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On September 1st, Ethereum CEO Vitalik Buterin tweeted that he hopes Dogecoin moves to a PoS. His Tweet was in response to a question earlier asked by another big player in the financial world. Vitalik said that days after his selection into the Dogecoin Foundation board. Vitalik on Dogecoin and PoS To boost his social score, Vitalik Buterin told his Twitter friends to ask any questions. Unsurprisingly, the most popular questions were about cryptocurrencies. One of the most exciting questions…

American video game retailer GameStop has undertaken a significant transformation strategy. The company made waves in January after the WallStreetBets subreddit group coordinated a legendary short squeeze. Moreover, the effort managed to bankrupt some Wall Street giants. Subsequently, GameStop’s meme stock rose to the moon. The gaming retailer has since welcomed a new CEO, Chewy founder Ryan Cohen. Mr. Cohen sees the potential for GameStop to become the Amazon of gaming. The CEO is on a mission to revitalize GameStop’s image from a…

Cryptocurrency exchange Binance is no longer operating in Singapore until further notice. Earlier on, the Monetary Authority of Singapore(MAS) placed the exchange on its investor alert list. This year, Singapore upped up implementation of the Financial Action Task Force’s standards. The well-known trading platform appeared among several exchanges in scrutiny. Binance Had No Trading License A MAS spokesperson stated that the central bank has gone through Binance.com’s operations in detail. Consequently, they established that the exchange might breach the Payment Services Act (PS Act). …

Cream Finance is currently working on a refund process after hackers made away with $18 million. The DeFi protocol aims at compensating investors using 20% of its transaction fees. Cream also plans to clear the debt with Flexa Digital Payment and several AMP participants. How Did it Happen? On August 30, 2021, Peckshield discovered an exploit taking place at Cream Finance. According to the blockchain firm, the hack was successful because of a bug on the $AMP token. The hacker…

In the past 24 hours, Bitcoin has maintained a bearish price trend, while Ethereum, Cardano, and Solana's prices continue to rise. Cardano and Solana have been making new ATH values in just the past few weeks. The crypto market also seems to be in recovery.  BTC Bulls Still Uncertain BTC is still on a high low but showing signs of a continued bearish statement. Late 31st August, bitcoin was trading at $47.9k. A few hours later, it managed to even hit…

The Liechtenstein Cryptoassets Exchange (LCX) has announced the release of Fire Salamander on Polkadot, following the integration with Uniswap. The innovative Decentralized Finance (Defi) tool is a powerful Decentralized Exchange (DEX) Aggregator aiming to ease transactions within the Defi space. The next-gen DEX aggregator will use web 3.0 technology. LCX is the first known parachain candidate managed and created directly by the core team of a centralized exchange within the Polkadot ecosystem. LCX is a fast-growing blockchain company showing their…

Standard Chartered has launched a joint initiative with Linklogis. The latter is a promising blockchain finance tech solution from China. Together, they are building Olea, a trade finance origination and distribution platform. The two firms have worked on developing the new digital trade finance platform. Furthermore, the platform leverages blockchain technology. This platform aims to give institutional investors an alternative asset class. Their plan is to lure in businesses that require supply chain financing. The platform should be operational by…

The Solana (SOL) price has rocketed nearly 220% over the past month. Most of it is due to investors flocking into the project, expecting considerable gains in the near term. Net investment inflows into Solana rose to $7M over the past week.  The project's impressive gains come from the growing excitement around DeFi initiatives. In August alone, Solana's DeFi projects tripled in value. The value crossed the $3B mark for the first time in history. Meanwhile, the booming popularity of…

Bitcoin benefitted from heavy selling in the US dollar market over the weekend. Bulls attempted two run-ups above the $49K level. However, BTC rallied to a $49,657 high but failed to mount a decisive attack on $50K. Since then, the momentum has waned, and the BTCUSD pair is currently consolidating gains above the $48K support. The ongoing range-bound trading comes as September approaches. Historically, it is a month that proves uninspiring for investors.  According to analyst Michaël van de Poppe,…