With bitcoin trading mostly sideways during the weekend, without any major movement, the top cryptocurrency by market cap still fell under the important $40,000 mark. According to analysts’ data, short-term holders continue to be the main driver of bitcoin’s (BTC) volatility. The market price of bitcoin stayed around $44,000 during most of last week, printing…
The Freedom Convoy, Canadian truckers protesting against vaccine mandates and passports by occupying the nation’s capital Ottawa and other important infrastructure, is continuing to constitute a threat to the Canadian government and its mandate policies. Some organizations and individuals in support of the truckers have organized and collected donations to bring financial help to the…
According to a recent CNBC analysis, eight of the highest-ranked politicians in the US or their immediate family have traded crypto over the past year–with bets spanning from $1,000 to $100,000. Altogether seven Republicans disclosed buying or selling crypto, including Senator Pat Toomey of Pennsylvania. Meanwhile, only one Democrat reported a trade–Representative Marie Newman of…
Binance, the world’s largest centralized crypto exchange by trading volume, is removing its name from Binance Smart Chain (BSC), in what appears to be an effort to strike a distance between Binance the exchange and company, and the blockchain ecosystem it created in September 2020. Going forward, the blockchain is named BNB Chain, which suggests…
Last week, Ethereum investment products finally broke a nine-week long streak of outflows, while Bitcoin saw a fourth consecutive week of inflows, according to the latest report by institutional crypto fund manager CoinShares. The report, which analyzes weekly flows into digital asset funds, uncovered the persisting popularity of multi-asset (coin) investment products, which saw a…
Africa-focused startup 3air has announced leaving Cardano to build its internet connectivity platform on the SKALE mainnet. The announcement of moving to the Ethereum based Layer 2 multichain network comes as a slap to Cardano’s scalability, as the market took note of its congestion issues. Shortage of Haskell developers The blockchain-based platform 3air, which aims…
Former ConsenSys Sales and Marketing Leader Ken Timsit will lead Cronos chain and Particle B as the new Managing Director. Cronos runs in parallel to the Crypto.org Chain, and is the first Ethereum-compatible blockchain network built on Cosmos SDK technology. Particle B is a Web3 startup accelerator that focuses on DeFi and Gamefi projects and…
The popular Solana Wormhole bridge has just fallen victim to hackers at an exploit of 80K ETH (212.3 million). According to Etherscan, 80,000 in Wrapped ETH (WETH) was transferred into the hacker’s wallet. This means that large amounts of ETH on the Solana blockchain are now unbacked. Wormhole exploited for 80k eth. Whew. pic.twitter.com/Kssj1PWQA4 —…
On the heels of new partnerships, the Theta ecosystem continues to expand, attracting new video content distributors, creators, and users. Leveraging a next-generation end-to-end infrastructure for decentralized streaming, Theta enables media and entertainment companies to improve video delivery at lower costs, while expanding their reach–boosting views and user engagement through token incentives. Enabling content consumers…
American digital currency prime brokerage Genesis released its Q4 2021 Market Observations Report, which provides detail on the company’s results and market indicators over the past quarter and the whole year of 2021. Per the report, the digital asset market saw strong growth during 2021. This growth highlights major trends across institutional digital asset markets,…