Author: hotcrypto
Dubai, UAE, Sept. 01, 2022 (GLOBE NEWSWIRE) — OpenSky Finance launched on Ethereum mainnet. NFT holders can stake their BAYC, CryptoPunks, or MAYC NFTs to take out an Instant loan for up to 40% of the floor price. OpenSky borrowers can also pledge their BAYC, CryptoPunks, MAYC, Moonbirds, Doodles, Azuki, and 11 additional whitelisted NFT collections to make a peer-to-peer loan offer. OpenSky Finance is the first integrated peer-to-pool and peer-to-peer NFT lending protocol built on top of Aave, the leading DeFi money market. OpenSky Finance has received grants from AAVE Grants DAO, Rarible Protocol and Alchemy and has raised…
Photo: 123RF Under-pressure cryptocurrency trading platform BitPrime has been put up for sale, after failing to secure a capital injection, RNZ has been told. The local company, which is one of the bigger players in the domestic market, was forced to suspend trading on its platform in May, after a “perfect storm” of a decline in trading, rising costs and a volatile crypto market created liquidity issues. RNZ reported in June that the firm had secured bridging finance and resumed its over the counter service, while it negotiated with three unnamed parties about a potential recapitalisation plan. At the time,…
The launch of El Salvador’s bitcoin bonds, issued to finance part of the construction of the Bitcoin City in the country, will be delayed again. In a recent interview Paolo Ardoino, CTO at Bitfinex, the exchange in which these bonds will be offered, stated that the law framework needed for the issuance of these digital securities is still not ready. El Salvador to Delay Bitcoin Bonds Launch The launch of the iconic bitcoin bonds of El Salvador, which will serve to fund the construction of the Bitcoin City announced last year, will be further delayed, according to reports coming from…
Solana was back in the red on Thursday, as the token fell towards a three-month low in today’s session. The decline comes as cryptocurrency markets fell lower, trading down by as much as 2.39% as of writing. Litecoin was a notable exception, climbing for a second successive session. Solana (SOL) Solana (SOL) was down by over 5% during Thursday’s session, as prices moved closer to a multi-month low. Following a high of $32.38 on Wednesday, SOL/USD slipped to a low of $30.51 earlier in the day. This decline pushes SOL closer to its floor at $29.90, which is also its…
Shiba Inu (SHIB) was the meme coin created to flip the value of Dogecoin (DOGE), and it’s well on its way, comparing the market cap of the two coins. On the other hand, GALA was the coin created to power Gala games in a play-to-earn ecosystem that has seized the crypto-verse. Now, it’s time for Klangaverse (KLG) as the coin to bring value to music artists and their fans all on one app and network. Undoubtedly, the music industry is one of the most booming industries globally, generating over $43 billion yearly. However, the artists that create the music only…
Recent VeChain price analysis has been bearish as the cryptocurrency has fallen below a key support level. The digital asset is currently trading at $0.02364 and is down by 2.74 percent in the last 24 hours. Support for VET/USD is present at $0.02339 while resistance lies at $0.02458. The 24-hour trading volume for the coin is $64,053,021 and the market capitalization is at $1,732,297,795. The digital asset has been on a downtrend since the beginning of today as it failed to break out above the $0.03 level. The price pulled back below the $0.025 level and found support at $0.02339.…
Kyle Roche’s law firm should be terminated from a class action suit against crypto exchange Bitfinex and affiliate Tether because recordings of the attorney raise questions about his motivations, company lawyers said.“Roche’s statements raise grave concerns,” Debevoise & Plimpton partner Elliot Greenfield wrote in a filing Wednesday in the Southern District of New York on behalf of Bitfinex and Tether. Roche, founding partner of Roche Freedman, filed motions Wednesday to withdraw as counsel in separate actions targeting Bitfinex/Tether and Tron, an issuer of digital tokens. He took the action after denying allegations he had teamed up with client Ava Labs…
CNBC host Jim Cramer is advising investors to avoid meme assets and altcoins after the Federal Reserve announced further interest rate hikes. In a new Mad Money segment, Cramer says that investors should steer clear from meme tokens such as Dogecoin (DOGE) and Shiba Inu (SHIB). He also cautions against Ethereum (ETH) scaling solutions such as Polygon (MATIC) and Optimism (OP), and smart contract blockchains like Polkadot (DOT), Avalanche (AVAX) and Cosmos (ATOM). Furthermore, Cramer warns against special-purpose acquisition companies (SPACs), Initial Public Offerings (IPOs) and a slew of other digital assets. “I need you to stay away from the…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Jake Boyle of Caleb & Brown discusses crypto markets and what investors should watch for the rest of 2022. This news is republished from another source. You can check the original article here
What happened Today’s rather bumpy price action in the stock market is reverberating through cryptocurrencies once again. As of noon ET, Ethereum (ETH 0.41%), Dogecoin (DOGE 0.11%), and Solana (SOL -3.31%) declined 1.8%, 1.6% and 3.6%, respectively, over the past 24 hours. Today’s price action appears to be driven by increased concerns around higher interest rates, as shorter-dated bond yields hover around levels not seen since 2007, which was prior to the Great Recession. For these major cryptocurrencies, which have continued to trade in historically high correlation to equities, the pain is being felt across the sector. Additionally, record-high levels of open interest leverage…