High commissions in the Ethereum cryptocurrency network are breaking all records. In 2021, the average commission exceeded the $20 mark and continues to grow. This is due to the hype around Ethereum-based decentralized finance (DeFi) tokens that slows down the work of the blockchain. However, there is one project called MATIC that offers a Layer 2 solution to increase the…
American politicians have been clamoring about the U.S. facing a significant debt crisis and the debt ceiling putting the country at risk of default. Joe Biden spoke about the debt ceiling and told Republicans to “just get out of the way” when it comes to the decision. Meanwhile, a number of U.S. bureaucrats are floating the idea of minting a…
Bitcoin has surged above the overhead resistance and that has pulled several altcoins higher. Source link
Changelly continues to build on the family of over 200 cryptocurrencies available on the platform, announcing the addition of another token — AGLD. From now on, users can effortlessly exchange AGLD tokens at floating rates. Adventure Gold (AGLD) is the native ERC-20 token of the Loot non-fungible token (NFT) project. Loot is randomized adventurer gear, generated and stored on-chain. The…
Bitcoin’s (BTC) meteoric rise above $50,000 this week is likely to continue well into the fourth quarter, as the psychological resistance flips to support during the next leg of the bull market, according to Bloomberg’s senior commodity strategist Mike McGlone.On Tuesday, McGlone circulated the October 2021 edition of the Bloomberg Galaxy Crypto Index, which provided an overview of where digital…
Walt Disney, Fox Corporation, and JP Morgan are among a list of 20 publicly traded U.S. companies with some level of exposure to crypto and digital assets, based on data by Bank of America, or BofA.According to a BofA report published on Monday, companies like Morgan Stanley, Signature Bank, and Warner Music Group also have some exposure to digital assets.In…
SEC Chairman Gary Gensler says that the SEC has no plan to ban cryptocurrencies as China has done. He noted that it would be up to Congress to make such a decision. Recently, Federal Reserve Chairman Jerome Powell similarly said that the Fed had no intention to ban or limit the use of cryptocurrencies. SEC Won’t Ban Cryptocurrencies The chairman…
Dapper Labs targeting DAO’s with Brud acquisitionDapper Labs, the $7.5 billion team responsible for NBA Top Shot and Flow Blockchain, acquired virtual influencer start-up Brud this week. In the Monday announcement, CEO Trevor McFedries announced a new initiative titled Dapper Collective which will aim to support communities in building decentralized autonomous organization, or DAO, through Flow blockchain.Brud is infamous for…
A coordinated strike involving Europol, Interpol, and the U.S. Federal Bureau of Investigation (FBI) has led to the arrest of two “prolific” ransomware operators allegedly responsible for ransom demands of up to 70 million euros. In addition, $1.3 million in cryptocurrencies were seized. Ransomware Operators Arrested, Crypto Seized The International Criminal Police Organization (Interpol) announced Monday: Two prolific ransomware operators…
Bitcoin (BTC) surged even higher on Oct. 6 as its spot price saw a sudden surge upward to over $55,000, its highest since May 12.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBitcoin fully cancels out China mining routData from Cointelegraph Markets Pro and TradingView shows BTC/USD hurtling to $55,500 on Oct. 6.The level beats a previous line in the sand for bulls…
