Last May, as Dogecoin’s price approached an all-time high of $0.72, the cryptocurrency’s devoted fan base hoped that Dogecoin superfan Elon Musk’s upcoming appearance on “Saturday Night Live” would shoot the joke coin’s value “over the moon.” In the year since, its price has instead cratered back down to Earth. As of this writing, DOGE is currently valued at a…
The CEO of Devere Group, a financial advisory and asset management firm, has predicted a bull run and a significant bounce in the price of bitcoin during the fourth quarter of this year. Devere’s CEO Predicts a Bull Run in Q4 for Bitcoin Financial advisory and asset management firm Devere Group has predicted that the price of bitcoin will bounce…
Huobi, a leading cryptocurrency exchange, has announced the creation of a new investment arm to tackle decentralized finance and Web3 projects. Ivy Blocks, as it was named by the exchange, will focus on finding projects in seed stages to aid them via financing and other supporting services with the objective of making a “better, more inclusive” Web3 ecosystem. Huobi…
As decentralized finance continues its victorious march — although the road is sometimes bumpy — some significant questions on its nature remain. How can DeFi applications be protected from becoming nonoperational under extreme stress? Is it really decentralized if some individuals have way more governance tokens than others? Does the anonymous culture compromise its transparency? A recent report from the…
Ethereum core developers met on Friday and decided to delay the handling of the “difficulty bomb”, a crucial catalyst in Ethereum’s long-anticipated “Merge,” which will migrate the network from a proof-of-work consensus to proof-of-stake. The difficulty bomb was planted in Ethereum’s code in 2015 as a measure to force validators to accept the merge. An implementation of the merge dubbed…
Bitcoin managed to bounce off a critical support and if the higher levels sustain, FTT, XTZ, KCS and HNT could attract buyers. Source: https://cointelegraph.com/news/top-5-cryptocurrencies-to-watch-this-week-btc-ftt-xtz-kcs-hnt
Authorities in the EU are moving closer to a deal on a legislative package tailored to comprehensively regulate the crypto market and related activities in Europe. According a media report, an agreement on the key legislation is likely to be reached as early as this month. Deal on EU Crypto Law Expected by End of June, Sources Say Representatives of…
Outages and safety ratings may break Solana’s bones, but words will never hurt it. And Solana has a sense of humor. The Layer-1 blockchain has jokingly renamed itself Solano on Twitter after Jack Dorsey misspelled the cryptocurrency’s name in a Twitter thread. Dorsey, a noted Bitcoin maximalist, has routinely derided all cryptocurrencies and chains besides Bitcoin as inferior and unreliable.…
Moneygram, a remittance and payments company based in the U.S., has announced the integration of USDC, a dollar-pegged stablecoin, as a settlement asset for its cash to crypto and crypto to cash program. The company will first allow users to exchange USDC for cash and vice versa in certain markets, including Canada, Kenya, the Philippines, and the U.S., with expectations…
Coinbase CEO Brian Armstrong called an online petition anonymously created by his employees “really dumb on multiple levels.” The petition, made public on Friday, calls to remove COO Emilie Choi, Chief Product Officer Surojit Chatterjee and Chief People Officer LJ Brock in a vote of no confidence from the biggest cryptocurrency exchange in the U.S. The petition has since been…
