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It’s not the first time that the native token of the Avalanche blockchain has encountered wild fluctuations. In February, AVAX shot as high as $60 only to reach a nadir in June–July. But after bottoming at $9.34, AVAX is now beyond $60 and is currently trading at $76. This has earned it a spot in the top 20 cryptocurrencies by market capitalization with $16 billion, according to Cointelegraph Markets Pro. Avalanche is among the layer-one blockchains tagged as “Ethereum killers” that appear to have reduced the dominance of the top…
Jack Mallers’ Strike is making the tech behind Twitter’s new bitcoin tipping feature open to the world. On Thursday, the startup said its “Strike API” – a payments plugin that processes bitcoin over the more efficient Lightning Network – will roll out across a series of business partners. It will be made public “in the coming months,” according to a Medium blog post. “Soon, any internet network, online marketplace, merchant, business, developer, and more will have access to cheaper, faster, global payments of any size with the Strike API,” the…
Social media giant Twitter will be enabling cryptocurrency options to its tipping jar, allowing any user to pay through the platform. In a Thursday blog post, Twitter staff product manager Esther Crawford said the crypto tips feature would be available for all iOS users globally and the platform plans to roll out options for Android in the coming weeks. The crypto option will allow users to link third-party apps, including Cash App, Patreon, Venmo, Chipper, Bandcamp, Razorpay, GoFundMe, PicPay, and Wealthsimple Cash — depending on their region — to their…
Last Friday, blockchain project the Wormhole Network launched the protocol’s ethereum ↔ solana bridge which enables users to exchange assets from both networks in a cross-chain fashion. Five days later, the Wormhole Network team announced the launch of a non-fungible token (NFT) bridge for transferring NFTs between both blockchains. Wormhole Launches Ethereum ↔ Solana NFT Bridge The cryptocurrency network Solana (SOL) has been making waves during the last few months and recently made it into the top ten crypto assets ranked by market valuation. SOL has gained more than 12%…
Some 6.6 million FOX tokens worth over $2 million were airdropped to 33,000 holders of various decentralized finance (DeFi) tokens on Thursday. The airdrop is an effort to include holders who would have been eligible for a slice of a previous $100 million airdrop but were not included because their tokens were deployed in yield-bearing strategies. Dubbed a “Fairdrop,” the follow-up handout is the product of FOX community member, “NukeManDan,” as well as others, who argued that community token holders who were deploying their tokens in staking or liquidity provision…
The Chicago Mercantile Exchange more commonly referred to as CME, offers the de-facto futures contracts for Bitcoin since the end of the last bull market. But could the forward-looking price action also offer a potential glimpse into the future of what’s to come? If this crystal ball works, the last leg up could be about to begin, and it could start with a simple bullish divergence. Seeing Into Bitcoin’s Future With CME CME is the top BTC futures exchange for institutional traders, and often a dominant force in the market.…
The Canadian Securities Administrators, or CSA, and Investment Industry Regulatory Organization of Canada, or IIROC, have issued guidelines for crypto trading platforms operating in the country to avoid “advertising and marketing materials that could mislead investors.” In a Thursday publication, the Canadian regulators’ guidelines warn crypto companies not to advertise “gambling style” promotions in which an investor is encouraged to sign up within a given time limit to take advantage of a reward or opportunity. Though the guidance was seemingly vague on restrictions concerning social media posts, the regulators recommended…
Two Bitcoin developers – Chris Coverdale and Rene Pickhardt – have been selected to receive funding from BitMEX’s Open Source Developer Grant program. Both Coverdale and Pickhardt will receive eight-month grants, with funding lasting until next May. The grants are worth $33,333 each. BitMEX’s announcement of the grant awards describes its developer grant program as “interim funding” meant to help part-time developers make the transition out of employment or education into full-time development work. BitMEX is one of several crypto companies, including Gemini, Marathon Digital Holdings, OKCoin and Square, to…