Monthly Archives: August 2021

Play-to-earn games are the catalyst for this bullish period in the markets

The gaming industry is going through a massive growth phase, and the play-to-earn model opens new opportunities for blockchain gaming. If you’re conversant with the cryptocurrency space and you keep tabs regularly on the happenings going on in the ecosystem, then you felt the excitement during Bitcoin’s (BTC) rally to $63,000 in mid-April. This excitement is currently being caused by the bullish mood crypto enthusiasts and stakeholders are in at the moment. And this bullish sentiment is a result of the gaming niche.  A lot of people […]

More info

US Senator Urges Congress to Stop Treasury From Picking Winners and Losers in Crypto

U.S. Senator Pat Toomey has called on Congress to stop the Treasury Department from maximizing its ability to regulate and tax crypto by picking winners and losers. “Congress should not allow that to happen,” he said. US Senator Urges Lawmakers Not to Crush Crypto Innovation Following the endorsement of a crypto tax amendment by the White House, concerns have been raised that the U.S. government is picking winners and losers in the crypto space. Two crypto tax amendments to the $1 trillion infrastructure bill have been introduced […]

More info

Bitcoin SV rocked by three 51% attacks in as many months

Bitcoin SV has been under the hammer of rogue actors in a series of attempted 51% attacks against the network. Where next for BSV? Bitcoin Satoshi’s Vision, the fork of another Bitcoin (BTC) fork, has for the third time in three months suffered a blockchain reorganization (reorg) attack. With a call to all stakeholders to mark the malicious network branch as invalid, Bitcoin SV (BSV) developers say the attacks have been repelled and all fraudulent chains identified. The flurry of attacks against Bitcoin SV, though reportedly repelled, […]

More info

Treasury Secretary Yellen Privately Lobbies Against Tax Amendment Crypto Industry Wants: Report

U.S. Treasury Secretary Janet Yellen has reportedly raised objections to lawmakers about the cryptocurrency tax amendment to the $1 trillion infrastructure bill that is supported by the crypto community. The White House subsequently announced its support for a competing amendment. Yellen Exerting Influence on Lawmakers Regarding Crypto Taxation The new crypto tax proposal in the $1 trillion infrastructure bill has become a topic of intense controversy over the past week. Two amendments have been put forward so far: one sponsored by Senators Mark Warner, Rob Portman, and […]

More info

Ethereum price soars above $3K into ‘red zone’ triggering sell-off fears

An on-chain indicator, notorious for accurately predicting Ether tops, returns amid the ongoing price rally. Ethereum’s native asset Ether (ETH) crossed above $3,000 in an extended upside rally on Aug. 7, hitting a three-month high. Nevertheless, the cryptocurrency’s incredible move upside also boosted its possibilities of facing a bearish backlash. An on-chain indicator that tracks the total percent of Ethereum addresses in profits predicted the said downside outlook. In detail, the so-called “Ethereum: Percent of Addresses in Profits” indicator by Glassnode reached 96.4% amid the ETH/USD price […]

More info

Crypto social governance will lead to online freedom

The new era of social media platforms must uphold the values of decentralization, democratization and transparency. The saying, “Everything in moderation, including moderation,” has taken on new meaning since Facebook outsourced responsibility for content moderation to its Oversight Board following the violent events that occurred at the United States Capitol back on Jan. 6, 2021. First conceived in November 2018 as Facebook’s “Supreme Court” for public appeals, the social media giant’s Oversight Board was officially enacted on Oct. 22, 2020. In its time since, the Oversight Board has overturned many […]

More info

Uncollateralized Lending Platform Truefi Raises $12.5 Million From A16z, Alameda and Blocktower

Truefi, an uncollateralized loan platform, has raised $12.5 million from three important investors. The token sale was led by Blocktower, a New York-based cryptocurrency investment firm. Other important investors were Alameda Research — owned by Sam Bankman-Fried, founder of FTX — and A16z. Truefi is one of the few uncollateralized defi-based lending protocols in the industry. Truefi Raises $12.5 Million Truefi has raised $12.5 million dollars to expand its operations and its offer of lending products. The investment was made through the purchase of its native token […]

More info

DEXs could see demand boost as regulators target centralized exchanges

From indictments against figures behind BitMEX to banks blocking transactions, and then Binance, some CEXs are under pressure. Is this an industry-wide phenomenon? Over the last 10 years, Bitcoin (BTC) has performed exceptionally well as a store of value and for speculative investment purposes. However, a lot of this can be attributed to its decentralized nature, which could have resulted in regulators and governments worldwide making attempts to shut it down long before it ever took off. Governments are evidently perturbed by the potential impact digital assets […]

More info

What form of digital assets will be the future of payments?

Not all digital assets would be treated as sternly as cryptocurrencies and not all of them will become the future of money. We’re living in a time where digital assets are moving towards mainstream adoption. From retail customers to traditional banks and financial service providers, digital assets are on the rise. Many of these assets promised to disrupt financial markets and large incumbents, and while they have received widespread attention, they haven’t quite achieved their potential. That said, large institutions are taking notice — 86% of the […]

More info

Genesis Report Highlights ‘Emerging Role’ of Ethereum and Defi in Q2 2021

Genesis Digital, a leading cryptocurrency trading, lending, and custody desk, released its Q2 reports, where it confirms what it calls the “emerging role” that Ethereum and defi have in the industry. The report also confirms that institutional interest in crypto is still rising despite the crash in prices the market experienced in Q2 2021. Genesis Confirms Ethereum and Defi Market Rise Genesis, a big cryptocurrency lending and trading desk, has confirmed that emergent currencies like Ethereum and defi tokens have taken a relevant part of the market, […]

More info
1 2 3