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BTC has been on fire since the start of the new month. The price finally surmounted the stubborn $49K resistance zone and climbed to its highest level in three months. The BTC/USD pair cruised past $50K. This happened as stocks slid following a report from US officials that revealed underwhelming US job gains. The dampened outlook for the US economy pushed the dollar and S&P 500 index lower while boosting interest in hedging assets like Bitcoin and gold. As the…

ELF sees a spectacular surge of 40% in price following the announcement about aelf's imminent release of its mainnet token swap. At the moment, ELF is changing hands for $0.73 and has a market cap of over $400M. The much-anticipated aelf mainnet token swap will take place on September 9 at noon. The three-month event will allow users to swap their ERC-20 ELF tokens for the new mainnet ELF tokens at a 1:1 ratio. Above all, the aelf team will give…

On the 3rd, Solana officially surpassed Dogecoin's market cap and became the 7th largest crypto. Recently, this crypto has been on a serious rise, which recent system upgrades triggered. The trending project looks like it's heading for $150 soon and will most likely displace XRP in a few weeks.  Solana On The Rise Solana is officially the seventh-largest cryptocurrency. This event occurred on Friday Morning when Solana surpassed Dogecoin, the 7th largest asset at the time. The Sol market price at the…

Bitcoin staged a major rally on Wednesday night, soaring from a swing low of $46,533 to hit highs above $49,678. The BTC/USD pair accelerated higher into a positive zone after forming a strong support base in the $46,500 zone. The night of bullish action sparked speculations that the king coin could mount a renewed attack on $50K.  Despite predictions to the contrary, the number 1 cryptocurrency is so far seeing an incredible start to September. Market participants are excited about the prospects…

Solidproof will launch Audit Tool, a pivotal service for blockchain projects. Through it, the German-based audit plans to improve the security of DeFi protocols, which often fall victim to hackers. Just recently, a white hat hacker deprived the Poly Network of $600 million worth of digital assets. To the hacker's defense, he later returned the money. However, the event exposed the vulnerabilities of crypto projects that usually launch with faulty or unaudited smart contracts. Solidproof plans to help developers and…

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…