Crypto news
BSC whales have been taking up Cardano (ADA) despite the price not looking up
The largest BNB whale recently acquired in excess of 5.1 million worth of ADA BSC whales have also been dabbling in Dogecoin and ALPHA tokens On-chain monitoring tool WhaleStats revealed that the biggest BNB whale added $5.1 million worth of ADA to their portfolio on Sunday. The blockchain service, which tracks the top hodlers on the BSC and the tokens they own, published the information on its BSC-focused Twitter account @WhaleStatsBSC. More specifically, the giant investor copped 5,367,075 ADA tokens for a price of $5,106,208. To note is that the tokens in question are ADA BEP20 tokens, which exist purely on the BNB Chain. They are not actual ADA (Cardano native) tokens but rather tokens tied to ADA’s price on Binance’s chain, meaning such tokens cannot be transferred t...
pSTAKE Finance brings liquid staking and a new airdrop to the Cosmos ecosystem
One of the most significant transitions to occur for the cryptocurrency ecosystem since the launch of Bitcoin (BTC) has been the increasing dominance of proof-of-stake (PoS) protocols over the proof-of-work (PoW) model, primarily due to energy requirements of the PoW model and growing concern over its environmental impact. As more projects launch or transition to the PoS model, a new class of protocols have emerged that are focused on offering liquid staking options that allow token holders to tap into the value held in their staked tokens while still earning a yield for locking their assets on the network. pSTAKE Finance is one of these platforms and here’s a brief look into its long-term goal of adding utility to the proof-of-stake model and how it differs from similar protoc...
FriesDAO scoops up fast food franchises as part of its crypto governance experiment
A new proof of concept decentralized autonomous organization, or DAO, called FriesDAO wants to democratize access to the fast food industry. Cointelegraph spoke to FriesDAO advisors Brett Beller and Bill Lee about their mission to be a “part of something that will connect crypto and virtual ownership to real-world assets.” FriesDAO aims to acquire and scale fast food restaurant franchises like Popeye’s, Burger King and Taco Bell by inviting FRIES token holders to run a decentralized network of Quick Service Restaurants, or QSR. Starting with Subway franchise owners, the FriesDAO team hopes to guide their partners about the blockchain space. What “started as a joke” turned into a serious proposition when they realized there “was a hole for people that were ready to run...
Law Decoded: Bitcoin’s censorship resistance capacity enters the spotlight, Feb. 14–21
Amid the barrage of last week’s regulatory news, from rumors of Joe Biden’s upcoming executive order on digital assets to another round of the Russian government’s crypto tug of war, the storyline that was arguably the most consequential for the mainstream narrative on the social effects of crypto has been the one around the Canadian government’s standoff with the Freedom Convoy. The government’s invocation of emergency powers to put down a protest movement — combined with the movement’s financial infrastructure being one of the main attack vectors — has led many observers to appreciate with renewed vigor Bitcoin’s capacity to resist state financial censorship. If a government as “civilized” as Canada’s can arbitrarily cut off a group it doesn’t like from the financial system, then any sta...
Komodo (KMD) rallies 54% after major push to expand interoperability with AtomicDEX
Interoperability between separate blockchain networks has become a major theme in the cryptocurrency market over the past year, but several major exploits — such as the $321 million Wormhole exploit — have highlighted the difficulties in achieving cross-chain transfers in a secure manner. One protocol that has been gaining traction in February thanks to its alternative approach to achieving cross-chain interoperability is Komodo, an open, composable multichain platform that is home to the AtomicDEX wallet and non-custodial decentralized exchange. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.446 on Feb. 20, the price of the platform’s KMD token surged 54% to a daily high of $0.687 on Feb. 22. KMD/USDT 4-hour chart. Source: TradingView Three r...
Huobi is planning a comeback in the US market, but not as an exchange
Huobi Tech co-founder Du Jun confirmed in an interview that the exchange is mulling a return into the US The exchange is, however, seeking to re-enter the market in the lines of asset management as opposed to an exchange Crypto exchange Huobi has plans to enter the US market, targeting a different sub-niche. Speaking in an interview with CNBC’s Arjun Kharpal, Huobi co-founder Du Jun expressed the company’s desire to expand into the US. Jun explained that Huobi was ready to get back into the competitive US market after redefining its strategy. The Huobi brand operated in the US market for a short while between 2018 and 2019 through– a US-based entity called Huobi US. The entity failed to stick the landing and consequently withdrew from the market in December 2019, citing regulat...
