Terra LUNA founder Do Kwon could be facing the heat despite acting like the South Korean arrest warrant was not his concern. In a new turn of events, things seemed to be working against Kwon after a Bloomberg report showed that he was facing challenges in far-away Singapore.  According to the report, Kwon was strugglingContinue reading “LUNA’s 8% surge may be noteworthy but a trip down south may be on the cards”

After the recent successful completion of the Ethereum [ETH] Merge several other tokens benefited from it. And one of them happens to be Polygon [MATIC].  The Polygon blockchain, in the past, made several efforts to reduce its network footprint by launching the green manifesto. However, recently it announced that its network footprint had been reduced byContinue reading “Are Polygon’s efforts to go green misfiring due to MATIC’s red resistance”

The recent surge in Binance Coin [BNB] burning activity may have proved that the BEP-95 upgrade was a good decision. Also described as the “Bruno Upgrade,” the BEP-95 was implemented to speed up the BNB tokens burning process. In addition, the upgrade was to use a part of the burned tokens as transaction fees onContinue reading “Is Binance Coin [BNB]’s burning landmark enough drive to lead the alt to $300”

The long wait came to an end when the much-hyped Ethereum [ETH] Merge completed successfully. This development sparked community excitement, and Twitter was flooded with opinions about what would happen next. After this, the next big upgrade, Shanghai, is expected to roll out sometime next year. The Shanghai upgrade will finally unlock the staked EthereumContinue reading “Ethereum: What ETH’s post-Merge price drop has to do with short-term gains”

The Ethereum [ETH] Merge with the proof-of-stake (PoS) network was successfully completed as of 15 September. The implication of the Merge is that miners are now replaced by validators on the Ethereum network. However, a relatively small number of companies control the PoS mechanism. This has left analysts worried over the centralization of the ETHContinue reading “Ethereum: As major firms dominate staking, ETH’s security may be in question”

The ApeCoin [APE] Decentralized Autonomous Organization (DAO) has taken steps towards providing an APE-powered NFT marketplace. At press time, it was observed that voting had begun proper on all proposals submitted earlier. Recall that there had been three proposals from three different entities centered around developing a marketplace for Bored Ape Yacht Club [BAYC]. FirstContinue reading “ApeCoin could dump this marketplace after BAYC proposal voting begins”

Crypto lending firm Celsius [CEL] seems to be committed to restoring its lost reputations and getting back to full operation. In its latest filing with the New York Southern District Bankruptcy Court, the company pleaded that the court allowed it to sell its stablecoin holdings. According to the motion, Celsius pointed out that it wasContinue reading “Did the Celsius liquidity plea trigger CEL’s 34% freefall?”

Memecoin Shiba Inu [SHIB] recently registered a decline in its price. Though the developers are leaving no stone unturned to burn large amounts of tokens daily, their efforts are not reflecting on SHIB’s chart. Furthermore, Shibburn, just recently announced that they planned to launch a new iOS, Android, and Alexa skill for the Shibburn RadioContinue reading “Shiba Inu’s overdependence on Shibburn has led SHIB down this road”

Gary Gensler, the United States Securities and Exchange Commission (SEC) Chairman, on 15 September, stated that cryptocurrencies that allow holders to stake their tokens might be considered a security, as per a Washington Post report.  Gensler said that cryptocurrencies using the staking consensus mechanism might pass the Howey test that determines whether an asset isContinue reading “SEC Chair’s take on PoS cryptocurrencies might not make you happy”

After a successful Ethereum [ETH] Merge, Ethereum Classic [ETC] traders continued in their quest to profit from the market. However, it seemed that the outcome had been disastrous after there was over $880 million liquidated in less than five hours. This may not have been what ETC traders expected but as beauty would have it,Continue reading “Should ETC traders tighten their fists after Merge >$20M liquidations”

In a recent announcement made by Chainlink on 15 September, Chainlink claimed that it is the industry standard for on-chain climate data. With its price moving up by 2.64% in the last 24 hours, the question is- could LINK’s price rally ahead in the future? Well, Chainlink has been proactive in enabling Web3 companies toContinue reading “Chainlink investors should know this before getting into a trade”

As the much-awaited Ethereum Merge was completed on 15 September, Ethereum miners had to look for other alternative coins to keep their operations running. Therefore, a few coins registered a massive increase in their hashrates.  The Ethereum PoW, which is a new hard-forked chain created with the motive of sheltering the ETH miners, also sharedContinue reading “Where Ethereum [ETH] miners are heading after Merge success”