The total amount of ETH staked ahead of the upcoming Ethereum 2.0 upgrade has grown significantly and will likely continue to increase as the launch date draws closer. 100 ETH Staked in a Day Data from CryptoQuant revealed yesterday that more than 100k ETH worth over $200 million as per current prices was sent to the Ethereum 2.0 deposit contract in a single day. With the new staking, the total value of ETH now locked up in the Eth2 contract is currently more than 5% of the...
Read More »BadgerDAO & DefiDollar bring Interest-Bearing Bitcoin To The Polygon Network
[PRESS RELEASE – Singapore, Singapore, 23rd June 2021] BadgerDAO & DefiDollar proudly announce the launch of interest-bearing Bitcoin DeFi solutions to the Polygon network. This marks another impressive milestone for decentralized finance solutions involving Bitcoin. BadgerDAO has focused a lot of its attention on enabling native Bitcoin support for decentralized finance. The world’s leading cryptocurrency is incompatible with this concept at its core due to its minor...
Read More »Litecoin (LTC) Price Analysis: Bulls Facing Uphill Task Near $140
Litecoin price started an upside correction from the $105 support against the US Dollar. LTC price is still trading well below $140 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $140 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must clear $135 and $140 to start a fresh increase in the near term. Litecoin price is struggling to gain pace above $130 against the US Dollar, unlike...
Read More »Ensuring Greener Future with Blockchain and Crypto Tech
The SWS (SmartWorld Security) token is an Ethereum-based token that helps make the SmartWorld program a reality.We as a human race have progressed significantly in the past few centuries. We went from gas lights to LED bulbs, from telegrams to sophisticated smartphones, from horses to cars, and from small villages to smart cities.All this technological development has made life easier for us, made distances seem short, and helped us connect with people across the globe. But, we failed to...
Read More »Mark Cuban Loses Money on New Stable Coin Project
Mark Cuban seems to have been a crypto fan for some time. Recently, he praised both bitcoin and Ethereum and claims to hold a substantial amount of both. However, one of the more recent coins to receive backing by the billionaire investor has tanked big time, and as a result, Cuban is stepping in and calling for clearer regulation regarding stable currencies. Mark Cuban Has Taken a Crypto Hit At press time, it is unknown which stable currency garnered Cuban’s attention,...
Read More »Rarible Raises $14.2M in Series A Funding for New NFT Marketplace
From a trading volume of $28K in June last year, Rarible has seen mammoth growth of over 3000 times to reach $150M total sales.Non-fungible token (NFT) site Rarible is set to launch a marketplace on the Flow blockchain network. With a successful funding round that brought in $14 2M, “Rarible is determined to pioneer the next wave,” CEO Alexei Falin said in a statement according to CoinDesk.We are thrilled to announce Round A lead by @Venrock and @coinfund_io with participation of @01Advisors....
Read More »Many Still Believe Ethereum Will One Day Eclipse BTC
With Ethereum continuing to show a lot of gall and hutzpah during this current bear market, many are wondering if the asset will eventually become the world’s most powerful cryptocurrency by market cap. As always, bitcoin is still in the number one spot, but Ethereum is continuing to show heavy promise, and Wall Street along with several retail players are experiencing more interest in the asset. Ethereum Is Gaining Serious Momentum Ethereum is the second largest...
Read More »Public Mint Integrates with USDC to Offer Bridge to Ethereum
[PRESS RELEASE – San Francisco, California, 22nd June 2021] Public Mint, the fiat-native public blockchain ecosystem, is excited to announce that Circle’s USD Coin (USDC) will now be natively integrated with the Public Mint blockchain, providing a simple gateway to connect Public Mint’s fiat-centric network to the vibrant DeFi ecosystem on Ethereum – and potentially other major networks where USDC is supported in the future. USDC is the leading US-based regulated stablecoin,...
Read More »Ethereum Price Analysis: ETH Turns Bearish Below $2,200
Ethereum price failed to stay above $2,500 and it extended its decline against the US Dollar. ETH price is now trading well below $2,300 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $2,060 on the 4-hours chart (data feed from Coinbase). The pair could correct higher, but it is likely to face resistance near $2,060 and $2,200. Ethereum price is gaining bearish momentum below $2,200 against the US Dollar....
Read More »SIL Finance Opens Mining on Binance Smart Chain
On 22nd June, the SIL Ethereum-BSC Bridging Program will commence.Sister in Law Finance (SIL), a single-sided yield aggregator, has announced that it will open its mining operations on Binance Smart Chain (BSC) this week. This happens just after their PowerCurve Initial Decentralized Exchange Offering (IDO), which took place last week on DoraFactory.SIL Finance has set a chain of events to take place in June. Closure of the BSC Test Drive will take place on the 21st June at 3.00 PM, UTC, and...
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