Dmitry Buterin is a self-made millionaire who fathered a billionaire who created a cryptocurrency that’s on its way to becoming a trillion-dollar asset. Suffice to say the possibility that Buterin would found three multi-million dollar businesses and retire in his 40s was beyond his wildest imaginings growing up in Grozny, Chechnya in the former Soviet Union during the 1970s. “Of…
DeFi trading platform Injective Protocol is kicking off its mainnet launch today with a bang. The platform followed the launch with the rollout of a $120 million incentives program. Built using Cosmos, Injective Protocol is attempting to become DeFi’s Swiss army knife of decentralized trading platforms by offering a suite of different financial instruments. According to marketing materials, tradable assets would…
The third Bitcoin Futures exchange-traded fund (ETF) in the U.S. has gone live on the CBOE under the ticker XBTF. VanEck’s Bitcoin Strategy ETF, which aims to track the value of Bitcoin futures, comes after the successful debut of ProShares Bitcoin Strategy ETF and Valkyrie’s ETF. VanEck’s Bitcoin-linked ETF does not hold actual Bitcoin, but rather invests in derivative products…
beginner The crypto market is extremely volatile, and cryptocurrencies that make it big can become shitcoins not a week later. However, some of those crypto coins and tokens manage to stay on top. Crypto investors are always on the lookout for surging cryptocurrencies, regardless of where those digital assets end up after their trip to the moon. Whether you want…
A selloff in Ether (ETH) on Nov. 16 has increased the chances of ETH’s price falling below $4,000. ETH plunged 10% to around $4,100 on Tuesday, amid an ongoing market correction led by Bitcoin (BTC). In doing so, Ether dropped below its fourth-quarter upward trendline support. ETH/USD daily price chart. Source: TradingView ETH/USD also tested its 50-day exponential moving average…
On Monday, Twitter’s Chief Financial Officer Ned Segal said that investing in crypto “doesn’t make sense right now” due to extreme market volatility and the industry’s lack of accounting rules, according to a report in the Wall Street Journal, Segal noted that in order for Twitter to invest in crypto, the social media giant would have to change its current…
beginner Changelly welcomes the VIDT token, which from now on will be available on the platform. Users can quickly and easily exchange VIDT tokens at floating rates. VIDT Datalink is a hybrid blockchain validation and NFT creation platform, which is already in use by numerous integrators. VIDT aims to secure authenticity through data integrity, thereby providing the fundamental checks needed…
Indian Prime Minister Narendra Modi has reportedly chaired a comprehensive meeting on cryptocurrency and related issues in India. The meeting was an outcome of a consultative process involving the central bank, the Reserve Bank of India (RBI), the Ministry of Finance, and the Home Ministry. PM Modi Chairs Crypto Meeting India’s Prime Minister Narendra Modi reportedly chaired a very comprehensive…
The Hedera Governing Council has accepted cloud-based digital workflow platform ServiceNow as its newest member. Hedera intends to integrate the Now Platform to create a new level of trust and accountability in digital transformation transactions. Hedera and ServiceNow will develop trusted processes based on digital ledger technology, or DLT, for interactions that span multiple companies, according to the company’s press…
The crypto market is again a sea of red, with Bitcoin plunging to a low of $59,483 at press time, according to CoinGecko. This marks a 9.7% drop in the leading cryptocurrency. According to data provided by Coinglass, $807.78 million worth of longs has been liquidated in the last 24 hours. Bitcoin liquidations make up more than 30% of that…
