Maker’s (MKR) price has jumped nearly 50% in the last few hours on speculation over replacing Terra’s dominance in DeFi. The DeFi token behind the DAI stablecoin seems to be benefitting from the fall of its competitor Terra’s UST. MakerDAO is has proven to be more stable than Terra thanks to having a more effective
The post Maker Token (MKR) Up Nearly 50% As Rival Terra Crashes appeared first on CoinGape.
Announcing the 2022 Kraken Transparency Report
In an effort to lead the industry in trust and transparency on our mission to accelerate the adoption of cryptocurrency, we are excited to release our 2022 Transparency Report. The 2022 Transparency Report provides a summary of how we protect our clients’ privacy and financial… The post Announcing the 2022 Kraken Transparency Report appeared first on Kraken Blog.
Crypto-friendly bank ends loans backed by mining rigs: Details inside
BankProv will no longer provide loans secured by cryptocurrency mining rigs after writing off $47.9 million in loans. Mining rigs that secured loans have been forced to sell equipment during the several crypto crashes within the past two years. Crypto-friendly bank BankProv has announced that it will no longer provide loans secured by cryptocurrency mining […]
Core Scientific to borrow millions from investment bank after court approval
Core Scientific has received permission from the bankruptcy court to borrow up to $70 million from B. Riley. The new credit facility will replace an existing one that was extended by B. Riley in December 2022. The U.S. Bankruptcy Court for the Southern District of Texas has granted Core Scientific the green light to go […]
Breaking down stats as crypto witnesses 93% YoY decline on exploits
According to research, cryptocurrency hacks caused $8.8 million in damages in January. When compared to the $121.4 million in exploitable losses in January 2022, January’s data indicated a 92.7% drop. In addition to the bullish cryptocurrency market rebound in January 2023, there have been other encouraging industry reports. This included a decrease in exploit-related losses […]
TRON’s [TRX] sideways structure persists amidst upcoming FOMC meeting
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. TRON could continue to trade in a range for the next few hours. TRX’s demand decreased slightly but remained positive. TRON [TRX] continued to trade in a price consolidation range amidst a scheduled FOMC […]
Chainlink [LINK] drops to crucial support zone: Is a price reversal likely?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. LINK dropped to a key demand zone. LINK monthly holders’ profits tanked. Chainlink [LINK] saw a short-term devaluation on 30 January, but a recovery could be likely. LINK plunged by 10%, dropping from $7.518 […]
Bitcoin difficulty hits its highest point in over a year: What should miners expect?
Bitcoin mining difficulty recently reached close to 40.0T. The rise in network difficulty comes as price and hashrate saw a rise. The remarkable ascent of Bitcoin [BTC] has been a topic of critical importance in the broader cryptocurrency community. Not surprisingly, the price increase seen by other coins and tokens followed the king coin’s price […]
Celsius inflated CEL price while former CEO dumped tokens
Investigation into Celsius operation found that customer and investor funds were used to prop up CEL price The report also found that the crypto lending platform was insolvent since its inception A new report published by a court-appointed examiner has shed light on the operations of crypto lender – Celsius – before it declared bankruptcy. […]
Stablecoins face uncertain future in Hong Kong as new regulation reveals…
The Hong Kong Monetary Authority has concluded its discussion paper on crypto-assets and stablecoins. The regulator has clarified that Hong Kong will not permit algorithmic stablecoins. The Hong Kong Monetary Authority (HKMA) has laid out its plans for regulating stablecoin issuers. According to a press release by the regulator earlier today, entities operating stablecoin services […]
Sorare secures NFT licensing deal with English Premier League
Sorare has secured an NFT licensing deal with English Premier League. Sorare will pay £120 million to create and distribute digital sports cards featuring players from the top football clubs. Sorare has inked a deal with English Premier League to create and distribute exclusive digital collectibles. As per the licensing deal, the blockchain-based fantasy gaming […]
Here’s how crypto wallets are detecting scammers, courtesy Coinbase
The most recent cryptocurrency wallet service to roll out transaction previews and blocklists is Coinbase. The bitcoin exchange now stands alongside many other vendors of cryptocurrency wallets. In response to an increase in cryptocurrency thefts, U.S.-based cryptocurrency exchange Coinbase has introduced transaction previews and blocklists. On 30 January, the cryptocurrency exchange stated that it had […]
Bankruptcy court allows bids for BlockFi’s crypto mining equipment
Crypto lender BlockFi has received approval from the bankruptcy court to invite bids for its mining equipment. The deadline to submit bids is 20 February. The U.S. Bankruptcy Court for the District of New Jersey has given the green light to BlockFi to invite bids for its crypto mining business. The approval came a week […]
Crypto attracts more millionaires, according to new study: Details inside
According to research by the deVere Group, 82% of wealthy clientele have thought about investing in digital assets like Bitcoin in 2022. Studies show a rising interest in Bitcoin investments among millionaires. Despite 2018 being a tough year for cryptocurrencies, a new survey by financial advisory firm deVere Group found that 82% of wealthy clients […]
Polkadot: Despite several updates in the past week, why did DOT fail to impress
Polkadot Ecosystem Weekly digest revealed major updates that happened in the network. Performance on the metrics and price fronts was not as promising. Polkadot [DOT] published the latest edition of Polkadot Ecosystem Weekly Digest on 30 January, which highlighted all the notable developments that took place on its ecosystem over the last seven days. 🔹@Polkadot's […]
Polygon on OpenSea reaches a new milestone in terms of volume, but…
Polygon hit NFT milestone as userbase grew. Public sentiment and whale interest fell. Polygon [MATIC] reached yet another new milestone on the NFT market place OpenSea. Data from Dune Analytics showed that the number of Polygon OpenSea users surpassed 1.6 million. Along with that, the weekly volume for Polygon marketplaces observed immense growth over the […]
Is Uniswap [UNI] really overvalued? These metrics can help us answer
UNI token may be overvalued based on the fee-to-market cap ratio. Bot activity on the protocol along with order flow toxicity increased. Based on token terminal data, it was observed that UNI, the native token of Uniswap, was trading at a 16.20x multiple to the annualized fees it generated. Uniswap users were paying around $420 […]
Decoding ‘State of Avalanche Q4’ report for long-term AVAX holders
Avalanche’s daily activity was impacted by native projects. The NFT market underperformed. According to a report provided by Messari, projects on Avalanche observed significant improvements in Q4 of the previous year. These improvements had a significant impact on the daily activity of Avalanche, leading to a rise in overall interest in the protocol. One of […]
Interest in ENS domain names remains low; the reason is quite surprising
Interest in ENS domain names remains at a minimum. The rally in ENS’ price since the year began has put many of its holders in profit. According to data from Dune Analytics, the interest in .eth domain registrations has remained low, with only 53,359 Ethereum Name Service (ENS) registrations recorded thus far in the current […]
Polkadot [DOT] dropped to a key support zone; can bulls prevail?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion DOT was neutral after a sharp drop on the 12-hour chart. A price reversal could happen if demand increases at the crucial support zone. The value of Polkadot [DOT] dropped after Bitcoin [BTC] broke […]
Crypto 101: What is the blockchain trilemma?
Life is full of tradeoffs. Oftentimes, maximizing one outcome can only be achieved by sacrificing another. Sometimes these tradeoffs are not exactly 1:1 tradeoffs, but part of a more complex relationship. What are some examples of a trilemma? Realtors might say: big house, great location,… The post Crypto 101: What is the blockchain trilemma? appeared first on Kraken Blog.