Sky doubles down on token overhaul: Making MKR unusable, launching subDAOs
Rune Christensen, the co-founder of Sky, says the ultimate goal is to turn MKR into a wrapper that represents 24,000 SKY.
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XRP Accounts for Over 50% Of All Crypto Transactions in Last 24 Hours
The number of daily XRP transactions is going through the roof, nearing an all-time high of 1.70 million.Daily transactions boom to 1.6 million According to the crypto data tracker BitInfoCharts, XRP’s daily transactions now account for more than 50% of all the cryptocurrency transactions during the last 24 hours. Ether (ETH) comes in second, while Bitcoin…

Bored Ape NFT holders to receive ApeCoin: ‘The Dogecoin of NFTs’
ApeCoin will be distributed among owners of BAYC NFTs and is set to be used as the “primary token” in a new ecosystem of play-to-earn games from Yuga Labs and Animoca Brands. 75 Total views 1 Total shares Owners of Bored Ape Yacht Club (BAYC) NFTs — including celeb holders like Eminem, Steph Curry, Jimmy…

Fed Chair Blames Coronavirus, Not ‘Usual Suspects’ for Crashed Economy
The latest words from Jerome Powell suggest that there is little need to address monetary policy to avoid another market crash. 1130 Total views 19 Total shares The worst recession since World War Two and its fallout was not the fault of the fiat money system, according to the chairman of the United States Federal…

Crypto Markets See Mild Green, European Stocks Report Record-Breaking Calm
Wednesday, May 1 — after yesterday’s positive market momentum, most of the top twenty cryptocurrencies are seeing mild green on the day at press time, seeing typical growth of between 1 and 7%, as Coin360 data shows.Market visualization courtesy of Coin360Bitcoin (BTC) is up 0.89% on the day and is trading at $5,399 by press…

Orchid CEO ‘More Interested in the Long-Term’ Than Recent Price Dump
After a product launch and simultaneous Coinbase Pro token listing, Orchid Labs’ OXT token found itself down more than 20% in value by Dec. 18, as Cointelegraph detailed in a brief. Responding to the activity, Orchid’s CEO said the business has more of a long-term focus.“It’s obviously my responsibility as a CEO to be concerned…

BitGo expands into retail market with new trading platform
After announcing recent moves into stablecoins and native tokens, BitGo is now targeting retail clients.

X-Spot granted trademark injunction against Huobi Global in Hong Kong
The ruling only applies to the use of the trademark in Hong Kong until a final decision is issued at trial. X-Spot Global Limited, a company owned by Huobi Global exchange (now HTX) co-founder Leon Li, has won an injunction against Huobi Global for the latter to cease its use of the Chinese-equivalent "Huobi" trademark

On the fence: If this is a crypto bear market, how long can it last?
It has now been three months since Bitcoin’s price peaked at an all-time high just shy of $65,000. For most of the last two months, Bitcoin (BTC) has been trading in the $30,000–$40,000 range, as much as 54% lower than its peakThe downturn came at a time when many analysts were predicting exactly the opposite…