Day: October 4, 2021

Shiba Inu Surges 70 Percent, Outperforming Dogecoin

Shiba Inu (SHIB) has stunned the cryptocurrency community with its stellar really, soaring more than 70% within a single day. Image by SHIB, which was created as a Dogecoin offshoot, has managed to significantly outperform the original canine cryptocurrency, which is currently up 10 percent over the last 24 hours. Shiba Inu has recorded

Facebook, Instagram Went Down for Hours as Bitcoin Advocates Took Shots

Facebook and related services such as Instagram, WhatsApp, Messenger, and Oculus went down for several hours today, with the social media giant citing “networking issues” behind the global, widespread outages. Reports suggest that the outages were tied to DNS issues, with cybersecurity reporter Brian Krebs writing that DNS records were “withdrawn this morning from the

FTX to Flex Political Muscle in DC With Crypto PAC: Sources

Cryptocurrency giant FTX is planning to advocate for crypto interests in Washington, DC, with the launch of a Political Action Committee, or PAC, according to two sources familiar with the matter. A PAC is a corporate vehicle that can donate up to $5,000 to any political candidate and, in the case of so-called Super PACs,

Following El Salvador, Tongan Parliament May Consider Bitcoin As Legal Tender

A politician in Tonga is striving to draft a bill to make bitcoin legal tender in Tonga. Tonga May Follow El Salvador in Bitcoin Adoption Tongan MP Lord Fusitu’a is drafting a bill to make Bitcoin a legal tender in Tonga. In a interview with Financial Review, Fusitu’a revealed that an El Salvador-style Bitcoin bill

DeFi Protocol Stake Steak Suffers Exploit, Token Plummets 93%

Fantom DeFi protocol Stake Steak has suffered an exploit allowing a hacker to mint massive amounts of the protocol’s STEAK token, causing the price to crash over 93%. Stake Steak Protocol Attacked Another DeFi protocol has been hacked, this time on Fantom. Stake Steak, a DeFi protocol that aims to keep the fUSD and USDC

Bitcoin, Ethereum Poised to Retrace Before Further Gains

Bitcoin and Ethereum have flashed sell signals after posting significant gains. Although the bearish formations have proven accurate in the past, heightened buying pressure could quickly invalidate the short-term pessimistic outlook and lead to higher highs. Bitcoin Trades in Tight Range Bitcoin and Ethereum could be facing a correction. Bitcoin appears to have slowed down

JPMorgan CEO Says Bitcoin Has No Intrinsic Value After Claiming That Its Price Could Rise 10X

In a recent interview with Axios, JPMorgan CEO Jamie Dimon took aim at Bitcoin, claiming that the number one cryptocurrency by market capitalization has no intrinsic value. Dimon also predicted that governments would crack down hard on cryptocurrencies: It’s got no intrinsic value. And regulators are going to regulate the hell out of it. His

‘Not Just Bitcoin’: Bank of America ‘Bullish’ on Ethereum, DeFi and NFTs

Bank of America, the second-largest bank in the United States has given mixed messages on crypto in the past—including slamming Bitcoin as “slow” and “impractical” in a March research note. But now, the global research division of the banking giant is sounding very positive about the future of the wider crypto industry, even describing itself

MEV Protection Project Alchemist Rallies on Deal Rumors

MIST, the native token of the MEV protection project Alchemist, has rallied after rumors of a partnership with the decentralized exchange Uniswap circulated online. Alchemist Rumored To Partner With Uniswap Alchemist’s native token has rallied on rumors of a new partnership with Uniswap. According to social media reports, Uniswap may soon be deploying Alchemist’s mistX

BREAKING: Judge Allows XRP Holders to Assist Court in SEC vs. Ripple Case

Federal Judge Analisa Torres has denied XRP holders’ motion to intervene in the U.S. Securities and Exchange Commission’s case against blockchain company Ripple since it would “unduly delay the action.” There is, however, a silver lining. The movants can now proceed as amici curiae (Latin: “friends of the court”), meaning that they will be able

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