Cryptocurrency News

John Cena calls his own NFT sales a 'catastrophic failure'Professional wrestler and actor John Cena said fans only purchased 7.4% of his World Wrestling (NYSE:WWE) Entertainment, or WWE, nonfungible tokens (NFTs) that he made available last month.Speaking at Florida Supercon 2021 on Sept. 12, Cena said it was a mistake to market his WWE NFTs as part of a package with physical collectibles — a ha

Finance Redefined: Maverick Vitalik in Time Mag, Sept. 13–17Welcome to the latest edition of Cointelegraph’s decentralized finance, or DeFi, newsletter.Despite Cardano founder Charles Hoskinson's claim that the DeFi space is now “up for grabs,“ it was rival Vitalik Buterin who stole the headlines this week with a feature in Time Magazine.Buterin’s Time to ShineFork in the Road Carbon-con

Price analysis 9/17: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, UNI, LUNABitcoin’s (BTC) recovery is facing stiff resistance near $48,500, indicating that bears are active at higher levels. By combining the popular stock-to-flow Bitcoin price model and the illiquid supply data, analyst William Clemente projects $39,000 to act as a strong floor on any declines.Daily cryptocurrency market performanc

Veteran trader explains when it’s the best time to cash out of the market2021 has been a wild ride for the cryptocurrency market as Bitcoin shocked its naysayers by setting a new record high at $64,863, and the DeFi and NFT sector made headlines around the world. Crypto traders need to be wary of times like these because the notoriously volatile nature of the cryptocurrency market can see vast f

Texas and New Jersey regulators go after Celsius Network The Texas State Securities Board has filed for a hearing with the potential to impose a cease and desist order against crypto lending firm Celsius Network for not offering security licensed at the state or federal level, while the New Jersey Bureau of Securities has ordered the platform to stop offering and selling interest-earning cryptocur

CENNZnet’s Refreshing Take on Scaling Blockchain ApplicationsUser-oriented blockchain projects are taking off as more and more users learn about blockchain technology beyond its speculative aspects. CENNZnet is a public Proof of Stake network and decentralized application platform from New Zealand that’s taking the space forward by doubling down on this trend.Developed by Centrality, the permi

DailyCoin’s Crypto Memes of the Week #9There’s a grain of truth to every joke, and crypto memes are a distilled form of the grain.You probably know the meme “Keep Calm and Carry On.” This one is very relatable to everybody who owns crypto. Ironically enough, the internet meme itself is the second life of the message. It was first used by the British government in preparation for World War

Here’s how traders knew LUNA and RAY were on the verge of a bullish breakoutOnline information flows have a tremendous influence on the prices of crypto assets. Just this week, investors witnessed how even fake news can sometimes make the market value of a token explode, even if for just an hour. Fortunately, the effects of legitimate news tends to last longer, but the trick for investors is to

US Treasury officials mark Tether and other stablecoins as a significant concernThe United States government might be imposing stricter restrictions on the crypto market as reports suggest that it will soon categorize stablecoins as a risk.According to a report on Thursday, US Treasury officials have declared Tether and other stablecoins as a significant concern.Stablecoins have been lab

Former chief of Russia's Wex crypto exchange arrested in PolandBBC Russia has reported that Dmitry Vasiliev, the former chief of Russian cryptocurrency exchange Wex, has been arrested in Warsaw, Poland.Wex, which was previously known as BTC-e, was a well-known "dark" exchange in the early days of the cryptocurrency industry. It is alleged to have laundered funds for numerous high-profile crypto ha

Solana chart 'bull flag' eyes $250 despite SOL price down 40% since last weekSolana (SOL) price extended its slide on Sept. 17 as a major network outage over the past week — pointing to heightened security risks — hit traders' confidence.The SOL/USD exchange rate fell up to 13.27% to its intraday low of $133.53 in a corrective trend that began after it topped out near $221.38 on Sept 9. As a r

Canadian politician says he supports Bitcoin as federal election loomsMaxime Bernier, founder and leader of the People's Party of Canada, has said he supports the adoption of cryptocurrencies in the country.In a Tuesday tweet, Bernier said cryptocurrencies are “another new and innovative way” to counter the actions by central banks, which he claimed are “destroying our money and economy.”

