Michael Saylor revealed that MicroStrategy bought an additional 301 $BTCs worth $6 million. Crypto lending platform Maple Finance introduces a 300M lending pool for BTC mining companies. The surged demand & accessibility to BTC-associated services might enhance its value. The latest BTC news had MicroStrategy buying 301 BTCs, and the cryptocurrency lending site Maple Finance…
Avalanche Labs CEO Emin Gun Sirer revealed a notable announcement on September 14. A leading investment company KKR collaborated with Avalanche (AVAX) with $417B in AUM (Assets under management). The primary goal remains to tokenize the fund’s exposure. Avalanche can progress with tokenization with the helping hand from Securitize, a fintech firm. Moreover, the CEO…
Binance plans to auto-convert contending stablecoins USDC, TUSD, USDP, and incoming stablecoin deposits into BUSD. Also, the exchange will remove USDC pairs from September 26. The leading exchange stated that the auto-conversion functionality is for capital efficiency and liquidity. The world’s leading crypto exchange by volume, Binance, revealed plans to auto-convert user USDC and other…
After days of visiting the bottom of the cryptocurrency charts and markets, the canine meme token DOGE has made a rebound. The world’s largest meme token, DOGE, has just been listed among the most traded tokens in the cryptocurrency markets. Investors, whales’ action is also increasing on the token network. DOGE Makes TOP 10 Trading…
Following the US Fed Chair speech yesterday, the crypto market cap dipped below $1 trillion. After trading in a straight line for a while, Bitcoin finally dropped below the $21,000 mark recording a 6-week low below $20,000. All altcoins are trading in the red zone with ETH below $1,500. AVAX, ADA, and SOL Ave dipped…
The upcoming merge upgrade transition on the Ethereum blockchain network seems to be gathering the attention of the cryptocurrency markets. The proof-of-work to proof-of-stake consensus protocol transition is slated to happen in September. However, the process for the transition would kick off in August, possibly from 11th to 16th, when the Goerli merge will take…
The newly launched Polygon play-to-earn cryptocurrency project, Dragoma, has been allegedly rug pulled just a few days after launching. This announcement was made by a high-profile blockchain security company, PeckShield, via its verified Twitter handle. Dragoma Investors Lost Over $1 Million To Rug Pull Crypto enthusiasts have again fallen victims of rug pull via Web3…
Following the reclamation in the cryptocurrency markets in the outgone month, July, cryptocurrencies are embarking on a bullish trend movement. Ethereum Gathering Momentum For A Strong Rebound The leading cryptocurrency by market options, Ethereum, has been predicted to be gathering momentum for a strong rebound in the markets. Ethereum charts and analysis have shown a…
As the market had anticipated, the Federal Reserve announced a 75 bps interest rate increase. Though some think it might not work. The announcement was made at the meeting of the FOMC on Wednesday. The Seriousness of the Current Inflation It became the largest rate increase by the Feds since 2019. It shows how serious…
Every transaction (buying, selling, transferring) on a cryptocurrency network includes execution fees. However, the gas fee charged on each cryptocurrency differs; some may be higher or lower. Giant cryptocurrency ETH is one of the cryptocurrencies with the highest gas fee charges. This high fee charge is owing to the high transactions and activities on its…
During the past few days, ETH has maintained its $1,450 support level, fluctuating around the price area. However, the coin may exceed $1.7k if it breaks the $1.6k barrier level. The coin down surged to almost $1,450 support area before the trendline went bullish again. ETH Market Action/Price High Support ETH is currently trading at…
Despite the predictions of bear in the cryptocurrency/ETH market, it seems some investors see a bull run soon. The cryptocurrency market as a whole has been moving in a downtrend for the past few months. Extreme fear, uncertainty, and doubt have been very high in the marketplace. Although, there was a bull rally on the…
