Category Archive: Cryptocurrency, No picture
Uniswap Token Falls on SEC Investigation Report
Key Takeaways Uniswap will face an investigation from the U.S. Securities and Exchange Commission. The UNI token has dropped over 6% on the news, and may fall further. SEC chair Gary Gensler has repeatedly commented on the lack of regulation in DeFi. The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Uniswap Labs, the […]
Ethereum Breaches $4,000, Marking the Presence of Whales
Key Takeaways Ethereum is back above $4,000 after breaking out of a consolidation pattern. The bullish impulse coincides with an increase in the number of large Ether transactions. The network activity suggests that whales may be positioning themselves for higher highs. This news was brought to you by Phemex, our preferred Derivatives Partner. Ethereum is […]
Why Are NFT Collectors Looking for Loot on Ethereum?
Key Takeaways LOOT (for Adventurers) is the latest NFT project to soar in value. The project takes a bottom-up approach, with the decisions over how to use the NFTs in the hands of the community. One derivative project, Adventure Gold, has already hit a market cap of $500 million. LOOT (for Adventurers) is the latest […]
Solana Makes New All-Time High As Sell Signal Pops Up
Key Takeaways Solana has made a new all-time high of $146.38. Despite the recent milestone, a spike in profit-taking seems imminent. Selling pressure could push SOL to $117.05 or lower. This news was brought to you by Phemex, our preferred Derivatives Partner. Solana appears to be approaching exhaustion. A Wall Street-class trading indicator shows a […]
Sotheby’s Bored Ape NFT Bundle Could Fetch $18 Million
Key Takeaways Sotheby’s is auctioning NFTs from the Bored Ape Yacht Club series. The 107 tokens that are currently on auction come from a collection owned by the series’ creator, Yuga Labs. The collection is expected to fetch up to $18 million. Sotheby’s has announced an auction featuring a collection of NFTs from the Bored […]
Stellar Token XLM Targets $0.43 After Crucial Breakout
Key Takeaways Stellar looks primed for higher highs after breaking out of a consolidation pattern. Further buying pressure could see XLM rise by nearly 20% and target $0.434. Prices must hold above the $0.357 support level for the bullish outlook to prevail. This news was brought to you by Phemex, our preferred Derivatives Partner. XLM […]
Cardano Sets New High on Smart Contracts Testnet Launch
Key Takeaways Cardano deployed smart contract capability on testnet Thursday. ADA has surged to all-time highs above $3, putting Cardano’s market cap is now $97 billion. The highly anticipated Alonzo hardfork is on track for deployment on Sep. 12. In a Thursday Twitter announcement, Input Output, the development company behind Cardano, revealed the Plutus smart […]
Singapore Central Bank Puts Binance on Alert List
Key Takeaways The Monetary Authority of Singapore has placed Binance.com on its Investor Alert List. The Monetary Authority of Singapore says the global exchange has breached the country’s Payment Services Act. Binance.com can no longer solicit business services in Singapore. This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. Singapore’s central […]
Vitalik Buterin: “Ethereum Depends Less on Me Than Ever”
Key Takeaways In a Thursday AMA on Twitter, Vitalik Buterin answered questions from people he follows, with topics ranging from philosophy and health to online privacy and game theory. Buterin suggested that he regretted having eight co-founders behind Ethereum. He also said that he thinks Ethereum depends less on him than ever before today. In […]
Bitcoin Breaks $50,000 as Institutions Accumulate
Key Takeaways Bitcoin is up nearly 6% in the last 24 hours, breaking through $50,000. Data shows that institutional players and whales have been accumulating BTC. A decisive daily candlestick close above $51,500 could push prices towards $60,000. This news was brought to you by Phemex, our preferred Derivatives Partner. Bitcoin has surged past $50,000 […]
