Crypto news

Cardano, the third-largest cryptocurrency by market capitalization, has been gathering momentum in anticipation of its smart contracts mainnet upgrade. The Cardano team announced in September 2021 that the smart contract functionality was made available on its Alonzo testnet, while its mainnet is expected to be deployed by September 12.. However, the feature has been under criticism by some in the cryptocurrency industry due to a concurrency issue. But there are some, like...

Celebrity and reality star Kim Kardashian is taking some guff from the U.K. Financial Conduct Authority (FCA) for a recent Instagram post involving cryptocurrency. Kim Kardashian and the FCA Go Head to Head The post discussed a new crypto asset known as Ethereum Max, and Kardashian is getting the stink eye after asking all her followers to consider joining the “Ethereum Max Community.” Charles Randell – head of the FCA – stated in an interview that this could have been...

Legendary investor Mark Mobius doesn’t think much of bitcoin. He also doesn’t think much of El Salvador’s decision to make bitcoin legal tender. In a fiery new interview, he says that the Central American country is likely to stand on its own in this department, and he doesn’t see other countries following suit when it comes to digital currency. Mark Mobius on El Salvador’s BTC Decisions El Salvador first declared in June that it was going to make bitcoin legal tender....

Cryptocurrency is getting a lot of coverage in the news lately, but many people don’t understand its purpose or how it works. You have likely seen an advertisement for Coinbase, an app where you earn crypto by learning about it. Or maybe your friends have talked about the earning potential of Bitcoin, LiteCoin, Ethereum, DogeCoin, or any other digital currency. Like many, you might wonder if you’re missing out. Bitcoin, and other cryptos, aren’t a get-rich-quick scheme...

In another step towards cryptocurrency adoption, Mastercard now plans to acquire CipherTrace– a crypto and blockchain intelligence company aimed at providing anti-money laundering and fraud protection solutions to the digital asset space. How CipherTrace Helps Mastercard The acquisition will help Mastercard provide transparency to their clients regarding payment and investment across the cryptocurrency industry. This not only helps customers to understand their risks when...

DeFi Land, a multi-chain agriculture simulation web game created to gamify decentralized finance, has just completed its Series A funding round, acquiring about $4.1 million from industry investors. The project said in an official press release seen by CryptoPotato that it intends to use the fresh capital to scale its platform and services on the Solana blockchain. The team is working towards bringing DeFi to a mainstream audience by building a solution that aggregates across...

Bitcoin is officially legal tender in El Salvador. The Central American country has been claiming for some time that it was going to declare the world’s number one digital currency by market cap the equivalent of the U.S. dollar and now that step has been taken, but unfortunately, the transition is proving to be somewhat turbulent as the nation’s regulators didn’t foresee all that could occur ahead of time. El Salvador Is Having a Rough Transition Let’s start with the...

After the nearly 20% plunge in BTC price, the cryptocurrency spent the next day consolidating and retesting the critical 200-day moving average at $46k. BTC managed to hold the level for the daily close, a positive signal. Near term, it is important to continue holding $46k, complete long liquidations, and start a recovery to reclaim $47.2, the bottom of the green zone. Strong Hands Holding Older Coins Did Not Sell Although BTC fell slightly the day after the major drop,...

With just a few days left until the long-anticipated Cardano network upgrade and hard fork, Binance indicated that it will support the event. This comes as more than 80% of the Cardano pools have successfully upgraded to Alonzo 1.29.0. In a statement from September 9th, the leading digital asset exchange announced its intentions to support the upcoming Cardano network upgrade. The event is expected to take place on September 12th at around 21:45 (UTC) – during epoch 290....

Moonbeam – a Polkadot parachain smart contract platform with Ethereum compatibility, has partnered with Lido, a liquid staking derivatives protocol currently live on the Ethereum and Terra blockchains, to bring liquid staking to the Polkadot DeFi ecosystem. The press release shared with CryptoPotato informed that the integration would enable Lido to provide liquid staking to Moonbeam and its Kusama-powered sister network, Moonriver. It will also allow Polkadot (DOT) users to...