“The load on our systems are way too much,” said CEO Nischal Shetty. Major Indian crypto exchange WazirX experienced disruptions caused by system failures for more than four hours Sunday. In a tweet at 5:24 PM UTC, WazirX CEO Nischal Shetty reported that the crypto exchange had “hit some internalContinue Reading
“Is d-o-g-g similar to d-o-g-e?” asked Snoop. Dogecoin (DOGE) proponent and media personality Snoop Dogg has said he hopes to release his own cryptocurrency in the future. In a Vanity Fair interview released on Friday, Snoop said his recent non-fungible token, or NFT, offering through Crypto.com will likely not beContinue Reading
“I have nothing to do with the platform,” said Lee Hsien Loong. “It is misleading and done without my permission.” Lee Hsien Loong, Prime Minister of Singapore, claims someone set up a profile on the social token platform BitClout to sell tokens using the information from his Twitter account. InContinue Reading
The funds, which are equivalent to roughly $1.3 billion, will be used to bootstrap the Fei decentralized stablecoin. Fei Labs concluded a successful genesis launch of its Fei stablecoin on Saturday, raising nearly $1.3 billion in Ethereum (ETH) from over 17,000 contributors, highlighting once again the market’s growing appetite forContinue Reading
Here are the events that marked the past year in the Venezuelan crypto space and the opinions of those who experienced them from the inside. In the year since the COVID-19 pandemic first disrupted almost every aspect of our lives, many things have happened within the crypto ecosystem around theContinue Reading
Is a surging premium in South Korea a top signal or a sign that the Bitcoin rally is only getting started? The price of Bitcoin (BTC) is continuing to range between $56,000 and $60,000, as the so-called “Kimchi premium” is surging to yearly highs. Kimchi premium forms when Bitcoin isContinue Reading
Litecoin Rebrands to Bitcoin Lite On April Fools’ Day, Litecoin rebranded itself as “Bitcoin Lite.” The joke was a thorough effort, with a completely revamped website and Twitter account. Though the change was a joke, it contained a bit of truth: Litecoin really is based on Bitcoin’s code. The project’sContinue Reading
A new report from the World Economic Forum shows that the gender gap will take 135.6 years to close due to the COVID-19 pandemic. The COVID-19 pandemic has impacted people across the world, yet a new report from the World Economic Forum suggests that women have been one of theContinue Reading
While legacy finance is losing the people’s trust, decentralized finance is becoming the fair and deserved future of money. To function effectively, society has long depended on people having faith in their institutions. Thanks to the COVID-19 pandemic and wide-ranging failures of leadership, that faith has been tested like neverContinue Reading
Prices are plummeting, and some holders might not even know it If prices plummet in an illiquid market, how soon before anyone notices? While fungible tokens traded on centralized and decentralized exchanges have significant transparency regarding price movements, nonfungible tokens can be harder to track. Because of their illiquid nature,Continue Reading
Winner of landmark auction breaks down his investment thesis on NFTs. Nonfungible tokens are “ten times better than their physical counterparts”, according to digital art collector MetaKovan. The pseudonymous art patron, who was recently revealed to be blockchain entrepreneur Vingaresh Sundaresan, bought the NFT of Beeple’s “EVERYDAYS: THE FIRST 5000Continue Reading
Leaked information includes ‘Phone number, Facebook ID, Full name, Location, Past Location, Birthdate, (Sometimes) Email Address, Account Creation Date, Relationship Status, Bio.’ According to a security analyst, sensitive personal information for over half a billion Facebook users was leaked on a well-trafficked hacking forum earlier today — a potential riskContinue Reading
Shopify’s CEO seems to have caught the crypto bug, and it could be a boon for adoption. Crypto’s march towards mainstream adoption takes another significant step forward as the CEO of an e-commerce giant is publicly pondering how to integrate his company with the decentralized finance (DeFi) ecosystem. On FridayContinue Reading
As more and more individuals will seek to create and invest in NFTs, here is what you should know about them. Nonfungible tokens appear to be an idea whose time has come. Originally developed for use with collectible trading-card games, NFTs can represent almost any unique asset. Outside of theContinue Reading
U.S. dollar weakness is painting a bullish short term outlook for Bitcoin in April. The U.S. dollar is starting to weaken once again as sellers are pushing the U.S. Dollar Index (DXY) downward, which could strengthen the momentum of Bitcoin (BTC) in the near term. Alternative assets like Bitcoin andContinue Reading