Once a user identifies a phishing attempt, spreading the word online can assist in the security of everyone’s funds. Many crypto owners fall prey to common crypto theft schemes, including phishing traps. How can the average crypto user identify and avoid these attacks to prevent the potential loss of funds? Know the source Phishing emails are […]
Several Wall Street Experts Believe Bitcoin Could Overtake Gold
Bitcoin has broken the all-time high price peg already this week and is now looking to at least stabilize its price above the $18,500 level. With the asset posting significant gains over the past month, experts are now taking it seriously and could see it become the global reserve currency – displacing gold. Gold’s Days […]
Russian central bank opposes ruble-pegged stablecoins
Russia wants to follow China’s approach of banning private stablecoins pegged to its national fiat currency. Senior officials at the Bank of Russia have come out against the issuance of private stablecoins pegged to the Russian ruble. Sergei Shvetsov, a first deputy governor of the Russian central bank, said that the bank aims to ban […]
Libra rebrands to Diem as it attempts to gain independence from Facebook
Libra Association changes its name to Diem Association The new name contains the Latin word Diem, which stands for “day”. For example, it is used in a popular Latin expression, Carpe diem, meaning “seize the day”, “enjoy the present and stop worrying about the future”. The team pointed out that the new name marks a […]
What Bitcoin’s new record means for Wall Street
Bitcoin’s true believers are taking a victory lap after the cryptocurrency’s fresh all-time high of almost $20,000. “Onward and upward we go to the moon!” tweeted Tyler Winklevoss. “All governments, [financial services] and corporations will soon be mining Bitcoin to guarantee their own supply,” echoed Bitcoin advocate Charlie Shrem. That appears to be true of […]
Ethereum 2.0 Genesis Day date revealed
Seems that Ethereum 2.0 is on the way after all The launch of Ethereum 2.0 is set to take place on December 1 after all, following concerns that the staking threshold required to set up the Beacon Chain, an interim blockchain that will operate alongside the current network, would not be met. Just over a […]
Bitcoin Records Highest Whale Population in History
According to data provided by Glassnode, the number of Bitcoin whales that hold at least 1,000 BTC ($18.9 mln at press time) has reached an all-time high for the first time since 2016. The whale population has once again surpassed 2,000 addresses after the leading cryptocurrency approached its current peak of $19,666. Bitcoin whales have […]
Are there “safe” returns in Defi?
Keeping up with which project is or is not a scam, staking, governance and incentive hunting might not be your thing and perhaps you want something on the more ‘boring’ side of crypto? Is there such a thing? Where would you start to look for the ‘safest’ yield? Anything named after food or claiming ridiculous […]
Ethereum DeFi: This new token surged more than 900% in one week
A new token is riding the decentralized finance (DeFi) wave all the way to the top, gaining an eye-popping 900% in just one week. Yearn Finance DOT (YFDOT) shot up from $13.1 to hit an all-time high at $132. The rise to the top YFDOT is a relative newcomer in the DeFi scene according to […]
Should you invest in Ethereum (ETH) as price breaks $600?
Ethereum price has gained over 8% today to push above the $600 mark for the first time in over 2 years Analysts are wary that the continuous delay in the Ethereum 2.0 launch may hurt its dominance in DeFi The support line around the $500 handle will now act as support while the next target […]
Yearn Finance absorbs Pickle to boost DeFi rewards
DeFi protocol Yearn has taken Pickle onboard to create new vaults and strategies. Decentralized finance protocol Yearn Finance has announced a partnership with Pickle Finance to bolster yield farming incentives, and compensate victims of the recent Pickle exploit that resulted in the loss of almost $20 million in Dai. According to an announcement from Yearn […]
Black Friday set to be a record breaker
New research suggests that Black Friday 2020 could be the busiest ever as online sales continue to soar. Two-thirds of Brits (67%) say they plan to shop on Black Friday this year, up 10% on last year, according to the annual Black Friday survey by Retail Assist. Black Friday takes place on 27 November. The […]
DeFi Rules: Top 10 Ethereum DApps Cross The 1 Million-Mark In Daily Active Users In The Past Month
Top 10 Ethereum DApps collectively record over 1 million active users. DeFi dApps dominate the field, with over 94% of the total active number of users. Gaming and Collectibles also on the rise. According to a report by blockchain analytics platform, DappRadar, the top 10 DApps have crossed the million-mark number of active users over […]
Ethereum Surges Close to $ 600, as the Launch of 2.0 Approaches
Cryptocurrencies have been surging higher this month, as uncertainty in the FX world increased. The $600 level is within reach today Cryptocurrencies have been surging higher this month, as uncertainty in the FX world increased. At the moment, everything is too risky to invest in, so the crypto market is turning into a safe haven […]
A Complete Guide to Cryptocurrency Airdrops
Cryptocurrency airdrops are fast becoming an integral feature in the crypto scene. An increasing number of crypto investors are taking part in airdrops, but there are many others that have so far steered clear. If you’re one of the latter and you want to know more about the concept of crypto airdrops before taking part, […]
What Is DeFi?
DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries. DeFi draws inspiration from blockchain, the technology behind the digital currency bitcoin, which allows several entities to hold a copy of a history of transactions, meaning it isn’t controlled by a […]
This Fractal Suggests Ethereum is About to Enter a Parabolic Growth Phase
Ethereum has been caught in the throes of an intense bull trend throughout the past few days and weeks, which has helped erase its trend of underperformance Where the cryptocurrency trends in the days and weeks ahead will depend largely on Bitcoin and whether or not it can remain stable in the mid-$18,000 region Each […]
Chainalysis raises $100m
Blockchain analysis company Chainalysis has joined the unicorn club thanks to a $100 million Series C funding round led by Addition. Existing investors Accel, Benchmark, and Ribbit joined the round, the proceeds of which will be used by American-based Chainalysis for international expansion. Chainalysis provides data, software, services, and research to government agencies, exchanges, financial […]
Should you invest in Ethereum (ETH) as price breaks $600?
Ethereum price has gained over 8% today to push above the $600 mark for the first time in over 2 years Analysts are wary that the continuous delay in the Ethereum 2.0 launch may hurt its dominance in DeFi The support line around the $500 handle will now act as support while the next target […]
GoDaddy’s Crypto Clients Suffer Security Breach After Social Engineering Operation
Major domain name and web hosting site GoDaddy has become the latest tech firm to fall victim to a social engineering attack. Several crypto services hosted on the platform have seen security breaches, per a KrebsOnSecurity report. Another Problem for GoDaddy The spate of attacks began with cryptocurrency trading platform Liquid on November 13. In […]
Ethereum 2.0 to boost DeFi but delayed launch may set the network back
The launch of Ethereum 2.0 is bound to support DeFi growth, but would it be capable of handling the pace at which DeFi is growing? Ultimately, the eventual launch of Ethereum 2.0 will have an effect on the decentralized finance market. In 2020, the DeFi sector has grown significantly but has already experienced a slight […]
Yearn.Finance founder Andre Cronje introduces new DeFi protocol ‘Deriswap’
Andre Cronje, the founder of the popular decentralized finance (DeFi) protocol Yearn.Finance, has introduced a new project. Dubbed Deriswap, Cronje’s new protocol combines different segments of DeFi — swaps, options, and loans – into one platform. “Deriswap allows for a consolidated, capital efficient market for trading, Options, Futures, and Loans, allowing LPs [liquidity providers] to […]
China’s Crypto Miners Struggle to Pay Power Bills as Regulators Clamp Down on OTC Desks
As Chinese authorities make it harder than ever to exchange cryptocurrency into fiat, miners may be forced to move to other jurisdictions, local sources say. Арте́льный горшо́к гу́ще кипи́т.With a helper a thousand things are possible.Russian proverb On Monday, crypto industry blogger Colin Wu tweeted that miners in China have been struggling to pay for […]
New Crypto Payment Services Launch, Bitcoin ATM Firm Asserts Patent Rights
Late last week, BitPay, a major cryptocurrency payment provider, announced the introduction of BitPay Send, a new mass payout service that enables organizations to pay employees, affiliates, customers, vendors, contractors and others with cryptocurrency. According to a press release, for a 1 percent fee, payments can be made 24/7, anywhere around the world. Recipients can […]
Privacy coins no more? CipherTrace files patents for tracing Monero transactions
The firm claims it will be able to identify XMR used for illicit purposes to support criminal investigations. Crypto analytics firm CipherTrace announced on Friday that it had filed two patents for technology capable of tracing transactions for privacy coin Monero. In a Nov. 20 blog from CipherTrace, the firm stated that the patents would […]
Strong fundamentals behind Ethereum support parabolic advance to $1,000
Ethereum price is preparing to advance further as the fundamentals behind it have yet to be realized. The technicals also support a long term bullish outlook. Meanwhile, the network has seen a spike in activity as reflected on the rising gas fees. It appears that Ethereum price is set for a significant rally as the […]
Japanese firms to promote common infrastructure for cashless payments
More than 30 major companies in Japan will launch verification tests on a possible private digital currency from fiscal 2021 starting next April, a group aimed at promoting common infrastructure for interoperable cashless payment services said. 七転び八起き If at first you don’t succeed try, try again <Japanese proverb> The lack of interoperability between different cashless […]
Ethereum Funding Rates Flip Neutral as Rally Kicks Off; Next Stop $710?
Ethereum has been flashing some immense signs of strength throughout the past few days, with it starting to gain ground against Bitcoin Much of this strength came about following the cryptocurrency’s push past $500 earlier this week In the time since, it has been growing strong and is now positioned to make a move higher […]
Largest Crypto Fund Manager Says Clients See Bitcoin as Inflation Hedge
Bitcoin’s ongoing price rally is nearing its all-time high, making it the center of attention just like 2017 where most of the mainstream media houses have started to take note of the king coin’s price movement. While the price movement and attention might be quite similar to 2017, a lot has changed about the top […]
This Token EXPLODED 107% in 24 hours! Why buying it today has a MIND-BLOWING potential
The search for the next “Bitcoin” never ceases to stop among cryptocurrency entrepreneurs. They delve themselves into reading about new tech and innovations in the crypto realm. Wanting a “get rich quick” coin is never a bad thing, but it is the duty of the buyer to do a full background check, assess his downside […]