Crypto news

[PRESS RELEASE – Please Read Disclaimer] MEXC Exchange A few days ago, the Polygon Network ecosystem project Dragoma (DMA) experienced abnormal price fluctuations after its listing on MEXC, as it fell sharply from 0.85USDT. MEXC immediately suspended DMA/USDT trading on August 8th due to abnormal on-chain transactions. It is understood that although MEXC announced an emergency plan immediately and closed related trading activities, some users still incurred certain losses due...

[PRESS RELEASE – Please Read Disclaimer] Gala, the successful blockchain gaming and music platform have announced the launch of Gala Film. The new platform continues the brand’s commitment to providing fans with unique opportunities to enrich their experiences with levels of involvement only possible through Web3. The core benefit of Gala Film is its ability to offer a ‘Watch and Earn’ mechanic through the same blockchain technology that underpins Gala Music’s ‘Listen and...

The bitcoin price isn’t doing very well as of late, but this isn’t deterring people from thinking the world’s number one digital currency by market cap won’t make a huge comeback next year. A New Poll Suggests Major Recovery for Bitcoin According to a recent poll, many crypto advocates and traders believe the digital currency could head to the top of the financial ladder in 2023. In fact, many of them believe that the currency could nearly double by the end of 2023,...

The crypto market has seen a flurry of activity over the past few days, and Ethereum was no exception; most of the conversation centered around inflation and the Merge event. At long last, it seems that calmness has prevailed on the market, and everyone is waiting for ETH to reach the crucially important level of $2000. Technical Analysis By Grizzly The Daily Chart Ethereum has recorded an astonishing 16% gain in the past two days as it touched a high of $1930 at the time of...

BlackRock has followed up its Coinbase partnership with its first institutional crypto investment product: a private bitcoin trust that offers direct exposure to spot BTC price action. BlackRock has debuted its first investment product offering direct exposure to bitcoin, according to a statement issued on Thursday (August 12, 2022). The product is a private bitcoin trust for institutional clients based in the US that offers direct exposure to the spot price of the largest...

Ankr is a well-known Web3 infrastructure provider. In a nutshell, the protocol works in the background, but it makes using decentralized applications, wallets, as well as crypto-based games possible by connecting them to the blockchains that they need to communicate with. Known for its continuous support for the BNB Chain by introducing BNB Liquid Staking, as well as building some of its core infrastructures, including their Erigon upgrade, Ankr has now received a strategic...

Omnia Markets, Inc.  – an artificial intelligence platform that offers crypto data and industry market information – is launching a new We Funder campaign to garner support for its new cryptocurrency education tool that will help investors understand the volatility that comes with digital assets. Omnia Markets Wants Educated Investors Many of the world’s biggest virtual currencies, such as bitcoin and Ethereum, will often experience heavy price swings that make the...

Just days after the US Office of Foreign Assets Control (OFAC) barred American citizens from transacting with Tornado Cash, dYdX has revealed blocking accounts that had previously engaged with the coin mixer. To comply with the new sanctions set by the OFAC, dYdX observed a significant increase in accounts flagged by one of its compliance vendors that were subsequently blocked. It cited that a certain portion of the funds in these account wallets had, in some way, interacted...

After two failed attempts to break above the $44 level, Solana is back at it again. Key Support levels: $40, $35  Key Resistance levels: $44, $59 The bulls are seemingly very eager to push the price higher. The cryptocurrency rallied above the $4 key resistance level today but is now falling back down. If the buyers fail to sustain the momentum, then this might result in the third failed attempt at breaking this important level. The key support, meanwhile, is found at $40....

Proponents of the Ethereum fork are gearing up to eliminate the pivotal EIP-1559. An Ethereum miner, which gained allies from many prominent figures and firms in the industry, has now published an open letter to the community. The Twitter account of the proposed chain-split fork – EthereumPoW –  said that the once “almighty” Ethereum Foundation has abandoned “decentralization” as part of its missions as the transition towards proof-of-stake (PoS) neared. Goals In a long...