Is DeFi a mousetrap for retail investors? On September 2, the revenue of Ethereum (ETH) miners reached an all-time high of 51,541 ETH. While this may be good for the miners, it could turn popular DeFi projects into a mousetrap. Ethereum miner revenue, percent from fees and total gas used. Source: Glassnode. When denominated in […]
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Will there be a flipplining in transaction volume? The gap between Ether & Bitcoin’s on-chain transactions has reached an all-time low. The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, suggest that Ether is poised for gains. The amount of Ethereum transacted on the blockchain daily has grown from an average of 3.85 […]
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He then proceeded to beg crypto traders to switch to the stock market instead. “I’m begging my crypto friends to get involved in the stock market,” Portnoy, also known as Davey Day Trader, said in a Sept. 2 tweet. “Bitcoin is stuck in the mud,” he explained, adding: “Let me lead you. We will get […]
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As the tech standoff heats up, China launching a CBDC before the U.S. “absolutely does not guarantee global financial preeminence.” Two nations, two visions of the financial future: “The tech cold war is here — and the US isn’t winning,” wrote Ripple co-founder Chris Larsen in an opinion piece for The Hill recently. According to […]
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Bitcoin’s recent correction below $10,500 raises the possibility of a CME gap fill in the $9,900-$9,600 region. The fact that Bitcoin (BTC) price was unable to break through the resistance level at $12,000 meant a retracement was imminent. However, the fast pace of the current retrace was not expected by the markets and has surprised […]
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Bithumb legal issues do not stop in South Korea. A judge in the Seoul Central District Court dismissed two claims filed by individuals against the controversial crypto exchange, Bithumb. The individuals were seeking $126,000 and $38,000 respectively for damages related to a data breach incident back in 2017. According to Fn News, plaintiffs Hong and […]
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Gamers will see previews of games being played live before purchase and can earn rewards to spend in the Ultra ecosystem for sharing streams. Blockchain-powered gaming platform Ultra announced Sep. 3 that it will integrate Theta Network’s live streaming technology as part of its user experience. The service will allow users to see games in […]
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Limited supply and increasing demand are pushing Bitcoin into becoming digital gold. In September’s crypto outlook newsletter, Bloomberg’s analyst Mike McGlone observed that the price of Bitcoin (BTC) could either be heading to the $500,000 mark, or it could fail. McGlone has continued to reiterate that in his view, Bitcoin is set to become digital […]
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A less scrupulous figurehead would probably have said yes. Amid skyrocketing prices in decentralized finance, also known as DeFi — a current hyped niche of crypto — one project offered half a million dollars as payment for media visibility. An unnamed DeFi project contacted trader and YouTuber Tone Vays, offering $500,000 for advertisement, Vays detailed […]
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The U.S. will likely continue enacting laws to support the use of blockchain technology for purposes beyond securities and digital currency. The current state of blockchain innovation in the United States is a tale of two asset classes. On one hand, the Securities and Exchange Commission’s reluctance to embrace or endorse blockchain-based securities has ground […]
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