Category: Blockchain

Maker Hits a New All-Time High Close to the $5,000 Mark

Maker is the first Ethereum-based smart contract system to launch an automated cryptocurrency lending platform.  Maker provides the first decentralized basic stable currency Dai (which can be compared and analyzed as the U.S. dollar on Ethereum) and a derivative financial system, promoting the prosperity of decentralized finance (DeFi). Dai is issued through a full mortgage

Why Bitcoin Needs to Break $60K Soon

After nearly touching highs of $65,000, Bitcoin has pulled back significantly. At the time of writing, the cryptocurrency is trading at 53,755.98$, down 3% in the last 24 hours. Bitcoin spiked to touch $64,870 ahead of Coinbase’s public listing last week but has since retreated to the $53K-$55K level. Although a natural correction is normal

Solana (SOL) Surges by 230% on a Year-to-Date Basis to Hit a New High

Solana was founded in 2017 as a completely open-source public blockchain, designed to provide decentralize finance (DeFi) solutions in a scalable manner. Solana’s total transactions exceed 15 billion. Solana is capable of more than 1,000 transactions per second (TPS), which is about 60 times the current Ethereum network is capable of processing – about 15 TPS, according to data

Rothschild Investment Trust Acquires Stake in Kraken Cryptocurrency Exchange

RIT Capital Partners, formerly known as the Rothschild Investment Trust, has acquired a stake in the US cryptocurrency exchange Kraken. Investors on the trust were informed about the stake during a webinar hosted by institutional stockbroker Numis Securities. In a note to investors dated April 12, Ewan Lovett-Turner, director and head of investment companies research

Ethereum Settled Transactions Worth $1.5 Trillion in Q1 of 2021

With a market capitalization of $265.54 billion and a price of $2,386, Ethereum (ETH) continues to showcase its considerable potential in the crypto space. The second-largest cryptocurrency has enjoyed a remarkable bull run thanks to mainstream adoption and booming decentralized finance (DeFi) and non-fungible token (NFT) industries. For example, in March, payment giant Visa Inc.

Is Ethereum Eyeing A New All-Time High?

Ethereum (ETH) is up by 9.77% in the last 24 hours to trade at $2,428 at the time of writing, according to CoinMarketCap.  The second-largest cryptocurrency based on market capitalization has enjoyed a remarkable bull run ever since it breached the previous record of $1,400 set in 2018. ETH recently set a new all-time high

Monero (XMR) Hits a Three-Year High

With the rapid development of the decentralized market, Monero (XMR), a privacy-focused cryptocurrency has received widespread attention. The price of XMR hit a new three-year high, just in time to celebrate its 7th anniversary. Monero is an open-source cryptocurrency based on RandomX formerly CryptoNote and was created in April 2014. It focuses on privacy, decentralization, and scalability.

Fintech CEO Pleads Guilty to ICO and COVID-19 Loan Fraud in the US

Sheng-Wen Cheng, a 24-year-old Taiwanese national, pled guilty to Initial Coin Offering (ICO) and COVID-19 loan fraud in the United States of America. According to an announcement released by the United States Department of Justice, Justin Cheng pled guilty to major fraud against the United States, bank fraud, securities fraud, and wire fraud in connection