95ab616d7ed3755e887c0c8abd77dfdd0fef68b0 Big Crypto

Everscale Trail-Blazes Through H1 2022

Jul 20, 2022

sponsored With live-tested transaction speeds of 64,000 TPS, infinitely scalable blockchain Everscale is undeniably one of the fastest out there, and if H1 2022 is anything to go by, its development progress is no less rapid. Despite seriously bearish trends in the crypto market triggered in large part by the collapse of Terra’s LUNA token and UST stablecoin, and later compounded by a significant crisis for crypto lender Celsius, Everscale continued to bolster its already considerable ad ...read more

Alpha Venture DAO introduces the first DEX to bring expirable futures to DeFi: Contango

Jul 20, 2022

Alpha Venture DAO (previously Alpha Finance Lab), a multi-chain dApp ecosystem with in-house and incubated projects, today announced the latest project launch from Alpha Incubate called Contango, a decentralized exchange that brings expirable futures to DeFi without order books or liquidity pools. Traders can directly access linear and inverse contracts with expiry dates and leverage. Traders no longer experience unpredictable funding rates as the final price is paid upfront, providing full co ...read more

theBlock Research Pins Stacks as a Key Player in the BTC Network

Jul 20, 2022

Bitcoin is widely considered to be the world’s leading cryptocurrency. However, builders can use this technology to develop powerful applications, protocols, products, and services. Several ecosystems emerged on top of Bitcoin over the years, and Stacks continues to note tremendous growth. The Ongoing Evolution of Stacks Many people may recall Stacks under its former name of Blockstacks. It is a smart contract layer for Bitcoin tethered to the Bitcoin blockchain through a cross-chain conse ...read more

100-Year-Old Pennsylvania-Based Bank Approved to Leverage Makerdao’s Stablecoin Vault

Jul 20, 2022

Makerdao, the decentralized autonomous organization (DAO) that issues the stablecoin DAI, approved a governance proposal that provides “collateral integration from a U.S.-based bank.” The Makerdao governance proposal passed by a majority vote of more than 87%, and it gives the U.S. financial institution Huntingdon Valley Bank the means to leverage a stablecoin vault. Huntingdon Valley Bank to Use Makerdao’s Stablecoin Vault System With Off-Chain Loans — RWA-009’s Initial Debt Cei ...read more

Tezos (XTZ) Nears 3-Week High – Can Bulls Barrel Towards $1.80?

Jul 20, 2022

After a sharp decline in the second week of June, the price of Tezos (XTZ) rebounded from its $1.2 low. Tuesday, despite a highly volatile market, the altcoin price reached a new all-time high, rising slowly but steadily. XTZ was a prominent performer to usher in the week, as prices surged to a three-week high. Following Monday’s session low of $1.50, XTZ climbed to an intraday high of $1.60 yesterday. As of the time of writing, XTZ was trading at $1.54, an increase of 6.0 percent over th ...read more

Bitcoin Bound To Bounce Back, Rockefeller Exec Says

Jul 12, 2022

Rockefeller International’s Managing Director and Chairman, Ruchir Sharma, argues that Bitcoin (BTC) is really a brilliant concept. One that has been destroyed by excessive speculative fervor and easy access to cheap capital. Bitcoin Rebound Is A Matter Of Time Sharma, a New York Times bestselling author and former emerging markets investor at Morgan Stanley (MS), predicted that bitcoin could experience a comeback similar to that of Amazon. Amazon’s value fell by about 90% during the ...read more

Bitcoin, Ethereum Technical Analysis: BTC Below $20,000 as Markets React to Increasing Dollar Strength 

Jul 20, 2022

BTC fell below $20,000 on Tuesday, as volatility in financial markets continued to peak, due to current levels of inflation. The euro fell to its lowest level against the U.S. dollar in over twenty years, and this dollar strength seems to be impacting crypto prices. ETH also slipped, falling below $1,100. Bitcoin Bitcoin dropped below $20,000 during Tuesday’s trading session, as markets responded to recent bearish pressure. The world’s largest crypto token fell to a low of $19,613 ...read more

China Frozen Bank Account Controversy: Affected Clients Injured During Protests, Nearly $6 Billion Missing

Jul 20, 2022

Some Chinese bank clients, whose accounts were frozen in April, were injured while staging a protest at the Zhengzhou branch offices of the country’s central bank. Reports from local media outlets suggest that as much as $6 billion in client funds is missing and the individual believed to be behind the disappearance is now outside China. Internal Systems Upgrade Chinese residents protesting the freezing of their accounts by three banks in Zhengzhou, are reported to have stormed the bran ...read more

Are North Korean IT Remote Workers Targeting Crypto Firms? Here’s What We Know

Jul 20, 2022

According to the US Government, North Korean IT workers are flooding the freelance market. It’s illegal for US businesses to employ them, but, what if they have no idea they’re doing it? In this new remote work world we’re living in, it’s completely possible. The North Korean workers are targeting all kinds of technology-focused businesses, but of course, the CNN report on the matter focused on cryptocurrency firms. “It’s an elaborate money-making scheme that relies on front comp ...read more

Stablecoins Should Be Captured by ‘Robust’ Regulations, FSB Says

Jul 12, 2022

The Financial Stability Board (FSB) released a statement on Monday on the international  regulation  and supervision of cryptocurrency activities, including stablecoins, highlighting that the sphere is ‘fast-evolving’. The FSB noted that the recent turmoil in crypto-asset markets had exposed their inherent volatility, structural vulnerabilities, as well as their increasing interconnection with traditional financial systems. “Crypto-assets and markets must be subject to effective reg ...read more