From Russia With Love: The Election and Blockchain EditionRussia will be holding a major election of its State Duma — the lower house of that country’s legislative body, known as the Federal Assembly — on Friday, September 17 through Sunday, September 19th. The reason the voting will occur over a three-day span is to accommodate social distancing and limit crowd size as a result of the ongoi

Ethereum options data suggests the battle for $4K ETH is at least a week away For the past 40 days, Ether (ETH) has trended modestly upward, respecting a narrow channel most of the time. It enjoyed a brief rally toward $4,000 in the first week of September, but a subsequent crash brought the price into the ascending channel.Ether price at Bitstamp in USD. Source: TradingViewIn August, nonfungible

Smashing crypto adoption barrier? Solana aims to do its own ‘thing’There was a lot of talk at SALT Conference 2021 about Solana Labs, the supersonic racer of layer-one blockchain networks. Not surprisingly, much of that conversation centered on speed — or, in network parlance, transactions per second (TPS).If blockchain technology is ever to achieve mass adoption — 1 billion users, say —

MonoX raise $5M to launch single-token liquidity pools Automated market maker MonoX has today announced a debut capital raise of $5 million from venture firms including the likes of Axia8 Ventures, Animoca Brands, Divergence Ventures, among others.MonoX will use the funds to support its ambitions in reducing the capital and liquidity prerequisites for decentralized finance (DeFi) projects offering

PayPal completes crypto trading rollout for UK customersPayPal (NASDAQ:PYPL) officially announced on Friday that all eligible customers in the United Kingdom can now buy, hold and sell cryptocurrencies using their PayPal accounts.Customers can trade four major cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). As announced previously, crypto trading will only be a

Next stop $85K for Bitcoin as analysts predict ‘explosive’ Q4 for BTC price actionBitcoin (BTC) is heading for at least $85,000 in Q4 this year and could well surpass the $100,000 mark, new research says.In its latest market update on Friday, trading platform Decentrader revealed an unapologetically bullish mid-term BTC price forecast.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewE

This Is the World’s Most Bitcoin-Friendly CityFive years ago, not many people knew much about cryptocurrencies or blockchain. Now, millions of people, businesses, and institutions around the globe invest in crypto, believing in its future. For them, crypto is a long-term investment.During an exclusive interview with DailyCoin, Rogier Eijkelhof, the co-founder of Arnhem the Bitcoin City, said tha

SushiSwap’s token launchpad, MISO, hacked for $3M Joseph Delong, chief technology officer of decentralized finance (DeFi) platform SushiSwap, announced that a hacker compromised the supply chain of its token launchpad platform, MISO.According to Delong, the “anonymous contractor with the GH handle AristoK3 injected malicious code into the Miso front end,” replacing the auction wallet address

FalconX Wants to Help Institutional Traders Navigate the Crypto MarketInstitutional trading, unlike retail trading, requires a higher level of competence, owing to the high level of risk involved. And, unlike retail traders who trade as individuals with a high-risk appetite, institutional traders trade for corporate entities and are therefore more cautious and risk-averse.With this in mind, it’s

Shiba Inu (SHIB) jumps 40% on Elon Musk’s cryptic endorsement, Coinbase listingShiba Inu (SHIB) crept up Friday as traders assessed its addition on Coinbase (NASDAQ:COIN), one of the world’s leading crypto exchanges.The SHIB/USDT exchange rate jumped up to 16.42% to $0.00000950 for the first time since June 29, 2021. The latest move uphill came as a part of an overall bullish trend that starte

Bybit crypto exchange suspends services in South KoreaBybit, one of the world’s top cryptocurrency derivatives exchanges, will halt some of its services to South Korean users ahead of a licensing deadline.The exchange officially announced on Friday that it will discontinue Korean language support from its platforms as well as its official South Korean community on social media. The suspensions w

MonoX Raises $5 Million to Disrupt Traditional DEXs Using Single-Sided Liquidity PoolsMonoX Protocol, the most capital-efficient automated market maker (AMM) in the DeFi space, is delighted to announce the closing of a $5 million funding round to make it economical for projects to launch their tokens using its innovative single-sided liquidity pools.Led by Krypital Group, the funding round saw par

Crypto Flipsider News – September 17th – $1.2B Withdrawal Record for ETH, China Hunts Down Miners, $3M in Ether Stolen, BTC Hash-Rate Recovers, Redwood Launches Blockchain MBS, and Satoshi Gets a Statue in BudapestRead in the DigestRecord daily flow sees $1.2 billion withdrawn from centralized exchanges & $3M in Ether stolen from MISO launchpad.China hunts down miners & Bitcoin’s has