Circling Yellens, Doubling Mellons, Dogging Coins and 20 Crypto Jokes

This cryptoweek, Circle revealed their USDC reserves after three years, and its CEO thought it good that Janet Yellen called stablecoins ‘national security’ concern. Numerous dog-themed coins flooded the market with pumps and dumps, while a Dogecoin fan sued Coinbase for allegedly “misleading” sweepstake ad campaign. Mastercard announced they'll use stablecoins in a simplified crypto

#ethgate Overshadows Big News But Helps Ethereum With Memes Amid Ethiopia Crisis

Today, the Cryptoverse found itself in a strange situation, as an alleged attempt by a major Bitcoin (BTC) bull to troll the Ethereum (ETH) community overshadowed more important news and eventually helped ETH to get more publicity at the expense of a struggling country. First, the important news. Mikhail Kalinin, a researcher at Ethereum-focused major blockchain

RUNE Recovers 11% After Crash and Thorchain USD 8M Hack

Following another hack suffered by blockchain protocol Thorchain, and the sharp drop in RUNE's price, the coin is now recovering. The price of the native token crashed 23% in a couple of hours between July 22 and 23 (UTC). It has gone back up 11% since then. At 7:45, it's trading at around USD 4. It's still down 13% in a day, and nearly 15% in a week. In the past year,

Ethereum’s MEV Vulnerability To Be ‘Less of a Problem’ – Buterin

Source: Adobe/H_Ko Ethereum (ETH) co-founder Vitalik Buterin claims that it is about to get more difficult for bad actors to exploit a vulnerability that allows them to attack the network, hurting it and its users. As reported, a "personal project" (now suspended) by developer and CEO of hackathon platform Eventornado, Edgar Aronov, has been much discussed recently, as it would allow

It’s Time to Build Ethereum Beyond DeFi and Price Focus – Vitalik Buterin

Vitalik Buterin. Source: A video screenshot, Youtube/Grand Amphi Théatre Ethereum (ETH) is more than decentralized finance (DeFi) and the focus on price, argued its co-founder Vitalik Buterin. According to him, it's primarily about utility and building out decentralized services that, ideally, combine both finance and non-finance. Ethereum and projects built of different blockchains are not

XLM Rallies as Stellar Is Said To Be Mulling MoneyGram Acquisition

Amidst the most recent news of potential acquisition involving US money-transfer giant Moneygram and the Stellar Development Foundation, stellar (XLM) rallied. At 08:52 UTC, XLM, ranked 17th by market capitalization, trades at USD 0.253 and is up by 17% in a day, 5% in a week, and 163% in a year. The price is still down by around 70% compared with its all-time high, reached

Goldman Sachs Ultra-Rich Clients Send Bullish Crypto Signals

Those companies whose job it is to manage the wealth and personal affairs of very rich people are now increasingly eyeing crypto, per a new survey. American financial giant Goldman Sachs Group claims that nearly half of the family offices it does business with want to add digital currencies to their investments, Bloomberg reported. The bank had conducted a survey that

Crypto Market Sentiment Drops; Uniswap Falls Most, Bitcoin Least

Source: iStock/da-kuk Following two consecutive weeks of a rise in market sentiment, the last seven days have brought another drop. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins fell from 5.03 recorded last week to 4.7 today, according to the market sentiment analysis service Omenics. There are no more coins in the positive zone either. As is expected with

Dogecoin Wannabes Flood The Market With Pumps & Dumps

Inspired by the dogecoin (DOGE) rally this year, dozens of meme coin opportunists tried to onboard this dog-themed altcoin bandwagon. And now, despite a few exceptions, most of these altdoges are standing with tucked tails while the value of these copies keeps going down. Ever since the world’s most famous meme coin, the first of all the doge coins, dogecoin (DOGE),

Testing Taproots, Getting Optimism and 20 Crypto Jokes

This week in the Cryptoverse! While some say that BTC could surpass USD 400K in ten years, Taproot is being tested on the testnet. The “almost feeless” IOTA NFT marketplace launched in test mode, Power Ledger migrated to Solana but kept its token on Ethereum, and Uniswap saw some major governance drama, which overshadowed the news that Optimism launched the Alpha L2 solution for Uniswap. As

