LATEST ARTICLES

Report: DeFi is Majorly Responsible for Ethereum’s $8 Million Gas Fee Spike

As per the latest statistics, around $8 million was paid as fees to conduct transactions on the Ethereum network. That works out to be approximately 18,300 ETH. What is driving this humongous spike in gas fees? Research shows that it is due to the booming ‘yield farming’ craze. Gas Fees Tops $8 Million Led By Massive Transaction Demand As per data...

YAM Finance Announces Protocol Migration Plan: Will This Save The Crashing Project?

With YAM Financial’s token value almost at zero, the team behind the project has proposed a two-phase migration plan that could see an audited version. Two-Step Migration Process for YAM In a Medium blog post on Friday (August 14, 2020), the YAM Finance team announced plans for a planned migration to a new protocol called YAM 2.0. According to the team,...

Is Bitcoin Still Considered Cheap In 2020?

Bitcoin went through a significant price surge in the past month, jumping from $9,000 to about $12,000. By heading into five-digit price territory, this 33% increase has many people speculating that the primary cryptocurrency may be too expensive, and the train has left the station. However, looking at Bitcoin’s pre-programmed deflationary mechanism and several macroeconomic factors, the asset’s price may...

$217M Invested In Crypto As Grayscale Marks Its Best Week Following Nationwide Commercial Launch

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The leading cryptocurrency asset management company – Grayscale Investments – has recorded its most significant fundraising week in its 7-year history. Interestingly, the massive spike followed a nationwide advertising campaign the company ran in the U.S. Grayscale Commercial Worked As CryptoPotato reported a week ago, the digital asset manager planned to run a widespread advertising campaign in the United States to promote...

Bitcoin Challenges $12K As Binance Coin (BNB) Skyrockets 9% (Market Watch)

Bitcoin took yet another swing at $12,000 but to no avail so far, while Ethereum continues climbing to $440. Macrodata reaffirms the ongoing bull trend as almost all top 100 digital assets have been in the green in the past three months. Bitcoin Not Yet Conquering $12k About three days ago, the primary cryptocurrency was in a bit of a jam as...

South Korean City To Issue Blockchain-Based Payments Aimed At The Elderly

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One of the significantly technologically developed cities in South Korea is aiming to expand its payments programs through digital gift certificates based on blockchain technology. One of the goals is to educate the elderly on contactless payments. Giving The Elderly A More Simplified Payment Process According to a recent news report, the new establishment of South Korean Seongnam city would be...

UK Authorities Seize $150,000 Of Illegaly Acquired Bitcoin

The UK Metropolitan Police Service (MPS) has arrested a 35-year old woman and seized over $150,000 worth of Bitcoin as part of an investigation into fraudulent applications for government-backed loans for businesses affected by the COVID-19 pandemic. MPS Seized $150K Worth Of BTC The MPS (or Met) announced that the Proactive Money Laundering Team had investigated a 35-year old woman for...

Bitcoin’s Raging Week As Ethereum Breaks $400: The Weekly Market Report

This week was easily one of the most eventful ones in the cryptocurrency field in terms of overall developments, especially in the DeFi sector. Starting with Bitcoin, however, not much changed since last week. BTC price started trading at around $11,800 seven days ago, and it’s currently at roughly the same level. However, this doesn’t mean that there was no...

Crypto Price Analysis Aug 14: Bitcoin (BTC), ETH, XRP, LINK, WAVES

Bitcoin (BTC) Bitcoin is more or less around the price it was traded a week ago, but this comes after a raging week as the coin plunged to a weekly low around $11,100. Shortly before, Bitcoin made another push towards the current high at $12,100 (1.272 Fib Extension), for the second time in 10 days. Unfortunately, BTC was unable to sustain...

Walmart Adopts Crypto: Shoppers Can Now Earn Crypto-Back

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StormX, the blockchain-based rewards platform that helps users earn crypto, has scored a significant coup by onboarding retailing giant Walmart. Having already sealed deals with the likes of Microsoft, Nike, Adidas, eBay, Target, Dell, and Samsung, StormX is taking things up a notch by enabling 4% ‘Cryptoback’ on all Walmart purchases. In fact, shoppers can earn as much as 14%...