Category Archive: Cryptocurrency, No picture
Coinbase Nets $771 Million Profit in Q1 2021
Key Takeaways Coinbase tripled its earnings from the previous quarter in Q1 2021, netting a profit of $771 million. Coinbase CEO Brian Armstrong says that the exchange will list Dogecoin soon. The exchange went public on NASDAQ last month, briefly hitting a valuation of $100 billion. This Exchange News was brought to you by OKCoin, […]
Cardano Courts Tesla as ADA Hits an All-Time High
Key Takeaways The Cardano Foundation is currently soliciting Tesla to accept its native cryptocurrency, ADA. Tesla is seeking out low-energy cryptocurrencies following its suspension of Bitcoin payments yesterday. Despite ADA’s high market ranking, the coin is rarely used in commerce, making it an unlikely choice for Tesla. This news was brought to you by Phemex, […]
Binance Faces Investigation from IRS and DoJ
Key Takeaways Bloomberg reports that Binance is under investigation by the U.S. Department of Justice and the Internal Revenue Service. Neither Binance nor the government agencies carrying out the investigation have confirmed any details. The investigation appears to be focused on Binance’s customers rather than the company itself or its employees. This Exchange News was […]
1inch Network Launches on Polygon
This news was brought to you by ANKR, our preferred DeFi Partner. Polygon lands another massive integration: 1inch Network has launched on the scaling solution. 1inch DEX Launches on Polygon 1inch Network, the popular protocol that aggregates some of DeFi’s most essential projects in one app, has gone live on Polygon. 1/ In the Age […]
Tether Reveals Assets Backing USDT
Key Takeaways Tether’s latest accounting report reveals that the majority of its reserves are composed of liquid assets in the money market and short-term debt securities. The firm held 1.64% of its $41 billion reserves in digital assets as of Mar. 31, 2020. Independent account firm Moore Cayman attested the report as “correctly stated.” This […]
DeFi Staple UMA Launches “Optimistic Oracle”
Key Takeaways UMA has launched a new system that resolves price requests without relying on an oracle for data. The system works “optimistically,” meaning disputes are only raised if the requested data is wrong. UUMA launched as a DeFi platform for synthetic assets but hopes to become a powerful tool for building any kind of […]
Crypto Market Tumbles After Tesla Halts Bitcoin Payments
Key Takeaways Elon Musk has announced that Tesla will no longer accept Bitcoin payments, citing environmental concerns. Tesla will still hold onto its Bitcoin and look for sustainable mining solutions, Musk says. Bitcoin, Ethereum, and various other crypto assets have dipped in response to the news. This news was brought to you by Phemex, our […]
Vitalik Buterin Has Dumped His Unsolicited Doge-Clones
Key Takeaways Ethereum creator Vitalik Buterin has dumped several unsolicited Dogecoin knockoffs that recently arrived in his wallet. Various projects gave their tokens to Buterin in order to “burn” the coins, but Buterin never agreed to participate in the plan. So far, Buterin has given away more than 50 trillion SHIB tokens and donated more […]
Christie’s $17 Million CryptoPunks Sale Sparks Criticism
Key Takeaways Nine CryptoPunks, including a rare Alien Punk, went on sale at Christie’s on Monday, fetching $16.9 million for the lot. Miniature physical versions of the Punks were hidden around the Christie’s gallery ahead of the auction, leading many NFT fans to criticize the gallery’s non-prominent display. The sale, conducted in fiat, was overshadowed […]
Move Over Chainlink, UNI Might Offer a Better Oracle
Key Takeaways UNI tokens could be used to relay a secure price feed for ETH/USD due to Uniswap’s high market cap. A higher market cap means acquiring enough UNI tokens to create an oracle attack would be too expensive for hackers. Vitalik Buterin said Chainlink’s current incentive system is not perfect and Chainlink is better […]
