Crypto.com raised a few eyebrows this past week when it announced cryptocurrency users worldwide could reach 1 billion by the end of 2022. The timing was curious, given that Bitcoin (BTC) and many other cryptos are entwined in one of the largest drawdowns in their (albeit short) history and with the prospect of United States Federal Reserve interest-rate tightening edging…
Let’s be blunt: Being in a bear market sucks profoundly as a crypto trader. Most strategies that work when everything is green lead to losses. Growing the value of a portfolio takes twice as much work for half as much progress. The uncertainty over how long the market will remain down is exhausting. During these times, making use of every…
sponsored CoinFLEX, a leading derivatives exchange and yield platform, has announced the second iteration of their innovative AMM+ (Automated Market Maker) platform—making the yield-earning product more accessible to everyday investors. AMM+: Leveling up the AMM model on a CeFi platform AMM+ Statistics The revamped AMM+ page now offers users a statistical summary they can easily reference to access relevant information…
The recently elected government of Bulgaria has found itself in the position of answering questions about the fate of billions of dollars’ worth of cryptocurrency reportedly confiscated by the country’s law enforcement five years ago. Meanwhile, the new finance minister has revealed that authorities in Sofia are now exploring options to implement a crypto payment mechanism. Finance Ministry of Bulgaria…
Astar, a multichain DApp protocol formerly known as Plasm, has raised $22 million in its latest strategic fundraise. The funding round was led by Polychain and saw participation from the likes of Alameda Research, Crypto.com Capital, Digital Finance Group and a few other angel investors. Astar rose to popularity after gaining the Polkadot parachain slot last December and the protocol…
An exploit in decentralized finance (DeFi) protocol Qubit Finance enabled one hacker to walk away with $80 million in stolen crypto yesterday. The specific smart contract flaw that enabled the attack was located in X-Bridge, a cross-chain bridge that facilitates easy token swaps between Ethereum and Binance Smart Chain. This flaw enabled the attacker to input malicious data without depositing…
Blockchain, cryptocurrency and decentralized technology are all fascinating topics that have been heating up for almost a decade. Nowadays, everyone wants to be part of cutting-edge innovations. A Thursday announcement by Yolande Piazza, Google Cloud’s VP Financial Services, said the firm has established a Google Cloud digital assets team that will assist clients in creating, trading, storing value and launching new…
Nvidia has long been at the center of a battle between the gaming community and crypto miners that’s sent the price of its graphics cards soaring. Since last year, the company has taken the side of gamers, arguably its more lucrative market. Nvidia announced in May 2021 that it would be throttling the hash power for its line of RTX…
Asset management company Fidelity has filed for two more exchange-traded funds (ETFs), according to Securities and Exchange Commission (SEC) documents. The two ETFs are the Fidelity Metaverse ETF and the Fidelity Crypto Industry and Digital Payments ETF. Fidelity’s Metaverse ETF seeks to provide investment returns corresponding to companies that develop and sell products related to the metaverse, tracked by the…
It is not too late for Bitcoin (BTC) to reclaim its bullish bias as it halfway paints an indecisive ‘Doji’ candle on the weekly chart. In detail, Bitcoin’s price correction this week to below $33,000 had it form a lower wick, suggesting that bulls bought the dip. A sharp retracement ensued and took BTC price to as high as $38,960…
