Day: June 21, 2022

Avalanche (AVAX) price drops 45% in a month and data points to further downside

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Avalanche (AVAX) is down 45% in 30 days and in the same time the cryptocurrencies’ total market capitalization shrank by 29%. Despite the recent downturn, this decentralized application (DApp) platform remains a top contender in the layer1 and layer2 race and it ranks high in terms of smart contract deposits and active addresses. Yet, the lackluster token price is still causing investors to rethink whether the network remains a “serious” competitor. AVAX token/USD at FTX. Source: TradingView The brutal sell-off on risk assets caused AVAX to test the $14.80 support…

Colombia’s new president seems to be a fan of Bitcoin

Gustavo Petro, who recently won the 2022 Colombian presidential election, has previously made statements in favor of cryptocurrencies. Petro will replace Iván Duque Márquez as the president of Colombia on August 7 for four years after winning the second round of a run-off election on Sunday. The president-elect took to social media in December 2017 shortly after a major bull run to speak on the “strength” of Bitcoin (BTC). Petro hinted at the time that cryptocurrencies like BTC could remove power from government and traditional banks and give it back…

Why cross-chain interoperability matters for DeFi

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The modern DEX is designed to take advantage of the benefits of both CEX and DEXs by leveraging innovative technologies to enable more efficient transactions. Since limitations are presented for both the modern CEX and DEX, many propose that for widespread asset adoption, a non-custodial platform that supports assets across many networks is needed. In theory, this experience would enable users to control their funds at all times without giving up the flexibility of a promising user experience. Polkadex has proposed this next exchange iteration as a decentralized peer-to-peer order…

US Republicans Seek to Counter Effort to Curtail Crypto Mining

Environmental regulators should seek “a comprehensive analysis as it relates to understanding the potential environmental effects of digital asset mining,” according to the letter, which was signed by Sen. Cynthia Lummis (R-Wyo.), one of the authors of new legislation to regulate crypto, and Rep. Patrick McHenry (R-N.C.), the ranking Republican on Financial Services, along with three other senators and nine members of Congress. They insisted the U.S. government shouldn’t do anything to disrupt American leadership in the sector. Source

Ethereum Price Prediction: Crypto Billionaire Arthur Hayes

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io To earn some free crypto every time you make a trade over $10 get the FTX App using the link below US People – International – Ethereum price prediction for 2022 by one of crypto’s youngest billionaires Arthur Hayes. With arguably the biggest upgrade in crypto happening this year AKA “The Merge”, many people are wondering what is going to happen to Ethereum’s price. So today we will be looking at an Ethereum price prediction recently made by Bitmex founder Arthur Hayes.…

Hublot Now Accepts Shiba Inu and Other Cryptocurrencies

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Hublot, a Swiss luxury watchmaker, has announced that its newly released 200 limited-edition watches can now be purchased online via BitPay, using cryptocurrencies such as Shiba Inu and Bitcoin. According to a tweet from Hublot, this method of payment is only available to consumers of the Hublot United States eBoutique. The tweet from the official Hublot Twitter account reads, “Introducing the new #BigBangUnico Essential Grey, a limited edition of 200 pieces solely available online on the e-commerce platform hublot.com. Exclusively on our Hublot United States e-boutique, clients will be…

Is there a way for the crypto sector to avoid Bitcoin’s halving-related bear markets?

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There is good reason to be afraid. Previous down markets have seen declines in excess of 80%. While tightfisted hodling might hold wisdom among many Bitcoin (BTC) maximalists, speculators in altcoins know that diamond handing can mean near (or total) annihilation.  Regardless of one’s investment philosophy, in risk-off environments, participation flees the space with haste. The purest among us might see a silver lining as the devastation clears the forest floor of weeds, leaving room for the strongest projects to flourish. Though, doubtlessly, there are many saplings lost who would…