No Respite for UMA as DeFi Token Plunges Another 8%; What to Watch?

The UMA Protocol continued to lose portions of its market capitalization on Friday as its native token of the same name plunged further. THE UMA/USDT exchange rate was trading at $12.81 as of 12:14 UTC, down about 8.5 percent into the European session. Lackluster volumes and low volatility appeared as the primary catalyst for the pair’s dismissive intraday performance. The latest sell-off in the UMA market followed its attempts to rebound higher in the last two daily sessions. UMA/USDT jumped Read more …

Uniswap Activity Sends Ethereum Gas Fees Sky High

The issue of high Ethereum gas prices isn’t going away anytime soon. Just last month, total daily fees on the Ethereum network managed to reach an all-time high of $8.6 million. Following a brief respite from high charges, the latest data from coinmetrics.io, for August 31, 2020, shows an alarming trend back towards that all-time high. Total daily fees for the end of last month reached $8.2 million. Considering the activity that has taken place since then, it would be Read more …

Switchere: Buy Crypto with CC, Pay with Local Banks, Swap and Sell Coins Online

Presently, the crypto market is witnessing an incredible growth and massive adoption worldwide. Digital transformation and tokenization give freedom to deployment of cryptocurrencies in everyday life. However, one thing worth careful considering is how to choose a trustworthy online crypto exchange without fearing to lose money because of fraud or poor service provision? The following article describes major cornerstones while opting for buying or selling coins with reference to licensed crypto exchange Switchere.com. High Demand for Reliable and Solid Online Read more …

Low house edge in Ethereum Casinos

Ethereum is the second most popular cryptocurrency in the world after Bitcoin and it has been around for more than half a decade. The best part about all cryptocurrencies is that when it comes to advantages over the FIAT, they all bring in the same characteristics. The only differences between them are the positive upgrades that they bring to the table. Ethereum Casinos for example, have brought 3 things that have improved upon the predecessor. These are even faster speeds Read more …

TOP 5 Best performing Crypto Bots -2020-2021

There is not just HODL in the life of crypto-enthusiasts, also there is trading. Whether for beginners in the field or for those who want to maintain a trading strategy up and running 24 hr a day, using a Bitcoin trading bot seems to be a fantastic option. Trading robots are spreading out in the financial markets, and the cryptocurrencies are no exemption. What is a Crypto Trading Bot? Trading robots are nothing more than trading techniques that when configured Read more …

Is it safe to play in a Bitcoin casino via mobile?

Ever since the switch of the gambling industry to the online, there have been many aspects that gamblers enjoyed more, compared to the physical casinos. But with those advancements, also came the flows that were inevitable in the online atmosphere. One of such flaws has always been the question of safety. The online fraud has become extremely dangerous in the last decade, with criminals finding new ways to steal money and personal information. Classic online Casinos are usually quite vulnerable Read more …

Analyst Sees Ethereum in “Reversal Stages” as Price Dips 20%

Ethereum is on the track of registering more losses eves as it trades 196 percent higher on a year-to-date timeframe. A pseudonymous analyst highlighted a string of technical and fundamental catalysts that could push the second-largest crypto lower. He first noted that ETH/USD is repeating a market setup from the mid-2019, wherein the pair early rallied strongly but then pared a majority of its gains. ETH/USD cycle from 2019 showing its massive downside correction following a major rally. Source: TradingView.com Read more …

Police summon Bithumb chairman for questioning over alleged fraud

The drama over alleged fraud involving Bithumb’s senior executives continues as the company’s chairman has reportedly been summoned for interrogation. The Seoul Metropolitan Police Agency is purportedly seeking to question Lee Jung-hoon, chairman of board at Bithumb Korea and Bithumb Holdings, according to a Sept. 18 report by South Korea’s state-run news agency Yonhap. As reported, Lee is allegedly accused of multiple fraud and embezzlement offenses regarding the failed listing of the BXA token. The purported fraud caused investor damages Read more …

South Korean Police Seize Shares From Major Bithumb Shareholder

South Korean police have seized shares in Bithumb, the country’s biggest crypto exchange. The shares belong to Bithumb Korea director and major shareholder Kim Byung-Geon. According to a local media report, the police raid – the third on the exchange this month – follows a September 14 ruling from the Seoul Central District Court. You want the latest news about Crypto? Then follow us on Google News! The seizure was executed on September 16 at Bithumb’s Gangnam office by accounting Read more …

Crypto in Iran – Can it help the country?

Over the years, Iran and the economy of the country went through a lot. The country had a lot of challenges, which are visible today as well. The situation seems to be very hard, and the country has a very hard time when it comes to international trade because Iran simply does not have the same access to the USD as other countries have. These problems are mostly caused by the sanctions introduced by the United States, and Iran has Read more …

Nvidia doesn’t want to give up its 2017 ‘crypto craze’ docs

The legal representatives of technology company Nvidia have argued that its investors are not entitled to access its internal records about the “crypto craze” of 2017 and 2018. During a trial in the United States’ Delaware Court of Chancery on Sept. 17, Nvidia’s counsel argued that the plaintiffs have failed to show a “credible basis” for why Nvidia should be compelled to hand over the requested company documents. Nvidia is facing a class-action lawsuit alleging that it misled investors as Read more …

Critical On-Chain Signal Predicts That Bitcoin’s Next Move Will Be Upward

As many analysts predicted, Bitcoin was cleanly rejected in the low-$11,000s on Wednesday due to a cluster of resistance in that region. $11,000 is a price point that BTC bounced off multiple times during last month’s consolidation. Critical on-chain data, though, predicts that the leading cryptocurrency is poised to move higher in the medium term. This adds to the bullish long-term perspective imposed by other on-chain data points. Related Reading: Here’s Why This Crypto CEO Thinks BTC Soon Hits $15,000 Bitcoin Read more …