Markets

Polkadot achieving top 10 status right out of the gate is an impressive feat, and there’s plenty of room for growth given the number of projects currently building on a network that aims to bridge assets, enhance voting systems, and permit cross-chain conversation.DOT, the native token of interoperable blockchain network Polkadot, has bulldozed its way into the top 10 coins by market capitalization. The token, which underwent a referendum-mandated x100 redenomination on August 21, occupies...

The shares of Salesforce.com, Amgen and Honeywell will replace those of Exxon Mobil, Pfizer and Raytheon Technologies respectively in Dow Jones 30 stock listed. The implementation will become effective before the start of trading on August 31.The shares of Amgen Inc (NASDAQ: AMGN), Salesforce.com Inc (NYSE: CRM), and Honeywell International Inc (NYSE: HON) will become part of the Dow Jones Industrial Average in a major shakedown that has stirred the ejection of three other firms. The new...

Crypto fraud, sadly, is running rampant throughout the digital space, and according to a new report, popular crypto exchange Binance – arguably the biggest cryptocurrency trading platform by daily volume – has seemingly been associated with a common form of ransomware known as Ryuk.Binance Is a Central Hub for Ryuk EnforcersRyuk has been around since 2018. Per data from the FBI, the ransomware may be responsible for a minimum of $61 million in theft since it first emerged roughly two years...

The crypto space is experiencing another red day today as a further $13 billion disappears from the market. This exodus of investment has caused Bitcoin to unravel $300 in the last 4 hours or about $1,200 in the last week.While there are no apparent catalysts for the current decline, Federal Reserve Chairman, Jerome Powell, is scheduled to give an update on Thursday regarding new steps the United State’s central bank plans to take to keep the struggling economy afloat.With rising pessimism...

The cryptocurrency derivatives trading exchange FTX has launched a Uniswap futures index combining the top 100 pools on the Uniswap platform.At the same time, the company’s recently released DEX dubbed Serum focused on the growing DeFi trend, continues with new developments.FTX Lists a Uniswap IndexFTX announced the launch of the Uniswap futures index yesterday. Essentially, it allows traders to employ a traditional digital asset exchange to access markets from the decentralized trading...

Tesla stock is one of the most widely-discussed stocks this year with about 400% growth. With TSLA’s current pullback, the stock performance still amazes analysts.The shares of electric auto sensation Tesla Inc (NASDAQ: TSLA) has retraced back by over 1% giving up an earlier gain of nearly 4% that pushed the shares to a new all-time high. With recent coasting towards the moon, the pull back the stock is experiencing has stirred unbelievably as Wedbush analyst Dan Ives revised his share target...

Binance, Houbi, and OKEx have revealed that they will support Qtum’s new offline staking feature, enabling users of the world’s largest exchange to earn QTUM rewards simply for hodling.Binance’s decision to support Qtum staking is a significant boost for the smart contract network as it embarks on a new phase in its development. In addition, Coinone, CoinDCX, and Gate.io will be among the exchanges supporting QTUM staking.A wave of applications built on Qtum Chain is expected following a $1M...

ADA price is in a bearish zone and it is trading below the $0.1300 pivot against the US Dollar.The price is currently struggling to recover above $0.1250 and the 55 simple moving average (4-hours).There was a break above a connecting bearish trend line with resistance near $0.1245 on the 4-hours chart (data feed via Kraken).The price could either rally above the $0.1250 resistance or it might dive below the $0.1200 support.Cardano price is struggling to clear $0.1250 against the US Dollar,...

Two months ago, Yearn was one relatively unknown decentralized lending aggregator among many emerging projects in the DeFi sector. From less than $10 million in total value locked into the protocol, it has exploded by over 7,500% to today’s TVL levels of $763 million.What’s more, its native governance token YFI has seen similar gains in prices that have now surpassed those for Bitcoin itself.Big Returns for YFI HoldersRecent research by Messari crypto has delved into the surge in popularity...

Ethereum price started a fresh increase from the $380 support zone against the US Dollar.ETH price managed to recover above the $395 and $400 resistance levels.There was a break above a key connecting bearish trend line with resistance near $395 on the 4-hours chart (data feed from Coinbase).The pair is currently facing a strong resistance near $410 and the 55 simple moving average (4-hours).Ethereum price is slowly recovering higher from $380 against the US Dollar. However, ETH/USD must...