Category Archive: Cryptocurrency, No picture
dYdX Airdrops New Governance Token to 64,000 Users
Key Takeaways DYDX will be the new governance token of its namesake exchange. The token will be distributed to users who have interacted with the protocol before July 26th 2021. While the tokens can be claimed already, users will need to wait until September 8th for it to become transferrable. More than 64,000 Ethereum addresses […]
BNB in Danger Amid Binance Regulatory Pressure
Key Takeaways Binance Coin has enjoyed an impressive 32% rally over the last two weeks. Despite the significant gains, BNB appears to have formed a bullish-to-bearish reversal pattern. Losing the $314 level as support could mark the beginning of a steep correction. This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. […]
Privacy Coin Zcash Weighing Proof-of-Stake Move
Key Takeaways Zcash founder Zooko Wilcox wants to move Zcash to Proof-of-Stake. The primary concern isn’t the environment, but greater security at a lower cost. Wilcox believes the value proposition of privacy coins has never been greater than now. Zcash is considering moving away from the energy-intensive Proof-of-Work consensus algorithm to the lighter, faster, and […]
HSBC the Latest U.K. Bank to Block Payments to Binance
Key Takeaways HSBC has become the latest bank to block credit card payments to Binance. The bank stated “possible risks to customers” as a reason for implementing the restriction. Over the past month, Binance has taken steps to appease regulators. HSBC has informed customers that it will stop credit card payments to Binance “wherever possible.” […]
Top Senator Slams Infrastructure Bill Crypto Tax Draft
Key Takeaways Senator Pat Toomey has said that Congress should be careful about passing the proposed U.S. infrastructure bill. He argued that the crypto provision within the bill should be amended as it may be “hastily-designed”. The bill proposes that all “brokers” in the cryptocurrency sector should report crypto transfers to the IRS. Some American […]
Alchemix Plummets After Suspected Insider Trading Blunder
This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. Alchemix has fallen over 15% after Coinbase announced support for the similarly-named asset Alchemy Pay. Alchemix Drops on Failed Insider Trading It seems someone got confused between Alchemix and Alchemy Pay. Yield tokenization protocol Alchemix dropped over 15% on Monday following the […]
Monero’s Riccardo Spagni Arrested on Fraud Charges
Key Takeaways Riccardo Spagni, former lead maintainer for Monero, was arrested last month in the U.S. on charges of fraud. Spagni allegedly falsified documents while involved with a South African company called Cape Cookies circa 2009. The charges were unrelated to his work on Monero. Former Monero lead maintainer Riccardo “Fluffypony” Spagni has been arrested […]
Bitcoin at Make or Break Point After Drop Below $40,000
Key Takeaways Bitcoin has slipped below $40,000 after enjoying a 43% rally. Transaction history suggests that BTC would have a difficult time reclaiming this level as support. If it does reclaim $40,000, $44,000 will become an imminent price target. The overall sentiment among cryptocurrency enthusiasts is back to “neutral” after the significant gains Bitcoin has […]
Eden to Protect Sushi Traders from MEV on Ethereum
Key Takeaways Transaction ordering protocol Eden Network has launched to protect Ethereum users from MEV. MEV is the amount of value miners can extract from transactions by reordering blocks, usually through frontrunning. Eden has integrated Sushi, giving traders on the DEX an option to protect themselves from MEV. This news was brought to you by […]
Why Cardano is Still Holding Strong After Market Crash
Key Takeaways Cardano’s native token ADA has shown strong support in the $1 to $1.20 range. Investors staking Cardano look to be helping it maintain its support. The strong community surrounding Cardano is also helping to keep people interested despite development setbacks. Since Cardano’s launch in 2017, its ADA token has seen wild swings in […]
