Crypto news

As a means of avoiding assistance from the International Monetary Fund (IMF), the Central American nation of El Salvador is looking to sell debt that’s fully backed by bitcoin. The IMF has already asked the country to avoid all bitcoin activity in the future, though El Salvador graciously responded by giving the global organization the finger, claiming on social media that it would never step away from crypto. El Salvador Will Sell Bitcoin-Backed Debt The bitcoin-backed...

About $50 million has been robbed from a Solana-native stablecoin protocol using a ‘fake account’ exploit. This apparently allowed the hacker to mint an unlimited amount of CASH, which the team behind the stablecoin has confessed to. As explained by samczun of Paradigm on Twitter, CashioApp requires users to deposit collateral in order to mint more CASH, its stablecoin token. The cross-program invocation (CPI) transfers tokens from one’s account to the account of the...

One of the perks of blockchain-based technologies and public ledgers is that… well, they are public. This means anyone can tap into the data and receive valuable insights. Large holders have long been touted as entities with sufficient market knowledge and experience and are oftentimes being looked up to. In this article, we take a closer look at the 100 largest Ethereum-based addresses and their holdings. Let’s find out what the whales hold. Top Ethereum Whale Holdings The...

Not long ago, it was reported that the Reserve Bank of India (RBI) was planning to not only regulate cryptocurrency, but it would also be unveiling a digital version of the rupee, the official currency for the nation. While nothing can be said about the regulation, it has been confirmed by the RBI that there are presently no plans to unleash a digital rupee. India Will Not Create a Digital Rupee After All The news was released by Minister of State for Finance Pankaj...

[PRESS RELEASE – California City, United States, 18th March 2022] With liquidity mining and bridge integration in place, FairySwap is ready to go live.FairySwap is announcing a full-featured mainnet launch that includes support for new trading pools, yield farming, and a cross-chain bridge to BNB Chain (formerly Binance Smart Chain). Starting on March 20, UTC 0:00, users will be able to farm FAIRY tokens on the DEX. Specialized Genesis Mining and Fairy Farms To boost initial...

Hector Finance, a decentralized finance utility ecosystem built on the Fantom Opera chain, has introduced the Mythos collection, a collection of ultra-rare and highly valuable NFTs. The Olympian gods are honored in this collection of 16 artworks based on Greek mythology. The collection will have a total of 10,000 animated NFTs, with each artwork including five different rarities. The collection includes 16 works of art, each having five unique rarities. The Hector...

Ethereum price started a fresh increase from the $2,500 support zone against the US Dollar. ETH price is now trading above $2,800 and the 55 simple moving average (4-hours). There is a key rising channel forming with support near $2,900 on the 4-hours chart (data feed from Coinbase). The pair could continue to move down if it fails to stay above the $2,900 support. Ethereum price is consolidating below $3,000 against the US Dollar. ETH/USD eyes more upsides if there is...

Ripple price started a fresh increase above the $0.80 resistance zone against the US dollar. The price is now trading above $0.80 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.8050 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start another increase unless there is a clear move below the $0.8000 support zone. Ripple price is trading in a bullish zone above $0.8000 against...

Yuga Labs – the owners of the two most popular NFT collections – has announced the completion of a $450 million fundraise to develop its NFT metaverse project. This brings the company’s valuation up to $4 billion. News of the raise emerged in a company press release on Tuesday, which revealed a16z as the leader of the funding round. Andreesen Horowitz has become deeply involved with investing in all things web 3 and appears to have followed through on Bored Ape Yacht Club...

The Advertising Standard Authority (ASA) intensified its negative stance against crypto-related companies. It warned such entities not to encourage individuals to purchase digital assets with credit cards or swap their pensions for coins like bitcoin. The ASA’s Latest Warning The British authorities and financial regulators are known for their harsh stance against the cryptocurrency sector. Bank of England’s Governor Andrew Bailey, for example, argued that digital assets...