Ethereum (ETH)

It was a tough week price-wise in the cryptocurrency market. The total capitalization lost around $100 billion as every single coin from the top 20 is in the red. Some lost more than others, but we’ll get to that later. Kicking it off with Bitcoin. It had a relatively calm week, and even though it’s down about 3% over the period, it’s still not as bad as a lot of the altcoins. BTC was trading at around $34,000 last Friday, and apart from a brief positive spike on Monday, it...

Polygon will also promote scalable e-sports tournaments via a partnership with the Community Gaming platform.Polygon has recently announced its plans to launch new offerings. Among them, the Polygon project team mentioned NFTs, gaming and much more.? pic.twitter.com/urcUL9fc1g — Polygon (@0xPolygon) July 15, 2021Meanwhile, it has become known about a new partnership of Polygon. The Community Gaming platform has been actively hosting esports tournaments and now has entered into a partnership...

Bitcoin Bitcoin dropped by 3% this week, reaching as low as $31,000. The cryptocurrency popped above the 20-day MA on Sunday but quickly reversed and dropped beneath it on Monday. It found support mid-week at $32,700 but continued beneath there yesterday to reach $31,185 (downside 1.618 Fib Extension) today. The short-term chart provides a closer perspective of what is going on. It shows BTC trading inside a falling price channel since the start of July. When BTC broke the...

[PRESS RELEASE – Victoria, Seychelles, 16th July 2021] A new generation of public chain – KCC officially launched its cross-chain bridge, the KCC Bridge. It provides bridging services to the KCC public chain by allowing native tokens on other chains to interchangeably transact and circulate on KCC. The KCC Bridge will first support stablecoins such as USDT and USDC from Ethereum to KCC. There is no gas fee for users when transmitting assets into KCC, while the gas fee on...

THORChain is the latest DeFi project to be exploited, with estimations showing that the hackers might have swooped up to $7.6 million in digital assets. The team behind the decentralized exchange promised to make whole all affected users and requested the perpetrators to contact them to discuss the return of funds. THORChain highlighted the hack on Twitter earlier on July 16th. The amount stolen remains unconfirmed as the initial estimations showed that it was more than...

It was Morgan Beller, co-creator of Libra, who connected the Optimist team to Vitalik Buterin. “I’ve always thought Buterin deserves to have his story out there,” he said.A movie production company, the Optimist, is looking to interview Vitalik Buterin and produce a feature-length documentary on Ethereum. The documentary titled, ‘Ethereum: The Infinite Garden’ aims to detail the challenges and rewards associated with building a new world. It is the first of its kind and producers are looking...

[PRESS RELEASE – Singapore, Singapore, 15th July 2021] Unifi Protocol is proud to be the first DeFi platform to create a blended ecosystem of DeFi and blockchain node staking rewards. Exisitng nodes on 6 blockchains will join with Unifi’s existing 7 chain DeFi ecosystem. Blockchain validation is a large industry, and projected to grow substantially larger as Ethereum and other cryptocurrencies adopt Proof of Stake as a security mechanism. Unifi Protocol acquires the assets of...

Crypto volumes are continuing to fall through the floor, and according to the latest data from digital asset manager Coin Shares, trading numbers have dropped to their lowest levels. Coin Shares Data Suggests an Ugly Exodus Bitcoin has taken one of its nastiest dives in history. The world’s number one digital currency by market cap was trading for a new all-time high of approximately $64,000 per unit in mid-April, though at press time, it is trading for approximately...

China’s crackdown on crypto mining has got digital analysts everywhere worried. According to many figureheads in the digital currency space, the prices of assets like bitcoin and Ethereum are about to crack even further given how far China has gone in banning BTC and crypto mining from its territories. China Takes More Action Against Mining China has always had a mixed relationship with cryptocurrencies. In the past, the nation has taken a stance against both crypto...

The Polygon network supports faster and cheaper transactions. By integrating with this, institutions will have access not just to faster and cheaper means of transactions, but to a secure system only comparable to that of major chains.Polygon (previously known as Matic) is collaborating with Fireblocks to bring more security to projects, individuals and institutional users on its platform. Fireblocks is known for delivering a secure interface through which digital assets can be issued,...