partner. Cardano has stolen the crypto spotlight breaking its […]
Luna Yield Executes First Major Rug Pull on Solana
Key Takeaways Solana has suffered its first rug pull on Luna Yield, a recently launched high APY yield farm. The anonymous team at Luna Yield has since deleted their website, as well as their social media handles. The yield farm was incubated by SolPad, a Solana-based launchpad on Aug. 16. This news was brought to […]
Coinbase To Add Over $500M in Crypto to Its Holdings
Key Takeaways Coinbase received board approval to add $500 million in crypto to its balance sheet. Going forward, the company will allocate 10% of its profits into a diverse portfolio of crypto assets. Coinbase is the first publicly traded company to invest in crypto assets other than Bitcoin. This Exchange News was brought to you […]
Vitalik Buterin Criticizes Square, Facebook Crypto Plans
Key Takeaways In a Bloomberg interview, Ethereum founder Vitalik Buterin commented on blockchain plans from Square and Facebook. Buterin criticized Square’s DeFi plans, suggesting that the firm will need to maintain control over user funds. He also criticized Facebook, calling the recent revival of Libra under the name Diem a “rebirth of dead ends.” Ethereum […]
SEC’s Gary Gensler Says DeFi Apps Can Be Regulated
Key Takeaways Gary Gensler says that the U.S. Securities and Exchange Commission could begin to regulate DeFi platforms. Though DeFi platforms have little control over user funds, they often have an organized and transparent set of developers. The U.S. SEC has already targeted at least two decentralized projects; one this month and one in 2018. […]
Avalanche Soars on Aave News, But Dip Looks Imminent
Key Takeaways Avalanche is making significant strides to expand the network’s utility, recently announcing plans to integrate Aave and Curve Finance. Market participants appear to have welcomed the recent developments around it, with AVAX surging in the last three days. Nonetheless, it looks like a spike in profit-taking is under way, meaning a dip could […]
$25M Uniswap Proposal Sparks Another Governance Controversy
Key Takeaways Flipside Crypto has requested a $25 million grant from Uniswap to build a community driven analytics firm. Critics of the proposal have questioned why the Uniswap grant should favor only one actor in the space. Uniswap’s governance process was also criticized last month as a small number of parties can influence votes due […]
Ethereum Is Getting a New Layer 2 Optimistic Rollup
Key Takeaways A new Optimistic Rollup created by Enya and OMG Network has gone live on mainnet. Boba Network will be competing with the likes of Optimism and Arbitrum. Unlike other rollups, Boba Network offers fast transfers to Ethereum mainnet. This news was brought to you by ANKR, our preferred DeFi Partner. Enya and OMG […]
Pendle Finance Launches Support For LP Derivatives
Key Takeaways Pendle Finance has launched tokenized yields for Sushi LP Positions. Users can now split their LP position into derivative tokens, allowing for speculation on future market movements. Derivatives like Pendle’s yield tokens are a growing part of the DeFi ecosystem. This news was brought to you by ANKR, our preferred DeFi Partner. Pendle […]
