Crypto news

In his latest blog post, former BitMEX CEO Arthur Hayes broke down how he expects Ethereum traders to react before and after the merge. Based on the technicals of the upgrade, he suspects that Ethereum will rally after a successful transition in September, similarly to how Bitcoin rallies during its periodic halving cycles.  The Theory of Reflexivity In an article titled “ETH-flexive,” Hayes centers his bullish thesis around George Soros’s “theory of reflexivity.” The theory...

Everything rises and falls on leadership, but which of the leaders should be held responsible for the massive dump of the Terra Network? Various cryptocurrency tokens such as SafeMoon have been bearish for the past few days due to the Fed’s increase in interest rate. The Terra Network has been one of the most reliable in the crypto industry for the last year. Should the leadership of the Terra Network be held responsible? Or the Federal Reserve leadership who have raised...

Popular cryptocurrency exchange Bitfinex has announced it will be donating approximately 36 bitcoin units as well as $600,000 in Tether funds to the Central American nation of El Salvador. The company says this is all part of its ongoing efforts to support the nation. El Salvador Is Getting BTC from Bitfinex El Salvador has long been a bitcoin-loving nation. The country was the first to declare bitcoin legal tender in September of last year, claiming it was doing so to...

Ethereum Name Service (ENS) domains skyrocketed in July as the project witnessed the largest monthly rise in revenue. The total number of registrations has surpassed the whopping two million barrier. Ethereum Name Service, most popularly known as ENS, describes itself as a web3-friendly, decentralized protocol that links complex strings of alphanumeric machine-generated characters to human-friendly names. The not-for-profit naming system is powered by the Ethereum blockchain,...

The number of romance scams involving crypto have exploded in recent years. Not long ago, Kevin Sam of Antioch became the latest victim of one such scam, and he’s lost hundreds of thousands of dollars in digital currency funds. Kevin Sam Has Lost a Lot of Money Sam says he met a woman online that he’s not naming at press time. She described her as such: She was very kind. Still to this day, she’s kind of empathetic. He commented that their relationship continued to grow...

The CEO of institutional crypto brokerage firm Genesis Global Trading, Michael Moro, will step down from his leadership position while the company is planning to cut off 20% of its workforce. According to Bloomberg, on Wednesday (August 17, 2022), Genesis announced that Maro will leave his position as CEO, in line with the company’s leadership shuffle. In the meantime, Derar Islim, chief operating officer, will take over as interim CEO, pending a permanent replacement....

Ethereum’s correction continues for the 4th day in a row, hat the excitement about the upcoming Merge in September is beginning to slow down. That said, the mid-term structure of ETH remains somewhat bullish, although bears currently seem to have the upper hand. Technical Analysis By Grizzly The Daily Chart After 74 days, the bulls aspired once again on August 13 to reclaim $2,000 (in red) but were unsuccessful. Bears managed to barrel the price down about 8% from the...

Thomas Peterffy – a brokerage pioneer and billionaire investor – explained in a recent interview that he thinks bitcoin will eventually become worthless given inflation is slated to last for several more years. Thomas Peterffy Says BTC Will Fall to Zero The 77-year-old founder and chairman of the online trading platform Interactive Brokers took note of the fact that inflation in America has reached 9.1 percent, a new all-time high for the most powerful country in the...

Community-driven protocol Antelope has forked and rebranded the EOSIO 2.0 codebase through a coalition of four EOSIO protocol-based blockchains led by the EOS Network Foundation. The coalition, established in January, consists of EOS, Telos, WAX, and UX Network. Each chain will share Antelope’s underlying blockchain codebase while working together to accelerate the development of the core protocol. EOSIO Coalition Unveils Antelope According to a press release shared with...

[PRESS RELEASE – Bucharest, Romania, 17th August 2022] DeFi Yield Protocol (DYP) announced listings on several industry-leading exchanges, including Coinbase, Huobi Global, and MEXC. This is just one of the many developments in the project’s fast-paced evolution, including its upcoming Metaverse platform, where users will get to interact with Cats and Watches Society (CAWS) NFTs. Moreover, DYP took center stage at Deep Forest Fest. During this prestigious music festival,...