A few days after receiving control over the popular SushiSwap protocol, FTX CEO Sam Bankman-Fried revealed his personal ideas regarding its future. Those included gradually reducing the total supply after efficiently executing the multi-sig wallet transition.The Backstory: Transferring Control Over SushiSwapThe drama started the past weekend when SushiSwap’s lead developer, going by the Twitter handle Chef Nomi, cashed out his SUSHI tokens and exchanged them for millions worth of ETH. The...
Read More »YFI Founder: USDT and USDC Will Soon Be Available on Layer Two
Stablecoins, which make up a huge chunk of those steep fees, could all switch to Layer 2 for some relief, according to one industry expert.Yearn Finance founder, Andre Cronje, has suggested that USDC and USDT will soon be available on Layer 2 as stablecoins make the transition away from Ethereum.USDC and USDT will soon both be available on L2.This will allows non-congested transfers of USDC and USDT.This is great if you do payments in USDC and USDT.From my experience USDT and USDC are trade...
Read More »Cardano (ADA) Price Analysis: Trading Near Make-or-Break Levels
ADA price extended its decline below the $0.1000 support zone against the US Dollar.The price is currently consolidating above the key $0.0850 support, but it is below the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $0.0950 on the 4-hours chart (data feed via Kraken).The price is likely to accelerate higher if it clears the $0.0950 and $0.1000 levels in the near term.Cardano price is currently consolidating above $0.0850 against the US...
Read More »#965 Blockchain Ausweis kommt, DeFi Boom in China & Binance Yield Farming Plattform
Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 965. Im heutigen Video geht’s um folgende Themen: Der Blockchain-Ausweis kommt, Exchanges leiden aufgrund von DeFi Boom in China & Binance startet eine neue DeFi – Yield Farming Plattform. 1.) Der Blockchain-Ausweis kommthttps://www.btc-echo.de/der-blockchain-ausweis-kommt/ 2.) Exchanges suffer as Chinese users chase DeFi gainshttps://cointelegraph.com/news/exchanges-suffer-as-chinese-users-chase-defi-gains...
Read More »Ethereum Price Analysis: ETH Eyes Recovery Above $360 & $370
Ethereum price declined sharply below $400 and found support near $310 against the US Dollar.ETH price is likely forming a support base above $310 and it might start a decent recovery.There is a key bearish trend line forming with resistance near $355 on the 4-hours chart (data feed from Coinbase).The pair could recover towards the 55 simple moving average (4-hours) if it clears the $360 resistance.Ethereum price is showing a few positive signs above $340 against the US Dollar. It seems like...
Read More »Andrew Bailey Is Clearly No Fan of Bitcoin
Andrew Bailey – governor of Britain’s Central Bank (BCF) – is clearly not a bitcoin fan.Andrew Bailey: BTC Has No Connection to MoneyIn a recent webinar hosted by the financial institution, Bailey took the time to explain bitcoin, stable currencies and central bank digital currencies (CBDCs). While he was relatively positive about the latter two entities, bitcoin appeared to rub him the wrong way, and he wasn’t very complimentary of the world’s number one digital currency by market cap.In the...
Read More »Report: PlusToken-Like Ethereum Ponzi Could Dump ETH Price
The whole fever of DeFi and high-risk investments may soon turn into Ethereum’s worst nightmare, and those responsible for this debacle may not be the yield farmers.Rather, it could be the participants of a giant investment plan cataloged as a Ponzi/MLM scheme by several experts and authorities around the world.For those unfamiliar with the situation, Forsage is a high-risk project (financially and legally) in the Dapp ecosystem. Like other sad examples in the crypto industry such as...
Read More »Mike Novogratz: Bitcoin Speculation Is Out of Control
Former hedge fund manager turned bitcoin and crypto investor Mike Novogratz appears to have predicted the recent bitcoin crash that’s affected the space. He said not too long ago in an interview that there was a “speculative frenzy” surrounding bitcoin that he thought was getting too out of hand.Mike Novogratz Warned Us About BTCOne of the big problems with bitcoin is that whenever it shows signs of spiking, people – largely new investors – want to get in on the action. This would be fine,...
Read More »Use the HolyTransaction Wallet for Staking Gridcoin
Being able to mine cryptocurrency and earn a passive income without having to buy thousands of dollars’ worth of hardware almost sounds too good to be true. However, it is a real practice that countless crypto users have turned to in order to profit in a much safer way than trading digital coins.This is, of course, possible through the process of staking.Staking allows you to lock a number of coins that you own in a crypto wallet, and then use them to help run the coin’s network. In doing so,...
Read More »Bitcoin Incurs a $300 Spike; Is the Worst Over?
Bitcoin has risen by roughly $300 today in a surprise twist. While this is nothing to get excited about just yet, it does mean that bitcoin is once again in the five-figure range. As of this morning, it’s been trading for just over $10,200.Bitcoin Has Risen Slightly Over the Past 24 HoursThis potentially puts all the worries that analysts had about bitcoin falling below the $10K line to rest granted the world’s largest cryptocurrency by market cap can potentially remain above this level. If...
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