• Uncategorized

    Is XRP in danger of falling out of the top five cryptocurrencies?

    XRP and Cardano’s market caps are now neck and neck, and the embattled altcoin could be demoted further if its market cap is overtaken by another token embraced by decentralized finance, Polkadot

    Just a few short months ago, XRP’s market cap meant that its position in the top three cryptocurrencies was secure. Unfortunately, a confluence of factors has plunged the altcoin’s standing into peril.

  • Tesla buys bitcoin

    Tesla buys $1.5B in Bitcoin, will take crypto payments, sending BTC’s price to record highs

    The move comes two months after MicroStrategy’s Michael Saylor encouraged Elon Musk to convert Tesla’s balance sheet to Bitcoin

    In a filing with the U.S. Securities and Exchange Commission, the electric vehicle manufacturer also confirmed that it plans to accept BTC as a payment method soon. However, it’s unclear whether or not such payments would be converted into cash immediately afterwards.

  • $13M lost in yearn.finance exploit
    Alt coins

    More than $11M lost in yearn.finance exploit, with YFI token plummeting

    The YFI governance token fell sharply from $34,700 to the low $30,000s, as the protocol’s users wonder whether they will be compensated

    “Banteg”—a core developer on the DeFi protocol whose Twitter bio says they are “ahead of the curve”—confirmed that the vault ended up losing $11 million. He went on to sow confusion by saying that deposits had been disabled while an investigation took place… and later confirmed that this isn’t possible given how the ecosystem is decentralized.

  • Elon Musk criticize cause crash
    Alt coins,  Bitcoin,  People

    Elon Musk’s tweets caused Bitcoin, DogeCoin surge. Could he cause a crash?

    Elon Musk’s tweets about Bitcoin and Dogecoin may seem like a laughing matter, but a new study raises a serious question: What would happen if he criticized a cryptocurrency?

    The world’s richest man has a rather surreal infatuation with DOGE, a cryptocurrency that was started as a joke between two developers back in December 2013. After removing #bitcoin from his Twitter bio, one of his first tweets after breaking his silence featured a picture of a rocket in front of the moon—followed by one word: “Doge.”