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” Celsius token CEL rises 300% in one week amid a GameStop-like ‘short squeeze’ event “ The price of CEL, the native token of Celsius Network, has almost quadrupled since June 19 in what appears to be a frenzy stirred up by day traders. CEL price short squeeze CEL’s price rose from $0.67 on June…
” Ukraine sells CryptoPunks NFT donation for 90 ETH, worth over $100K “ It took cross-border sanctions and an escalating war for the Ukrainian government to realize the importance of cryptocurrencies as it witnessed uninterrupted monetary aid in the form of crypto and nonfungible tokens (NFT). In a continued effort to aid the needs of…
” Chinese court invalidates 2019 car sale made using now worthless crypto token “ Last week, a WeChat post published by the Shanghai Fengxian Court began circulating in crypto circles with regards to its recent ruling on a car sale in May 2019 made using digital currency. At the time, the buyer, identified only as…
” Price analysis 6/20: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX “ The crypto markets have been in a strong bear phase for the past several months but JPMorgan Chase analysts expect that to change and they havprojected a significant upside from the current levels. The analysts cited the rising share of all…
” Why the crypto market crash may play in Bitcoin’s favour “ Natalie Brunell, the host of Coin Stories podcast, thinks that the recent incidents involving Terra and Celsius and the following market sell-off will lead to regulatory action that will likely favour Bitcoin over the rest of cryptocurrency. “I’m going to be watching for…
” Scams in GameFi: How to identify toxic NFT gaming projects “ Over the last couple of years, games using blockchain technology have been actively developing and attracting new players, and the decentralized games market — broadly referred to as GameFi — has gained great popularity. The GameFi industry started back in 2013, and since…
” Record stablecoin market share points to crypto upside: JPMorgan “ The rapid surge in share of stablecoins like Tether (USDT) in the cryptocurrency market may point to an upcoming crypto upside, according to analysts at the American investment bank JPMorgan Chase. The percentage of stablecoins in the total crypto market value has been on…
” Synthetix racks up over $1M in daily fees as SNX token value surges 100% “ Layer-2 scaling solution Synthetix recently collaborated with liquidity provider Curve Finance to create Curve pools for sETH/ETH, sBTC/BTC, & sUSD/3CRV, allowing investors to cheaply convert synths such as sETH to Ether (ETH). Given the investors’ willingness to hold tokens…
” Top 5 cryptocurrencies to watch this week: BTC, SOL, LTC, LINK, BSV “ Bitcoin (BTC) plummeted to $17,622 on June 18. This marked the first time in Bitcoin’s history that it has fallen below its previous cycle high. The United States Federal Reserve’s aggressive monetary tightening, a crisis at crypto lending platform Celsius and…
” Elon Musk’s support for Dogecoin grows stronger following $258B lawsuit “ Not even a $258 billion class-action lawsuit alleging a crypto pyramid scheme could stop Elon Musk from publicly displaying his continued support for Dogecoin (DOGE). On June 16, a New York district court received a class action complaint against the world’s richest man…