In a recent announcement dated 9 July, co-founders of CoinFLEX, Sudhu Arumugam and Mark Lamb outlined steps they intend to take in order to help the exchange out of its current liquidity crisis.  An unfortunate impact of the general bearish outlook of the cryptocurrency market so far this year has been the liquidity problems itContinue reading “CoinFLEX users are not in the clear- Fresh concerns hot off the press”

In an announcement blog dated 1 July, Elrond, the scalable smart contract blockchain network, informed its users of the launch of its decentralized exchange (DEX), Jungle DEX. According to the team, the DEX is “not just a product launch, but an open door to real, raw innovation.” Notably, Jungle DEX would operate as an automatedContinue reading “Elrond traders looking forward to cutting losses should read this”

In its new report titled “State of Ethereum Report — Q2, 2022,”  Bankless reviewed the performance of the Ethereum Network and its ecosystem in the second quarter of 2022. It touched upon the network’s performance under four broad categories – Protocol, Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and Layer 2. Ahead of the Ethereum 2.0Continue reading “Ethereum [ETH]: Identifying how good or bad Q2 was for the network”

Celsius Network’s halt on withdrawals plunged the cryptocurrency market into a bearish abyss last month. It is in the news today after it paid back its remaining debt to DeFi Protocol MakerDAO. The payment of the remaining $41.2 million, made on 7 July, was made in DAI. With this repayment, Celsius was able to freeContinue reading “Does Celsius’s repayment schedule keep CEL’s recovery on track”

This year so far has been marked by social networking platforms coming up with different ways to immerse various elements of NFT technology as service offerings. The latest platform to try this is Reddit. On 7 July, it announced the launch of “Blockchain-Backed Collectible Avatars.” According to the announcement blog, the limited-edition collectible avatars areContinue reading “The full A to Z of MATIC’s performance since the Reddit news”

DappRadar, a leading analytics platform for decentralized application (dapp), published a report on 5 July. The report stated that despite the harsh crypto winter that has plagued the year so far, the performance of the NFTs and Blockchain gaming ecosystems in the last quarter provided a silver lining. Additionally, this performance would keep investors andContinue reading “Solana [SOL] NFTs stand to be the undisputed king of trading volumes in Q2 2022 as per latest report”

 Voyager Digital [VGX], the United States-based crypto brokerage, is one of the companies to be liquidated due to Three Arrows Capital’s demise (3AC). In a 22 June press release, the firm stated that its investment exposure to 3AC consisted of 15,250 BTC and $350 million USDC. In a later press release dated 27 June, VoyagerContinue reading “Is VGX all set to “Voyage” to the bears as Voyager Digital files for bankruptcy?”

One of the leading liquidity protocols, Aave Protocol [AAVE], proposed the creation of its stablecoin “GHO”. This proposal by the Aave Protocol comes amidst an increased uncertainty related to the stability of the so-called “stablecoins”. According to the proposal, the “GHO” coin will be a decentralized multi-collateral stablecoin fully backed and native to the AaveContinue reading “Can Aave Protocol’s latest “stablecoin” bring some stability in the performance of AAVE?”

Fantom Foundation’s biweekly “Fantom General Update,” was published on 4 July. It highlighted the integration of the Chainlink Keepers and Chainlink VRF on the Fantom mainnet as a significant ecosystem upgrade in the last 14 days. Within this period, the price per FTM rose to a high of $0.31, after which the bears forced aContinue reading “All you need to know about FTM’s peaks and troughs after upgrades”

The TRON Blockchain [TRX] has made tremendous progress since its launch. Housing over 100,000,000 accounts, the network has witnessed a transaction count of 3,481,985,024. According to data from blockchain analytics platform, Coin98, the TRON Blockchain ranked second on the list of top 10 blockchains. The blockchain had a total locked volume (TVL) of 3,917,8181, 257Continue reading “With Tron [TRX] steady, investors should know that…”

In the last 24 hours, the global cryptocurrency market capitalization registered a 5% uptick as several crypto assets posted gains. Sandbox’s native token, SAND, was amongst the leading assets that saw an upward rally in price within this period. According to data from CoinMarketCap, the price of the leading metaverse token grew by 15% withinContinue reading “SAND: Positive price action, but is that really the full story”

While the rest of the cryptocurrency market posted losses in the last seven days, collapsed coins USTC and Terra’s LUNC led with significant gains. According to data from CoinMarketCap, Terra’s USTC recorded the most gains with a 309.80% uptick in price.  Similarly, trading at $0.000126 during press time, the price of LUNC registered a 66% growthContinue reading “USTC gives Terra-fic fight of 309.80% but what of LUNC lunatics”