Mon, September 21

Algorand Surges 15% in Last 24 Hours Despite Bearish Market

Algorand has gained more than 20% in the previous week.  The Algorand blockchain now has State Proofs. Due to negative macroeconomic circumstances, the crypto market is plummeting. The price of bitcoin has dropped below $20,000, and is now trading at $18.7K. Almost the last seven days, Ethereum’s value has dropped

September 22, 2022 2 mins read

One Day Left For Long Awaited Cardano Vasil Hard Fork

The long-awaited update will roll out over the course of five days. In the future, Vasil will improve several facets of the Cardano blockchain. The Vasil hard fork for Cardano has arrived. The long-awaited update to the Layer 1 blockchain will roll out over the course of five days, beginning

September 22, 2022 2 mins read

Market Signals a Gloomy Outlook, BTC and ETH Sharply Decline

Bitcoin and Ethereum witnessing a sudden plunge in the cryptocurrency market.  BTC is 1.84% down and ETH is 4.86% down in the last 24 hours. The global crypto market has started showing a bearish signal once again. After witnessing a significant price surge in the past few weeks, the major

September 22, 2022 2 mins read

New York Judge Demands Tether To Produce Financial Records

Katherine Polk Failla is the judge who presided over the case. The Tether exchange’s Bitfinex, Bittrex, and Poloniex account information was also requested.  Legal action was taken against the Tether (USDT) network because of allegations that it artificially inflated the price of Bitcoin [BTC] by releasing USDT. There has been

September 21, 2022 1 min read

Major Cryptocurrencies Continue to Fall Ahead of US Fed Meeting

The Federal Reserve will soonly decide on the interest rate increase.  Fed’s upcoming decision will play a crucial role in the price actions of top cryptocurrencies. The US central banking system, Federal Reserve, has already started the two-day policy meeting regarding interest rate hikes. In the ongoing meeting, the monetary

September 21, 2022 2 mins read

Two-Year Ban on TerraClassicUSD-Like Coins?

Draft for regulating stablecoins is seemingly to ban algorithmic stablecoins. Strict regulation to follow for both banking and non-banking issued stablecoins. U.S House of Representative draft for stablecoins regulation is seemingly to ban algorithmic stablecoins for two years, as per the draft received by Bloomberg. The voting is expected to

September 21, 2022 1 min read

Ethereum’s Vanity Addresses Exploited for $3 Million

Hackers may have had access to Profanity customers’ wallets for years. ZachXBT, a blockchain investigator, issued a warning on the theft. Several Ethereum addresses created using the “Profanity” program were compromised, and the hacker made off with cryptocurrencies worth $3.3 million. After 1inch, a decentralized exchange aggregator notified customers of

September 20, 2022 2 mins read

Ethereum Name Service (ENS) Reclaims Eth.link Domain Name

U.S. district court in charge of the case approved ENS’s request for an injunction. Manifold Finance paid $851,919 to acquire the eth.link domain name. The Ethereum Name Service (ENS) announced late on Sunday that it had reclaimed possession of the eth.link domain name after a successful injunction against domain supplier

September 20, 2022 2 mins read

Ethereum Energy Consumption Plummets 99.99% Post-Merge

The network often came under fire for the negative impact it had on the planet. Energy usage decreased since the merging transition to proof-of-stake was successful. On Thursday, September 15, 2022, the Ethereum Network completed the switch from proof-of-work to proof-of-stake mining. The change ushers in a new age for

September 19, 2022 1 min read

ApeCoin Surges Over 15% Despite Sluggish Market Sentiment

APE projected heightened bull vigor after breaking over the 20/50/200 EMA. A breakdown of the $5.20-$5.22 range at the close would indicate a near-term downtrend. Although ApeCoin (APE) fell from its two-month peak in early August, the cryptocurrency was able to recover and find support at the $4.2 support level.

September 18, 2022 2 mins read