Category: Blockchain

DODO DeFi Token: Everything You Need to Know

DODO is a decentralized exchange operating on the Ethereum blockchain that utilizes the algorithm of the Proactive Market Maker (PMM) to provide users with tokens to earn transaction fees. According to DeFi Pulse data, DODO’s native token DODO is now ranked 37th with a $59.1 million total value locked in the decentralized finance (DeFi) market. It

Bitcoin Bleeds Across the Board as BTC Drops to a 6-Week Price Low

Bitcoin (BTC) tumbled by 9.08% in the last 24 hours to trade at $49,262 at the time of writing, according to CoinMarketCap. This price slump resulted in the leading cryptocurrency dipping below the psychological mark of 50k after hitting record-highs of more than $64k in the recent past.  Market analyst Joseph Young believes that fear

Bitcoin Flash Crashes to $48K Amid Panic over Cryptocurrency Taxation

After Bitcoin (BTC) hit its all-time high of $64,895 on April 16, the cryptocurrency retreated downwards, plunging to its lowest level since March. It is trading around $47, 931 at the time of writing. A tweet by FXHedge attracted widespread attention last weekend, which claimed that the U.S. Treasury Department was cracking down on money laundering involving

Ethereum’s Price Drops By More Than 10% from a Record High of $2,600

This week, the overall crypto market has been sluggish. However, Ethereum has set a new high, hitting $2,644 yesterday and outperforming major cryptocurrencies. However, the bullish trend did not continue today. As Bitcoin’s price trend weakened and fell below the $50K mark today, the entire cryptocurrency market is currently in a state of chaos, and

Turkish Crypto Exchange Goes Bankrupt, Customers Locked Out of Their Funds

Turkish cryptocurrency exchange Thodex has abruptly halted its trading operations without giving customers prior notice. Faruk Fatih Özer – the CEO of Thodex cryptocurrency exchange – has gone missing at a time when customers have filed complaints alleging millions of dollars have been stolen. The shocking incident has left more than 391,000 active customers unable

U.S. House of Representatives to Create Crypto Task Force Joining SEC and CFTC Members

The US House of Representatives passed a bill dubbed “Eliminate Barrier to Innovation Act of 2021” (H.R. 1602). The bill aims to create an entity predominantly made up of employees from two regulatory bodies, the US Securities and Exchange Commission (SEC) and the Commodities and Futures Trading Commission (CFTC), with the goal of overseeing cryptocurrencies