2nd Release By Former Bored Ape Yacht Club Artist: Sneaky Vampire NFT Collection
Los Angeles, California, USA, February 20, 2022 – Sneaky Vampire Syndicate (SVS) is an independent NFT project by former Bored Ape Yacht Club artist Mig which previously gained massive popularity. The artist officially announced they’ll be releasing their 2nd NFT collection called Sneaky Vampire. The collection consists of 12,345 female vampires that will join their 8,888 male counterparts from the first collection in The Lair. The Lair is the place all vampires call home – existing in the Metaverse away from the harmful sunlight and pesky Vampire Hunters. Mig collaborated with Superand, a team of veteran cryptocurrency leaders and developer in a joined effort releasing the first collection of 8,888 male vampires last year in September 2021. So far, this collection generated over 21,6...
FTX.US job posting reveals blockchain gaming unit in the works
FTX.US, the American arm of the global crypto derivative and spot exchange FTX, seems to be launching a new blockchain gaming unit. As per a job posting by the crypto exchange, the firm is looking for software developers for its upcoming blockchain and gaming unit. The new gaming unit will be focused on bringing more gaming developers to the blockchain-based gaming ecosystem that incentivizes players via crypto tokens and nonfungible tokens (NFTs). The job posting revealed that the exchange is looking for software engineers with a robust knowledge of the C# programming language and the Unity gaming engine. FTX didn’t respond to Cointelegraph’s requests for comments at the time of publishing. Reportedly, the new platform would be catered as “crypto-as-a-service” that would...
Solana’s weekend bounce risks turning into a bull trap — Can SOL price fall to $60 next?
A rebound move witnessed in the Solana (SOL) market this weekend exhausted midway as its price dropped below the $90 level from a high of $96 on Feb. 21. In doing so, SOL price technicals are now risking a classic bearish reversal setup. Solana price risks dropping to $60 Dubbed head-and-shoulders (H&S), the technical pattern emerges when the price forms three peaks in a row atop a common support level (called a neckline). As it typically turns out, the pattern’s middle peak, called a “head,” comes longer than the other two peaks, called theleft and right shoulders, which come to be of similar heights. The H&S pattern tends to send the prices lower—at length equal to the maximum distance between the head and the neckline—once they decisively break below its ...
Cointelegraph’s Top 100 in Crypto and Blockchain list reaches the halfway mark
The Cointelegraph Top 100 continues to bring you the most influential, analytical and artistic people who shaped the crypto industry in 2021. While 2022 has been a rough ride so far, last year had enough ups and downs to prepare a Top 100 list that also portrays the crypto and blockchain landscape of one year in history. It’s impossible to populate a list in any niche that would be universally accepted; therefore, the criteria for making the list this year were unconventional in many ways, as the Cointelegraph team spent numerous hours finding the trendsetters over the past year who not only had a fruitful 2021 but are likely to continue shaping the industry in 2022. DISCOVER COINTELEGRAPH’s TOP 100 IN CRYPTO AND BLOCKCHAIN 2022 During the 10-day countdown, four days have already passed, s...
Russia’s Finance Ministry introduces digital currency bill, brushes off Central Bank’s objections
Russia’s Ministry of Finance has upped the stakes in its drawn-out showdown against the country’s Central Bank by formally introducing a bill that proposes to regulate digital assets rather than banning them. On Feb. 21, the Ministry introduced a draft of the federal law “On digital currency” to the government. This stage of the legislative process precedes the bill’s introduction to the parliament for consideration. The agency cited the “formation of a legal marketplace for digital currencies, along with determining rules for their circulation and range of participants” as the rationale for the initiative. Emphasizing that the bill does not seek to endow digital currencies with legal tender status, its authors define cryptocurrencies as an investment vehicle. The bill proposes a licensing...
OpenSea’s trading volume marginally above LooksRare’s – Here’s why
LooksRare has fallen back in trading volumes after it was confirmed that developers cashed out more than $30 million in wrapped ETH OpenSea suffered a phishing attack over the weekend that resulted in $1.7 million in stolen NFTs The NFT marketplace space has been in a frenzy over the last few days. The two major players – LooksRare and OpenSea, have made headlines for different reasons. LooksRare’s woes In LooksRare case, issues first emerged from reports that came out last week indicating that the marketplace’s developers had taken out at least $30 million in ETH rewards. While a LooksRare team member clarified that the finances were intended to compensate for the unpaid work and investment the team completed during the project’s development, the marketplace seems to hav...
