Crypto punters favor dollar-cost averaging when investing: Kraken survey
According to crypto exchange Kraken, almost 60% of the over 1,000 surveyed crypto investors use DCA as their main investment strategy.
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Furucombo to issue iouCOMBO tokens to repay victims of $15M exploit
Hacked DeFi service Furucombo will issue "iou" tokens as part of its compensation plan to repay 22 affected users. 2421 Total views 15 Total shares Decentralized finance transaction combination tool Furucombo will compensate the victims of a recent “evil contract” exploit that cost the protocol $15 million in stolen funds.Following an internal call with affected…
Bank of America Applies for Blockchain-Based Encrypted Crypto Storage System Patent
The U.S.’s second-largest bank, Bank of America (BofA), has applied for another blockchain patent on the development of a secure crypto storage system, according to a patent document published by the U.S. Patent and Trademarks Office (USPTO) August 23. The patent, entitled “Block Chain Encryption Tags,” describes a system of recording and storing cryptocurrency-related transactions…
Virtual Racing Car in Blockchain Game Sells for Over $110,000
An unknown user bought a virtual racing car for upcoming blockchain-based game F1 Delta Time for 415.9 ether (ETH) or $110,600 at the time of sale, according to information on the game’s website.The virtual racing car — the “1-1-1” — is the first model to be issued and is also one-of-a-kind, with the auction page…
Nym Technologies raises $300M to advance internet privacy, sending token price up
Swiss privacy startup Nym Technologies announced it has secured $300 million in commitments from venture capital partners in support of the NYM Innovation Fund. Nym intends to issue grants to developers and incentivize them to build on top of Nym's decentralized infrastructure. This funding comes a couple of weeks after its native token NYM launched…
‘Huge signal and validation’ — Top Activision exec to take Yuga Labs’ helm
The appointment of one of Activision Blizzard's highest-ranking executives to a leadership position at Bored Ape Yacht Club (BAYC) parent Yuga Labs has been seen as a boon for its metaverse efforts and another sign of validation of the crypto industry.On Dec. 19, Yuga Labs confirmed it has appointed Daniel Alegre, the current president and chief…
Bitcoin ETF approval more likely under new SEC leadership, says Ark Invest CEO
"I think the probability of an ETF has gone up," said Cathie Wood 2413 Total views 13 Total shares Ark Investment Management founder and CEO Cathie Wood said the likelihood that U.S. regulators will approve a Bitcoin exchange-traded fund has gone up under the Biden administration.In an interview with CNBC’s Bob Pisani today, Wood said…
PlusToken Moves $67 Million to Unknown Wallet, Signalling a Potential EOS Dump
We only need to look to recent history for what this transaction means. 492 Total views 30 Total shares A wallet associated with alleged crypto Ponzi scheme PlusToken has moved 26,316,339 EOS tokens (worth over $67 million as of press time) to an anonymous crypto wallet created less than 24 hours ago. The transaction was…
Past Halvings in Review: Case for an Immediate Bitcoin Upsurge Is Flawed
The block reward halving of Bitcoin (BTC) has long been touted as an optimistic factor to drive the short-term price trend of BTC in the first half of 2020. Historical data, however, shows that the halving does not necessarily coincide with an immediate upsurge in the price of Bitcoin.On the Bitcoin network, miners create blocks…