Category: Cryptocurrency News

The agency says the exchange gave false information in person and in documents in its 2017 bid to be among the first to offer Bitcoin futures contracts.

Spanish crypto exchange company Bit2me and the fund manager Inveready presented today the first HUB dedicated to Web3.0, a new Crypto HUB that will provide services to startups in the sector through a venture builder (Wagmi) and a crypto startup accelerator. The creation of the Web3Hub is evidence of Bit2Me and Inveready’s commitment to innovation…
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BTC price lost the momentum that pushed it to $32,300 on May 31, but this week’s option expiry could help bulls recapture the key price level.

Would it be possible to create a smart contract for an NFT where everytime a product I made sold, a predetermine % of the revenue would be sent to the holder of that NFT? submitted by /u/yungwhiteout [link] [comments]

As the crypto market has taken a turn for the worse, institutional investors are phasing out their investments in Ethereum. The digital asset had been the victim of multiple outflows that had tanked its total AuM (Assets under management) and this trend has continued this week. Instead of moving to a larger competitor, Bitcoin, institutional investors are now moving to networks that are in direct competition with Ethereum. Big Money Leaves Ethereum To Algorand Algorand is one of the leading competitors of Ethereum which has been making waves in the decentralized finance (DeFi) space. Due to this, more institutional investors have been choosing to pitch their tent with the smart contract platform. What this has led to is the movement of institutional investors out of Ethereum and into competitors like Algorand. Related Reading | Cardano TVL Jumps 30% In 24 Hours As It Recovers To $155 Million Data from last week shows that while Ethereum continues to fall out of favor with big money, Algorand has been right behind it to soak up all of the inflows. This saw inflows into the DeFi protocol reach $20 million. It is a new high for the digital asset and is evidence of growing interest in other DeFi protocols besides Ethereum. As for the leading smart contract platform, outflows continue to rock the asset. It saw a total of $11.6 million leaving last week. This has brought its year-to-date outflows to a staggering $250 million. Compared to other altcoins, Ethereum has had the worse luck among institutional investors. ETH trading below $2,000 | Source: ETHUSD on TradingView.com These other altcoins, which happen to be DeFi protocols, also recorded inflows for the year. Solana and Tron managed $1.8 million and $0.4 million in inflows respectively, indicating that big money remains bullish on these altcoins. A Not Too Bad Week For other coins in the market, last week proved to be not terrible. For example, inflows into bitcoin were $69 million. It may not be as high as other weeks of inflows have been but it speaks volumes about how institutional investors are viewing the market even through the present downtrend. Last week’s inflows brought bitcoin’s year-to-date inflows to $369 million, the opposite of Ethereum, which has been dominated by outflows. One thing to note though is that BTC’s AuM has declined to the lowest point since July 2021. This is not a direct result of institutional investors not putting money in bitcoin. Rather, it is due to the decline in the value of the digital asset over the last couple of weeks. Related Reading | Bitcoin Dominates Derivatives Market To End May On A High Note Other vehicles also enjoyed inflows into them. Multi-asset has been a long-time favorite of institutional investors and this shines through even in a bear market as inflows totaled $4.8 million last week. Short bitcoin inflows also reached $1.8 million.  Across the pond, the European market is starting to see a light at the end of the tunnel. After more than a month of consistent outflows, Europe’s inflows reached $15.5 million. However, North America continues to dominate with total inflows coming out to $72 million. Featured image from CryptoSlate, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… 

PRESS RELEASE. There are more than 300 crypto-exchanges nowadays, almost all of them offer the same mediocre features that are identical to the leading exchanges such as Binance. MemeBank is not a lazy copy of the successors but an ambitious project that aims to drive revolutionary changes. According to its official announcement, MemeBank($MBK) will soon […]

There are currently 38 projects deployed on the Ethereum layer-2 network. More are expected as attention shifts to scalability.

Over two weeks after the Terra LUNA and UST fallout, a whistleblower dubbed “Fatman” published an alleged chat log between the project’s co-founder Do Kwon, Terra validators, and infrastructure providers from the Terra blockchain community. If the chat log is legitimate, Fatman claims the document proves over 50 people “knew about the [network] halt before […]

Bifrost, a cross-chain liquid staking derivative protocol, has just won the 18th Polkadot parachain slot. Bifrost is now planning on bridging from Kusama using the Polkadot multi-chain infrastructure to bring cross-chain liquid staking to over 80% of public PoS chains. Note, Bifrost won Kusama’s fifth parachain slot on July 20, 2021. Currently, Bifrost has developed…
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Some stablecoins have failed to deliver the dollar’s stability to crypto traders long before TerraUSD’s collapse.