Tue, September 29

Terra Luna Classic Community Approves Halting USTC Minting Proposal

By increasing the Tobin tax to 100%, the Terra Luna Classic community has voted to halt USTC minting. Several repeg USTC initiatives have been launched by the community and developers, all of which should help bring the Terra Luna Classic chain and LUNC token back on track. The previous 48

November 11, 2023 1 min read

ETH Breaks Above $2k as BlackRock Files for Spot Ethereum ETF

BlackRock Inc., a trillion dollar asset manager, has once again prompted widespread market optimism with a filing that may be a prelude to the company’s first Ethereum spot Exchange Traded Fund (ETF) product’s formal application to debut. The newest filing, known as the iShares Ethereum Trust, was submitted to the

November 9, 2023 2 mins read

FTT Token Soars 72% on SEC Chair’s Remark Over FTX Resurrection

FTT, the token of bankrupt crypto exchange FTX, soared over 72% after SEC head Gary Gensler’s statements signaling his openness to a resurrection of the exchange “within the law.” Gensler’s remarks come after rumors that three buyers are approaching FTX, including ex NYSE president Tom Farley’s crypto exchange Bullish. None

November 9, 2023 1 min read

Shiba Inu Burn Rate Surges Over 660% as Prices Rebound

The meme-inspired cryptocurrency Shiba Inu (SHIB) saw a massive boost to its deflationary burn rate on Thursday, just as prices rebounded from recent lows. According to data from burn tracker Shibburn, a total of 9.6 million SHIB were sent to dead wallets in the past 24 hours. This represents a

November 9, 2023 2 mins read

European Banking Authority Proposes Liquidity Rules for Stablecoin Issuers

The EU’s banking regulator, the European Banking Authority (EBA), has suggested new rules for stablecoin issuers that would establish minimum capital and liquidity criteria. With the new liquidity requirements in place, the stablecoin should be easily redeemable even when markets are volatile, mitigating the risks of bank runs and contagion.

November 8, 2023 2 mins read

Ordinals (ORDI) Token Soars 81% Post Binance Listing

Ordinals (ORDI) token prices related to the Bitcoin Ordinals protocol have increased by 81% in the last 24 hours after being categorized as a “seed” developing project on the cryptocurrency exchange Binance. The Seed Label denotes experimental endeavors, the tokens which may be more volatile and risky than average. The

November 7, 2023 2 mins read

Uniswap Price Eyes $6 as Bullish Chart Patterns Emerge

Uniswap native token, UNI, looks poised for additional upside after breaking out of key chart patterns, according to recent technical analysis by crypto trader Ali. In a tweet, Ali highlighted bullish formations on both Uniswap’s daily and 4-hour price charts that point to a target of around $6 for UNI.

November 7, 2023 1 min read

Polygon Daily Transactions Skyrocket by 60% In Just 90 Days

Polygon, a prominent blockchain network, has been making waves with its recent network updates and the impressive performance of its native token, MATIC.  Polygon zkEVM which is a Zero-knowledge Ethereum Virtual Machine Beta hit a significant milestone with seven million transactions in a single day over the weekend. And just

November 7, 2023 2 mins read

Chainlink Rally Pushes LINK Past $12.50 to New Yearly High

Chainlink (LINK) has surged past the $12.50 level this weekend to hit its highest price since April 2022. The decentralized Oracle network’s token has mounted a significant rally, reflecting improving sentiment. LINK now trades around $12.59, having gained 65% over the past 30 days, per CoinGecko data. The powerful move

November 6, 2023 1 min read

UK Aims to Focus on Stablecoins With New Improvised Plans

According to discussion documents issued by the two organizations on Monday, the Financial Conduct Authority (FCA) will manage the broader crypto industry, while the Bank of England (BOE) will control “systemic stablecoins” that are in widespread circulation and might disrupt the economy. The suggestions followed the U.K. government’s publication last

November 6, 2023 2 mins read