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Algorand (ALGO) Draws a Negative Bias After YTD High at $0.76


Algorand, at the onset of the previous month, had hit a fresh All-Time High at $0.763 while currently trades below $0.30 at $0.2995 with a total bearish crossover. Algorand is a Proof of Stake based mineable top 50 lucrative projects of the global crypto market. However, due to loss of traction...

SBTC Plummets by 99% as Devs Announce Dissolution of Token


The price of SBTC plunged by nearly 98% in just over an hour on September 21 as devs announced the dissolution of the token. The dissolution announcement came more than a month after the token reached an all-time high of $5.07. At the time of writing, the token was quoted at $0.007 down from $0.64....

Bitcoin—the Power Needs Over $10k to Set an All-Time High


Bitcoin and its price have been a talk of the investor’s town due to its recent volatile movement. It was during the weekend when the largest cryptocurrency by market capitalization was seen trading above $11k, while currently has recorded a steep dip wherein BTC lost over 3% from the highest...

Party at Vitalik’s House? For DeFi, it’s Do-or-Die


Ethereum gas prices have set new records, with single DeFi transactions costing over $10 in fees. High fees are the result of congestion, as users pay ever higher fees to ensure their transaction gets into a block. As DeFi takes off, the price of gas on Ethereum threatens its future. Or does it?...

Bitcoin Mining Difficulty Zooms to All-Time High, But BTC Price Moves Faster


After the Bitcoin (BTC) mining difficulty jumped sharply today, mining has become 20% more difficult than right before the third BTC halving in May. However, in the same period of time, the price of the most popular cryptocurrency rallied by 27%, saving miners' profit margins. On Sunday morning...

Ethereum’s Gas Spike Forces Coinbase Pro to Pass Network Fees to Customers


While Ethereum network fees have jumped to new highs this year, the popular cryptocurrency exchange, Coinbase Pro, announced that the trading platform would be passing network fees onto customers. The move followed the exchange listing Uniswap’s native token UNI, an airdrop that saw miners...

Defi Economy Rebounds: Total-Value Locked Jumps 28% Capturing Close to $9B


The total-value locked (TVL) in decentralized finance (defi) economy has recaptured much of the value lost during the Sushiswap fiasco last week. At the time, the defi TVL tumbled down to $6.8 billion from the $9.6 billion high on September 8, suffering a loss of close to -29%. Since then, however...

US Consumers Flock To the First Mastercard Branded BitPay Card


New data from BitPay shows that American consumers are flocking to load the first Mastercard branded BitPay card with top digital assets. The popular cryptocurrency payment services provider debuted the new card in June 2020 and the company’s transactions reached a new high in July. The data...

Bitcoin Options Traders Bet the Price of BTC Can Touch $36K by December


This past weekend, data shows the most active bitcoin options contracts were calls for $28k, $32k, and $36k by the year’s end. This means a number of options traders are betting the price of bitcoin will exceed the all-time high (ATH) the decentralized currency touched in December 2017....

Bitcoin Hashrate Ramps to 130 Exahash Amid Next-Generation Miner Shortage


Regional reports from China have highlighted that a number of major Chinese ASIC mining rig manufacturers have sold out of their next-generation model stock. The shrinking supply of high-performance machines may be due to the shortage of 7nm and 8nm chips from TSMC and Samsung. Bitcoin miners...

Bancor Corrected by Over 65% in a Month from 2-Year High


Bancor, a blockchain-based decentralized exchange based on Ethereum, is designed by several smart contracts. The price front of this DeFi based token lacks momentum as per the sluggish market movement since the initial week. BNT/USD, at the press time, was seen trading at $1.143, and after having...

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