The multi-chain bridge hub aims to bridge Ethereum and BSC and beyond. Cross-chain asset bridge and application hub ChainSwap has closed a $3 million strategic funding round with participation from some of the biggest names in decentralized finance and the crypto industry. In an April 7 announcement, ChainSwap stated thatContinue Reading
Twelve crypto billionaires have made the Forbes list for 2021, with Sam Bankman-Fried the leader in crypto with a net worth of $8.7 billion. Forbes released their annual billionaires list on April 6, with Amazon overlord Jeff Bezos and his $177 billion topping the list for a fourth consecutive year.Continue Reading
Miners are back in accumulation mode, with 5,000 BTC added to Bitcoin’s unspent supply since the start of February. Bitcoin miners are stashing away their coins for higher prices, with direct transfers from miners to exchanges plummeting nearly 40% since mid-March. Data from on-chain analytics provider Glassnode shows that miners’Continue Reading
Despite apparent sentiment shifts following this week’s price dip, experts are predicting Bitcoin will potentially reach $400,000 eventually. Analytics company Santiment reports that cryptocurrency sentiment has fallen to near-record low levels for 2021 — even as some experts are doubling down on $400,000 Bitcoin’s price target. Sentiment nosedived following Bitcoin’sContinue Reading
“In becoming a key player in the Avalanche ecosystem, we will help drive our common goals, bringing the DeFi industry to new heights,” says AllianceBlock founder and CEO Rachid Ajaja. AllianceBlock, a decentralized layer-2 solution bridging traditional finance and DeFi, has announced major product integration with Avalanche, the up-and-coming “InternetContinue Reading
Peter Thiel has urged the U.S. government to reappraise China’s relationship with Bitcoin from a geopolitical perspective. PayPal co-founder and venture capitalist, Peter Thiel, has warned that the Chinese central government may be supporting Bitcoin as a means to undermine the foreign and monetary policy of the United States. But,Continue Reading
“We think we’re likely to see one in the coming year or two, but we don’t have a firm timeframe as to when the answer would be yes,” said Todd Rosenbluth. According to an analyst at CFRA Research, VanEck, Fidelity Investments, and Valkyrie Digital Assets may not see their BitcoinContinue Reading
The billionaire has proposed using NFTs during Dallas Mavericks games and is a major investor in the marketplace Mintable. Dallas Mavericks owner and Dogecoin proponent Mark Cuban says nonfungible tokens may have the ability to disrupt and even transform industries dealing with digital identity verification and electronic signatures. In anContinue Reading
How does a DeFi aggregator capture value, and what does it mean for the INST token? In a blog post yesterday, decentralized finance (DeFi) management and protocol aggregator platform Instadapp announced the launch of their governance token, INST. While not currently transferable by the average user, the token is setContinue Reading
Retail traders have been using high leverage throughout the current bull market, but that’s not the real reason for today’s marketwide sell-off. After flirting with a $2 trillion market capitalization for the last couple of days, the cryptocurrency market took a 7% hit on April 7, dropping the total cryptoContinue Reading
A government-run token exchange could be on the horizon for the United Arab Emirates At a panel for the World Economic Forum’s Global Technology Governance Summit today, United Arab Emirates minister of economy Abdulla Bin Touq Al Marri said that cryptocurrency and asset tokenization will be key to the country’sContinue Reading
A vulnerability patch left the protocol with only partial functionality, but the price is still holding. Wednesday’s crypto market correction put a heavy burden on the FEI project, the latest attempt at creating an algorithmic stablecoin that would remain stable in the face of market turbulence. Due to the particularContinue Reading
The $138.5 million deal will add an estimated 3.7 EH/s to Riot’s existing and planned mining capacity. Riot Blockchain, a cryptocurrency mining company, has expanded its fleet and mining capacity with a new purchase order for 42,000 S19j Antminers from Bitmain. Megan Brooks, Riot’s COO, said the latest purchase orderContinue Reading
Chicago-based high-frequency trading firm Jump Trading has made an investment in sports fan token platform Chiliz. Blockchain-based sports platform Chiliz has sealed an investment of an undisclosed amount from Chicago-based trading firm Jump Trading LCC. Jump Trading — a proprietary trading firm founded 20 years ago by Chicago futures pits veteransContinue Reading
On-chain data suggests Bitcoin price will likely breakout to a new all-time-high soon, as whales, miners and long-term hodlers turn bullish again. The price of Bitcoin (BTC) has been under severe selling pressure by whales for the past two months as on-chain data reveals. However, five key indicators are suggestingContinue Reading
