Tag Archives: AA News

Bitcoin has taken another swing at the previous 2020 high of $10,500 and currently trades above it. Ethereum nears $400, while the top 10 tokens see a few rotations, including Polkadot and Binance Coin.DeFi tokens are booming again with Yearn.Finance marking a new all-time high of about $44,000.Bitcoin Progresses SteadilyThe primary cryptocurrency traded in a tight range between $10,280 and $10,360 yesterday. However, the bulls decided to act and increased Bitcoin’s price firstly to $10,480...

On September 12, 2020, CZ, the CEO of Binance, the leading cryptocurrency exchange, shared with his followers an unfortunate accident that led to a client losing $20,000 in the blink of an eye.In a tweet, CZ told the story of a user —whose identity he did not reveal— who sent 800BNB (about $20,000) to the wrong address. The transaction was made on the Binance Smart Chain, so the user, in his desperation, “begged” for Binance for help, considering that the exchange is responsible for...

Three to five countries will completely replace their currency with a central bank digital currency by 2030, argued a recent report by a German-based fintech think tank.The document also warned that if the European Central Bank doesn’t accelerate its CBDC endeavors, the digital Yuan will overtake it but won’t disrupt the Dollar’s dominance.Countries To Fully Implement CBDCsThe European think tank focusing on fintech and blockchain research dGen published a study on the potential impact of...

Although SushiSwap’s protocol is already active and attracted over a billion worth of liquidity, a Glassnode analyst said that its governance token SUSHI is still highly overvalued. By exploring the economics behind SUSHI’s value, he outlined a fair price of $0.31 per coin.SUSHI (Still) OvervaluedLaunched as a Uniswap fork less than a month ago, SushiSwap took the DeFi world by storm. What gasped massive attention was the introduction of a governance token called SUSHI. This lured investors...

CoinGecko is, without a shred of doubt, one of the largest cryptocurrency data aggregators. The index has shown impressive growth over the past year following a renewed interest in cryptocurrencies as the total market cap grows in 2020.Data from SimilarWeb shows that CoinGecko has hit a considerable number of almost 25 million users in August alone.It’s safe to say that it’s one of the veteran crypto venues and a household name for the industry. CryptoPotato had the chance to reach Bobby Ong,...

Bitcoin continues to trade in the five-digit territory and even spiked towards $10,400. Binance Coin (BNB) is among the best performing tokens today, while most other larger-cap alts are marking minor gains.Bitcoin Struggles At $10,400After the unsuccessful attempt to overcome $10,500, Bitcoin dived yesterday and bottomed at about $10,200. However, the bulls interfered at that point and didn’t allow any further declines.In the following hours, BTC fluctuated in a tight range between $10,250...

The U.S. SEC has fined Atlanta-based rapper Clifford Harris Jr, better known as T.I, along with other individuals for their involvement in two fraudulent initial coin offering (ICO) projects.T.I, Others Pay $125K in PenaltiesAccording to a press release by the U.S. Securities and Exchange Commission (SEC) on Friday (September 11, 2020), T.I, along with businessman Ryan Felton and three other individuals based in Atlanta, were involved in a fake pump and dump ICO scheme. The rapper was cleared...

Recent heavy congestion on the Ethereum blockchain appears to have had a beneficial knock-on effect for one cryptocurrency project in particular.Loopring (LRC) is a protocol for building non-custodial decentralized exchanges (DEXs) on Ethereum. It is also one of the few projects currently placed ahead of the curve thanks to its use of zk-rollup technology, which scales Ethereum transactions from ~15/sec, to ~3,000/sec.It’s interesting to note, therefore, that the value of Loopring increased...

In terms of sheer price action, this week was rather sloppy. Bitcoin was trading at around $10,400 seven days ago, and it’s now indecisive around $10,300.During the week, things did get slightly more tumultuous as BTC dipped below $10K on a few occasions, reaching as low as about $9,800 on Binance. Many thought that this is when it would close the outstanding CME gap at $9,600, but Bitcoin recovered and remains largely indecisive.It’s worth noting, though, that the primary cryptocurrency is...

In a somewhat completely unexpected turn of events, the former lead developer behind the Sushiswap protocol has returned $14 million worth of ETH to SUSHI’s treasury.This comes six days after the anonymous Chef Nomi depleted the development fund and sold it for ETH, basing his merits on the fact that he deserved that money for his hard work.Chef Nomi Returns $14M Worth of ETHTo reiterate something we’ve touched upon countless of times – there’s never a boring day in the cryptocurrency...