Dogecoin’s (DOGE) massive rally to $0.45 propelled it to a market capitalization of over $54 billion to make it the fifth most valuable cryptocurrency by market cap. This lofty market cap comes as a surprise to many since the project has no active developers and is only a meme coin, thus the current rally brings back
The appetite for DeFi is rising again as blue chips are rallying and yield-earning strategy-sharing platforms, like Enso, are on the rise. Enso, a platform where users can share yield-earning strategies, raised $5 million on April 13 from top U.S. venture capital firms including Polychain Capital and Multicoin Capital. Synthetix (SNX) founder Kain Warwick, Aave
Shortly after a Friday morning “diktat” from Turkey’s freshly-appointed central bank governor that effectively banned any and all use of cryptocurrency in the country, Bitcoin now appears caught in a partisan dustup as a Turkish opposition party leader has voiced support for the digital currency. As reported by Cointelegraph, Turkey’s central bank announced this morning
Ether (ETH) paved the way for lower transaction costs with the Berlin upgrade on April 15. However, traders already know that the Ethereum Improvement Proposal 1559 is the most anticipated and controversial change scheduled for the upcoming London hard fork. The EIP introduces a base fee that will be burned when a transaction occurs, while
Cryptocurrency mining rig manufacturer Bitmain announced the pending release of a new Ether (ETH) miner on April 16. The Antminer E9 model is an application-specific integrated circuit chip, which will run on the Ethereum blockchain’s Ethash algorithm. No official release date has yet been announced for the E9, however, the machine’s arrival may not be
Digital currency markets have seen some slight losses on Friday morning, as a great number of cryptocurrencies saw significant gains the day prior. Bitcoin dropped to a low of $60,042 during the early morning trading sessions shedding 3% during the last 24 hours. Crypto Markets Shed Some Value After Heating Up the Day Prior Bitcoin
Three exchange-traded funds, or ETFs, offered by Cathie Wood’s Ark Invest, including the flagship Ark Innovation ETF, all added further shares in Coinbase Global Inc. (COIN) to their positions on Thursday, April 15. According to a report from Reuters, the Ark Innovation ETF, Ark Next Generation Internet ETF, and Ark Fintech Innovation ETF purchased a
Dogecoin’s (DOGE) dramatic surge up the market capitalization rankings coincided with the reawakening of DOGE whales, as the blockchain’s metrics surged to new heights in the past 24 hours. Over $12 billion worth of DOGE was transferred across the blockchain in the past day, according to data from BitInfoCharts. To put that number into context,
XRP, the Ripple blockchain’s native token, is up more than 600 percent in 2021 even though it remains in a tense court battle with the US Securities and Exchange Commission over its legal status. The world’s fourth-largest cryptocurrency by market cap now, XRP has continued its climb, entering the second quarter. According to data provided
Massachusetts’ securities regulator is seeking to revoke the broker-dealer license of cryptocurrency-friendly stock trading app Robinhood in the state. William Galvin, the head of the state’s securities division, said in a new administrative complaint that Robinhood has “continued a pattern of aggressively inducing and enticing trading among its customers — including Massachusetts customers with little
Bitcoin (BTC) investors in Canada have two more outlets for BTC exposure this week — and can now even bet on a price crash. In a press release on April 14, Horizons ETFs Management confirmed that its two new exchange-traded funds (ETFs) would start trading on the Toronto stock exchange Thursday. Horizons: Bitcoin has “polarizing views”
The past week has been busier than usual for the NFT ecosystem. Rap stars Jeezy and Riff Raff entered the NFT realm, Hoard introduced its lending platform for NFT-collateralized crypto loans, The Topps Company is dropping its Series 1 Baseball collectibles, super-quarterback Tom Brady is launching his own NFT initiative, Terra Virtua is releasing a
Business TV personality and converted Bitcoin proponent Jim Cramer has sold half of what he calls his “phoney money” Bitcoin portfolio to pay off his mortgage. .@jimcramer discloses that he bought a lot of bitcoin when it was around $12K. He says he sold half of it to pay off his mortgage yesterday. “It was
Crypto asset lending platform, Celsius Network, has revealed an email server breach that resulted in malicious phishing links being sent to customers. An April 15 announcement notes that some of Celsius’ customers have been receiving emails and SMS messages directing them to a malicious website impersonating the Celsius platform. The messages claim the link would
Issues with Ethereum congestion and high fees have led to many companies adopting layer-one solutions like Optimistic Rollups, OMG Network and many others. These platforms allow transactions to be created outside of the Ethereum network on what are known as “sidechains,” which then can be reconciled on the main Ethereum network in one simple transaction.
Stablecoins have become a significant foundational piece for the cryptocurrency sector because they serve as a deeply liquid base pair for most assets and also offer investors a secure place to capture gains. Data also shows that stablecoins play a significant role in functioning as a gateway for capital inflow to the crypto ecosystem. While