Crypto news

S&P Dow Jones Indices has launched three new cryptocurrency indices. The S&P Bitcoin Index, S&P Ethereum Index, and S&P Crypto Mega Cap Index (a combination of Bitcoin and Ethereum) will allow retail traders to easily gain exposure to these two behemoth cryptocurrencies. A Long-Awaited Move People have been waiting for a traditional finance product that tracks cryptocurrency prices for a long time. S&P announced last year that a cryptocurrency index would...

Spartan Protocol, a DeFi project on Binance Smart Chain, was exploited for over $30.5m. The hacker’s whereabouts are unknown, and a second version of Spartan Protocol is currently being rebuilt with implemented bug fixes. What is/was Spartan Protocol? Spartan Protocol provided a platform for incentivized liquidity and synthetic assets. The SPARTA token had an internal pricing mechanism without having to rely on external oracles for price settlement. Such a system could...

As of late, bitcoin has been struggling somewhat. After reaching a new high of roughly $64,000 per unit a few weeks ago, the world’s number one digital currency by market cap fell below $50,000, thereby losing approximately $15,000 off its price. Bitcoin Is Going to Rise, Say Analysts Now, while the asset has come back somewhat, bitcoin is still struggling to move into the high $50,000 range. It is presently trading for about $53,000, which is a drop from last week’s...

Popular cryptocurrency exchange Bitstamp has announced that it will be expanding its United States operations, following a groundbreaking feat recorded in the country in the first four months of the year.   Massive Growth in Q1 Highlighting its achievements within the period, Bitstamp said in a press release shared with CryptoPotato today that new customer signups from U.S. residents surged by 570%.  The third-largest exchange noted that transaction volume, including trading...

As crypto traders, we have all been so caught up in the bitcoin hype as of late that it appears we have forgotten about Ethereum and a lot of the world’s smaller altcoins, but the fact is that these assets should not be forgotten. In fact, they should be revered. Ethereum Is Surging Ethereum has recently hit a new all-time high. At the time of writing, one unit of Ethereum has struck $2,774. That means one unit of the world’s second-largest cryptocurrency by market cap...

With the impending taxation of cryptocurrency gains in South Korea, a recent poll showed that most citizens are in favor of such a rule. When it came down to age, though, the younger generations were significantly less opened to the idea of getting taxed for their crypto trading. South Koreans Support Crypto Taxation The East Asian country has dabbled with implementing cryptocurrency regulations and taxation on profits for years. However, the unexpected breakout of the...

Binance Smart Chain is currently the fastest growing blockchain network in the decentralized space that emerged as a savior for the Defi ecosystem and ERC-20 token traders amid significantly high transaction costs on the Ethereum network. As a result, a majority of the ERC-20 traders have been using BSC to mitigate the transaction cost, and several Defi projects both new and old have added BSC cross-chain support to ensure seamless transactions. Amid the growing...

Binance’s native crypto asset has been on a roll in 2021, resulting in breaking into uncharted territory quite regularly. With the latest record coming a few hours ago above $650, the asset’s total market cap went into a nine-digit territory.  After the start of the ongoing crypto bull run in October last year, Binance Coin seemed somewhat trailing behind. While bitcoin and other digital assets were surging with double-digits monthly and reached new records by the end of...

ETH/USD – Bulls Explode Past $3000 To Set New ATHs At $3200 Key Support Levels: $3075, $3000, $2825.Key Resistance Levels: $3225, $3325, $3400. Ethereum saw an impressive 7.5% price hike today, breaking past $3000 and reaching as high as $3200. The coin is now up by a total of 36% over the week after surging above a symmetrical triangle pattern last week. From the breakout, ether continued to set new ATH prices each day until hitting resistance at $2800 last Thursday. This...

The popular cryptocurrency wallet MetaMask warned its customers of a new phishing bot that attempts to get their seed phrases. According to the team, the fraud tries to lead users to a so-called ”instant support” portal where they are prompted to enter information into a Google Docs form. The New Scam MetaMask – a project focused on Ethereum-based tools and infrastructure – tweeted today (May, 3rd) revealing a new fraud that attempts to harm users of the platform. The...