Bitcoin Mining Difficulty Is Set to Drop to June 2020 Level This Weekend

Bitcoin mining rigs. Bitcoin (BTC) mining difficulty is set for another notable drop this weekend - this one dragging it down to the June 2020 level. Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, is expected to drop around 6% in less than two days, as mining pool estimates at 14:27 UTC. This would be the fourth-highest

PayPal US Users Can Now Spend More on Bitcoin in Week Than They Could in Year

Online payments giant PayPal has made a major change for their US customers - it now allows them to spend five times more on bitcoin (BTC), ethereum (ETH), and other supported cryptoassets a week. "As part of our efforts to meet the ever-changing needs of our customers, we are pleased to announce that we have recently raised the purchase limits of cryptocurrency for

Crypto Derivatives Giant Bybit Enters Spot Trading With More Products In Pipeline

Ben Zhou. Source: A video screenshot, Youtube/Bybit Major crypto derivatives exchange ByBit launched a spot trading pilot today and they have more products in the pipeline amid growing competition in the sector, Ben Zhou, the CEO of the company, told According to him, the platform saw more than USD 1trn worth of cryptoassets change hands in 2020. ByBit says it serves more than

Bitcoin May Surpass USD 66K in 2021 and USD 400K by 2030 – ‘Panel of Experts’

Source: Adobe/STEKLO_KRD By the end of this year, bitcoin (BTC) may hit the USD 66,000 level, as well as rise above USD 400,000 by the end of 2030, according to the median price prediction by 42 industry players, surveyed by a comparison platform and information service Finder. Though there are some more pessimistic outlooks, such as BTC dropping to USD 100. Authors Madeleine Gracie and Tim Falk

ECB Starts Digital Euro Project With Two-Year Investigation

The European Central Bank (ECB) has just announced that Eurosystem has formally launched its central bank digital currency (CBDC) project to prepare "for the possible issuance of a digital euro." The Governing Council of the ECB has decided today to launch the investigation phase of a digital euro project, which is set to last 24 months, said the press release.

What Is This Uniswap Governance Drama About?

The Uniswap logo. Major decentralized exchange (DEX) Uniswap (UNI) has been swept into a controversial story since yesterday, as a decentralized finance (DeFi) education-focused fund abruptly sold off half of the assets allocated to it by Uniswap governance - raising a number of questions on decentralization, Uniswap's governance, transparency, and project accountability. On July

Ethereum and Uniswap Tank Despite Optimism News

Decentralized finance (DeFi) startup Optimism has launched the long-awaited Alpha layer-two (L2) solution for major decentralized exchange (DEX) Uniswap (UNI) through the Optimistic Ethereum (OΞ) mainnet. Despite the news, both ethereum (ETH) and UNI dropped together with the rest of the market. Given that Uniswap's transactions are done on Ethereum, it implies very high

Bitcoin’s Taproot Enters Testnet

While the major Bitcoin (BTC) upgrade Taproot usually makes headlines, a significant development seems to had flown under the radar - its activation on the testnet. Bitcoin developers, including Athony Towns, confirmed that Taproot has been successfully activated on the testnet last week. Missed it but Taproot locked in on Testnet last thursday— ₿ENTHECARMAN

Surprise! An ESG-Conscious Giant Increases Indirect Exposure to Bitcoin

In the midst of major and ongoing ESG (environmental, social, and governance) debate, an ESG-conscious US-based investment giant, Capital Group, is increasing its indirect exposure to bitcoin (BTC). This time, via a more than half a billion dollars investment into software developer and major BTC bull MicroStrategy, while several more crypto-related companies are already on

‘Intelectual Posturing’ Highlights Ethereum’s Extractable Value Vulnerability

A "personal project" by a developer might bring even more controversy into the so-called Miner Extractable Value (MEV) practice on the Ethereum (ETH) blockchain, possibly tempting some miners to extract all the value they can from Ethereum before it moves to a proof-of-stake consensus mechanism (PoS), as this move is forcing them to look for new revenue streams.